ASX All Ords stocks are a great hunting ground for opportunities because they can deliver much more growth than an ASX blue-chip share. The All Ordinaries (ASX: XAO) is full of interesting names.
Smaller businesses are much earlier in their growth journey, but are typically undervalued by the market for their potential earnings growth. When we pick the right names, it can lead to strong, market-beating returns.
If I were looking to beat the market, the two names below are ones I'd consider.
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Aeris Resources Ltd (ASX: AIS)
Aeris describes itself as an Australian mid-tier copper and gold producer. It has two copper projects, expected to deliver between 40kt and 49kt in FY26.
On top of that, the business has multiple development projects, and it's also investing in exploration. This gives it a strong platform for growth over the longer-term.
I'm expecting copper prices to rise over the longer term due to rising demand, driven by global electricity grid expansion, electric vehicles, data centres, renewable energy, batteries, and so on.
The FY26 half-year result showed how the business can deliver improving profitability amid higher commodity prices – revenue grew by 4.6%, gross profit increased 57% to $93.5 million, net profit after tax (NPAT) rose 62% to $47.9 million, and operating cash flow surged 67% to $97.3 million.
The Aeris Resources share price is down by 46% since January 2026, making it a much cheaper buy.
According to the forecast on CMC Invest, the ASX All Ords stock is now valued at just 2x FY26's estimated earnings.
Australian Ethical Investment Ltd (ASX: AEF)
Australian Ethical is a fund manager that aims to provide investors with investment options that align with their ethical beliefs about what they would and wouldn't want to invest in.
For example, it avoids certain industries, such as fossil fuels, nuclear, and tobacco, while actively supporting positive ones, such as renewable energy, healthcare, IT, and others.
One of the most appealing aspects of Australian Ethical as an investment is its superannuation offering. This offers both long-term funds under management (FUM) and growth from regular superannuation contributions.
For example, in the FY26 third quarter, the business reported net inflows of $0.1 billion, with the vast majority coming from the superannuation channel. Short-term market volatility can affect FUM and the earnings trajectory, but a sell-off can be an opportunity for a rebound.
At the end of March, Australian Ethical expanded its private markets offering with the launch of the Australian Ethical Growth Opportunities Fund. This provides wholesale investors with access to long-term, ethically aligned private-market investments. The new fund has received a cornerstone institutional commitment of up to $125 million from the Clean Energy Finance Corporation (CEFC).
According to the forecast on CMC Invest, the ASX All Ords stock is valued at 20x FY26's estimated earnings.
