From Morningstar: 2024-10-06 20:50:00

Investors are advised to focus on European companies offering cash flow certainty and strong fundamentals. Morningstar’s list of best European companies highlights 10 undervalued stocks, including Edenred, Elekta, and Rentokil Initial, based on price/fair value estimates. These companies have competitive advantages and solid capital allocation strategies, making them attractive investments.
Edenred, a prepaid corporate services provider, leads the list of undervalued stocks. Elekta, a Swedish medical devices company, and Rentokil Initial, a specialty business services provider, are also highlighted for their strong potential. Melrose Industries, GSK, and British American Tobacco are among the undervalued stocks with growth potential in their respective industries.
Roche, Reckitt Benckiser, Rheinmetall, and Pernod Ricard are also identified as undervalued quality stocks in Europe. These companies operate in various industries, including pharmaceuticals, household products, aerospace, and beverages. With their stable cash flows and growth prospects, these companies present attractive opportunities for investors seeking value.



Read more at Morningstar: The Best European Companies to Invest in Now