New European Value Report Reveals Top Two Monthly Ideas
A new European Value Report was released this morning. The report features the top two monthly investment ideas, as selected by The Manual of Ideas equity research team in Europe.
The first company owns the largest coal-fired power plant in the U.K., which is responsible for meeting 7% of the U.K.’s electricity needs. With a strong balance sheet and cash generative operations, the company has staying power. The report estimates fair value at £7 per share (midpoint of valuation range), compared to a recent market price of £3.81 per share.
The second featured company is a German printing equipment and services provider with a resilient, high-margin services business. While the downside is protected by tangible book support and cash generation from the services business, a recovery in printing press demand could provide strong upside.
