Cobram Estate Olives Among 3 ASX Penny Stocks To Consider
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The Australian market recently experienced a downturn, with the ASX200 closing down 0.94%, driven by declines in IT, Energy, and Materials sectors. Despite these broader market challenges, there remains potential for growth within specific segments like penny stocks. Although the term "penny stocks" may seem outdated, it still captures the essence of smaller or emerging companies that can offer significant value when backed by strong financials and clear growth potential.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Financial Health Rating |
| CTI Logistics (ASX:CLX) | A$1.545 | A$120.53M | ★★★★☆☆ |
| Accent Group (ASX:AX1) | A$1.805 | A$1.02B | ★★★★☆☆ |
| EZZ Life Science Holdings (ASX:EZZ) | A$1.48 | A$69.82M | ★★★★★★ |
| IVE Group (ASX:IGL) | A$2.40 | A$370.78M | ★★★★★☆ |
| GTN (ASX:GTN) | A$0.585 | A$114.88M | ★★★★★★ |
| Bisalloy Steel Group (ASX:BIS) | A$3.24 | A$153.74M | ★★★★★★ |
| Regal Partners (ASX:RPL) | A$2.16 | A$724.46M | ★★★★★★ |
| Southern Cross Electrical Engineering (ASX:SXE) | A$1.73 | A$457.19M | ★★★★★★ |
| NRW Holdings (ASX:NWH) | A$2.71 | A$1.24B | ★★★★★☆ |
| LaserBond (ASX:LBL) | A$0.39 | A$45.76M | ★★★★★★ |
Click here to see the full list of 971 stocks from our ASX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Cobram Estate Olives
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Cobram Estate Olives Limited is involved in olive farming and the production and marketing of olive oil across Australia, the United States, and internationally, with a market cap of A$791.80 million.
Operations: The company's revenue is primarily generated from its US operation, which accounts for A$67.16 million.
Market Cap: A$791.8M
Cobram Estate Olives, with a market cap of A$791.80 million, is trading significantly below its estimated fair value and has shown robust earnings growth of 104.8% over the past year, surpassing industry averages. Despite high net debt to equity ratio at 78.3%, its interest payments are well covered by EBIT (4.6x), and operating cash flow covers debt effectively at 24%. The company reported improved profit margins and reduced net losses for the recent half-year period compared to last year, indicating financial progress despite challenges in long-term liabilities coverage by short-term assets (A$123M vs A$341.1M).
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Jump into the full analysis health report here for a deeper understanding of Cobram Estate Olives.
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Gain insights into Cobram Estate Olives' future direction by reviewing our growth report.
Plenti Group
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Plenti Group Limited operates as a fintech company specializing in lending and investment services in Australia, with a market capitalization of A$150.28 million.