3 Stocks That May Be Undervalued In November 2024

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As global markets navigate a landscape of record-high U.S. indexes and positive economic indicators, investors are keenly watching for opportunities amid the ongoing geopolitical uncertainties and policy shifts. In this context, identifying potentially undervalued stocks can be crucial, as these investments may offer appealing entry points when broader market conditions exhibit resilience and growth potential.

Top 10 Undervalued Stocks Based On Cash Flows

Name

Current Price

Fair Value (Est)

Discount (Est)

NBT Bancorp (NasdaqGS:NBTB)

US$50.08

US$99.93

49.9%

Truecaller (OM:TRUE B)

SEK47.98

SEK95.84

49.9%

Nordic Waterproofing Holding (OM:NWG)

SEK172.40

SEK344.25

49.9%

Kitron (OB:KIT)

NOK31.18

NOK62.32

50%

CS Wind (KOSE:A112610)

₩41600.00

₩83136.08

50%

PLAIDInc (TSE:4165)

¥1604.00

¥3207.80

50%

Intermedical Care and Lab Hospital (SET:IMH)

THB4.94

THB9.86

49.9%

Neosperience (BIT:NSP)

€0.57

€1.14

50%

BATM Advanced Communications (LSE:BVC)

£0.188

£0.38

50%

SBI Sumishin Net Bank (TSE:7163)

¥2905.00

¥5793.18

49.9%

Click here to see the full list of 914 stocks from our Undervalued Stocks Based On Cash Flows screener.

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

Giant Biogene Holding

Overview: Giant Biogene Holding Co., Ltd. is an investment holding company focused on the research, development, manufacture, and sale of bioactive material-based beauty and health products in China, with a market cap of HK$53.03 billion.

Operations: The company generates its revenue from the biotechnology segment, amounting to CN¥4.46 billion.

Estimated Discount To Fair Value: 45.7%

Giant Biogene Holding is trading at HK$52.55, significantly below its estimated fair value of HK$96.78, highlighting potential undervaluation based on cash flows. Despite past shareholder dilution, the company's earnings grew by 68.1% over the last year and are projected to grow 23.44% annually, outpacing the Hong Kong market's average growth rate of 11.4%. Revenue is also expected to increase by 20.9% per year, surpassing market expectations.

SEHK:2367 Discounted Cash Flow as at Nov 2024
SEHK:2367 Discounted Cash Flow as at Nov 2024

Trend Micro

Overview: Trend Micro Incorporated is a company that develops and sells security-related software for computers and related services both in Japan and internationally, with a market cap of ¥1.09 trillion.

Operations: The company's revenue segments are comprised of ¥85.04 billion from Japan, ¥65.17 billion from Europe, ¥70.30 billion from the Americas, and ¥125.59 billion from the Asia Pacific region.