unbelieveable , page-10

Stocks i see below intrinsic value ( at least a 30% discount) based on 3 criteria . I use all three in picking.
1. RM method ( I use a 10% discount rate, but use a ROE which is significantly lower in case they do not meet profit forecasts)
2. ROE and EV/EBITDA
3. DCF valuation
4. Price /sales ratio

The undervalued stocks are : MCE, FGE, CCP, TGA, VOC ( based on DCF only, too high on EV/ EBITDA), SFH, ZGL, MMS, CCV . They are not in particular order.
Last year before the big run up many of the above stocks were trading on EV/ EBITDA's of 4-5 , and p/s ratio of < 0.75 now it is very difficult to find ones with EV/EBITDA 's of less that 5 or even 6 and almost none with p/s ratio less than 0.75. ( except SFH )

there are few others but are micro caps (AIR, JIN,etc.)
disclosure : I own many of the above and looking to acquire MCE.