Exploring Undiscovered Gems with Potential This November 2024

In This Article:

As global markets navigate a period of heightened economic activity and mixed signals from labor and manufacturing sectors, small-cap stocks have shown resilience compared to their larger counterparts. This November, as investors seek opportunities beyond the usual suspects, identifying undiscovered gems requires a focus on companies with strong fundamentals and the potential to thrive amidst current market fluctuations.

Top 10 Undiscovered Gems With Strong Fundamentals

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Ruentex Interior Design

NA

44.92%

51.98%

★★★★★★

Impellam Group

31.12%

-5.43%

-6.86%

★★★★★★

Ovostar Union

0.01%

10.19%

49.85%

★★★★★★

Cardig Aero Services

NA

6.60%

69.79%

★★★★★★

Tianyun International Holdings

10.09%

-5.59%

-9.92%

★★★★★★

Steamships Trading

33.60%

4.17%

3.90%

★★★★★☆

BOSQAR d.d

94.35%

39.99%

23.94%

★★★★☆☆

Wilson

64.79%

30.09%

68.29%

★★★★☆☆

A2B Australia

15.83%

-7.78%

25.44%

★★★★☆☆

Practic

NA

3.63%

6.85%

★★★★☆☆

Click here to see the full list of 4705 stocks from our Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

RaySearch Laboratories

Simply Wall St Value Rating: ★★★★★★

Overview: RaySearch Laboratories AB (publ) is a medical technology company that develops software solutions for cancer care across various global regions, with a market cap of SEK5.64 billion.

Operations: The company generates revenue primarily from its healthcare software segment, amounting to SEK1.13 billion.

RaySearch Laboratories, a dynamic player in oncology software, has seen its earnings soar by 187% over the past year, outpacing the Healthcare Services industry growth of 7.1%. The company is debt-free, contrasting with a debt-to-equity ratio of 1.8 five years ago. Trading at 67% below estimated fair value suggests potential for investors seeking undervalued opportunities. Recent orders from Institut Curie and other European centers highlight strong demand for RayStation®, contributing to robust revenue recognition this year. However, significant insider selling in recent months might raise eyebrows about internal confidence despite high-quality earnings and positive free cash flow trends.

OM:RAY B Debt to Equity as at Nov 2024
OM:RAY B Debt to Equity as at Nov 2024

ADATA Technology

Simply Wall St Value Rating: ★★★★☆☆

Overview: ADATA Technology Co., Ltd. is a global manufacturer and seller of memory products with a market capitalization of approximately NT$26.59 billion.

Operations: ADATA Technology generates revenue primarily from its Electronics Sector, contributing NT$40.52 billion, while the Biotechnology Segment adds NT$35.22 million.