Australian Potentially Undervalued Companies

Lindsay Australia

Market Cap: AU$245.6m

Provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia.

Verbrec

Market Cap: AU$28.9m

Primarily provides engineering, asset management, training, mining technology software, and operations and maintenance services to mining, energy, defense, and infrastructure industries in Australia, New Zealand, Papua New Guinea, and the Pacific Islands.

Star Entertainment Group

Market Cap: AU$301.0m

Operates and manages integrated resorts in Australia.

Waypoint REIT

Market Cap: AU$1.8b

Waypoint REIT is Australia’s largest listed REIT owning solely fuel and convenience retail properties; it has a high-quality network across all Australian States and mainland Territories.

Yancoal Australia

Market Cap: AU$7.1b

Engages in the exploration, development, production, and marketing of metallurgical and thermal coal in Australia, China, Japan, Taiwan, South Korea, Thailand, Vietnam, Malaysia, India, Europe, Israel, Chile, Indonesia, Cambodia, and Bangladesh.

Step One Clothing

Market Cap: AU$98.5m

Operates as a direct-to-consumer online retailer for underwear in the United Kingdom, the United States, and Australia.

Ventia Services Group

Market Cap: AU$4.2b

Provides infrastructure services in Australia and New Zealand.

ReadCloud

Market Cap: AU$12.9m

Provides eLearning software and industry-based training solutions to schools and educational institutions in Australia.

Alliance Aviation Services

Market Cap: AU$383.2m

Provides contract, charter, and allied aviation services in Australia and internationally.

DGL Group

Market Cap: AU$136.9m

Provides specialty chemical formulation, warehousing distribution, waste management and recycling solutions in Australia, New Zealand, and the United States.

Ramsay Health Care

Market Cap: AU$7.8b

Owns and operates hospitals in Australia, and internationally.

Enero Group

Market Cap: AU$85.7m

Engages in the provision of integrated marketing and communication services in Australia, Asia, the United States, the United Kingdom, and Europe.

Big River Industries

Market Cap: AU$123.0m

Engages in the manufacture, distribution, and retail of timber and building products in Australia and New Zealand.

QPM Energy

Market Cap: AU$95.8m

Operates as an independent gas producer in Australia.

Count

Market Cap: AU$177.4m

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

Noumi

Market Cap: AU$43.0m

Develops, sources, manufactures, markets, sells, and distributes plant-based and dairy beverages and dairy and nutritional products in Australia, New Zealand, China, Southeast Asia, South Africa, and the Middle East.

Bega Cheese

Market Cap: AU$1.7b

Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia.

Tourism Holdings

Market Cap: AU$552.7m

Operates as a tourism company worldwide.

Reckon

Market Cap: AU$65.7m

Provides software solutions in Australia, New Zealand, the United States, and internationally.

Appen

Market Cap: AU$226.5m

Operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally.

Rubicon Water

Market Cap: AU$42.1m

Designs, manufactures, installs, and maintains irrigation automation software and hardware in Australia, New Zealand, Asia, and internationally.

Ramsay Health Care

Market Cap: AU$7.8b

Owns and operates hospitals in Australia, and internationally.

Doctor Care Anywhere Group

Market Cap: AU$66.0m

Provides digital healthcare and development services in the United Kingdom and the Republic of Ireland.

Flight Centre Travel Group

Market Cap: AU$2.6b

Provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally.

SomnoMed

Market Cap: AU$159.3m

SomnoMed Limited, together with its subsidiaries, produce and sells devices for the oral treatment of sleep related disorders in the Asia Pacific region, North America, and Europe.

MotorCycle Holdings

Market Cap: AU$259.8m

Owns and operates motorcycle dealerships in Australia.

Telix Pharmaceuticals

Market Cap: AU$4.6b

A commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic and diagnostic radiopharmaceuticals.

Metcash

Market Cap: AU$4.5b

Operates as a wholesale distribution and marketing company in Australia.

CleanSpace Holdings

Market Cap: AU$62.6m

Engages in the design, manufacture, and sale of respiratory protection products and services for healthcare and industrial markets worldwide.

SciDev

Market Cap: AU$59.9m

Engages in the provision of environmental solutions focused on water intensive industries in Australia, the United States, Asia, and internationally.

Perseus Mining

Market Cap: AU$5.7b

Explores, evaluates, develops, and mines for gold properties in Ghana, Côte d’Ivoire, Tanzania, and Sudan.

29Metals

Market Cap: AU$576.0m

Operates as a copper focused base and precious metals mining company in Australia and Chile.

Fluence

Market Cap: AU$65.1m

Provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.

Inghams Group

Market Cap: AU$988.7m

Engages in the production and sale of chicken and turkey products under the Ingham’s brand primarily in Australia and New Zealand.

Ventia Services Group

Market Cap: AU$4.2b

Provides infrastructure services in Australia and New Zealand.

Emeco Holdings

Market Cap: AU$545.4m

Engages in the provision of surface and underground mining equipment rental, complementary equipment, and mining services in Australia.