ASX-300 sector and stock performance 2013-2018

Since investors using Sharesight typically tend to lean towards a 'buy and hold' investing philosophy, it's important to look at returns over longer periods. In this post, we're examining the returns of stocks in Australia's ASX-300 index and the corresponding returns for each sector as well as key stocks to look for underlying trends over the last 5 years (2013-2018).

Sharesight performance calculation methodology

Sharesight calculates annualised returns that include dividends -- we do this using a dollar weighted return calculation method when there are multiple buy/sell trades within a measurement period. For this exercise we "purchased" a single parcel of each stock on 1 Jan 2013 and used Sharesight’s performance report to calculate the annualised return including dividends (total annualised return) through to 31 December 2018. In this post we've used Sharesight's compounded annual return to calculate these annualised returns.

ASX-300 performance 2013-2018

Using the Vanguard Australian Shares Index ETF (VAS) as a proxy to capture the dividend and capital gain performance of the ASX-300 index in Sharesight (read our rationale for benchmarking your portfolio against ETFs), we find an extremely strong performance for the index through 2013 before a long plateau, underpinning the importance of understanding the impact of holding periods in your investment performance.

Over the 5 years from 1 January 2013 to 31 December 2018, ASX:VAS recorded a 9.93% total annual return, with 6.95% of that return coming from dividends, illustrating the high dividend yield common to some Australian stocks.

Performance of each sector in the ASX-300

Sharesight uses the FactSet Revere Business Industry Classification System to classify companies by industry and sector (when looking at a holding in Sharesight, this information is available in the ‘instrument detail’ section on the right).

We used this sector break down to split out the performance by sector within the ASX-300 over the 2013-2018 period. Here’s that performance by sector -- simply click on a sector for more info:

ASX-300 performance by sector 2013-2018

1. Commercial services: 33.90%

2. Communication: 12.01%

3. Consumer durables: 22.59%%

4. Consumer Non-Durables: 31.59%

5. Consumer services: 12.99%

6. Distribution services: 11.92%

7. Energy minerals: 2.22%

8. Finance: 20.38%

9. Health services: 27.52%

10. Health technology: 30.17%

11. Industrial services: 7.74%

12. Non-Energy minerals: 17.55%

13. Process industries: 18.51%

14. Producer manufacturing: 12.33%

15. Retail trade: 14.64%

16. Technology services: 41.88%

17. Transportation: 19.70%

18. Utilities: 7.41%

NOTE: All return figures per annum total return including dividends

1. Commercial services: 33.90%

NEA - Nearmap Ltd: 71%

• Jul 20 2015: Partnered with Esri to bring high-resolution, current and historical imagery to Esri community

• Sep 6 2018: Announced plans to raise $70 Million to enter the international market

• Sep 12 2018: Entered the S&P/ASX 300 Index*

SIQ - Smart group Corporation: 52.56%

• Dec 17 2015: Acquired Advantage Salary Packages

• Sep 11 2017: Acquired assets of RACV Salary solutions

• Dec 14 2017: Announced acquisition of Fleet West

CTD - Corp Travel limited: 93.02%

• Dec 17 2015: Increased US market share with Acquisition of Montrose Travel

• Oct 28 2018: Hedge fund targets local travelling group

• Nov 7 2018: CTD goes live with Qantas distribution platform

2. Communication: 12.01%

SPK - Spark New Zealand: 20.13%

• Jun 3 2016: MNF group limited completed acquisition of TNZI voice business from Spark New Zealand

• Jun 21 2018: Spark NZ investment in network pays off

• Jul 9 2018: New Zealand commerce commission takes Spark New Zealand to court, despite this Spark NZ shares move higher

TPM - TPG Telecom limited: 18.72%

• Aug 19 2013: TPG selected hawaiki cable and invests in fibre capacity between Sydney and US west coast

• Jun 20 2017: Vice received a $450 Million round of funding from TPG Telecom limited

• Dec 18 2018: ACCC expressed concerns over planned merger between TPG and Vodafone merger - will possibly block the deal

CNU - Chorus Limited: 15.75%

• Dec 29 2016: Kate Mckenzie appointed as CEO

• Mar 25 2018: Chorus will trial use of fibre network to provide direct New Zealand broadcasting system

