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3 ASX Penny Stocks With Market Caps Under A$100M To Consider

Simply Wall St · 1d ago

The Australian market is experiencing a cautious start today, with the S&P/ASX 200 expected to open lower amid global tensions and rising oil prices. Despite this backdrop, investors continue to seek opportunities in various segments of the market, including penny stocks. Although often seen as a throwback term, penny stocks still represent smaller or newer companies that can offer significant potential when backed by solid financials.

Here's a peek at a few of the choices from the screener.

Austco Healthcare (ASX:AHC)

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

Overview: Austco Healthcare Limited develops, manufactures, services, supplies, and distributes healthcare communications equipment and software across Australia, New Zealand, Asia, Europe, and North America with a market cap of A$95.56 million.

Operations: The company generates revenue from its healthcare communications equipment and software primarily in Australia/New Zealand (A$55.76 million), North America (A$43.39 million), Asia (A$6.71 million), and Europe (A$4.37 million).

Market Cap: A$95.56M

Austco Healthcare Limited, with a market cap of A$95.56 million, has demonstrated robust earnings growth, outpacing the Medical Equipment industry with a 51.8% increase over the past year. The company operates debt-free and maintains strong financial health, as evidenced by its short-term assets exceeding both short and long-term liabilities. Its recent earnings report highlights a rise in sales to A$94.24 million and net income to A$9.01 million for the year ended June 30, 2026. Despite having low return on equity at 14.5%, Austco is trading at significant value below its estimated fair value.

ASX:AHC Financial Position Analysis as at Sep 2026
ASX:AHC Financial Position Analysis as at Sep 2026

Ai-Media Technologies (ASX:AIM)

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

Overview: Ai-Media Technologies Limited offers captioning, transcription, and translation services across multiple regions including Australia, New Zealand, Singapore, Malaysia, North America, and the United Kingdom with a market cap of A$55.70 million.

Operations: The company generates revenue of A$60.20 million from its Internet Software & Services segment.

Market Cap: A$55.7M

Ai-Media Technologies Limited, with a market cap of A$55.70 million, reported a decline in sales to A$60.20 million for the year ended June 30, 2026, alongside an increased net loss of A$4.22 million. Despite being unprofitable, the company benefits from experienced management and no debt burden. Its short-term assets significantly exceed liabilities, providing financial stability. Trading at a substantial discount to its estimated fair value and possessing a cash runway exceeding three years due to positive free cash flow growth, Ai-Media is positioned for potential revenue growth despite current challenges in profitability and board experience.

ASX:AIM Financial Position Analysis as at Sep 2026
ASX:AIM Financial Position Analysis as at Sep 2026

Centrepoint Alliance (ASX:CAF)

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

Overview: Centrepoint Alliance Limited, along with its subsidiaries, offers financial advice and licensee support services in Australia, with a market cap of A$83.00 million.

Operations: The company's revenue is primarily derived from Licensee and Advice Services (A$362.05 million), with additional contributions from Funds Management and Administration (A$2.43 million) and Consulting Services (A$1.71 million).

Market Cap: A$83M

Centrepoint Alliance Limited, with a market cap of A$83 million, reported increased sales of A$365.56 million for the year ended June 30, 2026, and net income rose to A$6.4 million from the previous year. The company demonstrates stable weekly volatility and experienced management with an average tenure of 5.9 years. Its debt is well covered by operating cash flow, and short-term assets exceed both short-term and long-term liabilities. However, while trading below its estimated fair value, its dividend yield of 7.59% is not well supported by earnings or free cash flows despite strong earnings growth over the past year.

ASX:CAF Revenue & Expenses Breakdown as at Sep 2026
ASX:CAF Revenue & Expenses Breakdown as at Sep 2026

Where To Now?

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.