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

Simply Wall St

Sun, Jun 29, 2025, 4:02 PM 4 min read

Australian shares are set to close out the first half of the trading year on a positive note, buoyed by Wall Street’s momentum towards all-time highs and a revitalized IPO market. Amid this optimism, investors are turning their attention to penny stocks—a term that may seem outdated but continues to signify potential growth opportunities at lower price points. These smaller or newer companies can offer significant upside when they possess strong financials and fundamentals, making them an intriguing option for those looking beyond the larger market players.

Click here to see the full list of 473 stocks from our ASX Penny Stocks screener.

Let’s review some notable picks from our screened stocks.

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

Overview: Bisalloy Steel Group Limited manufactures and sells quenched and tempered, high-tensile, and abrasion-resistant steel plates in Australia, Indonesia, Thailand, and internationally with a market cap of A$178.89 million.

Operations: The company generates revenue primarily from its operations in Australia, amounting to A$103.30 million.

Market Cap: A$178.89M

Bisalloy Steel Group, with a market cap of A$178.89 million, demonstrates financial stability and growth potential in the penny stock segment. Its short-term assets of A$88.7 million comfortably cover both short-term (A$44.6M) and long-term liabilities (A$7.1M), while having more cash than total debt enhances its financial health. The company’s earnings have grown 19.3% annually over five years, supported by high-quality earnings and a robust return on equity of 21.7%. Despite a slightly slower recent growth rate of 14%, Bisalloy remains well-positioned with stable weekly volatility and no significant shareholder dilution recently observed.

• Jump into the full analysis health report here for a deeper understanding of Bisalloy Steel Group.

• Evaluate Bisalloy Steel Group’s prospects by accessing our earnings growth report.

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