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3 European Stocks Estimated To Be Trading At A Discount Of Up To 48.6%

Simply Wall St·09/02/2026 10:07:58
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In recent weeks, European markets have shown mixed performance, with the pan-European STOXX Europe 600 Index ending broadly unchanged and varying outcomes across major indices like Germany's DAX and France's CAC 40. As investors navigate this landscape of fluctuating economic data and geopolitical developments, identifying stocks that may be trading at a discount can offer potential opportunities for those seeking value in their portfolios.

Top 10 Undervalued Stocks Based On Cash Flows In Europe

Name Current Price Fair Value (Est) Discount (Est)
Verisure (OM:VSURE) €8.962 €17.71 49.4%
RaySearch Laboratories (OM:RAY B) SEK179.60 SEK357.98 49.8%
PSI Software (XTRA:PSAN) €45.00 €88.94 49.4%
Mare Group (BIT:MARE) €5.06 €10.02 49.5%
KB Components (OM:KBC) SEK44.00 SEK87.57 49.8%
Hensoldt (XTRA:HAG) €82.70 €165.29 50%
Endomines Finland Oyj (HLSE:PAMPALO) €9.52 €18.87 49.5%
CTT Systems (OM:CTT) SEK141.00 SEK279.71 49.6%
Borregaard (OB:BRG) NOK155.80 NOK309.96 49.7%
Alimak Group (OM:ALIG) SEK127.20 SEK252.05 49.5%

Click here to see the full list of 211 stocks from our Undervalued European Stocks Based On Cash Flows screener.

We'll examine a selection from our screener results.

Dustin Group (OM:DUST)

Overview: Dustin Group AB operates an online information technology business across Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium with a market cap of SEK2.47 billion.

Operations: The company's revenue segments include SEK16.04 billion from the Large Corporate and Public Sector (LCP) and a segment adjustment of SEK5.21 billion.

Estimated Discount To Fair Value: 48.6%

Dustin Group is trading significantly below its estimated fair value, with shares priced at SEK 1.82 compared to a future cash flow valuation of SEK 3.53. Despite recent challenges, including a net loss of SEK 819 million in Q3 and an impairment loss on goodwill of SEK 800 million, the company is expected to achieve profitability within three years and shows strong annual earnings growth potential at over 100%.

OM:DUST Discounted Cash Flow as at Sep 2026
OM:DUST Discounted Cash Flow as at Sep 2026

Momentum Group (OM:MMGR B)

Overview: Momentum Group AB (publ) supplies industrial components and services to the industrial sector across Sweden, Norway, Denmark, Finland, and internationally, with a market cap of SEK6.96 billion.

Operations: The company's revenue segments include Industry at SEK1.73 billion and Infrastructure at SEK1.47 billion.

Estimated Discount To Fair Value: 21.5%

Momentum Group is trading at SEK 140.8, below its estimated future cash flow value of SEK 179.41, suggesting it may be undervalued based on cash flows. The company reported Q2 2026 net income of SEK 64 million, up from SEK 51 million a year ago. Despite high debt levels, earnings are projected to grow at an annual rate of 13.2%, outpacing the Swedish market's expected growth and indicating potential for strong returns in the long term.

OM:MMGR B Discounted Cash Flow as at Sep 2026
OM:MMGR B Discounted Cash Flow as at Sep 2026

Stockholm Nordtech Group (OM:NTECH)

Overview: Stockholm Nordtech Group AB is a private equity firm specializing in growth capital, with a market cap of approximately SEK3.59 billion.

Operations: The company's revenue segments consist of Business Platforms at SEK244.60 million, Operational Solutions at SEK293 million, and Public Infrastructure at SEK168 million.

Estimated Discount To Fair Value: 32.6%

Stockholm Nordtech Group is trading at SEK 71.7, below its estimated future cash flow value of SEK 106.45, highlighting a potential undervaluation based on cash flows. Despite reporting increased sales and revenue for Q2 2026, the company posted a net loss of SEK 4.5 million. While insider selling has been significant recently, revenue growth is forecasted to outpace the Swedish market at 13.5% annually over the next three years as it aims for profitability within this period.

OM:NTECH Discounted Cash Flow as at Sep 2026
OM:NTECH Discounted Cash Flow as at Sep 2026

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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.