3 European Stocks Estimated To Be Trading Below Intrinsic Value By Up To 42.9%

In recent weeks, European markets have experienced mixed performance, with the pan-European STOXX Europe 600 Index slightly declining amid global growth concerns and a stronger euro. Despite these challenges, some stocks in Europe are currently estimated to be trading below their intrinsic value, presenting potential opportunities for investors seeking undervalued assets in this uncertain economic environment.

Top 10 Undervalued Stocks Based On Cash Flows In Europe

Name	Current Price	Fair Value (Est)	Discount (Est)
Truecaller (OM:TRUE B)	SEK43.74	SEK86.65	49.5%
Tecnotree Oyj (HLSE:TEM1V)	€4.50	€8.75	48.6%
Siemens Energy (XTRA:ENR)	€89.50	€175.00	48.9%
Norconsult (OB:NORCO)	NOK46.10	NOK92.05	49.9%
MilDef Group (OM:MILDEF)	SEK165.40	SEK329.01	49.7%
Micro Systemation (OM:MSAB B)	SEK63.00	SEK124.01	49.2%
Lingotes Especiales (BME:LGT)	€5.80	€11.34	48.8%
Camurus (OM:CAMX)	SEK728.00	SEK1416.78	48.6%
Atea (OB:ATEA)	NOK141.60	NOK278.11	49.1%
Absolent Air Care Group (OM:ABSO)	SEK256.00	SEK502.65	49.1%

Click here to see the full list of 213 stocks from our Undervalued European Stocks Based On Cash Flows screener.

Underneath we present a selection of stocks filtered out by our screen.

Airbus (ENXTPA:AIR)

Overview: Airbus SE, along with its subsidiaries, is involved in designing, manufacturing, and delivering aeronautics and aerospace products, services, and solutions globally with a market cap of approximately €148.62 billion.

Operations: The company's revenue is primarily derived from its Airbus segment, which includes holding function and bank activities, generating €50.26 billion; Airbus Defence and Space contributing €12.91 billion; and Airbus Helicopters bringing in €8.44 billion.

Estimated Discount To Fair Value: 42.9%

Airbus SE's recent earnings report highlights robust cash flow, with net income rising to €732 million in Q2 2025 from €230 million a year ago. The stock is trading at 42.9% below its estimated fair value of €329.06, suggesting it is undervalued based on discounted cash flow analysis. Earnings are projected to grow at 15.4% annually, outpacing the French market average of 12.1%, indicating strong future potential amidst strategic aircraft orders and partnerships.

• In light of our recent growth report, it seems possible that Airbus' financial performance will exceed current levels.
• Click here and access our complete balance sheet health report to understand the dynamics of Airbus.

SPIE (ENXTPA:SPIE)

Overview: SPIE SA offers multi-technical services in energy and communications across France, Germany, the Netherlands, and internationally, with a market cap of €8.11 billion.

Operations: The company's revenue segments include Germany (€3.46 billion), Central Europe (€775.20 million), North-Western Europe (€2.09 billion), and Global Services Energy (€483.40 million).

Estimated Discount To Fair Value: 37.6%

SPIE's stock appears undervalued, trading 37.6% below its estimated fair value of €77.43, according to discounted cash flow analysis. Despite a recent net loss of €13.37 million for H1 2025, earnings are expected to grow significantly at 21.1% annually, outpacing the French market average of 12.1%. However, SPIE faces challenges with high debt levels and an unstable dividend track record while aiming for revenue growth above €10 billion through organic expansion and M&A activities.

• Our growth report here indicates SPIE may be poised for an improving outlook.
• Unlock comprehensive insights into our analysis of SPIE stock in this financial health report.

Allegro.eu (WSE:ALE)

Overview: Allegro.eu S.A. operates a leading commerce platform for consumers in Poland and internationally, with a market cap of PLN37.92 billion.

Operations: The company's revenue segments include a commerce platform for consumers in Poland and internationally, with segment adjustments amounting to PLN11.23 billion.

Estimated Discount To Fair Value: 42.4%

Allegro.eu is trading at PLN36, substantially below its estimated fair value of PLN62.49, highlighting its potential undervaluation based on cash flows. The company anticipates significant annual earnings growth of 21.1%, surpassing the Polish market average of 13.8%. Despite slower revenue growth at 10.2% annually compared to the ideal high-growth benchmark, Allegro's recent executive change may influence strategic direction and enhance operational efficiency in the coming years.

• Upon reviewing our latest growth report, Allegro.eu's projected financial performance appears quite optimistic.
• Click to explore a detailed breakdown of our findings in Allegro.eu's balance sheet health report.

Key Takeaways

• Explore the 213 names from our Undervalued European Stocks Based On Cash Flows screener here.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Searching for a Fresh Perspective?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

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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