Section 1: Kalkine’s Rank on Select Small-Cap Stocks
Kalkine’s Small-Cap Stocks ranking report aims to reflect companies with low market capitalisation and a track record of historical revenue growth, positive operating cash flow, and low debt-to-equity ratio alongside other fundamental metrics defined below.
Note: Selected Small-Cap Stocks are ranked from low to high using Kalkine’s unique ranking methodology, where-in low rank implies better fundamental metrics performance versus other stocks in the basket. Refer to Section 5 for more details on metrics used in ranking the Small-Cap Stocks from low to high.
Section 2: Stock Price Performance, Key Financial and Technical Highlights
Data Source: REFINITIV; Analysis by Kalkine Group
Note: 3Y Avg = 3 Years Average; 5Y Avg = 5 Years Average; EBITDA refers to Earnings Before Interest, Tax, Depreciation & Amortization, LTM refers to the last twelve months, LFY refers to Last Fiscal Year
Section 3: Key Broker Consensus Data on Small-Cap Stocks
Section 4: Recent Business Updates and Outlook of Small-Cap Stocks
Section 5: Kalkine’s Unique Small-Cap Stocks Ranking Method
ASX-listed Small-Cap Stocks are scored based on the below set of quantitative fundamental criteria’s as per Kalkine’s unique scoring methodology. The objective is to screen the companies with favourable fundamentals and a track record of revenue growth and operating cash flow for 3 years. Only stocks that scored highest and met the selection criterias based on all of the above quantitative fundamental metrics were further scored. The scoring was done among all the screened stocks based on their fundamental performance relative to the stock basket selected.
As a next step, the stocks are ranked from low to high, where-in lower the rank, the better it is, considering the better financial performance versus other stocks identified.
Kalkine’s Small-Cap Score-Break Up
Source: Kalkine Group; Copyright © 2023 Krish Capital Pty. Ltd.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 15 November 2023. The reference data in this report has been partly sourced from REFINITIV.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Disclaimer-
This report has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.
Any advice provided in this report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your objectives, financial situation and needs before acting upon it.
There may be a Product Disclosure Statement, Information Statement or other offer document for the securities or other financial products referred to in Kalkine reports. You should obtain a copy of the relevant Product Disclosure Statement, Information Statement or offer document and consider the statement or document before making any decision about whether to acquire the security or product.
You should also seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice in this report or on the Kalkine website. Not all investments are appropriate for all people.
The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice.
Kalkine does not guarantee the performance of, or returns on, any investment. To the extent permitted by law, Kalkine excludes all liability for any loss or damage arising from the use of this report, the Kalkine website and any information published on the Kalkine website (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine hereby limits its liability, to the extent permitted by law, to the resupply of services. Please note past performance is neither an indicator nor a guarantee of future performance.
Please also read our Terms & Conditions and Financial Services Guide for further information.
Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this report or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.
Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this Report.