Stock Analysis

Discovering Hidden Gems On None Exchange November 2024

IBSE:GOKNR
Source: Shutterstock

As global markets navigate the complexities of shifting political landscapes and economic indicators, small-cap stocks have experienced notable fluctuations, with indices like the Russell 2000 showing a year-to-date change of 13.65%. Amidst these dynamics, investors are increasingly focused on uncovering overlooked opportunities that could offer potential growth despite broader market uncertainties. In this environment, a good stock often possesses strong fundamentals and resilience to policy shifts or regulatory changes, making it a potential hidden gem worth exploring.

Top 10 Undiscovered Gems With Strong Fundamentals

NameDebt To EquityRevenue GrowthEarnings GrowthHealth Rating
Marítima de InversionesNA82.67%21.14%★★★★★★
Impellam Group31.12%-5.43%-6.86%★★★★★★
Ovostar Union0.01%10.19%49.85%★★★★★★
Standard Bank0.13%27.78%30.36%★★★★★★
TeekayNA-3.71%60.91%★★★★★★
Tianyun International Holdings10.09%-5.59%-9.92%★★★★★★
Primadaya Plastisindo12.52%18.29%26.12%★★★★★☆
A2B Australia15.83%-7.78%25.44%★★★★☆☆
Wilson64.79%30.09%68.29%★★★★☆☆
Tethys PetroleumNA29.98%44.48%★★★★☆☆

Click here to see the full list of 4644 stocks from our Undiscovered Gems With Strong Fundamentals screener.

Let's review some notable picks from our screened stocks.

Arteche Lantegi Elkartea (BME:ART)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Arteche Lantegi Elkartea, S.A. is involved in the design, manufacture, integration, and supply of electrical equipment and solutions with a focus on renewable energies and smart grids both in Spain and internationally, with a market capitalization of €350.47 million.

Operations: Arteche Lantegi Elkartea generates revenue primarily from three segments: Systems Measurement and Monitoring (€304.31 million), Automation of Transmission and Distribution Networks (€85.32 million), and Network Reliability (€48.70 million).

Arteche Lantegi Elkartea, a nimble player in the electrical industry, showcases impressive growth with earnings surging by 70.1% over the past year, outpacing industry norms. Despite a volatile share price recently and a high net debt to equity ratio of 51.8%, its financial health seems robust due to well-covered interest payments (3.9x EBIT coverage). Recent earnings announcements highlight sales of €212.39 million for the first half of 2024, up from €178.79 million last year, and net income climbing to €7.42 million from €4.29 million previously—suggesting strong operational momentum ahead.

BME:ART Debt to Equity as at Nov 2024
BME:ART Debt to Equity as at Nov 2024

Göknur Gida Maddeleri Enerji Imalat Ithalat Ihracat Ticaret ve Sanayi Anonim Sirketi (IBSE:GOKNR)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Göknur Gida Maddeleri Enerji Imalat Ithalat Ihracat Ticaret ve Sanayi Anonim Sirketi is a Turkish company specializing in the production of fruit and vegetable concentrates, with a market cap of TRY9.07 billion.

Operations: Göknur's revenue primarily comes from its fruit and vegetable concentrate production. The company has a market cap of TRY9.07 billion, reflecting its significant presence in the industry.

Göknur Gida has shown impressive growth, with earnings surging by 27.4% over the past year, outpacing the Food industry’s -20.4%. The company's price-to-earnings ratio stands at 18x, which is favorable compared to the industry average of 23.3x. Recent financial results highlight a significant increase in third-quarter sales to TRY2.72 billion from TRY720.6 million last year, and net income rose sharply to TRY123.43 million from TRY8.99 million a year ago. However, volatility in share price and large one-off items impacting earnings could be areas for investors to watch closely moving forward.

IBSE:GOKNR Debt to Equity as at Nov 2024
IBSE:GOKNR Debt to Equity as at Nov 2024

Toho Bank (TSE:8346)

Simply Wall St Value Rating: ★★★★☆☆

Overview: The Toho Bank, Ltd. operates in Japan offering a range of banking products and services, with a market cap of approximately ¥68.62 billion.

Operations: Toho Bank generates revenue primarily through its banking products and services within Japan. The company has a market cap of approximately ¥68.62 billion, reflecting its financial position in the industry.

Toho Bank, a smaller financial institution, showcases robust figures with total assets of ¥6.59 trillion and equity at ¥207.3 billion. Deposits stand strong at ¥6.17 trillion against loans totaling ¥3.76 trillion, although the net interest margin is a modest 0.6%. The bank's earnings growth of 23% over the past year outpaced the industry average of 22%, highlighting its competitive edge in profitability despite an insufficient bad loan allowance at 1.4% of total loans. Primarily funded by low-risk customer deposits, Toho Bank trades slightly below its estimated fair value by about 6%.

TSE:8346 Earnings and Revenue Growth as at Nov 2024
TSE:8346 Earnings and Revenue Growth as at Nov 2024

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Interested In Other Possibilities?

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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