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As the French CAC 40 Index recently climbed by 3.89%, buoyed by hopes of interest rate cuts and China's economic stimulus measures, investors are increasingly optimistic about potential opportunities in the Euronext Paris market. In this environment, identifying stocks that may be priced below their fair value estimates can be a strategic move, as these equities might offer attractive entry points for those looking to capitalize on broader market optimism and potential future growth.
Top 10 Undervalued Stocks Based On Cash Flows In France
| Name | Current Price | Fair Value (Est) | Discount (Est) |
| SPIE (ENXTPA:SPIE) | €34.24 | €53.56 | 36.1% |
| NSE (ENXTPA:ALNSE) | €29.60 | €57.57 | 48.6% |
| Vivendi (ENXTPA:VIV) | €10.26 | €18.08 | 43.3% |
| Lectra (ENXTPA:LSS) | €28.60 | €53.45 | 46.5% |
| Groupe Berkem Société anonyme (ENXTPA:ALKEM) | €3.07 | €5.10 | 39.8% |
| Vogo (ENXTPA:ALVGO) | €3.25 | €6.37 | 49% |
| Exail Technologies (ENXTPA:EXA) | €17.60 | €34.35 | 48.8% |
| Pullup Entertainment Société anonyme (ENXTPA:ALPUL) | €20.40 | €38.30 | 46.7% |
| Solutions 30 (ENXTPA:S30) | €1.348 | €2.46 | 45.3% |
| Aurea (ENXTPA:AURE) | €5.74 | €8.81 | 34.8% |
Here we highlight a subset of our preferred stocks from the screener.
Antin Infrastructure Partners SAS
Overview: Antin Infrastructure Partners SAS is a private equity firm that focuses on infrastructure investments and has a market cap of €2.21 billion.
Operations: The company generates revenue from its asset management segment, amounting to €291.66 million.
Estimated Discount To Fair Value: 27%
Antin Infrastructure Partners SAS is trading at €12.34, below its estimated fair value of €16.89, suggesting it may be undervalued based on cash flows. Despite being dropped from the S&P Global BMI Index, Antin reported a significant net income increase to €60.25 million for the first half of 2024 and forecasts earnings growth of 21.5% annually—outpacing the French market's 12.3%. However, its dividend yield isn't well covered by earnings or free cash flows.
Exail Technologies
Overview: Exail Technologies offers robotics, maritime, navigation, aerospace, and photonics technology solutions both in France and internationally, with a market cap of €299.32 million.
Operations: The company's revenue is primarily derived from Navigation & Maritime Robotics, contributing €252.39 million, and Advanced Technologies, accounting for €87.50 million.