PE: 23.6x

Elders Limited, navigating through a challenging fiscal landscape with a projected earnings growth of 22.8% annually, recently fortified its leadership by appointing Glenn Davis to the board—a move signaling strategic reinforcement. Despite experiencing a dip in profit margins from 3.4% to 2.1%, the company maintains robust revenue projections between A$120 million and A$140 million for FY2024. Insider confidence is reflected in recent share purchases, underscoring belief in the company’s resilience and future prospects amidst its high debt levels.

• Click here to discover the nuances of Elders with our detailed analytical valuation report.

• Learn about Elders' historical performance.

NRW Holdings

Simply Wall St Value Rating: ★★★☆☆☆

Overview: NRW Holdings is a diversified provider of mining and civil construction services with a market capitalization of approximately A$1.08 billion.

Operations: The company generates its highest revenue from the Mining segment at A$1.49 billion, followed by MET and Civil segments, contributing A$739.07 million and A$593.62 million respectively. Its gross profit margin has shown a notable increase over recent periods, reaching 47.41% by the end of the latest fiscal year reported.

PE: 17.0x

Amidst a backdrop of strategic corporate activities, NRW Holdings recently bolstered its financial position through a follow-on equity offering, raising A$5.26 million at A$2.56 per share. This move, coupled with the company's reaffirmation of its A$2.9 billion revenue forecast for 2024, underscores its stable financial outlook and potential for growth. Notably, insider confidence is evident as they have recently purchased shares, signaling trust in the company’s future prospects despite relying solely on external borrowing—a higher risk funding strategy. This blend of insider activity and fiscal prudence paints NRW Holdings as an intriguing entity within Australia's landscape of undervalued entities poised for appreciation.

• Click to explore a detailed breakdown of our findings in NRW Holdings' valuation report.

• Examine NRW Holdings' past performance report to understand how it has performed in the past.

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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.

Companies discussed in this article include ASX:CDA ASX:ELD and ASX:NWH.

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