I'd imagine there are very few of those high-yield ASX 300 shares that are expected to deliver earnings growth of more than 33% between FY26 and FY28, which is what analysts are predicting.

oOh!Media describes itself as a leading out-of-home media company that helps advertisers, landlords, leaseholders, community organisations, local councils, and governments reach large and diverse public audiences.

It has an extensive network of digital and static locations across Australia and New Zealand, including roadside locations, retail centres, airports, train stations, bus stops, office towers, and universities.

The ASX 300 share is projected to pay a large dividend yield

oOh!Media decided to deliver investors a large dividend per share of 6.25 cents in FY25. The final dividend of 4 cents per share represented a year-over-year increase of 14%.

The business said that its full-year dividend payout ratio was 53% of underlying adjusted net profit.

The forecast on CommSec suggests the business could deliver pleasing growth in FY26 (and beyond). In the 2026 financial year, it's projected to increase its payout to 6.3 cents. The annual payment could then rise to 7.4 cents per share in FY27 and 8.1 cents per share in FY28.

Following the 35% decline of the oOh!Media share price in the last six months, the potential FY26 payout now translates into a grossed-up dividend yield of 9.4%, including franking credits, at the time of writing.

That shows the business could provide significant passive income in the next year.

Positives to consider about oOh!Media

There may well be a bit more competition at the moment, but the ASX 300 share operates in a growing sector, which alone could help the business deliver rising profits in the coming years. Scale has its advantages in an industry like this, and oOh!Media is one of the biggest in the sector.

A few weeks ago, when the company gave its FY25 results during the reporting season, it revealed some positive commentary.

It said that it continued to see growth in the 2026 calendar year, with first-quarter media revenue "pacing up 7% in Australia".

oOh!Media expects that out-of-home will continue to take revenue market share from other media sectors.

The ASX 300 share also noted that 2026 capital expenditure will be between $55 million and $65 million, largely funding new advertising assets.

The forecast on CommSec suggests the business is trading at 8x FY26's estimated earnings. Earnings per share (EPS) are projected to rise 34% over two years to 15.5 cents by FY28, which would mean it's valued at just 6x FY28's estimated earnings.

In other words, it seems really cheap, and I think it just needs to deliver a bit of earnings growth to justify a significantly higher share price.

The post This is the ASX 300 share offering a 9% dividend yield! appeared first on The Motley Fool Australia.

In a research note sent to clients this week, the team at Macquarie have named their top pick in the media sector.

Even the companies Macquarie has a neutral rating on are changing hands below its price targets, meaning double-digit gains might still be on the table.

Ad spend weak in October

Macquarie said the Standard Media Index – a measure of Australian ad agency spending – showed that spending for October fell 15% compared to the same month last year, and across the first half of the year to date, spending was down 7%.

Spending in the out of home sector was down 6% for October, while free-to-air TV spending was 16% lower for the month.

Macquarie said further:

The ad market does not look to have seen the expected stabilisation during the December quarter, which generally makes up 27% of volumes. There is however some optimism into early-2026 for improvement, but without clear catalysts, noting: 1) Australia likely moving to a rate hike cycle and 2) booking visibility still short.

Macquarie said that media stocks generally underperformed when rates were rising, but it did name one company it expected to outperform, in oOh!media Ltd (ASX: OML).

For Nine Entertainment Co (ASX: NEC) and Seven West Media Ltd (ASX: SWM), the broker's research team said they remained cautious with regard to free-to-air television advertising spending, "and the need to constantly manage costs to support earnings''.

Revenue set to increase

Positives for oOh!media included an increase in out of home spending of 9% year to date, despite the weakness in October.

Macquarie is predicting 6% year-on-year revenue growth for the company, "supported by positive 1Q26 feedback, although visibility is low, and an Australian rate hike cycle may impact growth''.

The Macquarie team have a price target of $1.45 on oOh!media shares, compared with $1.29 at the close on Tuesday.

With regard to Nine and Seven, Macquarie points out that the FTA TV market has been in structural decline for the past 10-plus years.

Looking at the fourth quarter of 2025, the expected stabilisation of total TV revenues (FTA + broadcast video on demand growth) across the industry does not seem likely as FTA declines (over 80% of volumes) continue to more than offset BVOD. During October 2025, we estimate that total volumes were down 9%-11% and November / December also looks challenging, with Nine recently commenting that 'the total TV market remains soft and very short for the run into Christmas'.

Macquarie said for both Nine and Seven, "further cost initiatives will be paramount to protecting profitability''.

Despite not being bullish on the advertising market, Macquarie's price targets for both shares are above current trading levels, with a target of $1.25 for Nine, against a price of $1.11 on Wednesday, and a price target of 16 cents for Seven, compared with 13.5 cents.

Seven is also currently undergoing a process to merge with Southern Cross Media Group Ltd (ASX: SXL), with the deal announced in late September.

The post Which three media companies could deliver double-digit returns? appeared first on The Motley Fool Australia.

At the time of writing, oOh!Media Ltd (ASX: OML) shares are also trading in the green, up 0.16% for the day at $1.26 a piece.

The ASX All Ords stock has shed 31.6% of its share price since August, after investors reacted poorly to its H1 FY25 results. For the year-to-date, the share price is still 6.05% higher.

