Three ASX Penny Stocks with Market Caps up to A$1 Billion

2 min read | January 21, 2025 11:32 AM AEDT | By Team Kalkine Media

Three ASX Penny Stocks with Market Caps up to A$1 Billion — Image source: Shutterstock

Catapult Group International (ASX:CAT)

Catapult Group International Ltd, with a market cap of A$926.61 million, specializes in sports science and analytics solutions. It aims to enhance athlete performance and reduce injury risks across several global regions. Despite recording a net loss, the company's revenue has shown growth, and it boasts a strong cash position thanks to positive free cash flow.

LGI (ASX:LGI)

LGI Limited, valued at A$263.76 million, focuses on carbon abatement and renewable energy through biogas utilization. Despite a recent slowdown, LGI's earnings have averaged a 31.2% annual growth over five years. The company maintains strong debt management and a satisfactory asset-to-liability ratio.

MyState (ASX:MYS)

With a A$488.15 million market cap, MyState Limited operates in banking and wealth management. The company has faced a dip in earnings growth but anticipates a rebound. It is well-positioned financially, despite a high loans-to-deposits ratio, and potentially undervalued with a P/E ratio below the market average.

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