The Australian market has recently experienced turbulence, influenced by global tech sell-offs and concerns about its reliance on traditional sectors like mining and agriculture. Despite these challenges, there are still opportunities for investors to explore, particularly in the realm of penny stocks. Although the term ‘penny stock’ might seem outdated, it remains relevant as these smaller or newer companies can offer significant growth potential when supported by strong financials.
Here’s a peek at a few of the choices from the screener.
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Aussie Broadband Limited offers telecommunications and technology services in Australia, with a market cap of A$1.43 billion.
Operations: The company’s revenue is derived from several segments, including Residential (A$676.81 million), Symbio Group (A$214.48 million), Business (A$108.07 million), Wholesale (A$89.99 million), and Enterprise and Government (A$97.79 million).
Market Cap: A$1.43B
Aussie Broadband Limited, with a market cap of A$1.43 billion, has shown consistent earnings growth, achieving profitability over the past five years with a notable 60.3% annual increase. The company maintains a satisfactory net debt to equity ratio of 14.1% and covers interest payments well at 4.3x EBIT coverage. While its short-term assets exceed liabilities, long-term liabilities remain uncovered by short-term assets (A$264.2M vs A$289.1M). Recent executive changes include the appointment of Darren Rowland as CFO to support strategic growth initiatives amidst discussions on acquiring AGL Energy’s telecommunications business, potentially expanding its customer base and service offerings.
ASX:ABB Financial Position Analysis as at Feb 2026
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Perenti Limited is a global mining services company with a market capitalization of A$2.48 billion.
Operations: The company’s revenue is primarily derived from Contract Mining Services at A$2.52 billion, followed by Drilling Services at A$778.13 million, and Mining and Technology Services at A$225.71 million.
Market Cap: A$2.48B
Perenti Limited, with a market cap of A$2.48 billion, has demonstrated robust earnings growth over the past five years, averaging 49.6% annually. Recent earnings growth of 26.3%, although below its five-year average, still outpaces the industry rate. The company’s financial health is reinforced by short-term assets exceeding both short and long-term liabilities and a satisfactory net debt to equity ratio of 14.1%. While interest payments are well-covered by EBIT (3.3x), Perenti’s return on equity remains low at 7.4%. Despite an unstable dividend history, it trades at a significant discount to estimated fair value.
ASX:PRN Debt to Equity History and Analysis as at Feb 2026
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Weebit Nano Limited develops non-volatile memory using resistive random access memory technology with operations in South Korea and the United States, and has a market cap of A$1.03 billion.
Operations: The company’s revenue of A$4.41 million is derived from its Memory and Semiconductor Technology Development segment.
Market Cap: A$1.03B
Weebit Nano, with a market cap of A$1.03 billion, is focused on developing non-volatile memory technology and remains pre-revenue with A$4.41 million in revenue from its Memory and Semiconductor Technology Development segment. The company is currently unprofitable, with losses increasing at 28.3% annually over the past five years; however, it has no debt and a strong cash runway exceeding three years. Recent developments include licensing its ReRAM technology to Texas Instruments for integration into advanced semiconductors, alongside providing revenue guidance of at least $10 million for fiscal year 2026—indicating potential growth prospects despite current financial challenges.
ASX:WBT Revenue & Expenses Breakdown as at Feb 2026
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:ABB ASX:PRN and ASX:WBT.
This article was originally published by Simply Wall St.
