Undiscovered Gems in Australia to Explore This October 2024

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Over the last 7 days, the Australian market has risen by 1.1%, contributing to an impressive 17% climb over the past year, with earnings forecasted to grow by 12% annually. In this thriving environment, discovering stocks that combine strong fundamentals with growth potential can be key to capitalizing on these favorable conditions.

Top 10 Undiscovered Gems With Strong Fundamentals In Australia

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Fiducian Group

NA

9.94%

6.48%

★★★★★★

Schaffer

24.98%

2.97%

-6.23%

★★★★★★

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 53 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

Emerald Resources

Simply Wall St Value Rating: ★★★★★☆

Overview: Emerald Resources NL is involved in the exploration and development of mineral reserves in Cambodia and Australia, with a market capitalization of A$2.73 billion.

Operations: Emerald Resources generates revenue primarily from its mine operations, amounting to A$366.04 million. The company's financial structure does not include "Other" segments in its primary revenue stream analysis.

Emerald Resources, a promising player in the mining sector, has seen its debt-to-equity ratio rise to 8.5% over five years, yet it remains financially robust with EBIT covering interest payments 18.6 times. Trading at a significant discount of 70.1% below estimated fair value, the company reported A$371 million in sales for the year ending June 2024, up from A$299 million previously. Despite shareholder dilution last year, earnings surged by 41.9%, outpacing industry growth significantly.

ASX:EMR Debt to Equity as at Oct 2024
ASX:EMR Debt to Equity as at Oct 2024

Generation Development Group

Simply Wall St Value Rating: ★★★★★★

Overview: Generation Development Group Limited focuses on the marketing and management of life insurance and life investment products and services in Australia, with a market capitalization of A$921.74 million.

Operations: Generation Development Group generates revenue primarily from Benefit Funds and Benefit Funds Management & Funds Administration, amounting to A$316.26 million and A$37.26 million, respectively. The company experiences a deduction of A$27.48 million in its financial reporting due to eliminations.