Just last week Macquarie Group Ltd (ASX: MQG) tipped a 45% upside for the shares over the next 12 months. But in a note to investors this morning, the broker has revised its expectations on the ASX All Ords media stock.

The media company released a trading update late last week which revealed updated guidance for 2025. The company expects revenue to be slightly below the 2024 calendar year, in the range of $689 million to $694 million and adjusted EBITDA to be $139 million to $142 million including NZ restructuring costs.

Target price cut on oOh!Media shares

The broker has maintained its outperform rating on the shares. But it has lowered its 12-month target price to $1.45, down significantly from the price target of $2 just last week. 

At the time of writing that represents a potential upside of 15.1% for investors.

"Target price =A$1.45/sh (A$2.00/sh previously), based on 12x 12-month forward P/E, which is now a 15% discount to its long-run average (14x). Improved visibility and ad trends would support a higher multiple," the broker said in its new note to investors.

oOh!media has significant operating leverage and the ad market has been see-sawing through 2025, with commentary now suggesting we are through the worst of it. Valuation is attractive, on 10x 12-months forward P/E (vs. 14x through the cycle avg.), and an improved ad market would support a re-rating.

What else did the broker have to say about the ASX All Ords stock?

Macquarie analysts noted that oOh!Media's updated guidance implies 4Q25 will be down a few percent, which is the biggest ad spend quarter. 

Slowing revenues and mix (retail higher margin), will now see the gross margin at around 43% in 2025, whilst operating cost guidance is unchanged ($159 million to $161 million), and results in adjusted EBITDA of $139 million to $142 million in 2025. This is 9% higher than guidance, which was already 9% below Macquarie estimates of $154 million, and 7% below market expectations of $152 million.

We now forecast A$150m 2026 adjusted EBITDA, +8% yoy (previously A$170m); and is based on: 1) A$731m revenues, +6% yoy (+4%pts underlying + 2%pts net new contracts), 2) 43% gross margin, consistent with 2025, and 3) A$161m operating costs, +2% yoy, benefitting from cost-out annualisation.

The post Down 31% since August: This ASX All Ords media stock is tipped to rebound appeared first on The Motley Fool Australia.

Today, we can probably downgrade this ASX All Ords media stock's 2025 from great to good. That's given that oOh!Media, at the time of writing, has fallen almost 25% from that 52-week high. It's still a decent year-to-date performance, though. At $1.38 a share at the time of writing, the company remains up 11.95% since 1 January.

oOh!Media investors are used to volatility. But what might the future hold in store? Could this ASX All Ords stock retest its 52-week high?

Luckily for investors who are pondering that question today, analysts at Macquarie have just taken an in-depth look at oOh!Media shares. Let's see what they've found.

Macquarie rates this ASX All Ords stock as a screaming buy

As you've probably gathered from the headline, Macquarie is extremely bullish on oOh!Media shares. It has given the company an outperform rating, alongside a 12-month share price target of $2.

If realised, that would see oOh!Media stock easily rally back above its current 52-week high and beyond. For an investor who bought in at the current price, that's a potential upside of 44.93%.

This bullish outlook stems from an optimistic forecast of the company's fortunes over the rest of the 2025 financial year and beyond. Macquarie is expecting the ASX All Ords media stock to report a 10% rise in revenues in the second half of the financial year. That's thanks mainly to "benefits from new contracts". That would be on top of the 17% growth oOh!Media reported for the first half.

Macquarie's analysts still warn investors that risks remain, though. They point to threats from competition, as well as broader advertising spending in the economy (which is notoriously volatile), as potential pressure points. Cost management threats and ongoing capital requirements to the business were also mentioned as areas for investors to keep their eyes on.

Even so, this report will no doubt come as a comfort for oOh!Media's investors, and anyone else who is keeping their eyes on this ASX All Ords media stock.

At the current share price, oOh!Media is trading on a price-to-earnings (P/E) ratio of 37.5, with a trailing dividend yield of 4.17%.

The post Macquarie tips 45% upside for this ASX All Ords media stock appeared first on The Motley Fool Australia.

oOh Media is not one of the most recognised names on the ASX, but it's very likely Aussies have seen its presence around the streets, roads and shopping centres of Australia. It describes itself of Australia's number of out of home advertising company. The appeal is because it "can't be stopped, blocked, paused, or skipped."

The company's success is somewhat linked to the overall advertising landscape, so that's something Macquarie keeps a close eye on.

Let's take a look at what experts are seeing with the business and the sector as a whole.

Expert views on the advertising industry

Macquarie highlighted in a note that the Standard Media Index, a measure of Australian agency advertising spending, showed that July spending fell 12% year-over-year, though the 2025 year-to-date spending is still up 1% year-over-year. The last three months have shown a decline of 5% year-over-year.

The broker noted that ASX-listed media companies have talked about a slow third quarter of 2025, though there are "suggestions that trends improve sequentially" in the fourth quarter of 2025. This could be good news for the ASX All Ords stock

However, within that mixed bag, out-of-home continues to outperform other categories and is the fastest-growing, with 2025 year-to-date showing a rise of 11% year-over-year. Over the 12 months to July 2025, it has a market share of 16%, representing an increase of 1.1 percentage points year over year. However, the month of July 2025 saw a decline of 8% (better than the overall advertising market). The last three months have shown a 4% year-over-year rise.

