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Top Undervalued Small Caps With Insider Buying In November 2024

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In the wake of a "red sweep" in the U.S. elections, global markets have seen a significant rally, with small-cap stocks like those in the Russell 2000 Index leading gains despite not yet reaching record highs. This surge is fueled by investor optimism around potential growth and tax reforms, alongside a Federal Reserve rate cut aimed at bolstering economic activity. In such an environment, identifying promising small-cap stocks often involves looking for companies with strong fundamentals and insider buying, which can signal confidence from those closest to the business amidst shifting market dynamics.

Top 10 Undervalued Small Caps With Insider Buying

Name

PE

PS

Discount to Fair Value

Value Rating

Paradeep Phosphates

24.0x

0.8x

28.53%

★★★★★☆

Maharashtra Seamless

9.4x

1.6x

38.75%

★★★★★☆

PSC

7.9x

0.4x

42.07%

★★★★☆☆

NCL Industries

14.5x

0.5x

-72.77%

★★★☆☆☆

Semen Indonesia (Persero)

20.4x

0.6x

31.57%

★★★☆☆☆

L.G. Balakrishnan & Bros

14.3x

1.7x

-42.54%

★★★☆☆☆

BSP Financial Group

7.7x

2.7x

3.40%

★★★☆☆☆

Tai Sin Electric

12.5x

0.5x

14.51%

★★★☆☆☆

Community West Bancshares

18.7x

2.9x

42.25%

★★★☆☆☆

Bajel Projects

240.0x

1.9x

31.99%

★★★☆☆☆

Click here to see the full list of 177 stocks from our Undervalued Small Caps With Insider Buying screener.

Let's uncover some gems from our specialized screener.

Incap Oyj

Simply Wall St Value Rating: ★★★★☆☆

Overview: Incap Oyj is a company that provides electronics manufacturing services, with a market capitalization of €0.21 billion.

Operations: The company generates its revenue primarily from Electronics Manufacturing Services, with a recent gross profit margin of 33.55%. Operating expenses and non-operating expenses are significant cost components, impacting the net income.

PE: 19.2x

Incap Oyj, a smaller company in its sector, is currently exploring mergers and acquisitions to enhance its growth prospects. Despite a dip in nine-month sales to €170.77 million from €179.16 million last year, the firm remains optimistic about future revenue between €227 million and €237 million for 2024. Insider confidence is evident with recent share purchases, signaling potential value recognition within the company. With earnings projected to grow annually by 18%, Incap's strategic focus on M&A could reshape its footprint significantly over time.

HLSE:ICP1V Share price vs Value as at Nov 2024
HLSE:ICP1V Share price vs Value as at Nov 2024

SpareBank 1 Østlandet

Simply Wall St Value Rating: ★★★☆☆☆

Overview: SpareBank 1 Østlandet is a Norwegian financial institution that provides a wide range of banking services through its retail and corporate divisions, along with real estate and financial partnerships, with a market capitalization of approximately NOK 10.6 billion.