Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Grace is an investment writer and research contributor with hands-on experience analysing listed companies, financial results, market trends, and long-term investment opportunities.
Her work focuses on making complex financial ideas clear, practical, and engaging for everyday investors. She has a strong interest in equity markets, business fundamentals, long-term investing, and the role quality companies and exchange-traded funds (ETFs) can play in wealth creation over time.
Grace brings a detail-oriented and analytical approach to her writing, supported by her current studies in a Bachelor of Business, majoring in Economics, Finance and Trade. She also brings real-world experience from customer-focused and target-driven environments, which has helped shape her disciplined, deadline-focused approach to research and communication.
Areas of Expertise
ASX-listed companies
Global equities
ETFs
Fundamental analysis
Company earnings
Financial reports
Long-term investing
Compounding
Growth investing
Market trends
Investor education
Education
Grace is currently studying a Bachelor of Business, majoring in Economics, Finance and Trade.
Favourite Investment Quote
“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.”
— Warren Buffett
Published
Great ASX businesses can continue rewarding shareholders long after their shares have delivered a substantial return.
That's why, when I find a company with the potential to grow its earnings and dividends for decades, I'm reluctant to sell it.
In fact, there are three ASX shares I believe have such strong long-term prospects that I wouldn't consider parting with them for anything less than double today's prices.
One of the biggest reasons I rate Wesfarmers so highly is the extraordinary profitability of Bunnings and Kmart.
Its FY26 annual report showed that Bunnings delivered a return on capital employed of 69.2%, while Kmart Group achieved 68.3%.
Those are impressive figures for businesses operating on such a large scale. They demonstrate how efficiently the two divisions generate profits from the capital invested in them.
And I believe both still have room to grow. Bunnings is expanding its commercial operations, where stronger relationships with tradespeople and other professional customers could support repeat sales.
Kmart, meanwhile, is finding ways to improve productivity. In FY26, its sales increased 2.8%, while earnings before tax rose 6%.
What strengthens the long-term case for me is that Wesfarmers has considerably more to offer than those two retailers.
Its FY26 report showed that Wesfarmers Health, which includes Priceline Pharmacy and pharmaceutical wholesaling, increased revenue 9.1% to $6.47 billion.
Although profits are still modest relative to sales, I believe the business has opportunities to contribute more meaningfully to Wesfarmers' earnings over time.
The company also owns Officeworks and a sizeable chemicals, energy and fertilisers division, which generated $473 million in earnings before tax during FY26.
And its investment in the Mt Holland lithium project offers another potential source of growth, although this will depend heavily on commodity prices and successful execution.
Not every division will perform strongly every year. But I believe the profits generated by Bunnings and Kmart give Wesfarmers the financial strength to pursue opportunities across its wider portfolio while continuing to reward shareholders.
That combination of established profitability and multiple avenues for growth is why I would be extremely reluctant to sell my shares today.
And the next two ASX shares give me equally compelling reasons to keep investing for the long term.
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