Macquarie said it's "constructive" on the outlook for Australian advertising spending. It also pointed out that rate cuts may provide a tailwind for the industry with improved consumer confidence and spending.

Why is Macquarie bullish on the ASX All Ords stock?

The broker said:

We continue to see the out-of-home category as a structural winner, with ongoing challenges within free-to-air TV, radio and print, and of which supports oOh!media as our top pick…within traditional media.

The broker is forecasting revenue growth of 10% in the second half of FY25, compared to growth of 17% in the first half. Macquarie is forecasting advertising spending growth of 7.5% in the fourth quarter of 2025. The broker also points to benefits from new contracts, with "possible upside" from the Transurban Group (ASX: TCL) contract.

Macquarie has a buy/outperform rating on the ASX All Ords stock, with a price target of $2. That implies a possible rise of almost 40% from where it is today, which could be a very large return if it plays out.

The post Macquarie names top ASX All Ords stock with 40% upside appeared first on The Motley Fool Australia.

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.

The post 2 ASX shares buy-rated by experts that could take off appeared first on The Motley Fool Australia.

A recent report into the media sector rates oOh media as outperform, while the more diversified Nine Entertainment Co. Holdings Limited (ASX: NEC) and Seven West Media Limited (ASX: SWM) attracted a neutral rating.

The Standard Media Index, a measure of Australian agency ad spend, showed that July spend fell 12% year on year, which brings 2025 year to date to +1% year on year, and the past three-months down 5% year on year. For context, ASX listed media companies have talked to a slow 3Q25, but with suggestions that trends improve sequentially in 4Q25.

In contrast to the broader market, the out of home sector where oOhmedia "continues to outperform other categories" is up 11% so far this calendar year, Macquarie analysts said.

July 2025 out-of-home ad spend dropped 8% YoY (2025 YTD growth = +11%); however, given month-to-month volatility the trailing three-month average is a better measure in our view and is +4% YoY – this compares to the total ad market which has dropped 5% in the same period.

The broker has a target price of $2 on oOh Media compared with the current price of $1.67. It expects Seven West Media shares to appreciate marginally to 16 cents from 14 cents. In contrast, the broker expects Nine Entertainment Co. shares to fall sharply to $1.25 from $1.75.

Macquarie says it remains positive around advertising spending overall, with industry feedback suggesting a strong finish to the calendar year, particularly given the likelihood of another official interest rate cut in November bolstering consumer spending.

We continue to see the out-of-home category as a structural winner, with ongoing challenges within free-to-air TV, radio and print, and of which supports oOh!media as our top pick within traditional media. Importantly, out-of-home trends are expected to improve in 4Q25 (albeit with low visibility) with agency feedback talking to improvements and with rate cuts expected to support improved consumer sentiment/spending.

Macquarie said Nine Entertainment Co. and Seven West Media were both at risk from the structural decline of the print sector and the uncertainty around macroeconomic conditions more generally.

The broker said both also faced risks from potential wins and losses in sporting rights and other content in a competitive market.

The post Can you guess Macquarie's top pick in the ASX media sector? appeared first on The Motley Fool Australia.

Shares in the ASX All Ords media stock tumbled by 10% during the session, sliding from Friday's close of $1.77 per share to finish at $1.59 apiece by the end of trading.

The sell-off stemmed from the group's first-half FY25 results which appeared to fall short of expectations.

However, there could be a silver lining.

Renowned investment bank Macquarie Group Ltd (ASX: MQG) has now chipped in with its views on oOh!Media's results – and the analysis offers encouragement for investors.

But before we get to Macquarie's verdict, let's first step through oOh!Media's performance over the first half of the financial year.

What happened?

oOh!Media specialises in out-of-home (OOH) advertising – a sector covering billboards, bus shelters, digital screens, and other high-visibility formats in busy public spaces.

All up, the group manages a network of more than 35,000 sites across Australia and New Zealand, spanning roadsides, shopping centres, airports, and others.

For the first half of FY25, the ASX All Ords media stock delivered a solid set of numbers.

Revenue of $336.2 million jumped by 17% year over year.

Adjusted gross profit climbed by 13% to $140.6 million, and underlying operating earnings (EBITDA) increased by 27% to $62.2 million.

Most impressively, adjusted underlying net profit after tax (NPAT) of $26.5 million bolted by 46% from the same time last year.

Shareholders were also rewarded with a fully franked interim dividend of 2.25 cents per share, marking a 29% increase from the previous corresponding period.

So, with the numbers on the table, how does Macquarie view the ASX All Ords media stock?

Let's find out.

Macquarie has its say

Firstly, oOh!Media's half-year revenue growth of 17% came in 4% ahead of Macquarie's forecasts – and above management's prior guidance.

The broker also highlighted the company's new contract win with Transurban, which is expected to contribute some $22 million in annual revenue.

Macquarie is now forecasting revenue for the full financial year to come in at $154 million. This represents 20% year-over-year growth but is 3% lower than its past prognosis.

However, it noted that NPAT for the half year came in slightly below expectations, despite the sharp year-over-year jump.

It now projects NPATA for FY25 to come in at $71 million – a 5% downtick from earlier estimates.

