Stock Analysis

Undiscovered Gems in Australia to Watch This September 2024

ASX:NGI
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As the Australian market navigates a dynamic landscape, the ASX200 closed up 0.1% at 8,212 points, driven by gains in the Materials sector following China's latest stimulus announcement. With economic indicators favoring commodity-driven sectors and small-cap companies showing resilience, discerning investors are on the lookout for promising yet undervalued stocks that can thrive in these conditions. In this context, identifying undiscovered gems becomes crucial for those looking to capitalize on current market trends and economic shifts.

Top 10 Undiscovered Gems With Strong Fundamentals In Australia

NameDebt To EquityRevenue GrowthEarnings GrowthHealth Rating
Fiducian GroupNA9.94%6.48%★★★★★★
Sugar TerminalsNA3.14%3.53%★★★★★★
Bisalloy Steel Group0.95%10.27%24.14%★★★★★★
LycopodiumNA17.22%33.85%★★★★★★
SKS Technologies GroupNA34.65%47.39%★★★★★★
Red Hill MineralsNA75.05%36.74%★★★★★★
Steamships Trading33.60%4.17%3.90%★★★★★☆
AMCILNA5.16%5.31%★★★★★☆
Hearts and Minds Investments1.00%18.81%20.95%★★★★☆☆
A2B Australia15.83%-7.78%25.44%★★★★☆☆

Click here to see the full list of 57 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

Emerald Resources (ASX:EMR)

Simply Wall St Value Rating: ★★★★★☆

Overview: Emerald Resources NL focuses on the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.63 billion.

Operations: Emerald Resources NL generates revenue primarily from its mine operations, totaling A$366.04 million. The company has a market cap of A$2.63 billion.

Emerald Resources has shown impressive growth, with earnings increasing by 41.9% over the past year, outpacing the Metals and Mining industry’s 0.7%. The company reported A$371.07 million in sales for the year ending June 30, 2024, up from A$299.48 million a year ago, while net income rose to A$84.27 million from A$59.36 million. Trading at 57.5% below its estimated fair value and having more cash than total debt highlights its strong financial position and potential for future growth.

ASX:EMR Earnings and Revenue Growth as at Sep 2024
ASX:EMR Earnings and Revenue Growth as at Sep 2024

Navigator Global Investments (ASX:NGI)

Simply Wall St Value Rating: ★★★★★☆

Overview: Navigator Global Investments (ticker: ASX:NGI) operates as a fund management company in Australia with a market cap of A$857.64 million.

Operations: Navigator Global Investments derives its revenue primarily from its Lighthouse segment, which generated A$95.93 million, with minimal contributions from other segments.

Navigator Global Investments, a notable player in the Australian market, reported significant earnings growth of 86.7% over the past year, outpacing the Capital Markets industry average of 17.2%. The company is trading at 44.5% below its estimated fair value and has no debt, making it an attractive proposition for investors seeking stability. A one-off gain of $17.7M impacted its financial results for the year ending June 30, 2024, contributing to net income of $66.31M from revenue of $276.28M compared to last year's $184.9M revenue and $35.51M net income.

ASX:NGI Debt to Equity as at Sep 2024
ASX:NGI Debt to Equity as at Sep 2024

RPMGlobal Holdings (ASX:RUL)

Simply Wall St Value Rating: ★★★★★★

Overview: RPMGlobal Holdings Limited develops and provides mining software solutions across Australia, Asia, the Americas, Africa, and Europe with a market cap of A$677.59 million.

Operations: RPMGlobal Holdings Limited generates revenue primarily from its Software segment, contributing A$72.67 million, and its Advisory segment, adding A$31.41 million.

RPMGlobal Holdings, a notable player in the software industry, has demonstrated impressive growth with earnings surging 134.6% over the past year, significantly outpacing the industry's 6.8%. The company reported A$104.19 million in revenue for FY2024, up from A$91.56 million last year, and net income increased to A$8.66 million from A$3.69 million previously. Recently added to both the S&P/ASX Small Ordinaries and S&P/ASX 300 indices, RPMGlobal is debt-free with high-quality earnings and promising annual growth forecasts of 22.62%.

ASX:RUL Debt to Equity as at Sep 2024
ASX:RUL Debt to Equity as at Sep 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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