Undiscovered Gems In The United States To Explore In October 2024

In this article:

Over the last 7 days, the United States market has remained flat, yet it boasts a remarkable 32% increase over the past year with earnings forecasted to grow by 15% annually. In this dynamic environment, identifying undiscovered gems involves finding stocks that show potential for growth and resilience amidst these promising conditions.

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 219 stocks from our US Undiscovered Gems With Strong Fundamentals screener.

Let's explore several standout options from the results in the screener.

Apogee Enterprises

Simply Wall St Value Rating: ★★★★★★

Overview: Apogee Enterprises, Inc. specializes in architectural products and services for building enclosures, as well as glass and acrylic solutions for preservation and viewing, with operations in the United States, Canada, and Brazil; its market cap is approximately $1.84 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 products at $94.16 million.

Apogee Enterprises, a smaller player in the building industry, has shown robust financial health with a net debt to equity ratio of just 2%, reflecting satisfactory leverage. Despite earnings growth of 3.2% lagging behind the industry's 9.9%, Apogee's high-quality earnings and strong interest coverage at 39.5x suggest solid operational efficiency. The company repurchased shares worth US$10.91 million recently, indicating confidence in its valuation as its P/E ratio stands at an attractive 17.7x compared to the market average of 18.4x.

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

Centrus Energy

Simply Wall St Value Rating: ★★★★★☆

Overview: Centrus Energy Corp. is a company that supplies nuclear fuel components and services to the nuclear power industry across various countries, including the United States, Belgium, and Japan, with a market cap of approximately $1.10 billion.

Operations: Centrus Energy generates revenue primarily through its Low-Enriched Uranium (LEU) segment, contributing $320.80 million, and its Technical Solutions segment, adding $71.80 million. The company's market capitalization stands at approximately $1.10 billion.

Centrus Energy, a dynamic player in the energy sector, has shown impressive growth with earnings soaring 165% over the past year. Trading at nearly 59% below its estimated fair value, it appears undervalued. The company’s net income rose to US$30.6 million for Q2 2024 from US$12.7 million a year ago, while basic earnings per share jumped to US$1.89 from US$0.84. Despite recent shareholder dilution and volatile share prices, Centrus maintains high-quality earnings and strong interest coverage capabilities.

NYSEAM:LEU Earnings and Revenue Growth as at Oct 2024
NYSEAM:LEU Earnings and Revenue Growth as at Oct 2024

AMTD Digital

Simply Wall St Value Rating: ★★★★☆☆

Overview: AMTD Digital Inc. operates in Asia, providing digital solutions across financial and non-financial services, digital media and marketing services, as well as hotel operations and VIP services, with a market cap of $837.74 million.

Operations: AMTD Digital Inc. generates revenue through digital financial and non-financial services, digital media and marketing, as well as hotel operations and VIP services. The company's market cap stands at $837.74 million.

AMTD Digital, a smaller player in the financial tech space, has been making waves with an impressive earnings growth of 88.6% over the past year, outpacing the software industry average of 23.3%. Despite its volatile share price recently, it holds a favorable price-to-earnings ratio at 13.4x compared to the US market's 18.4x. The company also benefits from having more cash than total debt and experienced a significant one-off gain of US$46 million impacting recent results.

NYSE:HKD Debt to Equity as at Oct 2024
NYSE:HKD Debt to Equity as at Oct 2024

Taking Advantage

  • Navigate through the entire inventory of 219 US Undiscovered Gems With Strong Fundamentals 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.

  • Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Interested In Other Possibilities?

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 NYSEAM:LEU 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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