Group 1: Netwealth Group Ltd (NWL) - NWL share price has increased by 14.0% since the start of 2025, with over 140,000 account holders and $88 billion in funds under administration as of 2024, establishing it as a major player in the wealth management software industry [1] - The company's competitive advantage lies in its scale and user-friendly online platform, allowing users to manage investments, track performance, and access reports through a central dashboard [2] - NWL shares currently have a price-sales ratio of 31.29x, above its 5-year average of 23.72x, indicating that shares are trading higher than historical averages despite revenue growth over the last 3 years [6] Group 2: Mineral Resources Limited (MIN) - MIN is a diversified mining company focused on lithium and iron ore extraction in Western Australia, also providing mining and engineering services through its subsidiary, CSI Mining Services [3] - The company differentiates itself from competitors with in-house engineering and construction capabilities, allowing for greater control and flexibility in product development [4] - MIN shares are currently trading at a price-sales ratio of 1.59x, which is lower than its 5-year average of 3.02x, suggesting potential undervaluation compared to historical performance [7]

Group 1: Company Overview - ResMed, founded in 1989, specializes in medical equipment for treating obstructive sleep apnea and is headquartered in San Diego, California [2] - The company operates in over 140 countries with more than 10,000 employees and has two main business units: Sleep and Respiratory Care, and Software as a Service (SaaS) [3] - Netwealth is a wealth management software business with over 140,000 account holders and $88 billion in funds under administration as of 2024 [5] Group 2: Business Operations - ResMed provides cloud-connectable CPAP machines and ventilation solutions, while its SaaS unit supports durable medical equipment for out-of-hospital care [3][4] - Netwealth offers a user-friendly online platform that allows users to manage investments, track performance, and access financial reports [6] Group 3: Financial Performance - ResMed's revenue has grown at a rate of 13.6% per year since 2021, reaching $4,685 million in FY24, with net profit increasing from $475 million to $1,021 million [8] - Netwealth has seen a revenue growth rate of 20.8% per year over the last three years, hitting $255 million in FY24, while net profit rose from $54 million to $83 million [8] - ResMed's return on equity (ROE) is reported at 22.7%, while Netwealth's ROE stands at 62.3% [8]

Company Overview - ResMed is a medical equipment company based in San Diego, California, originally founded in Australia, specializing in cloud-connectable CPAP machines for obstructive sleep apnea treatment [2] - The company operates globally with over 10,000 employees and a presence in more than 140 countries, divided into two primary business units: Sleep and Respiratory Care, and Software as a Service (SaaS) [3] - Netwealth is a wealth management software business that provides a platform for financial planners, with over 140,000 account holders and $88 billion in funds under administration as of 2024 [5] Business Model and Services - ResMed's Sleep and Respiratory Care unit offers industry-leading CPAP machines, catering to a wide range of patients from those needing nightly therapy to those requiring life-support ventilation [3] - The SaaS unit provides software for durable or home medical equipment, enhancing out-of-hospital care [3][4] - Netwealth's platform allows users to manage investments, track performance, and access financial reports through a user-friendly interface [6] Financial Performance and Valuation - ResMed shares have a current price-sales ratio of 5.63x, significantly lower than its 5-year average of 8.70x, indicating potential undervaluation or increased sales [8] - In contrast, Netwealth shares trade at a price-sales ratio of 30.23x, above its 5-year average of 23.72x, suggesting a higher valuation relative to historical performance [9]

Reece Ltd (REH) - Reece Limited is Australia's largest supplier of plumbing and bathroom products, serving the nation for over a century [1] - The company has diversified its offerings to include products and services for irrigation, pools, civil construction projects, and HVAC systems [2] - For FY24, Reece reported a debt/equity ratio of 47.2%, indicating more equity than debt [6] - Over the last 5 years, Reece has delivered an average dividend yield of 1.1% per year, which is significant for income-focused investors [7] - Reece's return on equity (ROE) for FY24 was 11.2%, surpassing the typical threshold of 10% for mature businesses [7] HUB24 Ltd (HUB) - HUB24 is a leading player in the wealth management software industry, providing diversified solutions across financial advice, superannuation, and investment management [3] - The main products of HUB24 include the HUB24 platform, Class software for self-managed super funds, and myprosperity for accountants and advisers [4] - HUB24's competitive advantage lies in the quality of its service, having been awarded Overall Best Platform in the Adviser Ratings Financial Advice Landscape Report for 2024 [5] - Over the last 3 years, HUB has achieved a revenue growth rate of 44.4% per year, reaching $328 million in FY24 [9] - HUB's net profit increased from $10 million to $47 million, with a reported ROE of 9.2% [9]