Undiscovered Gems in the United Kingdom for August 2024

In This Article:

The United Kingdom market has stayed flat over the past 7 days but is up 9.7% over the past year, with earnings forecast to grow by 14% annually. In this climate, identifying good stocks often involves finding those with strong growth potential and solid fundamentals that have yet to capture widespread attention.

Top 10 Undiscovered Gems With Strong Fundamentals In The United Kingdom

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Andrews Sykes Group

NA

1.69%

3.16%

★★★★★★

Globaltrans Investment

15.40%

2.68%

16.51%

★★★★★★

Impellam Group

31.12%

-5.43%

-6.86%

★★★★★★

London Security

0.31%

9.47%

7.41%

★★★★★★

M&G Credit Income Investment Trust

NA

-0.35%

1.18%

★★★★★★

Rights and Issues Investment Trust

NA

-3.68%

-4.07%

★★★★★★

FW Thorpe

3.34%

11.37%

9.41%

★★★★★☆

Goodwin

52.21%

9.26%

13.12%

★★★★★☆

BBGI Global Infrastructure

0.02%

6.58%

9.90%

★★★★★☆

Mountview Estates

16.64%

4.50%

-0.59%

★★★★☆☆

Click here to see the full list of 80 stocks from our UK Undiscovered Gems With Strong Fundamentals screener.

We're going to check out a few of the best picks from our screener tool.

Griffin Mining

Simply Wall St Value Rating: ★★★★★★

Overview: Griffin Mining Limited is a mining and investment company focused on the exploration, development, and operation of mineral properties with a market cap of £251.14 million.

Operations: Griffin Mining generates revenue primarily from its Caijiaying Zinc Gold Mine, which reported $146.02 million in revenue. The company's market cap stands at £251.14 million.

Griffin Mining has shown impressive performance, with earnings growing by 97.8% over the past year, significantly outpacing the Metals and Mining industry growth of 7.6%. The company is debt-free and trades at 68.9% below its estimated fair value, indicating potential undervaluation. Recent production results for Q2 2024 highlight increased ore mined to 429,448 tonnes from last year's 366,762 tonnes and a notable rise in gold production to 6,037 ounces from 3,237 ounces previously.

AIM:GFM Debt to Equity as at Aug 2024
AIM:GFM Debt to Equity as at Aug 2024

Kitwave Group

Simply Wall St Value Rating: ★★★★★☆

Overview: Kitwave Group plc operates as a wholesale distributor in the United Kingdom with a market cap of £232.07 million.

Operations: Kitwave Group plc generates revenue from three primary segments: Ambient (£225.98 million), Foodservice (£191.60 million), and Frozen & Chilled (£229.17 million).

Kitwave Group, a small cap in the UK, reported half-year sales of £296.96 million, up from £274.95 million last year. Net income dropped to £5.08 million from £6.36 million previously, with basic earnings per share at £0.073 compared to last year's £0.091. Trading at 63% below its estimated fair value and with interest payments well covered by EBIT (5.7x), Kitwave's debt level remains high with a net debt to equity ratio of 56.6%.