I’m always on the lookout for value stocks. And while the and have posted strong performances this year, I still see plenty of undervalued shares out there. In fact, this year has proved to be difficult for a handful of Footsie stalwarts.
Of those, I’ve been keeping a close eye on ( ) and ( ). They’re two stocks that have been firmly on my radar over the past couple of months. With their share prices , I reckon they could be the best value stocks out there.
If I had the cash, I’d add them to my portfolio today. Let’s begin by investigating Burberry’s performance. Unfortunately for shareholders, this year has been terrible for the stock.
By far, the iconic British brand had been the worst performer on the FTSE 100. So much so that it recently got demoted to the FTSE 250. During 2024, it has lost 54.
3% of its value. It’s down a whopping 66.4% in the last 12 months.
The reason for its poor performance has been multiple profit warnings. Clearly, they’ve sparked fear amongst investors. In its most recent update, Burberry said it now expects to post an operating loss in its first half.
Moving forward, the business certainly faces a challenging turnaround mission. But its shares now look dirt cheap. In fact, they’re sitting at a 15-year low.
Today, I could pick up Burberry trading on a of just 8.7. Its long-term historical average is around 22.
So on paper, there’s plenty of value in the stock today. Furthermore, while it will be challenging, I’m optimistic the.