Australian Undervalued based on future growth

Cash Converters International

Market Cap: AU$230.6m

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

Garda Property Group

Market Cap: AU$225.8m

Garda Property Group (ASX: GDF) (Garda) is an industrial real estate investor, developer and active manager with investments predominately in Brisbane.

Adairs

Market Cap: AU$224.3m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Lindsay Australia

Market Cap: AU$222.7m

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

Peter Warren Automotive Holdings

Market Cap: AU$221.0m

Engages in the sale of new and used motor vehicles in Australia.

Baby Bunting Group

Market Cap: AU$220.0m

Engages in the retail of maternity and baby goods in Australia and New Zealand.

MotorCycle Holdings

Market Cap: AU$161.8m

Owns and operates motorcycle dealerships in Australia.

Viva Leisure

Market Cap: AU$161.4m

Operates health clubs.

Stealth Group Holdings

Market Cap: AU$149.6m

Operates as an industrial distribution company in Australia and internationally.

CTI Logistics

Market Cap: AU$147.2m

Engages in the provision of transport and logistics services in Australia.

Austco Healthcare

Market Cap: AU$131.2m

Engages in the business of development, manufacture, service, supply, and distribution of healthcare communications equipment and software in Australia, New Zealand, Asia, Europe, and North America.

MLG Oz

Market Cap: AU$130.1m

Provides mine site and supply chain solutions in Western Australia and the Northern Territory.

Big River Industries

Market Cap: AU$130.0m

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

Bhagwan Marine

Market Cap: AU$127.7m

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.

Shine Justice

Market Cap: AU$119.3m

Provides legal services in Australia and New Zealand.

Austin Engineering

Market Cap: AU$118.3m

Manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors.

NobleOak Life

Market Cap: AU$116.2m

Engages in underwriting life insurance products in Australia.

Credit Clear

Market Cap: AU$109.6m

Engages in the provision of debt resolution services and technology development and implementation of the digital engagement platform in Australia and New Zealand.

Pioneer Credit

Market Cap: AU$99.7m

Provides financial services in Australia.

Bubs Australia

Market Cap: AU$98.4m

Manufactures and sell infant and adult chilled and powdered goat dairy products in Australia, China, the United States, and internationally.

Alfabs Australia

Market Cap: AU$93.1m

Engages in the mining equipment and engineering business in Australia.

Articore Group

Market Cap: AU$93.0m

Owns and operates online platforms that facilitates design and sale of products printed with the artwork in Australia, the United States, the United Kingdom, and internationally.

Nido Education

Market Cap: AU$92.6m

Owns, operates, and manages long day early childhood education and care centers under the Nido Early School brand in Australia.

Adrad Holdings

Market Cap: AU$89.5m

Designs and manufactures heat transfer solutions for industrial applications in Australasia, Asia, the Middle East, North and South America, Europe, and Africa.

Embark Early Education

Market Cap: AU$85.5m

Provides early childhood education (ECE) and care services in Australia.

Harmoney

Market Cap: AU$73.0m

Provides secured and unsecured personal loans through online in Australia and New Zealand.

Environmental Group

Market Cap: AU$70.4m

Engages in the design, application, and servicing of gas, vapor and dust emission control systems, and inlet and exhaust systems for gas turbines in Australia and internationally.

LaserBond

Market Cap: AU$70.3m

A surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia.

Central Petroleum

Market Cap: AU$66.8m

Engages in the development, production, processing, and marketing of hydrocarbons, including natural gas, and crude oil and condensate in Australia.

Boom Logistics

Market Cap: AU$66.1m

Provides lifting solutions to mining and resources, infrastructure and construction, wind, energy, utilities, industrial maintenance, and telecommunications sectors in Australia.

Mastermyne Group

Market Cap: AU$59.7m

Provides mine operation, contracting, training, and related services in the mining and supporting industries in Australia.

Kinatico

Market Cap: AU$58.3m

Provides screening, verification, and SaaS-based workforce management and compliance technology systems in Australia and New Zealand.

Integrated Research

Market Cap: AU$56.0m

Designs, develops, implements, and sells software for business-critical computing, unified communication, and payment networks.

Reckon

Market Cap: AU$55.5m

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

Verbrec

Market Cap: AU$55.1m

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.

Doctor Care Anywhere Group

Market Cap: AU$51.3m

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