JSE Stock Ideas: Diamonds in the Rough?

April 21, 2024
Josh Viljoen
Josh Viljoen

Looking for ideas of some stocks on the JSE that may be potentially undervalued?


Need some ideas of value stocks on the JSE to research? Here are some shares listed on the JSE with a market cap > R1b that meet the following criteria:

1. Price to Earnings < 7
2. Price to Free Cash Flow < 7
3. Return on Invested Capital > 15%
4. Debt to Equity < 0.4


1. Frontier Transport Holdings

Frontier Transport Holdings Limited is a South Africa-based investment holding company focused on providing passenger services to the mobility and logistics sectors.


2. Gemfields

Gemfields Group Ltd is a company incorporated in Guernsey and headquartered in London, United Kingdom, and is a supplier of coloured gemstones. The company specializes in the mining, processing and sale of coloured gemstones, in particular emeralds and rubies.


3. Merafe Resources

Merafe Resources Ltd is a mining company that focuses on the production of ferrochrome. It carries out the chrome mining and the beneficiation of chrome ore into ferrochrome. Merafe operates through its joint venture with Glencore-Merafe Chrome Venture.


4. Choppies Enterprises

Choppies Enterprises Limited is a Botswana multinational grocery and general merchandise retailer headquartered in Gaborone, Botswana. The retailer initially sold only food-based and other fast-moving consumer goods.


5. South 32

South32 is a mining and metals company headquartered in Perth, Western Australia. It was spun out of BHP Billiton on 18 May 2015. It is listed on the Australian Securities Exchange with secondary listings on the Johannesburg and London Stock Exchanges.


6. Santova

Santova is an international technology-based trade solutions specialist listed on the JSE. Their focus is on assisting companies to differentiate themselves from their competitors through multi-dimensional innovative global trade solutions.


7. Sibanye Stillwater

Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents.


8. Thungela

Thungela is a leading SA thermal coal business, focused exclusively on thermal coal production. It is one of the largest pure-play producers and exporters of thermal coal in SA based on aggregate coal reserves and marketable coal production.


9. Tharisa Plc

Tharisa is an integrated resource group. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers.

Thanks for making it to the end. This is not financial advice but merely for educational and informational purposes.

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