3 acciones de la ASX severamente infravaloradas por las métricas de flujo de caja: una oportunidad de compra antes de 2026

In the volatile landscape of 2025, value investors are increasingly turning to undervalued equities where market dislocation has created mispricings. Three ASX-listed stocks-Resolute Mining (ASX:RSG), Kogan.com (ASX:KGN), and Flight Centre Travel Group (ASX:FLT)-stand out as compelling opportunities. These companies trade at discounts of over 30% to their estimated fair values, driven by sector-specific challenges that obscure their strong cash flow fundamentals and long-term growth potential.

1. Kogan.com (ASX:KGN): A 49% Undervaluation in E-Commerce

Kogan.com, an e-commerce and fintech player, is trading at a staggering 49% discount to its estimated fair value of AU$6.87. This undervaluation stems from broader sector headwinds, including regulatory scrutiny and shifting consumer spending patterns. However, the company's FY25 financials, partially reported by Listcorp, suggest resilience in its core markets.

The e-commerce sector remains fragmented, with investors underestimating Kogan's ability to adapt to digital trends. For instance, its fintech division, including buy-now-pay-later (BNPL) services, has shown robust growth despite regulatory adjustments. A 2025 valuation analysis by Yahoo Finance highlights that the company's intrinsic value is being suppressed by short-term volatility, creating a compelling entry point for long-term investors.

2. Flight Centre Travel Group (ASX:FLT): A 32% Undervalued Travel Retailer

Flight Centre's shares are trading 32% below their intrinsic value, despite a record AU$24.5 billion total transaction value (TTV) in FY25. The company's recovery from a 2021 loss to a AU$140 million profit in FY24 underscores its operational resilience. Its corporate travel segment, led by FCM Travel and Corporate Traveler, has capitalized on the SME market's rebound, while leisure brands like Envoyage and Scott Dunn are expanding their global footprint according to FY25 results.

The travel sector's undervaluation is partly due to lingering post-pandemic uncertainties. However, Flight Centre's FY25 results-showing a price-to-sales ratio of 1.20x, below its 5-year average-indicate that the market is not fully pricing in its recovery. The company's adoption of AI and NDC (New Distribution Capability) technologies further enhances its competitive edge according to financial reports, positioning it for sustained growth.

3. Resolute Mining (ASX:RSG): A Mining Stock on the Cusp of Breakthrough

Resolute Mining presents a nuanced case. While some models suggest it trades near fair value according to Yahoo Finance, a valuation narrative from Webull estimates its intrinsic value at AU$1.45 per share according to Webull analysis, implying a 41% undervaluation at its current price of AU$0.85. This discrepancy reflects market dislocation driven by short-term operational challenges, such as supply chain disruptions at its Syama mine in Mali according to company news.

The company's long-term prospects, however, are robust. Resolute's Syama Sulphide Conversion Project and the expanded Doropo Project in Côte d'Ivoire are poised to boost annual gold production to over 500,000 ounces by 2028 according to company news. Analysts have trimmed their price targets to 64 GBp according to market analysis, but this adjustment overlooks the potential for cost efficiencies and higher gold prices to drive cash flow growth.

Conclusion: Strategic Buys for 2026

These three stocks exemplify the power of value investing in a mispriced market. Kogan.com's e-commerce resilience, Flight Centre's travel recovery, and Resolute Mining's long-term gold production growth all point to opportunities where fundamentals outpace current valuations. Investors who act now can position themselves to capitalize on these undervalued equities as sector-specific dislocations resolve in 2026.