In This Article:
In October 2024, the Australian market has been experiencing volatility, with the ASX200 closing 0.67% lower at 8,150 points amid investor concerns over Middle Eastern conflicts and sector-specific fluctuations. In this climate of uncertainty, identifying hidden gems in the small-cap space requires a keen eye for companies that demonstrate resilience and potential for growth despite broader market challenges.
Top 10 Undiscovered Gems With Strong Fundamentals In Australia
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Fiducian Group | NA | 9.94% | 6.48% | ★★★★★★ |
| Bisalloy Steel Group | 0.95% | 10.27% | 24.14% | ★★★★★★ |
| Sugar Terminals | NA | 3.14% | 3.53% | ★★★★★★ |
| Lycopodium | NA | 17.22% | 33.85% | ★★★★★★ |
| SKS Technologies Group | NA | 34.65% | 47.39% | ★★★★★★ |
| Red Hill Minerals | NA | 75.05% | 36.74% | ★★★★★★ |
| Steamships Trading | 33.60% | 4.17% | 3.90% | ★★★★★☆ |
| AMCIL | NA | 5.16% | 5.31% | ★★★★★☆ |
| Hearts and Minds Investments | 1.00% | 18.81% | 20.95% | ★★★★☆☆ |
| A2B Australia | 15.83% | -7.78% | 25.44% | ★★★★☆☆ |
Here we highlight a subset of our preferred stocks from the screener.
Qualitas
Simply Wall St Value Rating: ★★★★★☆
Overview: Qualitas is a real estate investment firm specializing in direct investments across various real estate classes and geographies, as well as acquisitions, distressed debt restructuring, capital raisings, and consulting services, with a market cap of A$749.45 million.
Operations: Qualitas generates revenue primarily through direct lending, contributing A$26.79 million, and funds management, which adds A$13.61 million.
Qualitas, a financial firm with high-quality earnings, saw its net income rise to A$26.18 million from A$22.34 million last year, reflecting a 17.2% growth in earnings over the past year. The company's net debt to equity ratio stands at 26.1%, which is considered satisfactory and significantly reduced from 931.3% five years ago to 79.6%. Recent leadership changes include the appointment of Darren Steinberg as an independent non-executive director, enhancing their board expertise in commercial property and funds management.
Redox
Simply Wall St Value Rating: ★★★★★★
Overview: Redox Limited is a company that supplies and distributes chemicals, ingredients, and raw materials across Australia, New Zealand, the United States, and internationally with a market capitalization of A$1.79 billion.
Operations: Redox generates revenue primarily from its wholesale drugs segment, amounting to A$1.14 billion.