French Undervalued over 20% based on DCF

Exail Technologies

Market Cap: €2.1b

Provides robotics, maritime, navigation, aerospace, and photonics technologies solutions in France, the rest of Europe, Africa, Americas, Oceania, and Asia.

Rémy Cointreau

Market Cap: €2.0b

Engages in the production, sale, and distribution of liqueurs and spirits.

Etablissements Maurel & Prom

Market Cap: €2.0b

Engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, and Venezuela.

Antin Infrastructure Partners SAS

Market Cap: €1.9b

A private equity firm specializing in infrastructure investments.

Imerys

Market Cap: €1.8b

Engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.

Louis Hachette Group

Market Cap: €1.7b

Engages in the publishing and travel retail and media businesses.

Robertet

Market Cap: €1.6b

Produces and sells perfumes, aromas, and natural products.

Électricite de Strasbourg Société Anonyme

Market Cap: €1.6b

Engages in the supply of electricity and natural gas to individuals, businesses, and local authorities in France.

Icade

Market Cap: €1.6b

A real estate player that strives to make cities more pleasant places to live for everyone.

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

Compagnie des Alpes

Market Cap: €1.3b

Engages in the management of leisure facilities in France and internationally.

Mercialys

Market Cap: €1.2b

Mercialys SA is one of France’s leading real estate companies.

Wavestone

Market Cap: €1.1b

Provides consulting services in France and internationally.

VIEL & Cie société anonyme

Market Cap: €1.1b

An investment company, provides interdealer broking, online trading, and private banking services in France, Europe, the Middle East, Africa, the Americas, and the Asia-Pacific region.

GL Events

Market Cap: €947.4m

Provides integrated solutions and services for events in France and internationally.

Vetoquinol

Market Cap: €916.5m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products for cattle, pigs, dogs, and cats in Europe, the Americas, and the Asia Pacific region.

Elior Group

Market Cap: €646.9m

Provides contract catering and support services in France, Europe, North America, and India.

Voyageurs du Monde

Market Cap: €617.1m

Operates as a travel agency in France and internationally.

Mersen

Market Cap: €598.8m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

SMCP

Market Cap: €434.2m

Operates as an apparel and accessories retail company in France and internationally.

Groupe Guillin

Market Cap: €382.7m

Produces and sells food packaging products in France, the United Kingdom, Italy, and internationally.

Fonciere Inea

Market Cap: €378.8m

A real estate investment company, engages in owning and managing business real estate properties in France.

Société Fermière du Casino Municipal de Cannes

Market Cap: €378.4m

Operates hotels, casinos, gaming club, spas, performance venues, and restaurants in France.

Quadient

Market Cap: €366.0m

Provides digital, mail, and lockers for customers through digital and physical channels in North America, France, Benelux, the United Kingdom, Ireland and Germany, Austria, Italy, Switzerland, and internationally.

ABC arbitrage

Market Cap: €323.9m

Develops arbitrage strategies for liquid assets in Europe, North America, Asia, and internationally.

Bourrelier Group

Market Cap: €310.3m

Operates do-it-yourself (DIY) stores in France, Belgium, and the Netherlands.

Sword Group

Market Cap: €295.8m

Provides IT and software solutions.

FSDV Société anonyme

Market Cap: €262.7m

Operates as a real estate development company.

Sidetrade

Market Cap: €231.5m

Operates as a SaaS company in France and internationally.

EXEL Industries

Market Cap: €219.8m

Engages in the manufacture and sale of agricultural spraying equipment in France and internationally.

Linedata Services

Market Cap: €215.7m

Develops, publishes, and distributes financial software in Southern Europe, Northern Europe, North America, and Asia.

Compagnie Chargeurs Invest

Market Cap: €204.9m

Operates as an industrial and financial company in France, Italy, Germany, the United States, Mainland China, Hong Kong, the United Kingdom, and internationally.

Streamwide

Market Cap: €199.5m

Designs, develops, markets, and maintains a set of service software for mobiles and telecommunication operators worldwide.

Exacompta Clairefontaine

Market Cap: €186.7m

Engages in producing, finishing, and formatting of papers in France, Europe, and internationally.

GROUPE SFPI

Market Cap: €147.5m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

Consort NT Société anonyme

Market Cap: €140.9m

Provides a platform of skills and manages services to protect IT and information assets.