November 2024's Stocks That May Be Trading Below Estimated Value


In the midst of a turbulent week marked by lower major indexes and mixed economic signals, global markets are navigating a complex landscape. With growth stocks lagging behind value shares and manufacturing activity continuing its slump, investors are increasingly on the lookout for opportunities that may be trading below their estimated value. In such an environment, identifying undervalued stocks becomes crucial as these equities might offer potential for appreciation when market conditions stabilize.

Name

Current Price

Fair Value (Est)

Discount (Est)

First National (NasdaqCM:FXNC)

US$22.50

US$44.83

49.8%

Harmony Gold Mining (JSE:HAR)

ZAR180.36

ZAR359.54

49.8%

Lindab International (OM:LIAB)

SEK226.80

SEK450.91

49.7%

West Bancorporation (NasdaqGS:WTBA)

US$23.49

US$46.79

49.8%

Ligand Pharmaceuticals (NasdaqGM:LGND)

US$129.90

US$258.67

49.8%

Redcentric (AIM:RCN)

£1.1775

£2.35

50%

DoubleVerify Holdings (NYSE:DV)

US$19.72

US$39.40

49.9%

Laboratorio Reig Jofre (BME:RJF)

€2.89

€5.74

49.6%

Alnylam Pharmaceuticals (NasdaqGS:ALNY)

US$272.22

US$544.40

50%

Fine Foods & Pharmaceuticals N.T.M (BIT:FF)

€8.24

€16.38

49.7%

Click here to see the full list of 922 stocks from our Undervalued Stocks Based On Cash Flows screener.

Here’s a peek at a few of the choices from the screener.

Overview: Iveco Group N.V. is involved in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for various applications globally with a market cap of approximately €2.70 billion.

Operations: The company’s revenue segments include Powertrain generating €3.96 billion and Financial Services contributing €565 million.

Estimated Discount To Fair Value: 32.8%

Iveco Group is trading at €10.2, significantly below its estimated fair value of €15.18, highlighting potential undervaluation based on cash flows. Despite high debt levels and recent volatility in share price, the company’s earnings are projected to grow substantially at 31.9% annually, outpacing the Italian market’s growth rate. Recent strategic alliances and steady net income improvements further bolster its financial position despite slower revenue growth compared to peers in the Italian market.

BIT:IVG Discounted Cash Flow as at Nov 2024
BIT:IVG Discounted Cash Flow as at Nov 2024

Overview: Thales S.A. is a global company offering solutions in defence and security, aerospace and space, digital identity and security, and transport markets, with a market cap of €32.95 billion.



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