That said, the broker upgraded is forecasts beyond FY25 after incorporating oOh!Media's new contract wins worth $90 million between FY24 and FY27.

It believes the ASX All Ord media stock is now positioned to deliver average annual revenue growth of about 9% through to FY27, which could support further growth in NPAT.

In turn, Macquarie placed an outperform rating on oOh!Media shares with a 12-month price target of $2.00 per share.

This implies potential gains of 19% from $1.68 per share at the time of writing.

The post Macquarie tips 19% upside for this ASX All Ords media stock after reporting day appeared first on The Motley Fool Australia.

The company's share price climbed from $1.19 apiece in early January to close out last week at $1.77 per share.

This rally represents an impressive 49% gain in less than eight months.

In contrast, the All Ordinaries Index (ASX: XAO) grew by 8.8% over the same period.

But today is proving more challenging for shareholders in this ASX All Ords media stock.

It appears the market hasn't responded warmly to the company's results for the first half of FY25 (H1 FY25) released this morning.

Shares in oOh!Media are changing hands at $1.60 apiece at the time of writing, marking a 10% dip from Friday's close.

Let's take a closer look at how the first six months of the year unfolded for the company.

Innovative advertising business

Firstly, oOh!Media is a leading player in the out-of-home (OOH) advertising sector – a channel designed to engage consumers while they're on the move.

This includes billboards, bus shelters, and digital displays in high-traffic public spaces.

And oOh!Media operates a network of more than 35,000 digital and static sites across Australia and New Zealand, spanning roadsides, shopping centres, airports, train stations, and universities.

According to the company, OOH is the fastest-growing advertising sector, having captured a record 16.5% share of agency media in H1 FY25.

Results in focus

oOh!Media appears to have unveiled a solid set of numbers for the half-year, despite today's fall in its share price.

The ASX All Ords media stock reported $336.2 million in revenue for H1 FY25 – up by 17% from the same time last year.

This growth was driven by three formats of advertising: Road, Street Format and Rail, and Fly.

Road revenue of $120.3 million jumped by 19% from the previous corresponding period. Street Format and Rail revenue grew by the same amount to clock in at $108 million. And Fly revenue soared by 43% to reach $31.8 million.

This momentum translated into higher earnings.

Adjusted gross profit climbed by 13% to $140.6 million, with new contract wins contributing about 20% of total revenue growth.

Underlying operating earnings (EBITDA) also increased by 27% to $62.2 million.

And adjusted underlying net profit after tax (NPAT) of $26.5 million lifted by 46% from the same time last year.

The board of directors declared a fully franked interim dividend of 2.25 cents per share for the half year, up by 29% from a year ago.

This stemmed from the company's strong earnings performance, improved financial position, and management's confidence in the business outlook.

oOh!Media managing director and CEO, Cathy O'Connor, said:

Out of Home remains the best performing channel in Australian media, and with our market leading portfolio of over 35,000 assets reaching 98% of metropolitan Australians weekly, we are well positioned to continue our strong momentum in a rising market.

Leadership changes

The ASX All Ords media stock will soon have a new captain steering the ship, with Cathy O'Connor set to step down after more than four years leading the company.

She will be replaced by newly appointed managing director and CEO, James Taylor, who is expected to commence his role in late 2025 or early next year.

Mr Taylor is currently the managing director of Australia's multicultural broadcaster, Special Broadcasting Service (SBS).

What next for the ASX All Ords media stock?

Looking ahead, management noted that media revenue in the third quarter of FY25 is tracking 5% higher year on year, despite a soft start to July.

The company expects to gain further market share over the remainder of the year as new assets come online, excluding retail and New Zealand.

That said, oOh!Media's share of the Australian and New Zealand OOH market edged down in H1 FY25, slipping from 35.8% to 35.4% year over year.

On the profitability front, adjusted gross margin is forecast to improve to around 44% for the full year.

Capital expenditure is anticipated to range between $53 million and $63 million, with investment priorities focused on delivering revenue growth and nailing down concession renewals.

More broadly, management expects OOH advertising to keep gaining share from other media formats.

It projects the sector to expand at a mid-to-high single-digit growth rate in H2 FY25.

The post Guess which ASX All Ords media stock is tumbling 10% today? appeared first on The Motley Fool Australia.

Macquarie just reiterated its Outperform rating on the out-of-home advertising company, with a 12-month price target of $2.00, implying an 17% total shareholder return from the current share price of $1.71.

Let's dig into why oOh!media is back in the spotlight.

A rare bright spot in traditional media

While free-to-air TV and newspapers are fighting for relevance, out-of-home (OOH) advertising is quietly staging a comeback. According to Macquarie, the OOH sector grew 18% year-on-year in 1H25, outperforming most other ad formats. For oOh!media specifically, revenue for the first half of 2025 is expected to be up 13%.

Macquarie believes that growth in this sector has been stimulated by lower interest rates which are having a flow on effect on greater ad spend. The broker is forecasting 10% revenue growth for FY25, with a solid 3-year EPS compound annual growth rate (CAGR) of 12% to follow.

The benefit of operating leverage

What makes this story even more compelling is oOh!media's cost discipline.

While top-line growth is healthy, operating costs are expected to remain flat, unlocking operating leverage. That means more of every new dollar of revenue earned should flow through to profits.

