Top Undervalued Small Caps With Insider Action In Australia July 2024

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In recent trading sessions, the Australian market has shown resilience, with the ASX200 index making a notable recovery, led by strong performances in the Materials and Real Estate sectors. This rebound highlights a potentially favorable environment for investors looking into undervalued small-cap stocks that might be poised for growth amidst these broader market movements. In this context, understanding insider actions can provide valuable insights into stocks that are well-positioned to capitalize on current market conditions.

Top 10 Undervalued Small Caps With Insider Buying In Australia

Name

PE

PS

Discount to Fair Value

Value Rating

Healius

NA

0.6x

41.97%

★★★★★☆

Elders

23.0x

0.5x

43.25%

★★★★☆☆

Dicker Data

21.7x

0.8x

1.65%

★★★★☆☆

Eagers Automotive

9.5x

0.3x

34.21%

★★★★☆☆

Smartgroup

17.3x

4.3x

49.56%

★★★★☆☆

Codan

30.5x

4.5x

23.72%

★★★★☆☆

RAM Essential Services Property Fund

NA

5.9x

37.28%

★★★★☆☆

Tasmea

15.5x

1.0x

7.41%

★★★☆☆☆

Gold Road Resources

16.2x

4.0x

47.71%

★★★☆☆☆

Coventry Group

296.7x

0.4x

-11.71%

★★★☆☆☆

Click here to see the full list of 18 stocks from our Undervalued ASX Small Caps With Insider Buying screener.

Let's uncover some gems from our specialized screener.

Aspen Group

Simply Wall St Value Rating: ★★★★★☆

Overview: Aspen Group is a company that operates in the parks, lifestyle, and residential sectors.

Operations: Parks, Lifestyle, and Residential segments generated revenues of A$35.34 million, A$20.41 million, and A$19.84 million respectively. The company's gross profit margin has shown variability over the periods but trended upwards to 0.57 in the most recent fiscal quarter.

PE: 7.7x

Aspen Group, reflecting a blend of risk and potential, recently saw insider confidence with purchases signaling belief in the company's trajectory. Despite a reliance on external borrowing, indicative of higher financial risk, the firm has maintained earnings growth projections at 18.35% annually. Notably, profit margins have dipped to 66.8%, down from the previous year. Adding to investor interest, Aspen declared an increased annual dividend payout by 10%, totaling 8.50 cents per security for fiscal year 2024—a positive nod towards its revenue consistency and appeal to shareholders looking for steady income streams amidst market volatilities typical of smaller enterprises in Australia's dynamic sectors.

ASX:APZ Share price vs Value as at Jul 2024
ASX:APZ Share price vs Value as at Jul 2024

Codan

Simply Wall St Value Rating: ★★★★☆☆

Overview: Codan is a diversified technology company specializing in communications equipment and metal detection, with a market capitalization of approximately A$1.24 billion.