In this episode, Richard Hemming from Under the Radar Report returns to break down what “quality” really means in small‑cap investing, and why the balance sheet is the first place he looks.

We cover:

• How to define quality in a small‑cap company

• Why free cash flow matters more than profit

• The key metric: Net Debt / EBITDA

• Why retailers can be both exciting and dangerous

• Case studies: Myer, KMD Brands, Kogan, Clover, Tuas, Amplitude Energy

Episode Blog Post: https://www.sharesforbeginners.com/blog/under-the-radar-quality

📈 CHECK OUT THE UNDER THE RADAR REPORT:

Find Tomorrow’s Market Winners Today Under the Radar Report uncovers quality small caps before they hit the headlines. Save 10% with promo code SFB.

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