There are a few ASX shares that have delivered a lot of growth over the long-term.
Businesses or investments aren't always going to deliver growth – COVID-19 certainly caused a wide range of impacts. But finding long-term ASX shares at the right price could be a good idea for a portfolio.
The below investments have been growing over the long-term and are delivering growth at the moment.
REA Group Limited (ASX: REA)
REA Group is the largest real estate portal business in Australia. It owns and runs realestate.com.au. Other Aussie real estate businesses it runs include realcommercial.com.au, flatmates.com.au and Spacely. The ASX share also has other Australian real estate services such as mortgage broking and property data services.
In Asia it has a number of different investments including iProperty in Malaysia, Squarefoot and SmartExpo in Hong Kong, ThinkgOfLiving in Thailand, Myfun in China, 99 in Singapore and Rumah123 in Indonesia. It has significant investments in PropTiger in India and Move Inc in the USA.
REA Group managed to generate more profit growth in the FY21 half-year result despite all of the COVID-19 impacts to the property market. Whilst revenue was down 2% to $430.4 million, net profit grew 13% to $172.1 million after a reduction of expenses by 13%.
The ASX share continues to see high levels of buyer demand, which could generate growth over the rest of FY21.
However, UBS has a neutral rating on REA Group at the moment, with a price target of $155. On UBS estimates, the REA Group share price is valued at 54x FY21's estimated earnings.
Amcor Plc CDI (ASX: AMC)
Amcor is a global leader in flexible and rigid packaging. It produces a wide array of packaging for food, beverages, healthcare, home products, pet products and so on.
There has been a change to a focus on sustainable packaging in recent times, the ASX share is trying to fulfil that demand. For example, this week it announced it had created Australia's first soft plastic food wrapper made with recycled content.
In the FY21 half-year result it generated 8% growth of its adjusted earnings before interest and tax (EBIT) to $743 million in constant currency terms and adjusted earnings per share (EPS) grew by 16% to 33.3 cents in constant currency terms.
Amcor is currently integrating its Bemis acquisition into the business. It achieved $35 million of synergies in the first half and now it's expecting to achieve $70 million of savings for FY21, the top of its expectations for the whole year.
The ASX share continues to see demand from its consumer and healthcare end markets, whilst growing in emerging markets.
For the rest of FY21 it's expecting to grow adjusted EPS by 10% to 14% in constant currency terms, up from previous guidance of 7% to 12%.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange-traded fund (ETF) ASX share is invested in 100 of the biggest businesses on the NASDAQ in the US.
Many of the world's best tech shares are listed here, so the ETF is benefiting from the long-term growth of shares like Apple, Amazon, Alphabet, Facebook, Microsoft, PayPal, Netflix and NVIDIA. Many of these businesses are generating earnings growth right across the world.
But it's not just tech shares that are listed on the NASDAQ – it's not a tech index. There are also businesses like PepsiCo, Costco, Starbucks, Mondelez International and Moderna in the portfolio.
Past performance is not an indicator of future performance. Over the last five years, Betashares Nasdaq 100 ETF has delivered an average return per annum of 23.7% after the management fees of 0.48% per annum.
