Insights

3 blue chip shares that smashed the ASX 200 index in FY21

We take a look at 3 growth shares that outperformed the ASX 200 index in the 2021 financial year.
The post 3 blue chip shares that smashed the ASX 200 index in FY21 appeared first on The Motley Fool Australia. –

FY21 has been a positive year for blue chip shares with the S&P/ASX 200 Index (ASX: XJO) rising 20.44%. A great result compared to this time last year when the ASX 200 had plummeted 11 per cent amid the economic impacts of COVID-19.

The index is the benchmark for Australian equity performance as it lists the 200 largest ASX stocks. We take a look at 3 ASX 200 stocks that were growth outliers in FY21.

Netwealth Group Ltd (ASX: NWL)

In the past 12 months, the Netwealth share price has shot up more than 76%. As well as more than tripling the ASX 200 index increase, the company has also exceeded the Australian Capital Markets industry which returned 20.8% over the past year.

It seems Netwealth has been riding the perfect storm. In its half-yearly report, the financial services company increased its funds under administration (FUA) for the half by $7.3 billion, or around 23%, taking its total FUA as at 31 December 2020 to $38.8 billion.

In April, Netwealth released its third-quarter update which showed Netwealth’s FUA had reached $41.8 billion. An increase of $3 billion or 7.8% since the end of December, including a positive market movement of $0.8 billion.

As of 29 June, investment company BlackRock put the average price-to-earnings (P/E) ratio across the ASX 200 at 24.47. Netwealth’s P/E ratio currently sits at 78.53. The Netwealth share price was trading at $16.75 at market close on Thursday.

Goodman Group (ASX: GMG)

The Goodman Group share price increased 34.3% over the past 12 months. The property group also performed well when compared to the real estate investment trust (REIT) industry which returned 24% over the same time.

Goodman is a property services group with a $39 billion market cap. In its half-year results for the six months ended 31 December, the company reported a 16% increase in operating profit to $614.9 million. In addition, demand for its properties were so strong, that the company leased an additional 1.9 million square metres. 

Goodman ended the third quarter on a positive note, its earnings results for that period showing a net property income increase of 3.3% and an occupancy rate standing at 98%.

Goodman’s P/E ratio currently stands at 22.4 which appears a fair value compared to the index. The Goodman share price closed at $21 on Thursday.

Sonic Healthcare Limited (ASX: SHL)

Sonic Healthcare was another top performer in FY21, returning a solid 24% lift over the last 12 months. This beats the ASX 200 index as well as the Australian healthcare industry which increased over the same period by 18%.

Sonic Healthcare is a global pathology and medical imaging provider. In February, Sonic’s half-yearly report was full of positive news including revenue growth of 33% to $4.4 billion, earnings before interest, tax, depreciation and amortisation (EBITDA) growth of 89% to A$1.3 billion and net profit growth of 166% to $678 million.

In June, Sonic took a significant step, by acquiring the Canberra Imaging Group (CIG). The company called this “a positive step” in the development of its imaging division in Australia.

On 30 June, Sonic shares hit an all-time high of $38.51. Despite the growth, Sonic Healthcare is still well-priced according to its P/E ratio of around 19.

The Sonic share price was trading at $38.08 at Thursday’s market close.

The post 3 blue chip shares that smashed the ASX 200 index in FY21 appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

2 ASX 200 shares growing their dividends

2 quality blue chip ASX 200 shares for investors in July

Sonic (ASX:SHL) share price hits all-time high today
Got cash to invest? Here are 2 ASX shares that could be buys

2 high quality ASX 200 shares for a retirement portfolio

Motley Fool contributor Frank Tzimas has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Netwealth. The Motley Fool Australia owns shares of and has recommended Netwealth. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!