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Do you prefer stocks that are trading at attractive valuations? For ideas on how to start your own search for potentially undervalued names, we ran a screen.

We began by screening for stocks trading under $5 a share with high growth projections, with 5-year projected EPS growth rates above 15%.

We then screened for stocks that appear undervalued relative to their cash flows, indicated by high ratios of levered free cash flow/enterprise value.

Levered free cash flow is the free cash flow after deducting interest payments on outstanding debt. Enterprise value is the sum of the firm's value from all ownership sources: market cap, outstanding debt, and preferred shares. When companies have ratios of levered free cash flow/enterprise value in excess of 10%, it may indicate that the company as a whole is being undervalued.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall. More investing ideas at Kapitall Wire.

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by LFCF/EV.

1. Vanda Pharmaceuticals, Inc. (VNDA): Focuses on the development and commercialization of products for the treatment of central nervous system disorders. Market cap at $121.39M, most recent closing price at $4.30. 5-year projected EPS growth at 15.70%. Levered free cash flow at $-7.27M vs. enterprise value at $-31.36M (implies a LFCF/EV ratio at 23.18%).

2. FSI International Inc. (FSII): Designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. Market cap at $135.99M, most recent closing price at $3.47. 5-year projected EPS growth at 20.00%. Levered free cash flow at $17.86M vs. enterprise value at $86.66M (implies a LFCF/EV ratio at 20.61%).

3. Harmonic Inc. (HLIT): Designs, manufactures, and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services. Market cap at $460.87M, most recent closing price at $3.92. 5-year projected EPS growth at 20.00%. Levered free cash flow at $58.30M vs. enterprise value at $328.88M (implies a LFCF/EV ratio at 17.73%).

4. Cedar Realty Trust, Inc. (CDR): Engages in the ownership, operation, development and redevelopment of supermarket-anchored community shopping centers and drug store-anchored convenience centers in the United States. Market cap at $333.33M, most recent closing price at $4.81. 5-year projected EPS growth at 23.80%. Levered free cash flow at $204.97M vs. enterprise value at $1.19B (implies a LFCF/EV ratio at 17.22%).

5. Office Depot, Inc. (ODP): Together with its subsidiaries, supplies office products and services. Market cap at $539.26M, most recent closing price at $1.90. 5-year projected EPS growth at 23.73%. Levered free cash flow at $138.12M vs. enterprise value at $802.57M (implies a LFCF/EV ratio at 17.21%).

6. ShoreTel, Inc. (SHOR): Provides Internet protocol (IP) telecommunications systems for enterprises in the United States. Market cap at $251.17M, most recent closing price at $4.35. 5-year projected EPS growth at 17.50%. Levered free cash flow at $31.01M vs. enterprise value at $211.91M (implies a LFCF/EV ratio at 14.63%).

7. Calix Inc. (CALX): Providers broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to connect to their residential and business subscribers in North America. Market cap at $232.17M, most recent closing price at $4.85. 5-year projected EPS growth at 27.00%. Levered free cash flow at $34.19M vs. enterprise value at $295.55M (implies a LFCF/EV ratio at 11.57%).

8. Solta Medical, Inc. (SLTM): Designs, develops, manufactures, and markets energy-based medical device systems for aesthetic applications. Market cap at $197.09M, most recent closing price at $3.20. 5-year projected EPS growth at 55.00%. Levered free cash flow at $20.54M vs. enterprise value at $191.49M (implies a LFCF/EV ratio at 10.73%).

9. CIBER, Inc. (CBR): Operates as an information technology (IT) consulting, services, and outsourcing company worldwide. Market cap at $270.27M, most recent closing price at $3.71. 5-year projected EPS growth at 18.00%. Levered free cash flow at $31.61M vs. enterprise value at $307.37M (implies a LFCF/EV ratio at 10.28%).

10. Affymetrix Inc. (AFFX): Engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets. Market cap at $305.05M, most recent closing price at $4.33. 5-year projected EPS growth at 19.00%. Levered free cash flow at $20.07M vs. enterprise value at $195.40M (implies a LFCF/EV ratio at 10.27%).

*LFCF/EV data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 10 High-Growth Stocks Under $5 Undervalued By Levered Free Cash Flows