Stock Analysis

Uncovering 3 Euronext Paris Stocks That May Be Priced Below Fair Value Estimates

ENXTPA:EXN
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As the French CAC 40 Index recently climbed by 3.89%, buoyed by hopes of interest rate cuts and China's economic stimulus measures, investors are increasingly optimistic about potential opportunities in the Euronext Paris market. In this environment, identifying stocks that may be priced below their fair value estimates can be a strategic move, as these equities might offer attractive entry points for those looking to capitalize on broader market optimism and potential future growth.

Top 10 Undervalued Stocks Based On Cash Flows In France

NameCurrent PriceFair Value (Est)Discount (Est)
SPIE (ENXTPA:SPIE)€34.24€53.5636.1%
NSE (ENXTPA:ALNSE)€29.60€57.5748.6%
Vivendi (ENXTPA:VIV)€10.26€18.0843.3%
Lectra (ENXTPA:LSS)€28.60€53.4546.5%
Groupe Berkem Société anonyme (ENXTPA:ALKEM)€3.07€5.1039.8%
Vogo (ENXTPA:ALVGO)€3.25€6.3749%
Exail Technologies (ENXTPA:EXA)€17.60€34.3548.8%
Pullup Entertainment Société anonyme (ENXTPA:ALPUL)€20.40€38.3046.7%
Solutions 30 (ENXTPA:S30)€1.348€2.4645.3%
Aurea (ENXTPA:AURE)€5.74€8.8134.8%

Click here to see the full list of 23 stocks from our Undervalued Euronext Paris Stocks Based On Cash Flows screener.

Here we highlight a subset of our preferred stocks from the screener.

Antin Infrastructure Partners SAS (ENXTPA:ANTIN)

Overview: Antin Infrastructure Partners SAS is a private equity firm that focuses on infrastructure investments and has a market cap of €2.21 billion.

Operations: The company generates revenue from its asset management segment, amounting to €291.66 million.

Estimated Discount To Fair Value: 27%

Antin Infrastructure Partners SAS is trading at €12.34, below its estimated fair value of €16.89, suggesting it may be undervalued based on cash flows. Despite being dropped from the S&P Global BMI Index, Antin reported a significant net income increase to €60.25 million for the first half of 2024 and forecasts earnings growth of 21.5% annually—outpacing the French market's 12.3%. However, its dividend yield isn't well covered by earnings or free cash flows.

ENXTPA:ANTIN Discounted Cash Flow as at Oct 2024
ENXTPA:ANTIN Discounted Cash Flow as at Oct 2024

Exail Technologies (ENXTPA:EXA)

Overview: Exail Technologies offers robotics, maritime, navigation, aerospace, and photonics technology solutions both in France and internationally, with a market cap of €299.32 million.

Operations: The company's revenue is primarily derived from Navigation & Maritime Robotics, contributing €252.39 million, and Advanced Technologies, accounting for €87.50 million.

Estimated Discount To Fair Value: 48.8%

Exail Technologies is trading at €17.6, significantly below its estimated fair value of €34.35, highlighting its potential undervaluation based on cash flows. Despite reporting a net loss of €3.71 million for the first half of 2024, the company's revenue grew to €175.08 million from €164.93 million a year earlier and is forecast to grow faster than the French market average. Analysts expect profitability within three years, with earnings projected to rise substantially annually.

ENXTPA:EXA Discounted Cash Flow as at Oct 2024
ENXTPA:EXA Discounted Cash Flow as at Oct 2024

Exclusive Networks (ENXTPA:EXN)

Overview: Exclusive Networks SA is a global cybersecurity specialist focused on digital infrastructure, with a market capitalization of €2.14 billion.

Operations: The company's revenue is segmented into €480 million from APAC, €4.19 billion from EMEA, and €705 million from the Americas.

Estimated Discount To Fair Value: 14.7%

Exclusive Networks is trading at €23.6, below its estimated fair value of €27.67, which may suggest undervaluation based on cash flows. Despite a decline in net profit margin from 5.5% to 2.7%, earnings are forecast to grow significantly at 33.53% annually, outpacing the French market's growth rate of 12.3%. Recent developments include a proposed acquisition by CD&R and Permira valuing the company at €2.2 billion with a premium offer per share price of €24.25.

ENXTPA:EXN Discounted Cash Flow as at Oct 2024
ENXTPA:EXN Discounted Cash Flow as at Oct 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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