Undiscovered Gems in United States for August 2024
In This Article:
The market has climbed 3.1% in the last 7 days, with a gain of 4.4%, and is up 25% over the last 12 months, with earnings forecast to grow by 15% annually. In this thriving environment, identifying undiscovered gems that have strong fundamentals and growth potential can be particularly rewarding for investors looking to capitalize on these favorable conditions.
Top 10 Undiscovered Gems With Strong Fundamentals In The United States
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Morris State Bancshares | 10.20% | -0.32% | 6.73% | ★★★★★★ |
| River Financial | 122.41% | 16.43% | 18.50% | ★★★★★★ |
| San Juan Basin Royalty Trust | NA | 39.20% | 40.92% | ★★★★★★ |
| Teekay | NA | -6.48% | 55.79% | ★★★★★★ |
| Mission Bancorp | 25.37% | 16.23% | 20.16% | ★★★★★★ |
| First Northern Community Bancorp | NA | 7.12% | 10.04% | ★★★★★★ |
| Omega Flex | NA | 1.31% | 3.88% | ★★★★★★ |
| Associated Capital Group | NA | -7.78% | 8.48% | ★★★★★★ |
| Valhi | 38.71% | 2.57% | -19.76% | ★★★★★☆ |
| FRMO | 0.17% | 12.99% | 23.62% | ★★★★☆☆ |
Let's dive into some prime choices out of from the screener.
Merchants Bancorp
Simply Wall St Value Rating: ★★★★★☆
Overview: Merchants Bancorp is a diversified bank holding company in the United States with a market cap of $1.99 billion.
Operations: Merchants Bancorp generates revenue primarily from Banking ($324.39 million), Multi-Family Mortgage Banking ($155.67 million), and Mortgage Warehousing ($132.25 million).
Earnings for Merchants Bancorp surged by 40.6% over the past year, outpacing the Diversified Financial industry’s 12.5%. The company has total assets of US$18.2 billion and total equity of US$1.9 billion, with deposits reaching US$14.9 billion and loans at US$10.9 billion, earning a net interest margin of 3.1%. Despite trading at 60% below its estimated fair value, MBIN faces an insufficient allowance for bad loans at 56%, though non-performing loans are low at 1.3%.
Himax Technologies
Simply Wall St Value Rating: ★★★★★☆
Overview: Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies across China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States with a market cap of $1.03 billion.
Operations: Himax Technologies generates revenue primarily through the sale of display imaging processing technologies. The company has a market cap of $1.03 billion.
Himax Technologies has shown promising growth with earnings increasing 16% over the past year, outperforming the semiconductor industry's -5.9%. The company's net debt to equity ratio stands at a satisfactory 27.4%, reflecting prudent financial management. Trading at a price-to-earnings ratio of 13.9x, it offers good value compared to the US market's 17.9x. Recent innovations like the T2000 ePaper timing controller highlight its commitment to cutting-edge technology and market adaptability.