NEW YORK (TheStreet) -- Shares of Vivendi (VIVHY) are down roughly 5% in 2015, but David Marcus, portfolio manager for the Evercore Global Value Fund, says the stock can rise as much as 50% going forward.
The $32.5 billion French media company continues to create shareholder value by selling off assets, breaking up parts of the company and strengthening the balance sheet. Two years ago, it carried 18 billion euros worth of debt. Today it has a net cash position of 5 billion euros.
Despite these moves, the company is still undervalued, Marcus says.
ING Groep (ING) - Get ING Groep NV Sponsored ADR Report is another stock investors should have on their radar. The bank, which mostly caters to the Netherlands, is "wonderfully positioned," he explained. Shares trade at just 0.8 times book value and 11 times earnings.
The stock is down 5.5% on the year and this represents a "good chance to buy," he said. The company continues to make a fairly large amount of money, despite interest rates being so low. When rates do eventually rise, so will ING's profits.
But there's another opportunity that may just be better than the first two: Voya Financial (VOYA) - Get Voya Financial, Inc. Report . The company was spun off from ING Groep and was formerly known as ING U.S.
When Voya came public it "was so undervalued," Marcus said. The stock traded at just 0.4 times book value. Despite doubling in share price, now trading near $39, the stock still trades below its book value of $60 per share.
At just 0.67 times book value and at nine times earnings, shares of Voya are "very undervalued," Marcus reasoned. The company has terrific assets and a great fee-based business that doesn't get the kind of attention it deserves.
-- Written by Bret Kenwell