Jefferies Analysis: Top Small Cap Stocks to Benefit from Outperformance

Jefferies' European Mid-Cap team, led by top-ranked analysts, is known for its differentiated coverage and expert insights into mid and small caps across various sectors. The team continues to expand its footprint, providing detailed analysis and timely investment ideas.

Key Analysts and Team Achievements

• Martin Comtesse joined Jefferies in 2019 and has been a top-ranked analyst for German Midcaps in the 2022 and 2023 II surveys.
• Along with Constantin Hesse, Henrik Paganetty, and Fabian Piasta, the team reached #1 rank for German Midcaps last year.
• The team has grown to include Adela Dashian covering the Nordics and David Kerstens covering Benelux, expanding their sector-agnostic universe to around 80 stocks.

What We Are Known For

Differentiated Coverage

Jefferies is known for its differentiated coverage of Benelux mid and small caps, capitalizing on strong industry knowledge and sector expertise in offshore wind, automotive, chemicals, and oil services sectors.

European Mid-Cap Conference

The Jefferies European Mid-Cap Conference in London is a significant event, attracting c.200 European midcaps and offering strong corporate access through non-deal roadshows and Benelux field trips.

Anti-Consensual Views

The team is not afraid to take strong anti-consensus views where they have high conviction, such as an anti-consensus Underperform rating on Alfen ahead of a de-stocking cycle in EV charging equipment.

Detailed Fundamental Valuations

Valuations are based on DCF analysis and EVA analysis, cross-checked with peer group multiple valuations. This detailed approach ensures accurate and up-to-date financial models and forecasts.

Expert Insights and Deep-Dive Reports

The team provides deep-dive company reports and thematic research on structural long-term trends, offering timely and actionable conviction ideas to capture alpha in a broad mid-cap coverage.

Strong Relationships with Corporate Management

Jefferies maintains strong relationships with corporate management, providing quick and reliable investor access and regular updates on valuations and forecasts.

Jefferies' European Mid-Cap Team Members

Adela Dashian

Joined Jefferies in 2022 to cover Small & Mid-Cap stocks in the Nordic region. With nearly 10 years of experience, Adela works closely with David Kerstens and the broader team to provide expert coverage.

David Kerstens

Joined Jefferies in 2013 and has 30 years of experience covering Small & Mid-Cap stocks in the Benelux region. David is a top-ranked analyst in the II survey and contributes to the team's strong performance.

Martin Comtesse

Joined Jefferies in 2019 and has been recognized as a top-ranked analyst for German Midcaps. Martin leads the European Mid-Cap research, contributing to the team's #1 rank for German Midcaps.

Conclusion

Jefferies' European Mid-Cap team is known for its strong industry knowledge, differentiated coverage, and anti-consensual views. The team's expertise in providing detailed valuations, expert insights, and maintaining strong relationships with corporate management makes them a valuable resource for investors looking to capture alpha in mid and small cap stocks.

Jefferies' Expertise in European Mid and Small Caps: FAQ

Who leads Jefferies' European Mid-Cap team?

Martin Comtesse leads the team, supported by Constantin Hesse, Henrik Paganetty, Fabian Piasta, Adela Dashian, and David Kerstens.

What sectors does Jefferies' European Mid-Cap team cover?

The team covers a sector-agnostic universe, including offshore wind, automotive, chemicals, oil services, consumer, industrials, and animal health sectors.

What events does Jefferies host for mid-cap coverage?

Jefferies hosts the European Mid-Cap Conference in London, attracting c.200 European midcaps, and organizes non-deal roadshows and field trips in Benelux and the Nordics.

What is Jefferies known for in their coverage?

Jefferies is known for their differentiated coverage, anti-consensual views, detailed fundamental valuations, expert insights, and strong relationships with corporate management.