Australian Undiscovered Gems With Strong Fundamentals

Joyce

Market Cap: AU$151.7m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Hearts and Minds Investments

Market Cap: AU$787.7m

n/a

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Focus Minerals

Market Cap: AU$346.7m

Engages in the exploration and development of gold properties in Western Australia.

Fiducian Group

Market Cap: AU$412.0m

Through its subsidiaries, provides financial services in Australia.

Zimplats Holdings

Market Cap: AU$2.0b

Engages in the production and sales of platinum group and associated metals in Zimbabwe.

Spheria Emerging Companies

Market Cap: AU$158.1m

Operates as an investment company in Australia.

Djerriwarrh Investments

Market Cap: AU$818.3m

A publicly owned investment manager.

Peet

Market Cap: AU$912.9m

Acquires, develops, and markets residential land in Australia.

Carlton Investments

Market Cap: AU$918.2m

Carlton Investments Limited is a publicly owned asset management holding company.

Tribune Resources

Market Cap: AU$341.0m

Engages in the development, exploration, and production of mineral properties in Australia.

MFF Capital Investments

Market Cap: AU$2.8b

An investment firm manager.

United Overseas Australia

Market Cap: AU$1.2b

Engages in the development and resale of land and buildings in Malaysia, Singapore, Vietnam, and Australia.

Diversified United Investment

Market Cap: AU$1.1b

A publicly owned investment manager.

Duxton Water

Market Cap: AU$242.7m

Provides water supply solutions to Australian irrigators.

Decidr AI Industries

Market Cap: AU$167.3m

Operates as an agentic AI-enablement company.

Bisalloy Steel Group

Market Cap: AU$251.7m

Engages in the manufacture and sale of quenched and tempered, high-tensile, and abrasion resistant steel plates in Australia, Indonesia, Thailand, and internationally.

Lycopodium

Market Cap: AU$466.6m

Provides engineering and project delivery services in the resources, rail infrastructure, and industrial processes sectors in Australia.

Cash Converters International

Market Cap: AU$208.0m

Provides unsecured lending and second-hand retail services in Australia, New Zealand, the United Kingdom, and internationally.

Servcorp

Market Cap: AU$699.6m

Provides executive serviced and virtual offices, coworking and IT, communications, and secretarial services in Australia, New Zealand, Southeast Asia, the United States, Europe, the Middle East, North Asia, and internationally.

Australian Ethical Investment

Market Cap: AU$833.6m

Australian Ethical Investment Ltd is a publicly owned investment manager.

Korvest

Market Cap: AU$153.7m

Manufactures and supplies cable and pipe support systems, fastening solutions, and galvanising services in Australia.

XRF Scientific

Market Cap: AU$334.5m

Manufactures and markets precious metal products, specialized chemicals, and instruments for the scientific, analytical, construction material, and mining industries in Australia, Canada, and Europe.

Wagners Holding

Market Cap: AU$537.3m

Engages in the production and sale of construction materials and related building materials in Australia, the United States, New Zealand, the United Kingdom, Papua New Guinea, and Malaysia.

GR Engineering Services

Market Cap: AU$643.7m

Provides engineering, process control, automation, and construction services to the mining and mineral processing industries in Australia and internationally.

Omni Bridgeway

Market Cap: AU$468.7m

Provides dispute and litigation finance services in Australia, the United States, Canada, Latin America, Asia, New Zealand, Europe, the Middle East, and Africa.

Bhagwan Marine

Market Cap: AU$152.7m

A marine services company, owns and operates a range of vessels providing marine solutions for the offshore energy, subsea, ports and inshore, and defense sectors in Australia.

IVE Group

Market Cap: AU$431.9m

Engages in the marketing business in Australia.

Ricegrowers

Market Cap: AU$1.2b

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

SHAPE Australia

Market Cap: AU$406.0m

Engages in the construction, fitout, and refurbishment of commercial properties in Australia.

Count

Market Cap: AU$176.6m

Provides accounting, business advisory, and financial planning services in Australia.

Kina Securities

Market Cap: AU$358.1m

Provides commercial banking and financial, fund administration, investment management, and share brokerage services in Papua New Guinea.

Metals X

Market Cap: AU$695.8m

Engages in the production of tin in Australia.

Macmahon Holdings

Market Cap: AU$853.3m

Provides surface mining, underground mining and mining support, and civil infrastructure services to mining companies in Australia and Southeast Asia.

Cogstate

Market Cap: AU$376.7m

A neuroscience solutions company, engages in the creation, validation, and commercialization of digital brain health assessments worldwide.

Ainsworth Game Technology

Market Cap: AU$353.6m

Designs, develops, manufactures, sells, distributes, and services electronic gaming machines, and other related equipment and services in Australia, North America, Latin America, Europe, New Zealand, South Africa, Asia, and internationally.