Even after losing a major contract with Auckland Transport contract (which Macquarie believes was contributing $25 million in revenue and $8million in EBITDA) the outlook remains strong.

Macquarie are forecasting a phenomenal 52% year-on-year growth for OohMedia! when it reports 1H25 results in August.

Valuation

Macquarie sees value in oOh!media's current multiple of 12.6x forward earnings, below its long-run average of 14x and also below the average for the ASX300 Industrial index. With margins expanding and free cash flow improving, there's a plausible case for a valuation re-rating.

The broker's quant model also ranks oOh!media favourably on valuation, momentum, and analyst revisions, even if quality metrics are somewhat weaker due to earnings volatility.

The Foolish bottom line

oOh!media isn't a flashy tech play or an AI darling but it's executing well in a forgotten corner of the media landscape. There is a lesson in there about being open to finding where opportunity hides across different sectors.

With strong earnings momentum, cost control, a supportive macro tailwind and a below average valuation, oOh!media could surprise to the upside.

Macquarie certainly thinks so.

The post Guess which ASX All Ords media stock Macquarie expects to rise 17% over the next 12 months? appeared first on The Motley Fool Australia.

The promising stock in question is media and advertising company oOh!Media Ltd (ASX: OML).

oOh!Media shares closed up 1.82% on Wednesday, trading for $1.68 apiece.

That sees shares in the ASX All Ords stock up 42.37% in 2025, racing ahead of the 4.15% gains posted by the All Ords over this same time.

Atop those impressive year-to-date gains, oOh!Media shares also trade on a 3.13% fully franked trailing dividend yield.

And if Macquarie has it right, oOh!Media could continue to charge ahead of the benchmark in the year ahead.

Why this ASX All Ords stock could keep charging higher

In a research report released on Monday, Macquarie's analysts sounded a positive note on the growth outlook for out-of-home advertising spending.

Noting that April's data was impacted by a boost in political advertising spending ahead of the Federal election, the broker said that Australian ad spend grew 3% year on year over the month. Ad spend was tracking at 4% growth year to date.

As for ASX All Ords listed oOh!Media, Macquarie said that out-of-home ads lead traditional media categories' performance, with 14% growth in 2025 year to date (13% growth in April).

Out-of-home ads, which encompass formats such as billboards, posters, and digital displays, now hold a market share of 16% in Australia. That's up 1.4% year on year.

According to Macquarie, "We continue to see out-of-home as a structural winner in traditional media [free to air TV, radio and print], which supports our outperform rating on oOh!Media."

The broker has a 12-month price target of $2.00 per share on that ASX All Ords stock. That represents a potential upside of 19% from yesterday's closing price. And it doesn't include those upcoming dividends.

Separately, Macquarie maintained its neutral rating on Seven West Media Ltd (ASX: SWM) shares. The broker has an 18 cent per share 12-month price target on the multimedia company, which is 16% above Wednesday's closing price.

What's the latest from oOh!Media?

The ASX All Ords media company held its annual general meeting (AGM) on 15 May.

oOh!Media chair Tony Faure opened the meeting by noting, "oOh! is well positioned for future profitable growth."

Faure added:

In a rapidly changing media landscape, the out-of-home advertising market continues to experience structural growth, even as other traditional channels face ongoing challenges.

Our network is the largest and most diverse in Australia and New Zealand, reaching over 98% of metropolitan Australians each week and comprises more than 35,000 premium assets.

The post Why Macquarie forecasts this ASX All Ords media company is set to surge 19% appeared first on The Motley Fool Australia.

Businesses with smaller market capitalisations aren't followed by as many fund managers or brokers, so there's a higher chance they're undervalued by the market.

The fund manager Wilson Asset Management (WAM) has named two companies with market capitalisations under $1 billion that look like they're mispriced opportunities. These stocks are two of the 20 largest positions inside the WAM Active Ltd (ASX: WAA) portfolio.

WAM aims to look for a catalyst that could raise the share prices of these businesses. A catalyst could be a major event that alters the market's perception of the company or its earnings (potential), sending the share price higher.

Let's get into which two ASX small-cap shares have been named as ideas.

oOh!Media Ltd (ASX: OML)

WAM described oO!Media as a leading out-of-home media company that connects businesses with public audiences.

In February, the company announced its full-year results for the 12 months to December 2024. This included total revenue of $636 million and adjusted operating profit (EBITDA) of $129 million, which was in line with the December 2024 trading update.

The fund manager explained why it's a position in the portfolio with the following:

We were pleased to see that the momentum in performance has accelerated in CY2025 to date, and oOh!media's commitment to delivering best-in-class services and assets to its clients will drive future market share.

In terms of the outlook, the company said its revenue had grown 14% in 2025 to date in February, while the first quarter media revenue grew 14% year over year. The ASX small-cap share is expecting revenue and market share growth, with further tailwinds expected from future interest rate cuts and overall market growth.

Integral Diagnostics Ltd (ASX: IDX)

WAM described this ASX healthcare share as a business that provides diagnostic services to patients.

It was noted by WAM that Integral Diagnostics recently reported its FY25 half-year result in February, which "fell short of market expectations". This led to a decline in the Integral Diagnostics share price – it dropped 31.7% last month.

