Undiscovered Gems in Australia to Watch This September 2024
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The Australian market has shown robust performance, with the Materials sector gaining 9.0% while the overall market remained flat last week, and a notable 16% increase over the past year. In light of these conditions and expected earnings growth of 12% per annum over the next few years, identifying stocks with strong fundamentals and growth potential can be particularly rewarding.
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% | ★★★★★★ |
| Sugar Terminals | NA | 3.14% | 3.53% | ★★★★★★ |
| Bisalloy Steel Group | 0.95% | 10.27% | 24.14% | ★★★★★★ |
| Lycopodium | NA | 17.22% | 33.85% | ★★★★★★ |
| SKS Technologies Group | NA | 34.65% | 47.39% | ★★★★★★ |
| 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% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
DroneShield
Simply Wall St Value Rating: ★★★★★★
Overview: DroneShield Limited develops, commercializes, and sells hardware and software technology for drone detection and security in Australia and the United States with a market cap of A$1.19 billion.
Operations: DroneShield generates revenue primarily from its Aerospace & Defense segment, which totals A$67.52 million. The company focuses on developing and commercializing hardware and software for drone detection and security in key markets such as Australia and the United States.
DroneShield has demonstrated impressive earnings growth of 612.7% over the past year, significantly outpacing the Aerospace & Defense industry’s 14.4%. Despite this, shareholders experienced dilution in the past year and its share price has been highly volatile over the last three months. The company is trading at 49% below its estimated fair value and remains debt-free, a notable improvement from five years ago when its debt to equity ratio was 41.5%.
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Unlock comprehensive insights into our analysis of DroneShield stock in this health report.
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Understand DroneShield's track record by examining our Past report.
Navigator Global Investments
Simply Wall St Value Rating: ★★★★★☆
Overview: Navigator Global Investments (ASX:NGI) is a fund management company based in Australia with a market cap of A$852.74 million.
Operations: Navigator Global Investments generates revenue primarily from its Lighthouse segment, which contributed $95.93 million. The company also reported a minor contribution of $0.25 million from corporate and adjustments activities.