Forbes Asia’s Best Under a Billion list, which highlights 200 small and midsized publicly traded companies in the Asia-Pacific region with annual sales above US$10 million and below US$1 billion, has recognised 18 Australian businesses.
From a universe of 20,000 listed companies, Forbes Asia says its candidates were selected, not ranked, based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings-per-share growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity.
Here are the 18 Australian companies that featured on the list.
| NAME | SALES (US$) | NET INCOME (US$) | MARKET VALUE (US$) |
| Acrow Formwork and Construction Services | $102M | $11M | $91M |
| Alkane Resources | $120M | $51M | $284M |
| ARB | $504M | $88M | $1.76B |
| AUB Group | $244M | $59M | $1.17B |
| Byron Energy | $65M | $22M | $111M |
| Fiducian Group | $50M | $10M | $162M |
| HiTech Group Australia | $46M | $3M | $51M |
| IDP Education | $573M | $74M | $4.93B |
| Imdex | $248M | $32M | $494M |
| Jumbo Interactive | $76M | $23M | $672M |
| Korvest | $72M | $8M | $57M |
| Netwealth Group | $145M | $45M | $2.39B |
| Objective Corp. | $77M | $14M | $1.02B |
| OFX Group | $156M | $21M | $412M |
| Pro Medicus | $68M | $32M | $3.4B |
| PWR Holdings | $73M | $15M | $504M |
| Vmoto | $81M | $7M | $72M |
| Wisetech Global | $458M | $141M | $9.41B |
Forbes Asia says companies on this year’s list outperformed despite global headwinds like inflation and rising funding costs. Companies in chipmaking and related industries performed particularly well, thanks to increased demand for semiconductors and the increased adoption of artificial intelligence.
To see the methodology and the entire Forbes Asia’s Best Under A Billion list, click here.
