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Emerald Resources And 2 Other Undiscovered Gems In Australia

Over the last 7 days, the Australian market has remained flat, yet it boasts a remarkable 17% increase over the past year with earnings forecasted to grow by 12% annually. In this dynamic environment, identifying promising stocks like Emerald Resources and two other lesser-known opportunities can be key to capitalizing on potential growth.

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%

★★★★★★

Bisalloy Steel Group

0.95%

10.27%

24.14%

★★★★★★

Sugar Terminals

NA

3.14%

3.53%

★★★★★★

Lycopodium

NA

17.22%

33.85%

★★★★★★

Red Hill Minerals

NA

75.05%

36.74%

★★★★★★

BSP Financial Group

7.53%

7.31%

4.10%

★★★★★☆

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%

★★★★☆☆

Click here to see the full list of 56 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

Underneath we present a selection of stocks filtered out by our screen.

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$2.64 billion.

Operations: Emerald Resources derives its revenue primarily from mine operations, totaling A$366.04 million. The company's financial performance is highlighted by a net profit margin trend that provides insight into its profitability dynamics.

Emerald Resources, a noteworthy player in the Australian mining sector, has shown robust growth with earnings rising 41.9% over the past year, surpassing industry averages. Its debt to equity ratio increased to 8.5% over five years, yet it maintains more cash than total debt and enjoys strong interest coverage at 18.6x EBIT. Recent earnings reveal sales of A$371 million and net income of A$84 million, reflecting its solid performance amidst strategic leadership changes as Simon Lee retires from the board.

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

Generation Development Group

Simply Wall St Value Rating: ★★★★★★

Overview: Generation Development Group Limited is an Australian company that focuses on the marketing and management of life insurance and life investment products and services, with a market capitalization of A$909.85 million.

Operations: Generation Development Group generates revenue primarily from Benefit Funds, which contribute A$316.26 million, and Benefit Funds Management & Funds Administration, adding A$37.26 million. The company also records a smaller revenue stream of A$3.54 million from Other Business activities.

Generation Development Group, an intriguing player in the financial sector, showcased a solid net income of A$5.84 million for the year ending June 2024, up from A$4.48 million previously. Despite significant insider selling recently, GDG remains debt-free and enjoys high-quality earnings. The company reported basic earnings per share of A$0.0301 compared to last year's A$0.0238, reflecting robust growth in profitability. With Christine Christian's appointment as an Independent Non-Executive Director, GDG seems poised for strategic development and governance enhancements.

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

Ora Banda Mining

Simply Wall St Value Rating: ★★★★☆☆

Overview: Ora Banda Mining Limited focuses on the exploration, operation, and development of mineral properties in Australia with a market capitalization of A$1.25 billion.

Operations: Ora Banda Mining generates revenue primarily from its gold mining operations, amounting to A$214.24 million. The company's market capitalization stands at approximately A$1.25 billion.

Ora Banda Mining has made significant strides, with sales jumping to A$214.24 million from A$135.89 million last year, and net income reaching A$27.57 million after a previous loss of A$44.13 million. Despite a 4.1% rise in its debt-to-equity ratio over five years, the company holds more cash than debt and maintains strong interest coverage at 7.8 times EBIT. Recent index shifts include its addition to the S&P Global BMI Index, reflecting growing recognition in the market.

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

Seize The Opportunity

  • Take a closer look at our ASX Undiscovered Gems With Strong Fundamentals list of 56 companies by clicking here.

  • Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.

  • Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Ready To Venture Into Other Investment Styles?

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:EMR ASX:GDG and ASX:OBM.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com