The ASX small-cap share reported a statutory loss after tax of $0.4 million due to a continuing clinical staff shortage and labour costs that were higher than expected due to inflation, especially in regional Australia.

Explaining why the fund manager thinks this business is an opportunity, WAM said:            

Despite these challenges, we were pleased to see solid revenue growth and believe that the previously completed merger with Capitol Health will provide integral Diagnostics with increased scale, improving margins and driving growth in metropolitan areas.

The post 2 ASX small-cap shares to buy with big potential appeared first on The Motley Fool Australia.

oOh!Media Ltd (ASX: OML) is one such ASX All Ords share.

This outdoor advertising stock was going for $1.38 a share this time last year. But today, those same shares are currently 5.4% lower than that price, currently trading at $1.30.

Even worse, Ooh!Media stock has fallen a nasty 20.6% over 2024 to date, going off the $1.65 share price this company started January at.

Long-term investors have done even worse. This ASX All Ords stock last hit an all-time high way back in 2016, when Ooh!Media closed in on $4.50 a share. Since that high watermark, investors would be down more than 70%.

But this laggardly share price performance has attracted the eye of one ASX expert. This expert thinks that this company's recent poor run of fortune has left Ooh!Media stock looking "extremely undervalued".

Fund manager calls "the most undervalued" ASX All Ords stock

Nick Sladen, co-portfolio manager of the LSN Capital Emerging Companies Fund, recently spoke to the Australian Financial Review (AFR). As the report states, Sladen identified Ooh!Media as the "most undervalued" stock in the markets right now, despite "things improving inside the company".

Sladen points out that the Ooh!Media share price is "trading on a very cheap 11 times price-to-earnings ratio", which is "well below what it traded on for many years before COVID-19". Given Ooh!Media is one of the two major market players in its space, Sladen reckons "this seems far too low".

He points to the company's "hard to replicate" advertising real estate assets across rail lines, airports, roads and office space as one of the company's inherent strengths. Sladen also likes how Ooh!Media has digitised many of its billboards in recent years, which has "improved yield and profitability" as well as gross margins.

The fund manager is anticipating that Ooh!Media will continue to succesd going forward, pointing to likely new contracts, as well as contracts at "Sydney metro rail and Woollahra street furniture".

No doubt Ooh!Media's long-suffering shareholders will be delighted to hear these bullish views on this ASX All Ords stock. But we'll have to see what happens.

At the current Ooh!Media share price, this ASX All Ords stock is trading on a market capitalisation of $705.8 million, with a dividend yield of 4.02%.

The post Why this ASX All Ords stock is 'extremely undervalued' right now appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Appen Ltd (ASX: APX)

The Appen share price is up a further 4% to $1.04. This artificial intelligence data services company's shares are rising for a second day in a row despite there being no news out of it. However, with its shares being sold off heavily in recent sessions, some investors may believe that this has created a buying opportunity. Especially given its much-improved performance during the first half of FY 2024. The Appen share price remains down approximately 25% since 23 August.

GPT Group (ASX: GPT)

The GPT Group share price is up 3% to $5.05. This is likely to have been driven by the release of a broker note out of Morgan Stanley this morning. According to the note, the broker has upgraded this property company's shares to an overweight rating with an improved price target of $5.60. Morgan Stanley thinks that GPT Group would be a great option for investors that are looking for low risk exposure to the real estate sector. Particularly given its expectation for occupancy rates to trend higher from here.

Nextdc Ltd (ASX: NXT)

The Nextdc share price is up 8% to $17.34. This may have been driven by excitement in the data centre space following the sale of AirTrunk this week. Private equity giant Blackstone is paying approximately $24 billion to acquire the NextDC rival. Last month, analysts at Morgans put an add rating and $20.50 price target on NextDC's shares. They said: "NXT's FY24 result was slightly stronger than expected while FY25 guidance was slightly lower than expected due to a slower ramp-up in revenue and faster ramp-up in scale-up costs, positioning the business for significant expansion."

oOh!Media Ltd (ASX: OML)

The oOh!Media share price is up 4% to $1.30. This could have been driven by a broker note out of Goldman Sachs this morning. Although the broker only has a neutral rating on the media and advertising company's shares, it sees plenty of value in them with its $1.50 price target. It said: "While we are (1) positive on the outlook for the OOH sector and expect continued share growth as a % of the ANZ ad market; and (2) see valuation support (vs. Global OOH peers) we see a difficult 12m ahead for OML given: (1) Broader headwinds for the advertising market (given macro uncertainty) which are likely to drag on revenues; and (2) Elevated contract re-tenders driving lower GP margin."

The post Why Appen, GPT, NextDC, and oOh!Media shares are charging higher today appeared first on The Motley Fool Australia.

One such company is Airtasker Ltd (ASX: ART). It claims to be Australia's leading online marketplace for local services, connecting people and businesses that need work done with people who want to work.

Airtasker shares have been trending higher in the last couple of weeks, as shown in the chart above. I believe there is plenty more to come over the long term.

High gross profit margin

Airtasker has an enormous gross profit margin of more than 90%, which means that almost all of its revenue turns into usable gross profit. With gross profit, the business can spend on growth activities such as advertising and development while also potentially achieving stronger cash flow and better earnings before interest, tax, depreciation and amortisation (EBITDA) margin.