• Sep 5 2018: David Collins appointed Chorus CEO

3. Consumer durables: 22.59%

ALL - Aristocrat Leisure: 39.95%

• Feb 26 2013: Aristocrat Leisure appoints legendary games developer Joe Kaminkow as senior vice president of Game development

• Jul 3 2014: Aristocrat to strengthen systems and linked progressive offering with Paltronics acquisition

• Mar 22 2018: Revealed they were aware of the data breach of venue management software they were developing between June 2017 to Feb 2018

LOV - Lovisa Holdings limited: 34.66%

• Apr 4 2018: Price collapses after the CEO of the company quit, following turbulence with the CFO resigning the previous year

AMA - Ama Group limited: 18.22%

• Jun 1 2015: AMA group is alleged to have outsized influence on Medicare payments

• Oct 5 2018: Increased funding to expand greenfield sites

4. Consumer Non-Durables: 31.59%

A2M - The A2 Milk Company: 116.71%

• Oct 23 2015: Scott Morrison announced FTA for Australia and China at The A2 Milk Company

• Aug 14 2018: A2M announced distribution arrangement with import agent China State Farm

• Nov 22 2018: China announced that imported items by individuals will be viewed as "Personal views" and will not require registration

BAL - Bellamy’s Australia: 48.78%

• Oct 11 2017: Paid a penalty for alleged continuous disclosure breach

• Oct 24 2018: Shares sink after disappointing AGM update

• Nov 29 2018: Applied for a license to sell its Chinese labelled products in the Chinese market but has seen the application

FNP - Freedom food ltd: 35.20%

• Oct 9 2017: Experienced a strong start to the 2018-19 Financial year and has seen sales growth ahead of expectations in the first quarter.

5. Consumer services: 12.99%

CFK - Collin foods ltd: 33.33%

• May 19 2016: Expanded into NSW and Victoria with the acquisition of 13 KFC restaurants

• Dec 1 2016: Collins food completed German acquisition

• Nov 29 2018: Announced KFC division saw a 25.9% increase in Net Profit after tax, with Western Australia sales particularly strong

IEL - IDP Education ltd: 42.91%

• May 15 2018: IDP Education partners with Cognizant to help students realise their international study and Career goals

• Aug 29 2018: Records $487.2 Million in revenue in FY 18

DMP - Dominos Pizza Enterprises: 27.91%

• Nov 7 2018: Dominos launches world's first augmented reality pizza chef

6. Distribution services: 11.92%

API - Australian Pharmacy Industries ltd: 25.47%

• Sep 26 2018: Shares fall 8.5% to $1.73 hitting a low when API announced expansion plans into the skincare market

• Dec 14 2018: API share price surges on merger news

BAP - Bapcor Limited: 28.22%

• Oct 11 2017: Bapcor sells footwear and resources divisions from Hellaby

• Nov 29 2018: Announced plans to acquire 5 companies that specialise in Japanese trucks spare parts

SVW - Seven Group Holdings: 13.06%

• Feb 8 2017: Beach energy announced Seven West CFO Mr Richard Richards as non executive director

• Jun 22 2018: Seven Group Holdings debt level pose a problem

7. Energy minerals: 2.22%

WHC - Whitehaven Coal: 5.84%

• Dec 17 2014: Coal railings commence at Maules Creek

• Sep 13 2018: Whitehaven Coal released the Environmental Impact Statement for its Vickery extension project

• Dec 24 2018: Nathan Tickler sues Whitehaven Coal over alleged breach of contract

WPL - Woodside Petroleum: 5.59%

• Apr 12 2016: Signed a 5 year charter contract with Norwegian company Siem Offshore Australia Pty Ltd

• Aug 22 2017: Announces battery breakthrough

• Dec 20 2018: Woodside and RWE sign agreement for midterm LNG supply

BPT - Beach Energy Limited: 0.52%

• Mar 1 2016: Beach Energy completes Drillsearch merger

• Dec 18 2017: Wins PACE gas grant to drill second south east conventional gas well

• Jul 10 2018: Beach donated fencing equipment to help March Bushfire recovery

8. Finance: 20.38%

HUB - Hub24 Ltd: 76.06%

• Jun 12 2016: Hub 24 posts record growth

• Aug 17 2017: Expanded by Integrating technology in to the financial advice offering

