3 bargain ASX shares you can buy today

The Telstra Corporation Ltd (ASX:TLS) share price is one of three which could be in the bargain zone…

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Whilst I think growth shares like XERO FPO NZX (ASX: XRO) and WiseTech Global Ltd (ASX: WTC) are quality long-term investment options, the sky-high multiples their respective shares trade at are a little too rich for many investors.

With that in mind, I thought I would pick out a few shares which I think could be in bargain territory today. They are as follows:

Dicker Data Ltd (ASX: DDR)

Despite the shares of this wholesale computer hardware company rising 29% in the last 12 months, they still change hands at just over 15x trailing earnings. I think this is great value for a company that has been growing earnings at a strong rate and looks set to profit greatly from the fast-growing cloud marketplace. Furthermore, with management expecting to pay a fully franked 16.4 cents per share this year, it means its shares currently provide a full-year fully franked 6.5% dividend.

Telstra Corporation Ltd (ASX: TLS)

This telco giant certainly divides opinion right now. Whilst the planned cut to its dividend was a disappointment for existing shareholders, I feel the subsequent decline in its share price has been largely overdone and has created an opportunity for new investors. At present Telstra's shares trade at just 10x earnings and provide a forward fully franked 6% dividend. Whilst the post-NBN rollout gap in earnings may be hard to fill, I feel the company could offset this partly through the meteoric rise in mobile data consumption.

Tassal Group Limited (ASX: TGR)

The shares of this leading salmon producer are also changing hands at just 10x earnings. Although agriculture shares predominantly trade on lower-than-average earnings multiples, I still feel this current multiple undervalues Tassal greatly. At the end of last month the company posted an impressive 19.8% increase in statutory net profit after tax to $58.1 million. The good news is that management remains confident that Tassal will continue its growth trajectory and generate increased revenues and operational earnings in FY 2018.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Dicker Data Limited, Telstra Limited, WiseTech Global, and Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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