Discovering Undiscovered Gems in the UK This August 2024
In This Article:
The United Kingdom market has shown robust performance, climbing 1.7% in the last 7 days and 13% over the past year, with earnings expected to grow by 14% annually in the coming years. In this favorable environment, identifying stocks with strong fundamentals and growth potential can be particularly rewarding; here are three undiscovered gems worth considering this August 2024.
Top 10 Undiscovered Gems With Strong Fundamentals In The United Kingdom
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Andrews Sykes Group | NA | 1.69% | 3.16% | ★★★★★★ |
| Globaltrans Investment | 15.40% | 2.68% | 16.51% | ★★★★★★ |
| Impellam Group | 31.12% | -5.43% | -6.86% | ★★★★★★ |
| London Security | 0.31% | 9.47% | 7.41% | ★★★★★★ |
| M&G Credit Income Investment Trust | NA | -0.35% | 1.18% | ★★★★★★ |
| Rights and Issues Investment Trust | NA | -3.68% | -4.07% | ★★★★★★ |
| Fix Price Group | 43.59% | 12.53% | 23.49% | ★★★★★☆ |
| Goodwin | 59.96% | 9.26% | 13.12% | ★★★★★☆ |
| BBGI Global Infrastructure | 0.02% | 6.58% | 9.90% | ★★★★★☆ |
| Mountview Estates | 16.64% | 4.50% | -0.59% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
Alpha Group International
Simply Wall St Value Rating: ★★★★★★
Overview: Alpha Group International plc offers foreign exchange risk management and alternative banking solutions across the UK, Europe, Canada, and globally, with a market cap of ￡1.08 billion.
Operations: Alpha Group International plc generates revenue primarily from its Alpha Pay (￡64.30 million), Institutional (￡61.29 million), and Corporate London excluding Corporate Amsterdam (￡45.42 million) segments, with smaller contributions from Corporate Amsterdam (￡8.70 million), Corporate Toronto (￡4.23 million), and Cobase (￡0.19 million).
Alpha Group International, with a price-to-earnings ratio of 12.2x compared to the UK market's 16.8x, has shown impressive earnings growth of 130% over the past year, outpacing its industry’s mere 0.3%. The company is debt-free and recently commenced share repurchases authorized at up to 4.32 million shares or roughly 10% of its issued capital as of April this year. Additionally, Alpha was added to several FTSE indices in June, enhancing its visibility among investors.
Cairn Homes
Simply Wall St Value Rating: ★★★★★★
Overview: Cairn Homes plc, a holding company with a market cap of ￡1.03 billion, operates as a home and community builder in Ireland.