Whilst I think the likes of Altium Limited (ASX: ALU) and Appen Ltd (ASX: APX) would be great long-term investments, their shares trade on multiples which some investors may be uncomfortable with.
For those investors, I've picked out three ASX shares which I think offer great value for money. They are as follows:
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company's shares are currently changing hands at approximately 20x estimated full year earnings. I think this is cheap given the strong growth it delivered in FY 2018 and its positive long-term outlook. In FY 2018 the company posted a 34.2% increase in normalised NPATA to $729.6 million. This strong result was driven partly by the success of its digital business which saw its daily active users (DAU) increase almost five-fold to 8.1 million. I'm confident that there will be more solid growth in FY 2019, potentially making a great option for investors today. Though, it is worth noting that Aristocrat Leisure is due to release its half year results later this month, so it may be prudent to hold out for that release.
Helloworld Travel Ltd (ASX: HLO)
This integrated travel company's shares have come under pressure this year after being caught up in a political scandal that some investors appear to believe could threaten future government contracts. I believe the selling has been severely overdone and has left its shares trading at a very attractive level of just 15x trailing earnings. Especially after management recently reaffirmed its full year EBITDA guidance of $76 million to $80 million, up 20.5% to 27% on FY 2018's result.
Super Retail Group Ltd (ASX: SUL)
The shares of the retailer behind the Supercheap Auto, Rebel, BCF, and Macpac brands are currently changing hands at a lowly 10x trailing earnings. This is despite the company recently releasing a trading update which revealed further strong like for like sales growth during the first 17 weeks of the second half. I believe this has left the company well-positioned to deliver another solid full year result. Another bonus with Super Retail is that its shares currently offer a trailing fully franked 6.5% dividend yield.
