Stock Analysis

European Stocks Trading At An Estimated 22.5% To 47.9% Below Intrinsic Value

Amidst the backdrop of political turmoil in France and trade tensions impacting European markets, investors have witnessed a pullback with major indices like Germany’s DAX and France’s CAC 40 experiencing declines. Despite these challenges, opportunities may arise as certain European stocks are trading significantly below their intrinsic value, presenting potential for those seeking to identify undervalued investments.

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Top 10 Undervalued Stocks Based On Cash Flows In Europe

NameCurrent PriceFair Value (Est)Discount (Est)
Vimi Fasteners (BIT:VIM)€1.18€2.3249.2%
Profoto Holding (OM:PRFO)SEK17.85SEK35.1949.3%
Mo-BRUK (WSE:MBR)PLN301.00PLN583.8548.4%
Micro Systemation (OM:MSAB B)SEK63.00SEK122.9248.7%
Lingotes Especiales (BME:LGT)€5.70€11.2949.5%
High Quality Food (BIT:HQF)€0.604€1.2149.9%
Exel Composites Oyj (HLSE:EXL1V)€0.368€0.7248.6%
Atea (OB:ATEA)NOK143.80NOK282.8449.2%
Allegro.eu (WSE:ALE)PLN33.20PLN66.1049.8%
Aker BioMarine (OB:AKBM)NOK87.40NOK170.7748.8%

Click here to see the full list of 209 stocks from our Undervalued European Stocks Based On Cash Flows screener.

Let's explore several standout options from the results in the screener.

Amper (BME:AMP)

Overview: Amper, S.A. offers technological, industrial, and engineering solutions across defense, security, energy, sustainability, and telecommunications sectors both in Spain and internationally with a market cap of €299.08 million.

Operations: Revenue segments for Amper include €300.94 million from Energy and Sustainability and €87.66 million from Defense, Security, and Telecommunications.

Estimated Discount To Fair Value: 37.8%

Amper, S.A. is trading at €0.13, significantly below its estimated fair value of €0.21, indicating it may be undervalued based on cash flows. Despite recent shareholder dilution and volatile share price, Amper's earnings are expected to grow significantly at 30.8% annually over the next three years—outpacing the Spanish market's 5.1%. Recent earnings reports show a return to profitability with net income of €3.04 million for H1 2025 from a previous loss, though sales declined year-over-year.

BME:AMP Discounted Cash Flow as at Oct 2025
BME:AMP Discounted Cash Flow as at Oct 2025

Cloudberry Clean Energy (OB:CLOUD)

Overview: Cloudberry Clean Energy ASA is a renewable energy company operating in Norway, Denmark, Switzerland, and Sweden, with a market cap of NOK4.33 billion.

Operations: The company's revenue segments are comprised of Projects generating NOK136 million, Commercial contributing NOK455 million, and Asset Management bringing in NOK66 million.

Estimated Discount To Fair Value: 22.5%

Cloudberry Clean Energy is trading at NOK 13.6, below its estimated fair value of NOK 17.55, reflecting undervaluation based on cash flows. Despite recent losses—NOK 34 million for H1 2025—its revenue is forecast to grow at 16.9% annually, outpacing the Norwegian market's growth rate of 2.6%. The company is expected to achieve profitability within three years, with earnings projected to grow significantly at an above-market rate during this period.

OB:CLOUD Discounted Cash Flow as at Oct 2025
OB:CLOUD Discounted Cash Flow as at Oct 2025

Norconsult (OB:NORCO)

Overview: Norconsult ASA offers consultancy services in community planning, engineering design, and architecture across the Nordics and internationally, with a market cap of NOK14.78 billion.

Operations: The company's revenue segments include Sweden (NOK 1.99 billion), Denmark (NOK 897 million), Norway Regions (NOK 2.95 billion), Renewable Energy (NOK 948 million), Norway Head Office (NOK 3.14 billion), and Digital and Techno-Garden (NOK 1.13 billion).

Estimated Discount To Fair Value: 47.9%

Norconsult is trading at NOK 47.65, significantly below its estimated fair value of NOK 91.38, highlighting its undervaluation based on cash flows. Recent earnings reports show a mixed performance with net income declining in Q2 but improving over the first half of 2025 compared to the previous year. Earnings are forecast to grow annually by 14.8%, surpassing Norwegian market expectations, while revenue growth is modest yet above the market average.

OB:NORCO Discounted Cash Flow as at Oct 2025
OB:NORCO Discounted Cash Flow as at Oct 2025

Key Takeaways

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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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