Undiscovered Gems in the United States to Explore This October 2024

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Over the last 7 days, the United States market has remained flat, though it is up 30% over the past year with earnings forecasted to grow by 15% annually. In this dynamic environment, identifying undiscovered gems that can offer potential growth opportunities requires a keen eye for companies with solid fundamentals and innovative prospects.

Top 10 Undiscovered Gems With Strong Fundamentals In The United States

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

River Financial

122.41%

16.43%

18.50%

★★★★★★

Morris State Bancshares

10.20%

-0.28%

6.97%

★★★★★★

Mission Bancorp

25.37%

16.23%

20.16%

★★★★★★

Teekay

NA

-6.48%

55.79%

★★★★★★

First Northern Community Bancorp

NA

7.12%

10.04%

★★★★★★

Omega Flex

NA

1.31%

3.88%

★★★★★★

Banco Latinoamericano de Comercio Exterior S. A

311.64%

21.07%

24.77%

★★★★★☆

Valhi

38.71%

2.57%

-19.76%

★★★★★☆

Chain Bridge Bancorp

10.64%

41.34%

18.53%

★★★★☆☆

FRMO

0.17%

12.99%

23.62%

★★★★☆☆

Click here to see the full list of 220 stocks from our US Undiscovered Gems With Strong Fundamentals screener.

We're going to check out a few of the best picks from our screener tool.

Apogee Enterprises

Simply Wall St Value Rating: ★★★★★★

Overview: Apogee Enterprises, Inc. specializes in providing architectural products and services for building enclosures, as well as glass and acrylic products for preservation and enhanced viewing across the United States, Canada, and Brazil, with a market cap of approximately $1.73 billion.

Operations: Apogee Enterprises generates revenue primarily from its Architectural Framing Systems and Architectural Services segments, contributing $553.30 million and $397.99 million, respectively. The company also earns from Architectural Glass at $363.96 million and Large-Scale Optical at $94.16 million, with intersegment eliminations of -$33.88 million impacting overall figures.

Apogee Enterprises, a notable player in the building industry, has shown resilience with earnings growing 26.6% annually over the past five years. Despite a recent dip in quarterly sales to US$342 million from US$354 million last year, net income for the six months rose to US$61.58 million from US$56.9 million previously. The company repurchased 170,498 shares recently and maintains a satisfactory debt-to-equity ratio of 2%, supporting its robust financial standing and potential future growth prospects.

NasdaqGS:APOG Earnings and Revenue Growth as at Oct 2024
NasdaqGS:APOG Earnings and Revenue Growth as at Oct 2024

Himax Technologies

Simply Wall St Value Rating: ★★★★★☆

Overview: Himax Technologies, Inc. is a fabless semiconductor company specializing in display imaging processing technologies across various regions including China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States with a market cap of approximately $1.03 billion.

Operations: Himax generates revenue primarily from its display imaging processing technologies. The company's net profit margin has shown variability, reflecting changes in operational efficiency and market conditions.

Himax Technologies, a semiconductor player, has shown impressive earnings growth of 16% over the past year, outpacing the broader semiconductor industry. The company sports a price-to-earnings ratio of 13.7x, which is attractive compared to the US market average of 18.2x. Despite an increase in debt to equity from 55% to 56.7%, its net debt to equity ratio remains satisfactory at 27.4%. Recent collaborations like the T2000 ePaper controller with E Ink highlight innovation potential and energy efficiency advancements in their product line-up.

NasdaqGS:HIMX Earnings and Revenue Growth as at Oct 2024
NasdaqGS:HIMX Earnings and Revenue Growth as at Oct 2024

AMTD Digital

Simply Wall St Value Rating: ★★★★☆☆

Overview: AMTD Digital Inc. operates through its subsidiaries to offer digital solutions in financial and non-financial services, digital media, content and marketing services, as well as hotel operations and VIP services across Asia, with a market capitalization of approximately $1 billion.

Operations: AMTD Digital generates revenue through digital solutions in financial and non-financial services, digital media, content and marketing services, along with hotel operations and VIP services in Asia. The company's market capitalization is approximately $1 billion.

AMTD Digital, a nimble player in the tech space, has seen its earnings surge by 88.6% over the past year, outpacing industry averages. Despite a volatile share price recently, it holds a competitive edge with a Price-To-Earnings ratio of 13.6x, undercutting the US market's average of 18.3x. The company boasts more cash than total debt and reported a significant one-off gain of US$46 million in October 2023 impacting its financial results positively.

NYSE:HKD Earnings and Revenue Growth as at Oct 2024
NYSE:HKD Earnings and Revenue Growth as at Oct 2024

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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 NasdaqGS:APOG NasdaqGS:HIMX and NYSE:HKD.

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

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