There are a large number of growth shares to choose from on the All Ordinaries index.
Three which I think are among the best value options on the index right now are listed below. Here's why I think they are worth considering:
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure's shares are currently changing hands at just 16x estimated FY 2019 earnings. I think this makes the gaming technology company's shares great value given its strong long-term growth potential due to its exposure to the high growth social and digital gaming markets. Aristocrat Leisure's Digital segment finished FY 2018 with 8.1 million daily active users. These users are generating significant recurring revenues for the company, complementing the growth of its core pokie machine business.
Bellamy's Australia Ltd (ASX: BAL)
This organic infant formula company's shares are now trading at 18x trailing earnings after a sizeable share price pullback this year. The catalyst for the pullback has been the unexpected and substantial delay in attaining the SAMR accreditation required to sell its product in China. Unless this accreditation is received in the second half of FY 2019, Bellamy's sales are expected to be flat for the year. So with the market appearing to have priced in zero growth this year, I think now could be a good time to snap up shares. Especially with management confident that it will increase its sales to $500 million by FY 2021. That will be a significant rise on FY 2018's sales figures and its likely sales for this year.
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions' shares are priced at just under 30x trailing earnings at present. While this is not conventionally cheap and means they are trading at a meaningful premium to the market average, I think it is great value for this provider of software products and services to clients operating in the wealth management and funds administration industries. Strong demand for its products led to Bravura Solutions posting a 27% increase in underlying net profit after tax in FY 2018. Management expects the company to follow this up with mid-teen earnings per share growth in FY 2019.