• Nov 19 2018: Regulation to encourage the independence of financial advice is seen as a positive by markets by HUB24

EML - EML Payments ltd : 39.75%

• Feb 15 2018: Acquires PRESEND Prepaid solutions

NGI - Navigator Global investment ltd: 35.56%

• Jul 20 2018: Navigator and Lighthouse completed acquisition of Mesirow Advanced Strategies

9. Health services: 27.52%

PME - Pro Medicus limited: 72.99%

• Apr 22 2014: Signed $20 Million deal with US health network for imaging platform

• May 1 2018: Signed 5 year visage RIS deal with I-Med Radiology

• Nov 20 2018: Pro Medicus Limited’s wholly owned US subsidiary, Visage Imaging signed a 7 years contract with Partners Healthcare for A$27 million

RHC - Ramsay Health Care: 16.18%

• Dec 22 2015: Acquired HPM group in Lille, France

• May 1 2017: Responds to ACCC proceedings regarding a matter in Coffs Harbour

SHL - Sonic Health care: 12.55%

• June 5 2013: Sonic healthcare announces breakthrough developed in laboratory automation in cooperation with GLP systems and Sysmex Europe

• Aug 31 2017: Sonic Healthcare wins national bowel cancer screening contract

• Dec 12 2018: Announced $750 Million acquisition of US based Aurora diagnostics

10. Health technology: 30.17%

CUV - Clinuvel Pharmaceuticals: 46.54%

FPH - Fisher and Paykel: 37.63%

• Oct 23 2013: Fisher and Paykel to expand India presence, set up local arm

11. Industrial services: 7.74%

CIM - Cimic Group limited: 18.85%

• Jul 3 2017: CIMICS PBP contractors win contract worth $400 million

• Aug 4 2017: CPB selected by the Queensland government for stage 1 of the $497.3 million Mackay ring project

• Nov 21 2018: CPB and UGL selected by the NSW government to deliver line wide works for the sydney metro and the southwest project

CLQ - Clean Teq Holdings ltd: 15.52%

• Dec 14 2017: Clean Teq commenced trading on Toronto stock exchange in addition to ASX and OTC markets

• Apr 12 2018: Signed cooperation framework agreement with meili guotu environmental research and design institute

• Jun 25 2018: Shares price falls 12% lower to $0.94 after the company released its feasibility study for its Sunrise project

CWY - Cleanaway Waste Limited: Total return 14.93%

• Dec 30 2014: Cardia Bioplastics signed 2 year supply contract with Cleanaway

• Aug 23 2017: CEFC backs waste management sector with $90 Million Cleanaway loans

• July 31 2018: Federal environment and energy minister Josh Frydenberg will unveil a new state of the art facility at Wetherill park in Sydney - the largest of its kind in Australia

12. Non-Energy minerals: 17.55%

PLS - Pilbara Min Ltd: 66.82%

• Sep 29 2017: Signs lithium offtake deal with China Great Wall Motors

• Jan 3 2019: The company signed a non-binding memorandum of understanding with POSCO to consider a larger jointly owned chemical conversion facility to produce industry leading, high-grade hydroxide and carbonate products.

SAR - Saracen Mineral: 40.56%

• Feb 14 2017: Acquired the Bundarra gold project

• Aug 3 2017: Sold King of the Hills gold mine to Red 5 ltd

KDR - Kidman Resources ltd: 33.80%

• Nov 1 2018: Kidman signed lithium hydroxide supply agreement

13. Process industries: 18.51%

ORA - Orora limited: 23.84%

• April 2 2015: Orora Glass awarded ‘Supplier of the Year’ by Lion

• Dec 15 2016: Announced the acquisition of the Register Print Group

• Nov 29 2018: Acquired Pollock Packaging - a market leading Texan packaging and facility supplies business

WBA - Webster ltd: 20.76%

• Jun 21 2017: Webster decommissions Lake Tandou irrigation system and sells water entitlement to Commonwealth

