2014

CORPORATE
PERFORMANCE
REPORT
ASX TOP 100 / 200

QUANTITATIVE VERSION

2014 EAST COLES CORPORATE PERFORMANCE REPORT

INTRODUCTION
This is the 8th East Coles Australian Corporate Performance Report and was
conducted in association The Australian and available on Bloomberg. This Report
analyses corporate performance utilising feedback from both fund managers and
brokers.
East Coles understands that research of this kind has a responsibility to the
Australian financial markets, and as such East Coles takes all possible precautions
and actions to ensure this responsibility is met. The validity of our data presented in
the public domain is a primary concern.
We set out to obtain a minimum of ten (10) responses per stock and finished with
an average number of responses per stock of around fifteen (15). There were fiftyfour (54) individual respondents in all, comprising seventeen (17) from the sell-side
and thirty-seven (37) from the buy-side. These respondents came from eight (8)
brokerage houses and eighteen (18) funds management firms. Voting closed after a
three-month voting period, running primarily through December 2013 to February
2014. The Australian publication date was March 26, 2014.

METHODOLOGY
Guiding principles
The East Coles methodology aims to accurately reflect the views of the investment
community on stock performance. We applied this principle by firstly consulting
with corporates, brokers and fund managers to identify categories of corporate
performance of greatest relevance and importance.

Questionnaire development
Corporate performance is broken down into a range of relevant categories, with
each stock rated across these categories by both buy and sell side equities analysts.
This involved inviting fund managers and brokers to rate the stocks they covered
with scores on a scale of 1 to 10 across the various performance categories.

The East Coles Client Pages

East Coles has three Client Pages for institutions, corporations and stockbrokers.
These pages were created so that respondents in each major area could complete
Questionnaires on-line. The Institutional and Stockbroking Client Pages each
functioned as a secure hosting environment for the East Coles Corporate
Performance Questionnaire. Excel Questionnaires were also emailed to
respondents.
Page 2 of 5

2014 EAST COLES CORPORATE PERFORMANCE REPORT

TOP 3 RANKINGS
ASX NEXT 100
Best Company
Rank

Code Stock

Company Category

Company GICS

Mkt Cap

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

DMP

DOMINO'S PIZZA ENTERPRISES LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

IVC

INVOCARE LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

Effectiveness of CEO
Rank

Code Stock

Company Category

Company GICS

Mkt Cap

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

DMP

DOMINO'S PIZZA ENTERPRISES LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

IVC

INVOCARE LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

Effectiveness of Board
Rank

Company Category

Company GICS

Mkt Cap

Code Stock
REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

MFG

MAGELLAN FINANCIAL GROUP LIMITED

FINANCIALS

Diversified Financials

Top 200

QUB

QUBE LOGISTICS HOLDINGS LIMITED

INDUSTRIALS

Transportation

Top 200

Effectiveness of CFO
Rank

Code Stock

Company Category

Company GICS

Mkt Cap

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

MRM

MERMAID MARINE AUSTRALIA LIMITED

INDUSTRIALS

Transportation

Top 200

BRG

BREVILLE GROUP LIMITED

CONSUMER DISCRETIONARY

Consumer Durables & Apparel

Top 200

Credibility
Rank

Code Stock

Company Category

Company GICS

Mkt Cap

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

QUB

QUBE LOGISTICS HOLDINGS LIMITED

INDUSTRIALS

Transportation

Top 200

DMP

DOMINO'S PIZZA ENTERPRISES LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

Page 3 of 5

2014 EAST COLES CORPORATE PERFORMANCE REPORT

TOP 3 RANKINGS
ASX NEXT 100
Earnings Quality
Rank

Code Stock

Company Category

Company GICS

Mkt Cap

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

IRE

IRESS LIMITED

INFORMATION TECHNOLOGY

Software & Services

Top 200

DMP

DOMINO'S PIZZA ENTERPRISES LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

Investment Desirability
Rank

Code Stock

Company Category

Company GICS

Mkt Cap

IVC

INVOCARE LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

AAD

ARDENT LEISURE GROUP

CONSUMER DISCRETIONARY

Consumer Services

Top 200

BRG

BREVILLE GROUP LIMITED

CONSUMER DISCRETIONARY

Consumer Durables & Apparel

Top 200

Shareholder Value Focus

Rank

Company Category

Company GICS

Mkt Cap

IVC

INVOCARE LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

FXL

FLEXIGROUP LIMITED

FINANCIALS

Diversified Financials

Top 200

SKT

SKY NETWORK TELEVISION LIMITED

CONSUMER DISCRETIONARY

Media

Top 200

Code Stock

Quality of Investor Relations

Rank

Code Stock

Company Category

Company GICS

Mkt Cap

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

ALZ

AUSTRALAND PROPERTY GROUP

FINANCIALS

Real Estate

Top 200

JBH

JB HI-FI LIMITED

CONSUMER DISCRETIONARY

Retailing

Top 200

Environmental, Social, and Corporate Governance

Rank

Code Stock

Company Category

Company GICS

Mkt Cap

IVC

INVOCARE LIMITED

CONSUMER DISCRETIONARY

Consumer Services

Top 200

REA

REA GROUP LTD

CONSUMER DISCRETIONARY

Media

Top 200

MRM

MERMAID MARINE AUSTRALIA LIMITED

INDUSTRIALS

Transportation

Top 200

Page 4 of 5

2014 EAST COLES CORPORATE PERFORMANCE REPORT

TOP 3 SUMMARY TABLE
ASX NEXT 100
Ranks in Categories
Code Company

GICS

Industry

Market Cap

AAD

ARDENT LEISURE GROUP

CONSUMER DISCRETIONARY Consumer Services

Top 200

ALZ

AUSTRALAND PROPERTY GROUP

FINANCIALS

Top 200

BRG

BREVILLE GROUP LIMITED

CONSUMER DISCRETIONARY Consumer Durables & Apparel

Top 200

DMP

DOMINO'S PIZZA ENTERPRISES LIMITED

CONSUMER DISCRETIONARY Consumer Services

Top 200

FXL

FLEXIGROUP LIMITED

FINANCIALS

Top 200

IVC

INVOCARE LIMITED

CONSUMER DISCRETIONARY Consumer Services

Top 200

IRE

IRESS LIMITED

INFORMATION TECHNOLOGY Software & Services

Top 200

Real Estate

Diversified Financials

JBH

JB HI-FI LIMITED

CONSUMER DISCRETIONARY Retailing

Top 200

MFG

MAGELLAN FINANCIAL GROUP LIMITED

FINANCIALS

Diversified Financials

Top 200

MRM

MERMAID MARINE AUSTRALIA LIMITED

INDUSTRIALS

Transportation

Top 200

QUB

QUBE LOGISTICS HOLDINGS LIMITED

INDUSTRIALS

Transportation

Top 200

REA

REA GROUP LTD

CONSUMER DISCRETIONARY Media

Top 200

SKT

SKY NETWORK TELEVISION LIMITED

CONSUMER DISCRETIONARY Media

Top 200

Page 5 of 5

Best
Company

Best CEO

Best Board

Best CFO

Best
Credibility

Best
Earnings
Quality

Best
Investment
Desirability

Shareholder
Value Focus

Best Investor
Relations

Best ESG

2
2
3
2

3
3

3
2
1

2
3
2
2
1

3
1

3
2
1

1
3