Stock Market

Undiscovered Gems in Australia for October 2024


As the Australian market experiences a mixed performance with the ASX200 closing slightly down and sectors like Information Technology showing strong gains, investors are keenly awaiting the upcoming Quarterly CPI data to gauge future economic conditions. In this environment, identifying promising small-cap stocks requires a focus on companies that demonstrate resilience and potential for growth amid sector-specific shifts and broader market sentiment.

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Schaffer

24.98%

2.97%

-6.23%

★★★★★★

Fiducian Group

NA

9.94%

6.48%

★★★★★★

Sugar Terminals

NA

3.14%

3.53%

★★★★★★

Lycopodium

NA

17.22%

33.85%

★★★★★★

Red Hill Minerals

NA

75.05%

36.74%

★★★★★★

Steamships Trading

33.60%

4.17%

3.90%

★★★★★☆

AMCIL

NA

5.16%

5.31%

★★★★★☆

Hearts and Minds Investments

1.00%

18.81%

20.95%

★★★★☆☆

A2B Australia

15.83%

-7.78%

25.44%

★★★★☆☆

Boart Longyear Group

71.20%

9.71%

39.19%

★★★★☆☆

Click here to see the full list of 52 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

We’ll examine a selection from our screener results.

Simply Wall St Value Rating: ★★★★☆☆

Overview: K&S Corporation Limited operates in transportation and logistics, warehousing, and fuel distribution across Australia and New Zealand, with a market cap of A$472.13 million.

Operations: K&S generates revenue primarily from its Australian Transport segment, contributing A$582.80 million, followed by Fuel at A$230.79 million and New Zealand Transport at A$72.93 million.

K&S, a notable player in the logistics sector, has shown resilience with earnings growth of 9.1% over the past year, outpacing the industry’s -7% performance. The company’s net income climbed to A$31.23 million from A$28.63 million previously, reflecting its high-quality earnings and robust operations. Despite an increase in debt to equity ratio from 12.5% to 16.1% over five years, interest payments remain well covered by EBIT at 10.2 times coverage, indicating sound financial management. Trading at 17.2% below estimated fair value suggests potential for investors seeking undervalued opportunities in this dynamic industry space.

ASX:KSC Earnings and Revenue Growth as at Oct 2024
ASX:KSC Earnings and Revenue Growth as at Oct 2024

Simply Wall St Value Rating: ★★★★★★

Overview: Mount Gibson Iron Limited is involved in the mining, processing, and export of hematite iron ore primarily to Australia and China, with a market capitalization of approximately A$382.44 million.



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