European set from a value perspective

u/Irrational_Investing · Reddit — r/ValueInvesting · January 12, 2026 at 09:23 · ⬆ 3 pts · 💬 10 comments  | View on Reddit ↗
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Original Reddit post

A value-focused scan of a European strategic autonomy ETF with long-term buys on several European large caps and caution on richly priced names.

INDEP.PA — LONG The author presents the Amundi European Strategic Autonomy UCITS ETF as a long-term European value set. The portfolio trades at an average P/E of about 18 and the author sees little chance of the set becoming cheaper as US-EU relations shift.

European set (INDEP.PA) for long term.

SAP.DE — LONG The author likes SAP because its enterprise software and services are entrenched in European regulations and can benefit directly from a data sovereignty push against US competitors such as Microsoft and Google.

SAP has good enterprise software/services entrenched in European regulations and can directly and massively benefit from a data sovereignty push against its US competition (microsoft, google etc). Love it.

ASML.AS — AVOID The author praises ASML's innovation-based moat, strategic value, and management but says the stock is currently highly priced and speculated on. This valuation caution supports avoiding rather than buying the stock.

Wonderful business with an innovation based moat, high strategic value and competent management but currently highly priced and speculated on.

IFX.DE — AVOID The author says Infineon is also highly priced and speculated on after noting the same concern for ASML. This inherits the same valuation caution and supports an avoid judgment.

Noted concentration in ASML. Wonderful business with an innovation based moat, high strategic value and competent management but currently highly priced and speculated on. Infineon too.

UCB.BR — LONG The author calls UCB speculative but worth the risk because it is working on treatments for Parkinson's and Crohn's. The investment thesis is a drug-development upside wager.

Ucb is speculative. Solving Parkingsons and Crohns. Worth the risk.

IBE.MC — WATCH The author flags Iberdrola at a P/E of 20 as looking quite high for a utility mostly active in a country with slow electricity consumption growth. There is a growth avenue in Brazil and a renewable profile, making it a conditional watch rather than a clear long.

Iberdrola at a p/e of 20 looking quite high for a utility most active in a country with small electric consumption growth relative to the rest of Europe.

ENGI.PA — LONG The author sees Engie as underappreciated compared to Iberdrola. This relative valuation view is the stated reason for interest in Engie.

Engie looking underappreciated compared to it.

MOWI.OL — LONG The author argues fish farming is the future while mass fishing is a dead end. Mowi depends on fish prices, which is bad short-term but good long-term, supporting a long-term bullish view.

Mowi. Fish farming is the future, mass fishing is a dead end. Dependant on fish prices which is bad in the short and good in the long term.

AI.PA — LONG The author sees Air Liquide as the most interesting materials holding due to its moat in proprietary specialty gases, stable healthcare/cryogenic demand, and bets on hydrogen and high-purity semiconductor gases. The stock is described as fairly valued, growing fast.

Most interesting here is air liquide. Good moat in proprietary, specialised gasses in diverse industries with good margins. Stable demand with healthcare gasses and cryogenics. Betting on the future of hydrogen, high purity semiconductor gasses (underappreciated part of the supply chain) and expanding internationally. Price is in line with its earnings, growing fast. Fairly valued.

Score 3
Comments 10
Full Post Text
Ideas
u/Irrational_Investing Reddit r/ValueInvesting
European strategic autonomy ETF for long term
The author presents the Amundi European Strategic Autonomy UCITS ETF as a long-term European value set. The portfolio trades at an average P/E of about 18 and the author sees little chance of the set becoming cheaper as US-EU relations shift.
u/Irrational_Investing Reddit r/ValueInvesting
SAP benefits from European data sovereignty push
The author likes SAP because its enterprise software and services are entrenched in European regulations and can benefit directly from a data sovereignty push against US competitors such as Microsoft and Google.
u/Irrational_Investing Reddit r/ValueInvesting
Great business but highly priced and speculated
The author praises ASML's innovation-based moat, strategic value, and management but says the stock is currently highly priced and speculated on. This valuation caution supports avoiding rather than buying the stock.
u/Irrational_Investing Reddit r/ValueInvesting
Infineon also highly priced and speculated
The author says Infineon is also highly priced and speculated on after noting the same concern for ASML. This inherits the same valuation caution and supports an avoid judgment.
u/Irrational_Investing Reddit r/ValueInvesting
Speculative drug pipeline worth the risk
The author calls UCB speculative but worth the risk because it is working on treatments for Parkinson's and Crohn's. The investment thesis is a drug-development upside wager.
u/Irrational_Investing Reddit r/ValueInvesting
Iberdrola valuation high but has Brazil growth
The author flags Iberdrola at a P/E of 20 as looking quite high for a utility mostly active in a country with slow electricity consumption growth. There is a growth avenue in Brazil and a renewable profile, making it a conditional watch rather than a clear long.
u/Irrational_Investing Reddit r/ValueInvesting
Fish farming future, long-term bullish on Mowi
The author argues fish farming is the future while mass fishing is a dead end. Mowi depends on fish prices, which is bad short-term but good long-term, supporting a long-term bullish view.
u/Irrational_Investing Reddit r/ValueInvesting
Air Liquide quality moat and future hydrogen/semiconductor exposure
The author sees Air Liquide as the most interesting materials holding due to its moat in proprietary specialty gases, stable healthcare/cryogenic demand, and bets on hydrogen and high-purity semiconductor gases. The stock is described as fairly valued, growing fast.
u/Irrational_Investing Reddit r/ValueInvesting
Engie underappreciated versus Iberdrola
The author sees Engie as underappreciated compared to Iberdrola. This relative valuation view is the stated reason for interest in Engie.
More from Reddit — r/ValueInvesting

This Reddit post, published January 12, 2026, features u/Irrational_Investing discussing INDEP.PA, SAP.DE, ASML.AS, IFX.DE, UCB.BR, IBE.MC, MOWI.OL, AI.PA, ENGI.PA. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: u/Irrational_Investing  · Tickers: INDEP.PA, SAP.DE, ASML.AS, IFX.DE, UCB.BR, IBE.MC, MOWI.OL, AI.PA, ENGI.PA