Undiscovered Gems In France To Watch This August 2024

In This Article:

As global markets experience mixed returns and economic indicators paint a varied picture, the French CAC 40 Index has shown resilience despite broader market challenges. Investors are increasingly looking towards small-cap stocks as potential growth opportunities amid these fluctuations. In this climate, identifying promising stocks requires a keen eye for companies with strong fundamentals, innovative strategies, and the ability to navigate economic uncertainties. Here are three undiscovered gems in France that merit attention this August 2024.

Top 10 Undiscovered Gems With Strong Fundamentals In France

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

34.89%

3.23%

3.61%

★★★★★★

Gévelot

0.25%

10.64%

20.33%

★★★★★★

EssoF

1.28%

11.48%

45.46%

★★★★★★

Société des Chemins de Fer et Tramways du Var et du Gard

NA

nan

-2.95%

★★★★★★

VIEL & Cie société anonyme

63.16%

5.00%

16.26%

★★★★★☆

Exacompta Clairefontaine

30.44%

6.92%

31.73%

★★★★★☆

ADLPartner

86.83%

9.59%

11.00%

★★★★★☆

La Forestière Equatoriale

0.00%

-50.76%

49.41%

★★★★★☆

Société Fermière du Casino Municipal de Cannes

11.60%

6.69%

10.30%

★★★★☆☆

Société Industrielle et Financière de l'Artois Société anonyme

2.93%

-1.09%

8.31%

★★★★☆☆

Click here to see the full list of 37 stocks from our Euronext Paris Undiscovered Gems With Strong Fundamentals screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Électricite de Strasbourg Société Anonyme

Simply Wall St Value Rating: ★★★★★☆

Overview: Électricite de Strasbourg Société Anonyme engages in the supply of electricity and natural gas to individuals, businesses, and local authorities in France, with a market cap of €802.97 million.

Operations: The company generates revenue primarily from the production and distribution of electricity and gas (€1.40 billion) and its role as an electricity distributor (€288.95 million). It also has smaller revenue streams from other issuers (€63.77 million).

Électricite de Strasbourg Société Anonyme, a small cap in the electric utilities sector, has shown impressive performance with earnings growth of 69.9% over the past year, outpacing the industry average of 5.6%. The company’s debt to equity ratio improved from 2.9 to 2.2 over five years, indicating better financial health. Trading at 50.8% below estimated fair value suggests potential undervaluation, while high non-cash earnings and adequate interest coverage reinforce its strong position in the market.