Discover 3 ASX Penny Stocks With Market Caps Over A$100M

Operations: The company’s revenue is derived from its Asia Pacific segment, contributing A$98.75 million, and its North America segment, which adds A$12.26 million.

Market Cap: A$115.56M

COSOL Limited, with a market cap of A$115.56 million, operates across various international markets, deriving significant revenue from its Asia Pacific and North America segments. The company has demonstrated high-quality earnings and trades at a lower price-to-earnings ratio compared to the Australian market average. While its interest payments are well covered by EBIT, short-term assets do not cover long-term liabilities. Despite an increase in debt-to-equity ratio over five years, it remains satisfactory. COSOL’s earnings have grown significantly over the past five years but recently slowed below industry growth rates; however, future forecasts predict a 19.34% annual growth rate in earnings.

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Metals X Limited is an Australian company focused on the production of tin, with a market capitalization of A$505.24 million.

Operations: The company generates revenue from its 50% ownership in the Renison Tin Operation, amounting to A$218.82 million.

Market Cap: A$505.24M

Metals X Limited, with a market cap of A$505.24 million, has shown impressive financial performance with its earnings growing by a very large 601.7% over the past year, significantly outpacing the industry. The company benefits from experienced management and board members and maintains strong liquidity, as short-term assets exceed both short- and long-term liabilities. Its debt is well covered by operating cash flow, indicating robust financial health. Despite a large one-off gain impacting recent results, Metals X’s profitability has accelerated over five years while maintaining high return on equity at 23.9%, suggesting efficient use of capital resources.

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 ASX:ARX ASX:COS and ASX:MLX.

This article was originally published by Simply Wall St.

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