Companies which are undervalued more than 20% based on the Discounted Cash Flow valuation.

Analysts Target

Company	Last Price	7D Return	1Y Return	Market Cap	Analysts Target	Valuation	Growth	Div Yield	Industry
SAN	€12.58	1.0%	54.4%	€182.4b	€13.14	1.7	15.7%	2.0%	Banks
BBVA	€24.69	-0.8%	55.8%	€136.3b	€22.99	2.3	7.0%	3.7%	Banks
REP	€26.92	-2.0%	93.7%	€28.9b	€27.26	8.5	-6.1%	4.0%	Energy
TEF	€3.68	0.1%	-20.3%	€20.7b	€3.96	0.6	62.7%	8.1%	Telecom
SAB	€3.69	1.2%	8.9%	€18.0b	€3.41	1.5	15.3%	7.2%	Banks
BKT	€16.78	0.3%	28.6%	€15.1b	€16.31	2.2	8.1%	3.6%	Banks
MAP	€4.43	0.5%	16.8%	€13.6b	€4.19	11.5	4.8%	4.1%	Insurance
LOG	€35.70	-1.2%	26.4%	€4.7b	€32.54	17.0	5.3%	5.6%	Transportation
FDR	€19.40	2.9%	-20.9%	€3.7b	€26.20	22.1	19.1%	3.4%	Capital Goods
VID	€90.90	2.6%	2.2%	€3.2b	€103.79	17.2	11.3%	1.9%	Materials
ROVI	€60.50	4.3%	5.8%	€3.1b	€74.36	16.7	12.2%	1.6%	Pharmaceuticals & Biotech
CIE	€25.65	-0.6%	-5.0%	€3.0b	€35.97	8.9	8.3%	3.7%	Automobiles
VIS	€57.20	1.2%	-4.8%	€2.6b	€70.00	16.2	8.5%	3.9%	Food, Beverage & Tobacco
ALM New	€10.38	-1.1%	-6.3%	€2.3b	€14.30	38.2	25.6%	1.8%	Pharmaceuticals & Biotech
HBX	€7.71	-0.6%	1.6%	€1.9b	€11.85	10.0	11.8%	1.0%	Consumer Services
GEST	€2.96	0.5%	-15.2%	€1.7b	€3.45	9.0	15.0%	2.7%	Automobiles
HOME	€15.99	4.0%	-8.7%	€1.6b	€19.76	11.7	9.9%	16.1%	Consumer Durables
RLIA	€1.02	-0.5%	6.8%	€1.5b	€1.27	9.8	n/a	0%	Real Estate Management and Development
LDA	€1.34	1.5%	-2.0%	€1.5b	€1.45	15.5	9.6%	2.1%	Insurance
FAE	€4.56	1.7%	8.7%	€1.4b	€5.36	16.9	16.0%	2.8%	Pharmaceuticals & Biotech
PRS	€2.84	-1.9%	-23.2%	€382.3m	€4.22	0.4	75.1%	n/a	Media
TUB	€2.94	-2.2%	-20.9%	€359.5m	€4.14	0.5	82.9%	6.9%	Materials
ISUR	€16.70	0%	19.3%	€304.8m	€19.88	7.3	11.2%	4.7%	Real Estate Management and Development
YORE	€0.96	-1.0%	-5.4%	€189.7m	n/a	1.4	n/a	15.0%	Real Estate

Undervalued over 20% based on DCF