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Estimated Discount To Fair Value: 41%

Thales, valued at €151.5, is trading below its fair value of €263.69, indicating a significant undervaluation based on cash flows. Recent strategic alliances and product launches underscore its robust positioning in cybersecurity and aerospace, potentially boosting future revenues which are expected to grow at 6.3% annually—faster than the French market's 5.7%. However, concerns about its high debt levels and unstable dividend track record may temper investor enthusiasm despite a promising Return on Equity forecast of 23.3% in three years.

• The growth report we've compiled suggests that Thales' future prospects could be on the up.

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

Wavestone

Overview: Wavestone SA is a technology consulting firm operating mainly in France and globally, with a market capitalization of approximately €1.37 billion.

Operations: The firm generates its revenue through technology consulting services both domestically and globally.

Estimated Discount To Fair Value: 40.1%

Wavestone, priced at €54.6, trades significantly below its estimated fair value of €93.67, reflecting a deep undervaluation based on discounted cash flows. The company's earnings are poised to grow by 22% annually, outpacing the French market's 10.9%. Despite this robust growth projection and a recent increase in net income to €58.2 million from last year’s €50.07 million, concerns linger due to a low forecasted Return on Equity of 13.3% and recent shareholder dilution.

• Upon reviewing our latest growth report, Wavestone's projected financial performance appears quite optimistic.

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

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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 ENXTPA:ANTIN ENXTPA:HO and ENXTPA:WAVE.

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