2 spectacular value stocks you've probably never heard of

I believe floor coverings specialist Headlam (LSE: HEAD) is a terrific selection for both growth and income hunters. And those concerned by the possible impact of Brexit should take confidence from the firm's latest set of trading results.

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The business advised in August that group revenues rose 4.8% during January-June, to £328.7m, a result that propelled pre-tax profit 22.4% higher to £15.11m.

And the company is coping well with the impact of June's referendum, at least so far. Market share grabs in the UK pushed like-for-like sales 3.4% higher during the half year, while price increases introduced in Europe to mitigate recent sterling weakness "have had no adverse impact on the level of residential revenues," Headlam advised.

City brokers expect the double-digit earnings rises of recent years to slow, with only a fractional uptick projected for 2016. But momentum is expected to pick back up from next year, and a 5% advance has been pencilled-in.

These forecasts have Headlam dealing on P/E ratings of 14.4 times and 13.8 times, leaving the Footsie blue-chip average of 15 times in its wake.

And the FTSE Small Cap also beats its bigger rivals in the dividend stakes, too -- a predicted payout of 23.1p per share for the current period yields 4.7%, smashing the FTSE 100 mean of 3.5% by some distance. And an estimated reward of 22.5p for 2017 creates a bumper 4.6% yield.

Generate a fortune

But Headlam isn't the only top-tier blue chip going for a song. Indeed, I reckon power supply provider XP Power(LSE: XPP) is also a great pick for value hunters.

The company announced just today that revenues galloped 13% higher between January and September, to £92.6m.

And bubbly order activity suggests that sales should continue to surge at XP Power. Total orders for January-September clocked in at £95.8m, up 19% year-on-year. And third quarter order intake registered at £34.2m, taking out the previous record high of £31.3m hit in the previous three months.

The numbers prompted XP Power to comment that "momentum in our order intake is encouraging, particularly as we are starting to see our North American markets return to growth." And the business expects that new design wins during the period "will translate to orders as our customers' projects move to production phase over the coming years."

The news has sent XP Power back within a whisker of three-and-a-half-year highs above £17.30 per share. And I believe the firm provides brilliant value despite this fresh ascent.

Predicted earnings rises of 4% and 8% for this year and next produce very reasonable P/E ratings of 16 times and 14.8 times respectively. And expected dividends of 70p per share for 2016, and 74.3p for 2017, result in chunky yields of 4% and 4.3%.

Make super returns

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Royston Wild has no position in any shares mentioned. The Motley Fool UK has recommended XP Power. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.