Stock Analysis

Undiscovered Gems in France to Watch This August 2024

ENXTPA:CRLA
Source: Shutterstock

As global markets face volatility and economic indicators show mixed signals, the French market has not been immune to these fluctuations. The CAC 40 Index dropped by 3.54% recently, reflecting broader concerns about growth and inflation in the Eurozone. In such an environment, identifying promising stocks requires a keen eye for companies that demonstrate resilience and potential for growth despite market headwinds. Here are three undiscovered gems in France to watch this August 2024.

Top 10 Undiscovered Gems With Strong Fundamentals In France

NameDebt To EquityRevenue GrowthEarnings GrowthHealth Rating
Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative34.89%3.23%3.61%★★★★★★
Gévelot0.25%10.64%20.33%★★★★★★
EssoF1.60%11.16%41.41%★★★★★★
VIEL & Cie société anonyme63.16%5.00%16.26%★★★★★☆
Exacompta Clairefontaine30.44%6.92%31.73%★★★★★☆
ADLPartner86.83%9.59%11.00%★★★★★☆
La Forestière Equatoriale0.00%-50.76%49.41%★★★★★☆
Caisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative391.01%4.67%17.31%★★★★☆☆
Société Fermière du Casino Municipal de Cannes11.60%6.69%10.30%★★★★☆☆
Société Industrielle et Financière de l'Artois Société anonyme2.93%-1.09%8.31%★★★★☆☆

Click here to see the full list of 38 stocks from our Euronext Paris Undiscovered Gems With Strong Fundamentals screener.

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

Caisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative (ENXTPA:CRAP)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Caisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative offers a range of banking products and services in France, with a market cap of €535.91 million.

Operations: The company generates revenue primarily through its banking products and services in France. It has a market cap of €535.91 million.

Caisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative, with total assets of €26.2B and equity of €3.3B, reported net income of €92.26M for the first half of 2024, up from €81.18M last year. Total deposits stand at €9B against loans totaling €18.8B, reflecting a solid loan-to-deposit ratio. The company has an appropriate level of bad loans at 1.7% and a sufficient allowance for these bad loans at 108%.

ENXTPA:CRAP Debt to Equity as at Aug 2024
ENXTPA:CRAP Debt to Equity as at Aug 2024

Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative (ENXTPA:CRLA)

Simply Wall St Value Rating: ★★★★★★

Overview: Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative offers a range of banking products and services to diverse clients in France, including individuals, professionals, farmers, businesses, and public sector entities; its market cap is €929.51 million.

Operations: Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative generates revenue through a variety of banking products and services aimed at different client segments in France. The company’s net profit margin stands at 14.23%.

Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative, with €35.3B in total assets and €5.2B in equity, showcases a robust financial foundation. Total deposits stand at €28.2B against loans of €28.4B, reflecting a balanced lending approach. The bank's earnings grew by 1.3% last year, outpacing the industry average of -11%. With an allowance for bad loans at 136% and non-performing loans at 1.4%, it demonstrates prudent risk management practices while trading significantly below its estimated fair value by 68%.

ENXTPA:CRLA Debt to Equity as at Aug 2024
ENXTPA:CRLA Debt to Equity as at Aug 2024

Financière Moncey Société anonyme (ENXTPA:FMONC)

Simply Wall St Value Rating: ★★★★★★

Overview: Financière Moncey Société anonyme is a holding company that manages a portfolio of investments in France, with a market cap of €1.48 billion.

Operations: Financière Moncey Société anonyme generates revenue through its portfolio of investments in France. The company has a market cap of €1.48 billion and operates primarily within the investment management sector.

Financière Moncey Société anonyme, a lesser-known entity in France, has demonstrated impressive financial health with no debt on its balance sheet. Over the past year, earnings surged by 41.7%, outpacing the Diversified Financial industry’s -1% performance. The company repurchased shares in 2024, reflecting confidence in its prospects. With high-quality earnings and free cash flow positive at US$8.18M as of Dec 31, 2023, FMONC appears well-positioned for continued growth within its niche market segment.

ENXTPA:FMONC Earnings and Revenue Growth as at Aug 2024
ENXTPA:FMONC Earnings and Revenue Growth as at Aug 2024

Where To Now?

Ready To Venture Into Other Investment Styles?

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.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

About ENXTPA:CRLA

Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative

Provides various banking products and services to individuals, professionals and associations, farmers, businesses, private banking customers, and public and social housing community clients in France.

Flawless balance sheet established dividend payer.