Figeac Aero Société Anonyme (EPA:FGA), which is in the aerospace & defense business, and is based in France, saw significant share price movement during recent months on the ENXTPA, rising to highs of €11.40 and falling to the lows of €8.11. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Figeac Aero Société Anonyme's current trading price of €8.57 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Figeac Aero Société Anonyme’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Check out our latest analysis for Figeac Aero Société Anonyme

Is Figeac Aero Société Anonyme still cheap?

The stock seems fairly valued at the moment according to my valuation model. It’s trading around 17.94% above my intrinsic value, which means if you buy Figeac Aero Société Anonyme today, you’d be paying a relatively reasonable price for it. And if you believe the company’s true value is €7.27, there’s only an insignificant downside when the price falls to its real value. What's more, Figeac Aero Société Anonyme’s share price may be more stable over time (relative to the market), as indicated by its low beta.

Can we expect growth from Figeac Aero Société Anonyme?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Figeac Aero Société Anonyme. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What this means for you:

Are you a shareholder? It seems like the market has already priced in FGA’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?

Are you a potential investor? If you’ve been keeping tabs on FGA, now may not be the most optimal time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on Figeac Aero Société Anonyme. You can find everything you need to know about Figeac Aero Société Anonyme in the latest infographic research report. If you are no longer interested in Figeac Aero Société Anonyme, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.