• Sep 17 2018: Appointment of Chief Executive officer and Company secretary

• Nov 7 2018: Completion of sale of Bengerang limited

ING - ING Corporation: 21.98%

• Apr 19 2013: ING completed sale of Malaysian investment management business

• Dec 24 2013: ING completed sale of ING Life Korea to MBK partners

• Dec 17 2018: Now using AI to assess credit risk with google and PWC

14. Producer manufacturing: 12.33%

RWC - Reliance Worldwide: 18.27%

• Jan 8 2018: Sharkbite Plumbing Solutions recognised by building industry for product innovation

• Jun 14 2018: Reliance Worldwide completes acquisition of John Guest Holdings Ltd

• Aug 27 2018: Profit increases marginally from $65.6 Million to $66 Million

CSR - Csr limited: 13.46%

GWA - GWA Group ltd: 6.92%

• Nov 26 2014: GWA Group reaches agreement for the sale of Dux Hot Water

• May 14 2018: GWA to sell Door and access systems to Allegion Pty Ltd

• Dec 14 2018: GWA accelerates water solutions growth strategy with proposed acquisition of Methven Ltd for NZ$1.6 per share

15. Retail trade: 14.64%

HVN - Harvey Norman: 18.28%

• Jun 23 2017: Harvey Norman to expand presence in East Malaysia

• Oct 12 2017: SMU and Harvey Norman launches new centre to improve the retail industry in singapore

WES - Wesfarmers limited: 5.20%

• Sep 15 2015: Wesfarmers signs business coalition on climate change

• Jul 25 2018: Announced plans to demerge Coles business from Wesfarmers

• Oct 5 2018: Wesfarmers demerger of coles group limited finalised

• Oct 18 2018: NGA and Wesfarmers announces $4M partnership and Major international exhibition

WOW - Woolworths limited: 4.88%

• Feb 5 2016: Recalls fresh cut salad products

• Apr 27 2017: Woolworth announces support for Kraft Heinz commitment to FAD free tuna

• Nov 27 2018: Woolworth partners with WWF

16. Technology services: 41.88%

ALU - Altium limited: 61.64%

• Aug 13 2015: Altium to acquire Octopart a leader in electronic parts content and search

• Mar 15 2016: Altium appointed Joe Bedewi as CFO

• Dec 18 2018: Launches Altium Designer 19 which enables easy, powerful design for complex projects

APT - Afterpay touch: 175.02%

• July 13 2017: Afterpay and Touchcorp merger is now complete

17. Transportation: 19.70%

SLK - Sealink travel group: 26.21%

• Feb 24 2016: Acquisition of Captain cook cruises in Western Australia

• Oct 23 2018: Sealink purchased MV Bowen to ensure immediate uplift in capacity for bruny island

AIA - Auckland International: 21.48%

• Feb 20 2015: Two of the world's most innovative duty free operators selected for Auckland Airport

• Sep 17 2018: Auckland Airport recognized globally for sustainability achievements

• Oct 3 2018: Changes to transport network made to help improve flow over summer peak

SYD - Sydney Airport: 16.56%

• Aug 18 2015: Qantas and Sydney Airport reach commercial agreement on domestic terminal

• Sep 12 2018: Sydney gateway initiative by NSW government and Sydney airport received approval

18. Utilities: 7.41%

IFN - Infigen Energy: 10.90%

• Oct 29 2015: Infigen completed sale of US winds business

• Apr 3 2017: Infigen to construct 113.2 MW Bodangora wind farm near wellington, NSW News Source

• Dec 18 2018: Completed capital lite transaction for cherry tree wind farm and reviews development pipeline

AGL - Agl Energy Limited: 9.89%

• Dec 16 2014: AGL revealed no unhedged exposure to oil linked gas sales contract

• Dec 7 2017: AGL announced plans to close Liddell power station

• Dec 21 2018: AGL signs contract for regasification vessel

EPW - ERM Power limited: 2.90%

• Dec 11 2014: ERM announced expansion into US markets.

• Dec 16 2015: ERM power acquired energy Data analytics company Greensense

• July 31 2017: ERM power announced Liberty facility increase

* Note: Due to the regular rebalancing of companies included in the ASX300 index, the performance figures calculated here are for companies included in the ASX300 index the end of 2018.

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FURTHER READING

• 5 ways Sharesight helps Australian investors at tax time
• Why do I need Sharesight with my online broker?
• 7 reasons why Sharesight is better than a spreadsheet