Nice Economics

Nice Economics is the site that I want to see. Fundamental analysis of companies listed on the ASX. What’s different here is that I compare companies against each other in their indices, sectors, and industry groups.

I’m treating this site as a work-in-progress. I’m updating company data by transcribing individual company’s financial statements. First, I take seventeen data points for each company in each year. Second, from these seventeen data points, I make forty reporting points. Next, I aggregate the companies with their peers. Then, I compare each company to the average of the aggregate through a system of charts. To keep matters simple, I am using S&P Indices, and the GICS Industry Methodology to form peer groups.

I am aware that there are plenty of finance and economics blogs already available. I’ve always found that they lack curation, a dump of someone else’s data mashed into a table. Most other sites license a little bit of data, and show at most three years. I report ten years at a time, which should be enough to show each company through good times and bad.

What I am ultimately trying to achieve, is to make sense of the numbers. A company with a PE Ratio of 14, is nearly meaningless on its own. Is that a good ratio? A bad ratio? A one-off for this year?

Join me here on my site as I answer the questions I want answered. I will be posting commentary and opinion of interesting market announcements. I will be putting pen to paper and writing feature length articles about economic policy with an Australian flavour. Most importantly I will add more and more company’s annual reports.

~ Travis Nice

Recent Articles:

MY SHL Share Price Forecast for 2022
Now that they're half way through their financial year, I take a look at the financials and make my SHL Share Price Forecast for 2022.
My BHP Share Price Forecast for 2022
Following their Half Year results, I take a quick look at their numbers, and make my BHP share price forecast for 2022.
Westpac’s First Quarter Results, and my Forecast for Financial Year 2022
Westpac released their 1Q22 results today. In this article I make a forecast on what I think is a fair share price for the close of Westpac's FY22 in September.
Share Market Movements
A summary of events from this day, that may affect the share price of selected companies that we follow, in the Australian Share Market.

Recently updated companies:

Block, Inc
Square started in February 2009 to enable businesses (sellers) to accept card payments. Block, Inc (previously Square, Inc) is a United States based entity that listed on the Australian Securities Exchange after acquiring all of the shares of Afterpay Limited on January 20, 2022
QBE Insurance Group Limited
QBE underwrite general insurance and reinsurance risks, manage Lloyd’s syndicates, and manage investments.
South32 Limited
The principal activities of South32 Limited are mining and metal production, from a portfolio of assets that include alumina, aluminium, bauxite, energy coal, metallurgical coal, manganese ore, manganese alloy, nickel, silver, lead and zinc.
Sonic Healthcare Limited
Sonic Healthcare provide medical diagnostic services, administrative services, and facilities to medical practitioners.