The business is now achieving profit rather than losses, which is an important milestone.

In the third quarter, Airtasker achieved a positive free cash flow of $2.5 million, an improvement of $5.1 million year over year. The group EBITDA was $0.6 million in the third quarter, up $1.5 million compared to the prior corresponding period.

Thanks to growing scale benefits, I think the cash flow margin and EBITDA margin can significantly increase in the coming years.

Strong revenue growth

With good margins, the ASX small-cap share just needs to grow its revenue to deliver good financial progress.

The business revealed its group revenue was $12.2 million in the third quarter of FY24, with Airtasker marketplace revenue growing by 11.5% to $10.1 million.

The company said the revenue growth was driven by a "recovery in consumer demand (posted tasks) from the prior year as well as successful funnel optimisation programs, including a revised cancellation policy designed to improve platform reliability and address task leakage."

Those programs saw cancellations reduce by 23.9% year over year, resulting in the 'monetisation rate' improving by 12.8% year over year to 20.5% for the ASX small-cap share.

Airtasker recently made agreements with media businesses oOh!Media Ltd (ASX: OML) and ARN Media Ltd (ASX: A1N) for $11 million to grow its brand awareness.

Large addressable market

Users can advertise almost any task on Airtasker, including removalists, home cleaning, furniture assembly, deliveries, gardening and landscaping, painting and other handyperson work, business and admin, photography, and many more. There are many categories with a high annual value of work.

Airtasker is growing rapidly in the United Kingdom — a much bigger market than Australia — partly thanks to its partnership with Channel 4. In the FY24 third quarter, UK posted tasks increased by 49.1% year over year.

It has a smaller presence in the United States, but it's growing there too. FY24 US gross marketplace value (GMV) went up 23% from a small base. It's seeing "healthy growth" in marketplace activity while "maintaining a disciplined approach to investment" as it explores "several media partnership opportunities."

I think the international growth could power this ASX small-cap share much higher.

The post Why I'm bullish about this exciting ASX small-cap share appeared first on The Motley Fool Australia.

In Australia, as an example, consumers and businesses have endured 12 interest rate rises in 14 months. Yet somehow unemployment is still at historical lows.

This is not just a problem for central banks that are trying to tame inflation. It also triggers much bemusement among investors.

Right now, the economic uncertainty is making it very difficult to work out which ASX shares may provide positive returns over the coming period.

Thankfully, experts who have far more time to research such matters can provide some guidance:

The ASX sector ready to rocket

Wilson Asset Management senior equity analyst Shaun Weick, in a memo to clients, this week revealed a significant pivot for his fund.

"Over the past few months, the WAM Capital Limited (ASX: WAM) investment portfolio has been slowly increasing its weighting to companies exposed to the consumer. 

"It is our view that the 2024 financial year will represent a bottoming of earnings, with growth set to recommence from 2025."

Weick explicitly named Harvey Norman Holdings Limited (ASX: HVN), Lifestyle Communities Ltd (ASX: LIC), and oOh!Media Ltd (ASX: OML) as examples of businesses that have "future potential earnings upgrades" ahead of them.

Why this consumer stock is so cheap at the moment

Weick cited department store Harvey Norman as "the best example" of a company that will benefit from improving consumer sentiment.

And right now, after dropping 13.3% over the past year, the shares can be picked up for dirt cheap.

"Harvey Norman has an extensive property portfolio that underpins its net tangible assets (NTA) of $4.9 billion, which is slightly higher than its current market capitalisation of $4.7 billion," said Weick.

"This means investors can currently access Harvey Norman's extensive retailing business, which is set to generate approximately $670 million of profit before tax in the 2023 financial year, at an attractive discount."

To demonstrate how rare this opportunity is, he pointed out how there have only been two other times over the past 15 years when the Harvey Norman share price has traded at such a discount to its assets.

"[They were] the growth of e-commerce in 2012 and 2013, and when the pandemic impacted the market in 2020."

Oddly, the majority of analyst forecasts show earnings per store to be lower in 2025 than in 2019.

"We believe that the current environment is more favourable than 2019 and for these reasons we are confident on the potential for future upgrades to 2025 earnings expectations."

The post Pssst… The ASX sector set to boom in the next 18 months appeared first on The Motley Fool Australia.

But investors seem to have mellowed as the day has gone on. After being down by 0.7% in early trading, the Index has recovered somewhat and is now almost flat at 7,196.9 points at the time of writing.

But rather than trying to figure all of that out, let's instead take a glance at the ASX 200 shares that are presently at the top of the share market's trading volume charts, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

Our first ASX 200 share worth a look at today is the lithium stock Pilbara Minerals. This session has had a decent 13.85 million Pilbara shares exchanged on the markets thus far. There hasn't been any fresh news out of Pilbara thus far. However, the company's shares have still shown some of their trademark volatility.

Pilbara has had a very bouncy day indeed. The lithium producer is currently up by 0.95% at $4.24 a share but has fluctuated between $4.21 and $4.29 a share all day. It's this volatility that probably explains the high volumes we are seeing.

Ooh!Media Ltd (ASX: OML)

Next up we have ASX advertising company Ooh!Media to examine. So far today, a notable 14.72 million shares of this company have changed hands. This volume is almost certainly a result of the truly awful week Ooh!Media has had. 

