Three Stocks That May Be Priced Below Their Worth In November 2024

Amidst a fluctuating global market landscape, marked by the return of some "Trump Trade" gains and sector-specific volatility, investors are keenly observing potential policy impacts on corporate earnings and regulatory shifts. In such an environment, identifying undervalued stocks can be crucial for those looking to capitalize on discrepancies between a company's market price and its intrinsic value.

Top 10 Undervalued Stocks Based On Cash Flows

Name	Current Price	Fair Value (Est)	Discount (Est)
Giant Biogene Holding (SEHK:2367)	HK$49.10	HK$97.67	49.7%
Wistron (TWSE:3231)	NT$114.00	NT$227.48	49.9%
Business First Bancshares (NasdaqGS:BFST)	US$27.67	US$55.07	49.8%
A.L.A. società per azioni (BIT:ALA)	€24.80	€49.51	49.9%
Telix Pharmaceuticals (ASX:TLX)	A$22.20	A$44.23	49.8%
EnomotoLtd (TSE:6928)	¥1481.00	¥2941.30	49.6%
Enento Group Oyj (HLSE:ENENTO)	€18.06	€36.11	50%
Intermedical Care and Lab Hospital (SET:IMH)	THB4.96	THB9.87	49.7%
Saipem (BIT:SPM)	€2.327	€4.65	50%
Nokian Renkaat Oyj (HLSE:TYRES)	€7.39	€14.68	49.7%

Click here to see the full list of 918 stocks from our Undervalued Stocks Based On Cash Flows screener.

We're going to check out a few of the best picks from our screener tool.

Max Estates (NSEI:MAXESTATES)

Overview: Max Estates Limited engages in the construction and development of residential and commercial properties, with a market cap of ₹80.07 billion.

Operations: The company's revenue is primarily derived from its Real Estate Operations & Development segment, which generated ₹1.69 billion.

Estimated Discount To Fair Value: 38.5%

Max Estates is trading significantly below its estimated fair value of ₹814.96, with a current price of ₹501.25, suggesting it may be undervalued based on cash flows. Despite past shareholder dilution, revenue grew by 47.6% last year and is expected to grow at 27.5% annually, outpacing the Indian market's growth rate of 10.5%. The company anticipates becoming profitable within three years, offering potential for substantial future earnings growth despite a low forecasted return on equity.

• The growth report we've compiled suggests that Max Estates' future prospects could be on the up.
• Delve into the full analysis health report here for a deeper understanding of Max Estates.

Middle East Healthcare (SASE:4009)

Overview: Middle East Healthcare Company operates a network of hospitals under the Saudi German Hospital brand in the Middle East and North Africa, with a market cap of SAR6.35 billion.

Operations: The company's revenue segments include Pharmacy Sales at SAR390.19 million, In Patient Services generating SAR1.62 billion, and Outpatient Services contributing SAR839.09 million.

Estimated Discount To Fair Value: 46%

Middle East Healthcare's current trading price of SAR 69 is considerably below its estimated fair value of SAR 127.7, highlighting potential undervaluation based on cash flows. Recent earnings showed a sales increase to SAR 732.07 million and net income growth to SAR 61.74 million, reflecting strong financial performance. Earnings are projected to grow at an impressive rate of over 21% annually, surpassing the Saudi Arabian market's growth expectations, although interest coverage remains a concern.

• Our expertly prepared growth report on Middle East Healthcare implies its future financial outlook may be stronger than recent results.
• Click here to discover the nuances of Middle East Healthcare with our detailed financial health report.

Strike CompanyLimited (TSE:6196)

Overview: Strike Company, Limited offers mergers and acquisitions brokerage services for small and medium-sized companies in Japan with a market cap of ¥72.78 billion.

Operations: The company's revenue is primarily derived from its M&A Intermediary Business, generating ¥18.14 billion.

Estimated Discount To Fair Value: 46.5%

Strike Company Limited's current price of ¥3,840 is significantly below its estimated fair value of ¥7,177.08, indicating potential undervaluation based on cash flows. The company forecasts robust revenue and earnings growth at rates surpassing the Japanese market averages. Recent guidance projects full-year net sales of ¥22.3 billion and profit of ¥5.63 billion for fiscal 2025, with a planned dividend increase to JPY 102 per share, reflecting strong financial health despite recent share price volatility.

• Our comprehensive growth report raises the possibility that Strike CompanyLimited is poised for substantial financial growth.
• Dive into the specifics of Strike CompanyLimited here with our thorough financial health report.

Next Steps

• Explore the 918 names from our Undervalued Stocks Based On Cash Flows screener here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Want To Explore Some Alternatives?

• 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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