In the stock market, as in life, the most common thing is to find diversity of opinion. However, within the Spanish market, there are nine companies in which there is no discussion of any kind for experts and their opinion is unanimous: their shares should be bought. 100% of the analysts who provide coverage (with a minimum of five experts) recommend taking positions in Lar España, Tubasex, Global Dominion, Orizon, eDreams, Catalana Occidente, Econor, Sacyr and Logista. Sacyr and Logista are recognizable and have good recommendations, the rest of the less well-known companies are proof that there are also attractive investment opportunities beyond the Ibex 35.
Renta 4 already highlighted in mid-June the investment attractiveness of the SOCIMI sector, which includes Lar España. “Taking into account their positive operating evolution, the strength of their balance sheets and the quality of their management teams, the price discount, underlying profitability (cash generation and dividends) and the expectation of rate cuts, we believe that coverage under Socimis (which also includes Lar) represents an attractive investment option,” he explained in a report.
Currently, Lar España not only has a perfect rating from the experts, it also boasts The best buy recommendation of the entire Spanish stock market. The rate cut by the European Central Bank (ECB) at the last meeting in June opened the door to a more accommodative monetary environment and investors have taken advantage of this context to move to Lar España. On the Spanish stock market, the company is advancing 14% annually and analysts expect it to continue benefiting from the current scenario: they estimate that its shares have the potential to rise by 22% in the coming months. Their securities are also acquired at a 35% discount to the net value of their assets, which is set at 10.74 euros per share at the end of 2023 (at the next half-year results, SOCIMIs will review their NAV).
Laar’s buy recommendation is supported not only by the potential revaluation that its stock may experience, but also by other fundamentals, such as its attractive dividend yield. They explain from Renta 4, “Through a unique performance in the retail sector, the dominance of its assets leads to an operational solidity that allows it to maintain the most attractive dividend yield among SOCIMIs.” With a charge until 2024, The company’s compensation provides a return of around 10%. At the operational level, experts expect Saliva’s profits to grow 45% this year compared to 2023.
Analysts also have no doubts about what to do with Tubesex shares: buy them. Currently, the company’s shares are down 10% this year, but there is a chance of a rise in the coming months 60%.Recently, Abu Dhabi’s sovereign wealth fund, Mubadala, invested in the company’s capital.
To the scalability of the action we must also add the profitability of the dividend, which is calculated based on current prices and on the profits obtained in 2024, which gives 4%. “The company expects a progressive improvement in quarterly results, with 2Q24 being higher than 1Q24 and allowing higher growth in 2025, thanks to the order book. Our estimates point to an EBITDA of 136 million euros in 2024 (145 million euros consensus) and 167 million in 2025 (169 million consensus)”, they explain from Renta 4.
This list reflects experts’ picks for mid-cap and small-cap companies. With capitalizations of less than 500 million euros and 200 million, respectively, 100% of analysts covering them also recommend buying shares of Global Dominion and Aurizon. The upward trajectory these companies offer to the stock market is even more tremendous. Looking at the coming months, this is what the consensus of analysts collected by FactSet expects Global Dominion doubled its market valueWhich will allow it to reach 1,000 million euros in capitalization. Orizon’s efficiency is even higher: about 260%According to estimates, the stock market is likely to set new historical highs during the coming months. By these routes, both companies will be able to erase their current losses, 5% in the case of Dominio and 3% in Orizon.
With summer approaching, analysts are also clear that, in the stock market, we should go on a trip with eDreams. The online travel agency fell about 11% in the stock market this year, but Its reversal efficiency is more than 40%. Thanks to this visit, the market value of eDreams could once again exceed 1,000 million euros for the first time in more than two years.
The analysts gathered by FactSet have been able to see not only the growth story presented to the stock market by Catalana Oxide, but also the nearly fifty experts drawn up by the Eco10 (the quality ideas index of elEconomista.es in collaboration with 47 firms), since it was one of the last additions to the orange selection For the first time, the company has become a part of this. “The company presents excellent management both from a business point of view – with great emphasis on the personal relationships of a very good network of agents – and from the point of view of risk control and cost discipline. Earnings per share have thus grown at an APR of 10% from 2004 to date, which is totally exceptional for its sector; likewise, the average ROE from 2004 to date is 15.2%, which represents another absolutely excellent figure for an insurer,” pointed out Julian Pascual, president and variable income manager of Buy & Hold, one of the firms that selected it for its portfolio.
On the stock market, Catalana’s price has risen by around 24% in the year and is close to the historical high of 2018 at 39.20 euros per share. In fact, experts believe that in the next few months the price of Catalana will rise by 10%.The insurer has been able to surpass this historic limit and mark A new one, since they have set a growth probability of 31% for the next months.
Econer, Sacyr and Logista close this list of companies that are unanimous in their recommendation. The renewable energy company has the largest share of these three, with 44%, while analysts estimate 23% for Sacyr and 18% for Logista.