Over the past 12 months, the S&P/ASX 200 (INDEXASX: XJO) is down 11%. But some ASX shares have bucked the trend and recorded major gains. We take a look at the top 10 performers over the past year.
Afterpay Ltd (ASX: APT)
The Afterpay share price is up a massive 136% over the past year. The buy-now-pay-later (BNPL) provider has seen huge growth in customer numbers which has contributed to the rising share price. Last month Afterpay reached 5 million customers in the US, and this month the company recorded more than 1 million customers in the UK.
Perseus Mining Limited (ASX: PRU)
The Perseus Mining share price is up 124% over the past year and made it into the S&P/ASX 100 (INDEXASX: XTO) in the most recent rebalance. The gold miner produced 57,983 ounces of gold in Q3 FY20 and has benefitted from the recent rise in the gold price. The gold price has increased from around A$2,100 an ounce in January to closer to A$2,600 an ounce currently.
Mesoblast Limited (ASX: MSB)
The Mesoblast share price has gained 123% over the past year and joined the S&P/ASX 100 in the most recent quarterly rebalance. The Mesoblast share price has surged since March on speculation its potential treatment for coronavirus will reach commercial production. The company’s stem cell product candidate remestemcel-L has shown promising results in treating chronic obstructive pulmonary disease.
Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)
The Fisher & Paykel Healthcare share price has gained 113% over the past year. The healthcare company announced record results for the New Zealand financial year ended 31 March 2020. Operating revenue increased 18% to $1.26 billion, leading to a 37% increase in net profit which reached $287.3 million. The increase in revenue was primarily driven by growth in the use of Fisher & Paykel Healthcare’s Optiflow nasal high flow therapy, demand for products to treat COVID-19, and strong hospital hardware sales. The company was already on track to deliver strong growth before the onset of coronavirus, then beginning in January demand for respiratory humidifiers accelerated to an unprecedented extent.
Megaport Ltd (ASX: MP1)
The Megaport share price is up 82% over the past 12 months with the company also joining the S&P/ASX 100 this month. Megaport is a leader in the network-as-a-service space, providing connectivity via 601 data centres worldwide. Monthly recurring revenue increased by 19% in March to reach $5.4 million. The technology firm boasts 1,777 customers including Amazon.com, Inc. (NASDAQ: AMZN), Uber Technologies Inc (NYSE: UBER), Facebook, Inc. Common Stock (NASDAQ: FB), BHP Group Ltd (ASX: BHP), and REA Group Limited (ASX: REA).
Domino’s Pizza Enterprises Ltd (ASX: DMP)
The Domino’s share price has gained 79% over the past year. Same-store sales in Australia remained consistent post-COVID-19 at a national level. Stores in Japan and Germany have maintained their strong sales performance, while stores in New Zealand and France have reopened following coronavirus shutdowns. COVID-19 caused some franchisees to pause expansion plans temporarily. The pause affected the timing of store openings and franchising, but not the strategy. Over the medium-term Domino’s plans to increase store numbers by 7%–9% per year and increase same-store sales by 3%–6% per year.
Silver Lake Resources Limited. (ASX: SLR)
The Silver Lake Resources share price has gained 79% over the past year. Another miner to benefit from the rising gold price, Silver Lake Resources produces 65,548 million ounces of gold in the March quarter. The miner also produced 438 tonnes of copper. During the quarter Silver Lake Resources reported record sales of 68,183 ounces of gold at an average price of $2,170 an ounce. All-in sustaining costs of production were $1,380 an ounce. In April the company upgraded its FY20 sales guidance to 250,000 to 260,000 ounces of gold equivalent.
Polynovo Ltd (ASX: PNV)
The PolyNovo share price has gained 72% over the past year. The healthcare company is behind a biodegradable polymer technology with applications in the dermal scaffold, hernia, and breast markets. The value of near-term addressable markets is estimated at US$7.5 billion. Sales revenue increased 129% in 1H FY20 to $8.57 million. Record sales were recorded in the US in March, and Australia and New Zealand are on track for a strong Q3. The company is building a factory to produce its hernia products which is expected to be completed in July 2020. PolyNovo plans to enter the US$1.5 billion United States hernia market in July or August 2021.
JB Hi-Fi Ltd (ASX: JBH)
The JB Hi-Fi share price is up 67% over the past 12 months with sales accelerating during coronavirus lockdowns. In 2H FY20 to date, JB Hi-Fi Australia’s sales are up 20%, while The Good Guys sales are up 23.5%. The strong sales growth has come as customers spend more time working and learning from home. Additional operating costs have been incurred but have been more than offset by elevated sales growth and disciplined cost control. New Zealand stores were impacted by temporary closures which means 2H FY20 sales to date have dropped 19.3%, however, this is a small portion of the company’s overall business. Over the full year, JB Hi Fi has estimated net profit after tax will be $300–$305 million, an increase of 20% to 22% on the prior corresponding period.
Gold Road Resources Ltd (ASX: GOR)
The Gold Road Resources share price is up 64% over the past year, assisted by the surge in the gold price. During Q3 Fy20, its Gruyere mine produced 59,595 ounces of gold and remains on track to meet annual guidance of 250,000 – 285,000 ounces of gold. Gold Road Resources repaid and retired a $50 million working capital facility during the quarter. It ended the quarter in a strong liquidity position with cash and bullion on hand of $115 million. The company’s $100 million revolving credit facility was drawn to $80 million giving Gold Road Resources a net cash position of $35 million.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Kate O'Brien owns shares of Amazon, BHP Billiton Limited, and POLYNOVO FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon and Facebook. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of MEGAPORT FPO and POLYNOVO FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Uber Technologies and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Amazon, Domino's Pizza Enterprises Limited, Facebook, MEGAPORT FPO, and REA Group Limited. 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 Scott Phillips.
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