Undiscovered Gems in Australia for February 2026

Over the last 7 days, the Australian market has experienced a slight dip of 1.5%, yet it remains up by 4.8% over the past year with earnings expected to grow by 12% annually. In this environment, identifying stocks that are not only resilient but also poised for growth can provide valuable opportunities for investors seeking to capitalize on potential market gains.

Top 10 Undiscovered Gems With Strong Fundamentals In Australia

Name Debt To Equity Revenue Growth Earnings Growth Health Rating
Fiducian Group NA 10.00% 9.57% ★★★★★★
Rand Mining NA 10.19% 2.74% ★★★★★★
Joyce NA 9.93% 17.54% ★★★★★★
Hearts and Minds Investments NA 56.27% 59.19% ★★★★★★
Euroz Hartleys Group NA 1.82% -25.32% ★★★★★★
Focus Minerals NA 75.35% 51.34% ★★★★★★
Energy World NA -47.50% -44.86% ★★★★★☆
AMCIL NA 2.99% 1.18% ★★★★★☆
Zimplats Holdings 5.44% -9.79% -42.03% ★★★★★☆
Australian United Investment 1.90% 5.23% 4.56% ★★★★☆☆

Click here to see the full list of 64 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

Ainsworth Game Technology

Simply Wall St Value Rating: ★★★★★★

Overview: Ainsworth Game Technology Limited is a company that designs, develops, manufactures, sells, distributes, and services electronic gaming machines and related equipment globally with a market cap of approximately A$363.74 million.

Operations: The primary revenue stream for Ainsworth Game Technology comes from the sale and service of gaming machines and related equipment, generating approximately A$294.76 million. The company’s financial performance is influenced by its ability to manage production costs and operational expenses effectively, impacting its overall profitability.

Ainsworth Game Technology, a relatively small player in the gaming sector, has shown remarkable earnings growth of 289% over the past year, significantly outpacing the Hospitality industry’s -8.2%. Despite this impressive performance, a one-off loss of A$5.1M impacted its financial results for the year ending June 2025. The company’s debt situation seems manageable, with a reduction in its debt-to-equity ratio from 12.4% to 3.1% over five years and more cash than total debt on hand. Trading at about 24.6% below estimated fair value suggests potential upside for investors considering this stock’s prospects amidst industry challenges.

ASX:AGI Debt to Equity as at Feb 2026IVE Group

Simply Wall St Value Rating: ★★★★★☆

Overview: IVE Group Limited, along with its subsidiaries, operates in the marketing industry in Australia and has a market capitalization of approximately A$468.58 million.

Operations: IVE Group generates revenue primarily from its advertising segment, amounting to A$959.25 million.

IVE Group, a standout in Australia’s media sector, has shown impressive growth with earnings surging 69.2% over the past year, outpacing the broader industry at just 0.9%. The company seems to be trading at a significant discount of 71.5% below its estimated fair value, suggesting potential upside for investors. Despite carrying a high net debt to equity ratio of 51.7%, IVE’s interest payments are well-covered by EBIT at 5.1x coverage, reflecting solid financial management. With high-quality earnings and positive free cash flow, IVE is positioned as an intriguing prospect within its market segment.

ASX:IGL Earnings and Revenue Growth as at Feb 2026Tasmea

Simply Wall St Value Rating: ★★★★★☆

Overview: Tasmea Limited specializes in providing shutdown, maintenance, emergency breakdown, and capital upgrade services across Australia with a market capitalization of A$1.10 billion.

Operations: With a market capitalization of A$1.10 billion, Tasmea Limited generates revenue primarily from Electrical Services (A$212.71 million), Civil Services (A$103.07 million), Mechanical Services (A$144.87 million), and Water & Fluid services (A$87.06 million).

Tasmea shows potential with earnings growth of 74.9% over the past year, outpacing the construction industry’s 6.5%. Trading at 13.9% below estimated fair value, it seems undervalued in its sector. Despite a high net debt to equity ratio of 59.8%, Tasmea has improved its financial health by reducing this from 110.9% to 70.8% over five years and maintains strong interest coverage at 10.5 times EBIT, indicating robust profitability and operational efficiency. The recent A$27.5 million equity offering could support future expansion efforts like their WorkPac acquisition, hinting at strategic growth plans ahead for this small player in the market.

ASX:TEA Earnings and Revenue Growth as at Feb 2026Key Takeaways

Contemplating Other Strategies?

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:AGI ASX:IGL and ASX:TEA.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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