So far this year the All Ordinaries (Index: ^AXAO) (ASX: XAO) has had a mixed time and as a result has only managed to put on a paltry gain of 1%.
Whilst this is a touch disappointing, spare a thought for shareholders of the shares listed below which have fallen significantly this year. Are they in the bargain bin now?
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price may have rebounded strongly in the last month, but it is still down approximately 13% year-to-date and almost 30% from its 52-week high. This means its shares are now changing hands at 32x estimated FY 2018 earnings, which I believe is great value given its growth outlook.
Although its store network has grown at a rapid pace in recent years, the company has plans in place to more than double its footprint over the next eight years. I expect that this and its continued focus on menu innovation and technology will result in above average earnings growth for the foreseeable future.
The Nanosonics Ltd. (ASX: NAN) share price has tumbled 26% since the turn of the year and last week touched on a new 52-week low. With the majority of this infection control specialist's revenue generated in the United States, investors appear to be concerned about the impact that the weak U.S. dollar will have on its future results.
Whilst these fears are entirely justified, I think the sell-off has been extremely overdone. With its shares changing hands at approximately 32x annualised earnings excluding tax benefits, I think now could be a great time to snap them up.