Yesterday, we covered how the company lost around a third of its value after posting a poorly-received trading update. The pain continues today, with Ooh!Media shares down another 5.48% to $1.17 each right now. No wonder so many shares are flying around.

National Australia Bank Ltd (ASX: NAB)

Our final share is a rare guest appearance today. ASX 200 big four bank NAB is currently at the top of the ASX 200's volume charts at present, with a sizeable 17.54 million shares bought and sold. NAB is here for a good reason. It has seen a nasty sell-off today after posting a difficult earnings report.

As we covered at the time, this saw NAB announce lower-than-expected earnings and dividends for the six months to 31 March 2023.

Investors were quick to send NAB down by more than 7% this morning, but have since tempered their disappointment, with the bank now down by 5.7% at $26.92 a share. It's this sell-off that almost certainly explains this elevated trading volume that we are seeing.

The post Here are the 3 most heavily traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Genesis Minerals Ltd (ASX: GMD)

The Genesis Minerals share price is down almost 5% to $1.29. This is despite being no news out of the gold developer and the rest of the industry charging higher today. However, the company has paused its shares from trade this afternoon, which could be an indication that some news is on the way shortly.

National Australia Bank Ltd (ASX: NAB)

The NAB share price is down almost 6% to $26.92. Investors have been hitting the sell button after this banking giant's half-year results disappointed the market. As well as falling short of consensus expectations with its earnings, NAB's result appears to indicate that its net interest margin has peaked sooner than expected. This is putting pressure on the sector as a whole on Thursday.

oOh!Media Ltd (ASX: OML)

The oOh!Media share price is down a further 5% to $1.18. This media company's shares have been hammered this week after it advised that it experienced a "softening media market at the end of Q1 and into Q2 due to a decline in the broader macroeconomic environment in Australia and New Zealand." Unfortunately, things look unlikely to improve quickly, with management warning that April was "particularly soft."

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price is down 8% to $12.39. This follows the release of the retail conglomerate's trading update after the market close yesterday. While Super Retail reported slowing growth across its numerous brands, it is still growing at a solid rate compared to some companies. It seems that some investors were expecting even stronger growth. Rising costs may also be a concern for investors.

The post Why Genesis Minerals, NAB, oOh!Media, and Super Retail shares are sinking today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are tumbling:

Amcor (ASX: AMC)

The Amcor share price is down 10% to $14.91. This follows the release of the packaging company's quarterly update. Amcor reported a 34% decline in quarterly net income to US$177 million. This led to management downgrading its earnings guidance for the full year. It now expects to deliver earnings per share of between 72 to 74 US cents, which is down from its previous guidance of 77 to 81 US cents.

oOh!Media Ltd (ASX: OML)

The oOh!Media share price is down 24% to $1.24. Investors have been hitting the sell button after the company advised that it experienced a "softening media market at the end of Q1 and into Q2 due to a decline in the broader macroeconomic environment in Australia and New Zealand." Management also warned that April was "particularly soft."

Ramsay Health Care Ltd (ASX: RHC)

The Ramsay share price is down 6% to $61.25. This follows the release of the private hospital operator's third-quarter update. Ramsay reported that its financial year-to-date EBITDA is up 6.6% over the prior corresponding period to $1,468.6 million. Investors appear to have been expecting a stronger performance.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down over 2.5% to $32.52. Investors have been selling Woodside and other energy shares on Wednesday after oil prices crashed overnight. Traders were selling oil on concerns that fuel demand could suffer if central banks in the U.S. and Europe raise interest rates again this week.

The post Why Amcor, oOh!Media, Ramsay, and Woodside shares are falling today appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200  has fallen by a nasty 1.26%, putting the Index at 7,176 points. 

But let's not let all of that ruin our Wednesdays. So Instead, let's take stock of the shares that are currently at the top of the ASX 200's share trading volume charts, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Wednesday

Whitehaven Coal Ltd (ASX: WHC)

The first share up today is the ASX 200 coal miner Whitehaven. This Wednesday has seen a decent 11.56 million Whitehaven shares change hands as it currently stands. There hasn't been any major news out of Whitehaven today.

But that hasn't stopped the company from having a bit of a bouncy day. Whitehaven has spent time in both positive and negative territory but is currently down by 0.55% at $7.18 a share. This erratic showing today seems to be behind these high volumes.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have ASX 200 lithium share Pilbara Minerals. So far this session, a notable 20.09 million Pilbara shares have swapped owners on the markets.

Unlike most ASX 200 shares, Pilbara is happily defying the market sell-off today, currently posting a healthy 2.56% gain to $4.205 a share. With no significant news out of Pilbara today either, it's probably this gain that we have to thank for the lithium stock's presence in this list.

Ooh!Media Ltd (ASX: OML)

Finally, let's discuss outdoor advertising company Ooh!Media. A whopping 28.62 million Ooh!Media shares have been bought and sold at this point of the trading day. This one isn't too hard to figure out. Ooh!Media is having a shocker.

The company is currently down by more than 23% after posting a poorly received trading update to investors this morning. With a sell-off of that scale, it's no surprise to see Ooh!Media topping out today's volume charts.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.