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We Found 3 Undervalued Stocks – Even With Stocks at All-Time Highs
What does every investor crave (besides more capital)? A good new idea for their portfolio.
But of course, when everyone’s searching for the same thing, that only makes it more impossible to find. And with markets near all-time highs, it’s never felt more frustrating to try and find the next breakthrough idea. As recent volatility reminds us, jumping in blindly can be dangerous.
Thankfully, that’s what InvestingPro was designed to do. InvestingPro helps you find fresh investment opportunities around the world, providing fair value estimates based on real-time financial data and over a dozen financial models – all available from the beginning of its free 7-day trial. Best of all? It’s easy to use, and free to get started. Here’s how you can find three undervalued stocks for your portfolio.
Find Undervalued Stocks Now
Note: all financial/pricing data is as of December 6th pre-market
Use the InvestingPro Stock Screener
We use the InvestingPro stock screener to sort through tens of thousands of stocks to find the best option. Using InvestingPro’s real-time financial data, 10 years of historical data, a vast array of financial metrics, and unique fair value estimates, you can search around the world for the best value opportunities. And you can sort through it all easily and quickly, with just a few clicks.
For this screen, we looked for stocks with greater than a 50% upside on InvestingPro’s fair value estimates and a 50% upside on sell-side analyst targets. The screen looks like this:
3 Undervalued Stock We Found with InvestingPro
The top 3 results for most undervalued U.S. stocks, based on that screen, are:
Primoris: NASDAQGS:PRIM
- Price – $22.46
- Fair Value – $36.02
- Analyst Targets – $33.83
Primoris is a construction company focused on pipelines, utilities, and energy/renewables. That positions it well for the new infrastructure bill passed in the U.S. Even beyond this set up, the company looks cheap on the numbers according to InvestingPro, with all but one of the 15 models pegging its fair value above $33/share. The company completed a big acquisition this year, and the stock may be poised for the turnaround.
Mueller Industries, Inc. NYSE:MLI
- Price – $57.34
- Fair Value – $84.39
- Analyst Targets – $100
Mueller Industries is a maker of copper, brass, aluminum, and plastic products – piping, refrigerator parts, valves, and a lot more. We’re all aware of the challenges in the supply chain and the need to produce more than full output to meet consumer demand around the world, and that may position Mueller in an interesting spot. Investing Pro models for the most upside on the DCF models and earnings before interest and tax (EBIT) multiples, with the earnings power model being the most bearish. There’s only one analyst following Mueller, which is a reminder that it may be under the radar.
M/I Homes, Inc.: NYSE:MHO
- Price – $59.09
- Fair Value – $87.76
- Analyst Targets – $90
M/I Homes is a home builder. The housing market is on fire in the U.S., so it’s no surprise that a leader in this sector might catch our models’ eye. As you can see below, both analysts and our collected 9 valuation models agree that the fair value for the company is somewhere approaching $90/share, vs. the $59 current share price. M/I Homes is a cyclical stock, which might explain its low price to earnings ratio, but each of our 9 models think there should be upside for the company in the months ahead.
Find Under-The-Radar Stocks Easily
M/I Homes is a home builder. The housing market is on fire in the U.S., so it’s no surprise that a leader in this sector might catch our models’ eye. As you can see below, both analysts and our collected 9 valuation models agree that the fair value for the company is somewhere approaching $90/share, vs. the $59 current share price. M/I Homes is a cyclical stock, which might explain its low price to earnings ratio, but each of our 9 models think there should be upside for the company in the months ahead.
Want to find more stocks like these, optimized for your portfolio? Then begin your 7-day free trial and see for yourself why InvestingPro is an absolute game-changer.
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