Got cash to invest? Here are 3 ASX shares to buy

There are some ASX shares that could be buys right now including donation tech stock business Pushpay Holdings Ltd (ASX:PPH).
The post Got cash to invest? Here are 3 ASX shares to buy appeared first on The Motley Fool Australia. –

planning growing out of piles of coins, long term growth, buy and hold

If you have you cash to invest then there could be some ASX shares to consider thinking about.

Here they are:

Bubs Australia Ltd (ASX: BUB)

Bubs is a business that manufactures and sells infant formula products, predominately made from goat milk. It also sells organic baby food, grass-fed cow milk infant formula and a range of vitamin and mineral supplements.

The Bubs share price is down around 25% from where it was six months ago. But the company recently provided a trading update for the quarter to December 2020 which showed that sales were recovering.

In the three months to 31 December 2020, group quarterly sales grew by 36% to $12.8 million quarter on quarter. However, sales were still 12% lower than the prior corresponding period.

The ASX share reported that its cross border e-commerce (CBEC) sales went up 27% quarter on quarter and it grew 34% compared to the prior corresponding period. Adult goat dairy gross revenue increased 45% quarter on quarter and it was up 25% over the prior year’s quarter.

Bubs’ infant nutrition portfolio, which represented 57% of the second quarter revenue, saw sales growth of 27% quarter on quarter.

The company boasted that it is the fasting growing infant formula manufacturer across Woolworths Group Ltd (ASX: WOW), Coles Group Ltd (ASX: COL) and Chemist Warehouse with combined retail scan sales at the checkout up 41% quarter on quarter and up 67% over the prior corresponding period.

The corporate daigou trade is softer than pre-COVID-19 levels, but it was up 122% quarter on quarter.

Export sales to markets outside of China continue to strengthen, with sales up 194% quarter on quarter and up 138% compared to the prior corresponding period.

Bubs thinks the quarterly turnaround in sales is a positive indicator for the long-term.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is an ASX share that services the large and medium US church sector.

It offers a variety of tools including donor tools, finance tool and a community app, as well as a church management system to the faith sector. One of the abilities of the technology is a livestreaming option, which is useful during this COVID-19 pandemic.

The company has boasted of continuing operating leverage improvements over the last 12 months, with strong processing volumes. It received better-than-expected donation volumes in December 2020, which caused the business to increase its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) guidance yet again.

EBITDAF guidance was increased again to a range of US$56 million to US$60 million, up from the previous guidance range of US$54 million to US$58 million.

The company also recently advised that it has allocated an initial investment of resources into developing and enhancing the customer proposition for the Catholic segment of the US faith sector. The ASX share said that focused investment into the Catholic segment represents a significant milestone.

At the current Pushpay share price, it’s valued at 23x FY23’s estimated earnings according to Commsec.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

This is an exchange-traded fund (ETF) which looks to provide exposure to a diversified portfolio of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team.

VanEck, the ETF’s provider, says that this portfolio has a high conviction strategy with US shares. The businesses within the ETF are ones that the research outfit believes has a ‘wide economic moat’ after going through Morningstar’s share research process. Target companies must be trading at attractive valuations, relative to Morningstar’s estimate of fair value.

The ASX share gives Aussies exposure to a portfolio of US-listed businesses including: John Wiley & Sons, Charles Schwab, Corteva, Cheniere Energy, Wells Fargo, Blackbaud, Intel, Bank of America, Biogen and Constellation Brands.

It has an annual management fee of 0.49% per annum.

Over the last five years the average total return per annum of VanEck Vectors Morningstar Wide Moat ETF has been just over 17%.

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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BUBS AUST FPO and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Woolworths Limited. The Motley Fool Australia has recommended BUBS AUST FPO, PUSHPAY FPO NZX, and VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Got cash to invest? Here are 3 ASX shares to buy appeared first on The Motley Fool Australia.

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