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Estimated Discount To Fair Value: 45.8%

TP ICAP Group appears undervalued, trading at £2.31 against an estimated fair value of £4.26. Recent earnings for H1 2024 showed net income rising to £91 million from £66 million year-over-year, with basic EPS increasing to £0.12. The company is exploring a US IPO for its Parameta Solutions unit due to better liquidity prospects and sector expertise in the US market, while also initiating a £30 million share buyback program.

• In light of our recent growth report, it seems possible that TP ICAP Group's financial performance will exceed current levels.

• Get an in-depth perspective on TP ICAP Group's balance sheet by reading our health report here.

Zotefoams

Overview: Zotefoams plc, with a market cap of £238.18 million, manufactures, distributes, and sells polyolefin block foams in the UK, Europe, North America, and internationally.

Operations: The company's revenue segments include manufacturing, distributing, and selling polyolefin block foams across the UK, Europe, North America, and international markets.

Estimated Discount To Fair Value: 22.7%

Zotefoams is trading at £4.90, significantly below its estimated fair value of £6.34, indicating it may be undervalued based on cash flows. The company’s revenue growth forecast of 6.6% per year outpaces the UK market average of 3.6%, and earnings are expected to grow by 20% annually over the next three years. Despite recent insider selling and share price volatility, Zotefoams reported improved H1 2024 results with sales increasing to £71.06 million and net income rising to £6.28 million year-over-year.

• According our earnings growth report, there's an indication that Zotefoams might be ready to expand.

• Dive into the specifics of Zotefoams here with our thorough financial health report.

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.

Companies discussed in this article include LSE:AVON LSE:TCAP and LSE:ZTF.

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