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	€11.85	-2.2%	57.0%	€169.5b	€12.49	1.6	14.9%	2.1%	Banks
BBVA	€21.97	0.09%	61.5%	€122.0b	€21.53	2.2	6.5%	4.2%	Banks
CABK	€12.29	-1.7%	58.1%	€85.7b	€12.20	2.3	11.7%	4.1%	Banks
AMS New	€49.15	-4.1%	-31.0%	€20.8b	€67.01	15.5	9.0%	3.1%	Consumer Services
TEF	€3.51	1.6%	-22.3%	€19.8b	€4.00	0.6	68.2%	8.5%	Telecom
CLNX	€25.27	-1.4%	-21.9%	€17.0b	€36.26	4.1	81.2%	1.5%	Telecom
MAP	€4.37	0.5%	20.9%	€13.4b	€4.05	11.5	3.7%	4.1%	Insurance
BKT	€14.84	0.8%	27.8%	€13.3b	€15.55	2.0	7.5%	4.1%	Banks
GRF	€9.00	0.9%	-20.8%	€5.4b	€14.40	14.8	20.7%	3.3%	Pharmaceuticals & Biotech
LOG	€33.48	-0.4%	19.9%	€4.4b	€32.02	16.6	5.5%	6.0%	Transportation
ENG	€16.87	0.7%	25.9%	€4.4b	€16.93	13.3	-1.3%	5.9%	Utilities
FDR	€18.73	-7.0%	-16.0%	€3.6b	€26.01	20.5	16.7%	3.5%	Capital Goods
CIE	€26.35	-1.9%	6.3%	€3.1b	€35.34	9.3	7.8%	3.6%	Automobiles
ROVI	€56.10	-2.4%	1.4%	€2.9b	€75.38	21.8	16.6%	1.7%	Pharmaceuticals & Biotech
EBRO	€18.14	1.6%	3.9%	€2.8b	€20.45	12.8	1.6%	3.8%	Food, Beverage & Tobacco
VIS	€57.20	-2.1%	-4.5%	€2.6b	€71.00	16.0	8.0%	3.9%	Food, Beverage & Tobacco
HOME	€16.95	1.8%	2.6%	€1.7b	€20.43	13.6	11.6%	15.2%	Consumer Durables
MVC	€10.96	-3.0%	2.0%	€1.7b	€11.28	29.2	2.1%	14.4%	Real Estate Management and Development
RLIA	€1.01	-1.9%	7.4%	€1.5b	€1.27	11.8	n/a	0%	Real Estate Management and Development
PSG	€2.76	1.7%	-6.6%	€1.5b	€3.25	11.9	10.7%	5.8%	Commercial Services
FAE	€4.52	-0.7%	-0.3%	€1.4b	€5.39	17.1	16.2%	4.0%	Pharmaceuticals & Biotech
LDA	€1.19	-1.0%	-10.9%	€1.3b	€1.42	15.1	10.5%	2.3%	Insurance
A3M	€4.78	-0.3%	-7.8%	€1.1b	€5.42	17.3	14.4%	8.2%	Media
CBAV	€57.40	-4.7%	30.5%	€919.5m	n/a	21.9	n/a	2.7%	Healthcare

Undervalued over 20% based on DCF