ASX Stocks Estimated To Be Below Value In June 2024

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Amidst fluctuations in the ASX200 and sector-specific downturns, particularly in IT and Energy, investors are keenly observing market movements for potential opportunities. In such an environment, identifying undervalued stocks becomes crucial as it might offer a strategic advantage in navigating through these challenging market conditions.

Top 10 Undervalued Stocks Based On Cash Flows In Australia

Name

Current Price

Fair Value (Est)

Discount (Est)

Smart Parking (ASX:SPZ)

A$0.48

A$0.96

49.9%

Charter Hall Group (ASX:CHC)

A$12.17

A$22.71

46.4%

HMC Capital (ASX:HMC)

A$7.37

A$14.21

48.1%

ReadyTech Holdings (ASX:RDY)

A$3.18

A$5.96

46.6%

Atturra (ASX:ATA)

A$0.765

A$1.51

49.4%

hipages Group Holdings (ASX:HPG)

A$1.10

A$1.95

43.5%

IPH (ASX:IPH)

A$6.18

A$11.36

45.6%

Millennium Services Group (ASX:MIL)

A$1.145

A$2.24

48.9%

SiteMinder (ASX:SDR)

A$4.87

A$8.91

45.3%

Treasury Wine Estates (ASX:TWE)

A$11.99

A$20.61

41.8%

Click here to see the full list of 49 stocks from our Undervalued ASX Stocks Based On Cash Flows screener.

Here's a peek at a few of the choices from the screener

Life360

Overview: Life360, Inc. is a global technology company that provides a platform for locating people, pets, and things, with operations spanning North America, Europe, the Middle East, Africa, and other international markets; it has a market capitalization of A$3.40 billion.

Operations: The company generates revenue primarily through its software and programming segment, amounting to $314.60 million.

Estimated Discount To Fair Value: 35.6%

Life360, recently added to the NASDAQ Composite Index and completing a A$155.25 million equity offering, appears undervalued based on cash flows. Trading at A$15.44, significantly below the estimated fair value of A$23.97, the company is poised for profitability within three years amidst robust revenue growth forecasts (15.1% annually). However, recent substantial insider selling and shareholder dilution over the past year temper its prospects despite these positive indicators.

ASX:360 Discounted Cash Flow as at Jun 2024
ASX:360 Discounted Cash Flow as at Jun 2024

Goodman Group

Overview: Goodman Group is an integrated property group that operates in Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas, with a market capitalization of approximately A$67.10 billion.

Operations: The company generates its revenue from integrated property operations across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas.