Exploring Undervalued Opportunities On Euronext Paris With Stocks Discounted Between 15.4% And 41.7%
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As France approaches a pivotal snap election, the market has shown signs of volatility with the CAC 40 Index experiencing a notable decline. Amidst this environment, identifying undervalued stocks can offer investors potential opportunities for growth as they navigate through these uncertain times.
Top 10 Undervalued Stocks Based On Cash Flows In France
| Name | Current Price | Fair Value (Est) | Discount (Est) |
| Wavestone (ENXTPA:WAVE) | €54.60 | €93.67 | 41.7% |
| Lectra (ENXTPA:LSS) | €28.35 | €44.30 | 36% |
| Arcure (ENXTPA:ALCUR) | €5.52 | €7.66 | 28.0% |
| Vivendi (ENXTPA:VIV) | €9.838 | €16.02 | 38.6% |
| Figeac Aero Société Anonyme (ENXTPA:FGA) | €6.02 | €9.92 | 39.3% |
| Tikehau Capital (ENXTPA:TKO) | €21.30 | €32.15 | 33.7% |
| Esker (ENXTPA:ALESK) | €183.10 | €261.11 | 29.9% |
| Antin Infrastructure Partners SAS (ENXTPA:ANTIN) | €11.72 | €15.29 | 23.4% |
| Thales (ENXTPA:HO) | €151.50 | €263.69 | 42.5% |
| Groupe Airwell Société anonyme (ENXTPA:ALAIR) | €3.84 | €6.30 | 39.1% |
Underneath we present a selection of stocks filtered out by our screen
Edenred
Overview: Edenred SE operates a global digital platform offering services and payments solutions for companies, employees, and merchants, with a market capitalization of approximately €9.97 billion.
Operations: The company generates its revenue primarily from business services, which accounted for €2.31 billion.
Estimated Discount To Fair Value: 15.4%
Edenred, priced at €40.1, is trading 15.4% below our fair value estimate of €47.43, indicating undervaluation based on discounted cash flows. The company's earnings are expected to grow by 20.3% annually, outpacing the French market's 10.9%. However, Edenred carries a high level of debt and its dividend coverage is weak with a yield of 2.74%. Analyst consensus suggests a potential price increase of 54.4%. Recent activities include a Q1 sales statement and an annual general meeting in April 2024.
Figeac Aero Société Anonyme
Overview: Figeac Aero Société Anonyme is a company based in France that manufactures, supplies, and sells equipment and sub-assemblies for the aeronautics sector, with a market capitalization of approximately €238.09 million.
Operations: The company generates its revenue by manufacturing, supplying, and selling aeronautics equipment and sub-assemblies primarily in France.
Estimated Discount To Fair Value: 39.3%
Figeac Aero, priced at €6.02, is significantly undervalued with a fair value estimate of €9.92. It's expected to grow earnings by 93.51% annually, surpassing the market forecast and transitioning into profitability within three years. Despite slower revenue growth at 8.9% compared to the broader market's expectation of 20%, it outperforms the French market average of 5.7%. Recent reports show an improvement in financials with sales reaching €397.2 million and a reduced net loss from the previous year.