Experts are regularly picking out some ASX shares as buys, but it's a smaller group of businesses that analysts think could deliver a total return of more than 20% in less than a year.
Broker UBS has picked out a few names that it not only rates as buys, but could deliver a significant performance that would likely be market-beating.
I'll highlight two of these stocks that don't get many headlines but may deliver both pleasing earnings growth and capital returns.
oOh!Media Ltd (ASX: OML)
UBS describes oOh! Media as the largest out-of-home media company in Australia and New Zealand, with a market share of approximately 40%. It operates a network of tens of thousands of digital and static advertising locations, including roadside, retail centres, airports, train stations, bus stops, office towers and universities.
The broker acknowledged the oOh!Media share price fell after its result because of a 2% earnings miss, a noticeable increase in capital expenditure and revenue growth slowing to 5% in the third quarter of FY25.
UBS believes its lower margins were a one-off impact and unlikely to be repeated going forward. The broker said it's comfortable with the ASX share's capital expenditure increase because it comes off the back of a significant amount of contract wins and ramp-up, which "should be viewed as a positive and supports the stock's growth outlook".
The broker suggests the business is appealing because it could grow operating profit (EBIT) at a compound annual growth rate (CAGR) of 14% over the next three years, which it thinks is attractive considering it's trading at a projected forward price/earnings (P/E) ratio of 11.
UBS is expecting revenue growth of between 6% to 7%, with rising profit margins for the company.
The broker has a price target of $2 on the business, which implies a possible rise of 30% within a year.
Breville Group Ltd (ASX: BRG)
Another business that UBS really likes is Breville, which sells small electrical kitchen appliances through its global product and distribution segments.
The business is currently facing headwinds from tariffs and needs to move production outside of China for its 120V products.
UBS noted that there is a "wide range of potential outcomes" depending on the company's ability to "increase prices (and reduce discounts), improve mix (moving to higher margin retailers) and manage costs".
The broker has a buy rating on the ASX share based on its high growth coffee machine total addressable market, the opportunity to scale in new markets like China and the low level of market penetration should support at least a doubling of sales over the next 10 years.
UBS thinks FY26 represents a transition year and the market should look to the potential from FY26 with operating profit (EBIT) growth of 16%. Utilising production in Mexico could make a big difference, as well as further labour cost savings in geographies outside of China.
According to the forecasts from the broker, the Breville share price is valued at 26x FY28's estimated earnings. The price target of $39.80 implies a possible rise of 22% over the next year.
