Whilst the ASX Market is full of opportunities, choosing the best All Ords ASX stocks remains a challenge, especially if you are looking for companies with a broad economic moat.
Fortunately, we’ve maintained a careful watch on the All Ords Chart, and here are our best selections based on their FY 2022 results. As they say, finish the year strong!
1. Pilbara (ASX:PLS)
With demand for lithium expected to rise at a rate of 28% per year until 2028, Pilbara Minerals has the potential to become a key player in this global supply chain, resulting in long-term growth for its All Ords ASX share price.
Pilbara Minerals share price gained 525% in the last five years to AU$5.37, boosted by record high lithium prices.
The ASX lithium company, Pilbara Minerals, holds a 100% stake in the Pilgangoora Project in Western Australia, which is home to one of the world’s biggest hard rock lithium resources. The ASX miner reported a 164% growth in quarterly output to 147,105dmt of spodumene concentrate in its September update. Its cash balance has more than doubled to AU$1.375 billion.
Pilbara received a record pre-auction bid of US$7,100 per dry metric tonne (dmt) for a shipment of 5,000dmt of spodumene concentrate on a 5.5% lithia basis in its most recent offering on the online Battery Material Exchange. And Pilbara’s All Ords share price may climb much more in the near future.
2. National Australia Bank (ASX:NAB)
National Australia Bank (ASX: NAB) is an All Ords ASX listed financial firm that provides regular banking services as well as wealth management. The ‘big four’ Australian banks have long been part of many passive income investor portfolios, with a market size of over AU$99 billion, but tighter monetary policy is increasingly drawing new sorts of investors, despite the higher risk of credit and mortgage defaults.
NAB All Ords ASX shares have climbed by just 4.2% in the last five years, and grew its dividend by 19% to $1.51 per share in FY22. This has increased every year over the past 10 years. Rising interest rates may cause NAB share earnings to increase in 2023 as well.
It is possible that by FY24, it will be paying an annual dividend of $1.77 per ASX All Ords share, implying that it might offer a dividend yield of roughly 8% in the next few years.
3. Coles (ASX:COL)
The ASX-listed firm is one of Australia’s leading supermarket and liquor retailer operators, with over 2,500 stores operational throughout the country. Their All Ords ASX shares have risen 32% in the last five years to AU$16.97, and their after-tax income increased by 4% to AU$1 billion in FY22. ASX: COL makes our last pick on the list of best stocks to buy from the All Ords Chart this December 2022.
Despite cyclic lockdowns and corresponding local shopping behaviours, sales in supermarkets and liquor were both up more than 2%. Their eCommerce sales increased by 42% in FY22 to about $3 billion.
The 2023 reports of Coles Supermarkets look promising as well. Supermarket sales revenue of $8.8 billion climbed by 1.6% year on year in the first quarter, while comparable sales increased by 2.1%. Gross retail sales climbed by 2.3% to $9.0 billion.
Our international award-winning team of research analysts at Shares in Value is committed to helping retirees, self-directed investors, and self-managed super funds find real treasures in the All Ords ASX market. We conduct research-backed findings to make data-driven decisions and only present our members with stock picks that meet our rigorous criteria. Want to take a look at our portfolio for free? Book a free personalised walkthrough of our platform now.