What are the best ASX stocks of 2022? (January update)

We found 20 stocks worth watching in the year ahead.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Important note

There's no single share that's best for all investors as all our needs are different – and what's best for you might not be best for someone else. No-one can say for certain which direction stocks will go; these are ideas only and should not be taken as financial advice.

GameStop and Reddit might be the show-stealers so far this year, but the Australian Securities Exchange (ASX) has been making some pretty big moves itself lately. At the time of writing, the ASX200 index is up more than 49% since the bottom of the 2020 market crash.

And that's not including our world leading dividends.

If you're feeling bullish about the ASX in 2022 but not sure where to start, we've put together a list of ASX stocks that could be worth watching in 2022.

Stock themes for 2022

Unless you have a crystal ball, it's impossible to say what the next 12 months will look like. But we do know some of the big themes that will probably continue to drive prices in 2022:

Stocks to watch in 2022

With all that in mind, it's not easy picking quality stocks. To help identify stock picks for 2022, we used Finder's proprietary algorithm to filter Australian-listed companies that have strong fundamentals. We take into account historical prices, dividends, revenue growth, (low) price volatility and profit margins, which might indicate a quality stock.

To avoid speculative stocks, we only include companies with a market cap of more than $1 billion. In order to better compare historical data, we filtered out stocks that have been listed on the ASX for less than five years.

This doesn't mean these are the best stocks for you. Always do your own research and chat with a professional when in doubt.

The algorithm was last updated 6 January 2022.


How did we pick this list?

We use a proprietary algorithm that rates ASX-listed stocks based on price performance, profit, revenue and dividends. The information provided is general in nature, not personal financial advice, and your personal objectives, financial situation or needs have not been taken into consideration. The companies displayed on this page may not be the best for you and you're encouraged to do your own research. Always remember that past performance is no guarantee of future results. Investments can go up and down and we do not guarantee the performance of or returns of any investment. For more information about our algorithm, head to our stock ranking page.



Adbri Limited (ABC.AU)

Adbri Limited manufactures, imports, distributes, and markets construction materials in Australia. The company operates in two segments, Cement, Lime, Concrete and Aggregates; and Concrete Products.
  • Market cap: A$1.828 billion
  • YTD performance: -16.11%
  • 1-year performance: 0.72%
  • 5-year performance: 53.14%
  • P/E ratio: 15.0811
  • Headquarters: Australia

AGL Energy Limited (AGL.AU)

AGL Energy Limited supplies energy and other services to residential, small and large businesses, and wholesale customers in Australia. It operates in three segments: Customer Markets, Integrated Energy, and Investments.
  • Market cap: A$4.919 billion
  • YTD performance: -56.5%
  • 1-year performance: 2.16%
  • 5-year performance: 2.16%
  • P/E ratio: N/A
  • Headquarters: Australia

Air New Zealand Limited (AIZ.AU)

Air New Zealand Limited provides passenger and cargo transportation services on scheduled airlines primarily in New Zealand, Australia, the Pacific Islands, the United Kingdom, Europe, Asia, and the United States. The company also offers ground handling services; engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; aviation services; and aircraft leasing and financing services.
  • Market cap: A$3.187 billion
  • YTD performance: -14.71%
  • 1-year performance: 4.03%
  • 5-year performance: 73.18%
  • P/E ratio: N/A
  • Headquarters: Australia

ALS Limited (ALQ.AU)

ALS Limited provides professional technical services primarily in the areas of testing, measurement, and inspection in Africa, Asia/Pacific, Europe, the Middle East, North Africa, and the Americas. The company operates through three segments: Commodities, Life Sciences, and Industrial.
  • Market cap: A$6.202 billion
  • YTD performance: 43.2%
  • 1-year performance: 48.72%
  • 5-year performance: 201.96%
  • P/E ratio: 34.837
  • Headquarters: Australia

Altium Limited (ALU.AU)

Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through Board and Systems; Microcontrollers and Embedded Systems; and Nexar segments.
  • Market cap: A$5.212 billion
  • YTD performance: 16.11%
  • 1-year performance: 65.84%
  • 5-year performance: 457.43%
  • P/E ratio: 35.4562
  • Headquarters: Australia

Alumina Limited (AWC.AU)

Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, Guinea, Brazil, and Spain, and Saudi Arabia; and a 55% interest in the Portland aluminium smelter in Victoria, Australia.
  • Market cap: A$5.947 billion
  • YTD performance: 0.82%
  • 1-year performance: 21.72%
  • 5-year performance: 38.58%
  • P/E ratio: 33.0645
  • Headquarters: Australia

Amcor plc (AMC.AU)

Amcor plc develops, produces, and sells packaging products for food, beverage, pharmaceutical, medical, home- and personal-care, and other products worldwide. It operates through two segments, Flexibles and Rigid Packaging.
  • Market cap: A$25.942 billion
  • YTD performance: 0.86%
  • 1-year performance: 7.93%
  • 5-year performance: 55.52%
  • P/E ratio: 20.2878
  • Headquarters: Australia

AMP Limited (AMP.AU)

AMP Limited operates as a wealth management company in Australia and internationally. The company offers financial advice and platform administration services, unit linked superannuation products, and retirement income and managed investment products for individuals; and residential mortgages, residential and investment property home loans, deposits, transaction banking services, SMSF products, and loans to AMP-aligned financial adviser practices through digital, online, and phone channels, as well as through financial advisers and home loan brokers.
  • Market cap: A$3.12 billion
  • YTD performance: -35.89%
  • 1-year performance: 10.5%
  • 5-year performance: 10.5%
  • P/E ratio: 28.0882
  • Headquarters: Australia

Ampol Limited (ALD.AU)

Ampol Limited engages in purchasing, refining, and distributing petroleum products in Australia, New Zealand, Singapore, and the United States. The company operates through Convenience Retail, and Fuels and Infrastructure segments.
  • Market cap: A$7.3 billion
  • YTD performance: 8.4%
  • 1-year performance: 31.96%
  • 5-year performance: 62.48%
  • P/E ratio: 15.9781
  • Headquarters: Australia

AngloGold Ashanti Limited (AGG.AU)

AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre bars.
  • Market cap: A$11.728 billion
  • YTD performance: -6.27%
  • 1-year performance: 41.65%
  • 5-year performance: 184%
  • P/E ratio: 1.9273
  • Headquarters: Australia

Ansell Limited (ANN.AU)

Ansell Limited designs, develops, and manufactures protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America. It operates in two segments, Healthcare and Industrial.
  • Market cap: A$4.358 billion
  • YTD performance: -12.85%
  • 1-year performance: 0%
  • 5-year performance: 46.85%
  • P/E ratio: 13.0952
  • Headquarters: Australia

Eagers Automotive Limited (APE.AU)

Eagers Automotive Limited engages in the ownership and operation of motor vehicle and truck dealerships in Australia and New Zealand. It operates through four segments: Car Retailing, Truck Retailing, Property, and Investments.
  • Market cap: A$3.305 billion
  • YTD performance: 8.14%
  • 1-year performance: 14.82%
  • 5-year performance: 396.24%
  • P/E ratio: 9.7944
  • Headquarters: Australia

APA Group (APA.AU)

APA Group develops, owns, and operates natural gas transportation and energy infrastructure in Australia. The company operates through three segments: Energy Infrastructure, Asset Management, and Energy Investments.
  • Market cap: A$35.645 billion
  • YTD performance: -7.17%
  • 1-year performance: 8.39%
  • 5-year performance: 17.39%
  • P/E ratio: 3356.6665
  • Headquarters: Australia

Appen Limited (APX.AU)

Appen Limited, together with its subsidiaries, provides data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, and government agencies in Australia, the United States, and internationally. It operates through two segments, Relevance and Speech and Image.
  • Market cap: A$1.209 billion
  • YTD performance: -54.88%
  • 1-year performance: 33.42%
  • 5-year performance: 363.38%
  • P/E ratio: 30.1227
  • Headquarters: Australia

Arena REIT (ARF.ASX)

Arena REIT is an ASX300 listed property group that owns, manages and develops social infrastructure properties across Australia..
  • Market cap: $1.046 billion
  • YTD performance: $1.046 billion
  • 1-year performance: 27.72%
  • 5-year performance: 180%
  • P/E ratio: 10.339
  • Headquarters: Australia

Argo Investments Limited (ARG.AU)

Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients.
  • Market cap: A$7.453 billion
  • YTD performance: 12.77%
  • 1-year performance: 13.04%
  • 5-year performance: 71.82%
  • P/E ratio: 42.5311
  • Headquarters: Australia

Aristocrat Leisure Limited (ALL.AU)

Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The company offers gaming content; and platforms and systems, including electronic gaming machines, digital social games, and casino management systems, as well as free-to-play mobile games.
  • Market cap: A$29.069 billion
  • YTD performance: 52.73%
  • 1-year performance: 58.29%
  • 5-year performance: 211.58%
  • P/E ratio: 33.7821
  • Headquarters: Australia

ASX Limited (ASX.AU)

ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. The company provides listings, trading, clearing, settlement, technical and information services, and other post-trade services; securities and derivatives exchange, and ancillary services; and central counterparty clearing services.
  • Market cap: A$17.656 billion
  • YTD performance: 29.67%
  • 1-year performance: 40.48%
  • 5-year performance: 91.76%
  • P/E ratio: 36.715
  • Headquarters: Australia

Atlas Arteria Limited (ALX.AU)

Atlas Arteria Limited owns, develops, and operates toll roads. It holds a 13.4% interest in 22-kilometer toll road investors partnership II (TRIP II), the concessionaire for Dulles Greenway toll road located in Virginia, the United States.
  • Market cap: A$6.531 billion
  • YTD performance: -0.76%
  • 1-year performance: 19.64%
  • 5-year performance: 51.28%
  • P/E ratio: 48.2979
  • Headquarters: Australia

AUB Group Limited (AUB.AU)

AUB Group Limited provides engages in the insurance broking and underwriting businesses in Australia and New Zealand. The company provides insurance broking and advisory services primarily to SME clients; operates insurance broking networks represented by approximately 75 businesses, as well as distributes ancillary products; and underwrites, distributes, and manages insurance products and portfolios on behalf of licensed insurance companies.
  • Market cap: A$1.889 billion
  • YTD performance: 31.57%
  • 1-year performance: 34.39%
  • 5-year performance: 130.52%
  • P/E ratio: 26.7511
  • Headquarters: Australia


Buy shares through an online broker

Name Product Standard brokerage fee Inactivity fee Markets International
eToro (global stocks)
US$0
US$10 per month if there’s been no login for 12 months
Global shares, US shares, ETFs
Yes
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
$8
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
ThinkMarkets Share Trading
$8
No
ASX shares
No
$8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Superhero share trading
$5
No
ASX shares, US shares, ETFs
Yes
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
GO Markets Share Trading
$7.70
No
ASX shares, Forex, CFDs, ETFs
No
Pay zero brokerage on your first 20 trades and $7.70 after that on over 2,500 ASX listed shares from either your desktop or mobile.
Opentrader Share Trading
$5
No
ASX shares, Options trading, ETFs, Warrants
No
Gain access to chess sponsored shares for as little as $5 per trade.
Get free live data, advanced charting and even gain experience before trading through fantasy portfolios when you sign up with OpenTrader.
CMC Markets Invest
$11
No
ASX shares, Global shares, mFunds, ETFs
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
Saxo Capital Markets (Classic account)
$5
No
ASX shares, Global shares, ETFs
Yes
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
HSBC Online Share Trading
$19.95
No
ASX shares, mFunds, ETFs, Bonds
No
Limited-time offer: Join HSBC’s online trading account before 28 February 2022 and HSBC will reimburse you up to $100 on your first 5 trades. Also traders who transfer $50k+ will get a $200 bonus(T&Cs apply).
Make trades online with brokerage fees starting from just $19.95 with an HSBC Online Share Trading account. Plus gain access to complimentary expert research, trading ideas and tools.
SelfWealth (Basic account)
$9.5
No
ASX shares, US shares
Yes
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
Bell Direct Share Trading
$15
No
ASX shares, mFunds, ETFs
No
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
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Compare up to 4 providers

Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

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How to pick stocks

There's no single winning strategy to filter "good stocks" because the most important consideration is your own circumstances. Besides, the best stocks are those that perform well in the future. And if 2020 has taught us anything, it's that stock market predictions are often wrong.

But that doesn't mean you shouldn't do your homework. Whether you care more about short-term capital gains or long-term dividend growth, it's important to know whether a stock is performing well, making a profit, paying dividends or going backwards.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involve substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.


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