As December 2024 unfolds, global markets are navigating a complex landscape marked by cautious Federal Reserve commentary and looming political uncertainties. Smaller-cap stocks have been particularly impacted, with indices like the S&P 600 experiencing notable declines amid broader market volatility. In this environment, identifying promising stocks involves looking for companies that demonstrate resilience and potential for growth despite economic headwinds -- qualities that can transform them into undiscovered gems in the investment arena.

Click here to see the full list of 4612 stocks from our Undiscovered Gems With Strong Fundamentals screener.

Underneath we present a selection of stocks filtered out by our screen.

Simply Wall St Value Rating: ★★★★★★

Overview: Hwang Chang General Contractor Co., Ltd operates as a contractor for civil engineering projects in Taiwan with a market capitalization of approximately NT$30.49 billion.

Operations: Hwang Chang General Contractor generates revenue primarily from its Construction Engineering Division, contributing NT$11.47 billion, and the Concrete Department, adding NT$1.95 billion. The company experienced an adjustment and write-off of -NT$0.77 billion in its financials.

Hwang Chang General Contractor, a nimble player in the construction sector, posted impressive earnings growth of 388% over the past year, outpacing the industry average of 9%. The company's net income for Q3 reached TWD 318 million, a notable jump from TWD 165 million last year. Despite some shareholder dilution and share price volatility recently, its debt to equity ratio improved from 73.8% to 31.5% over five years. With interest payments well covered by EBIT at a multiple of 46 and satisfactory net debt levels at 19%, Hwang Chang shows resilience amidst market fluctuations.