2 top value stocks I’d buy after recent market volatility!

The recent volatility of financial markets presents a good buying opportunity for lovers of value stocks. Last week’s panic sent many UK stocks trading lower along with more vulnerable businesses.

Here are some of the top stocks I’d like to buy for my portfolio right now.

Begbies Traynor

Insolvency specialist Begbies Traynor (LSE:BEG) is the type of company that should benefit from the banking industry storm. As the economic situation worsens, the number of companies requesting assistance may increase.

But this AIM The stock has also plummeted in value lately. As a result, it is now trading at a forward price-to-earnings (P/E) ratio of 12.6 times.

In fact it looks good for Begbies even if the banks meltdown. This is because the volume of businesses unfortunately experiencing significant financial distress has increased dramatically.

The latest data from the Insolvency Service shows the number of company insolvencies rose by almost five times (17%) year-on-year in February.

I also like Begbies Traynor for its ambitious acquisition-led growth strategy. Earnings have increased steadily in recent years due to steady investment. And it’s good that the company has plenty of balance sheet strength to continue building scale.

The company’s net debt to EBITDA ratio was at a record low of 0.2 in December. This gave it the firepower to make a £400,000 acquisition (of chartered surveyors Mark Jenkinson & Son) last month, a move that increased its footprint in the city of Sheffield.

Begbies Traynor’s earnings may grow slowly as the economy changes. But I believe that the fruits of the acquisition strategy may be the ultimate buy for long-term investors.

Airtel Africa

Telecommunications and financial services business Airtel Africa (LSE: AAF) is another value stock on my radar right now. At FTSE 100 the company trades at a forward P/E ratio of just 8.4 times currently.

The company also offers great value when it comes to passive income. Today, the dividend yield in PT.ANSA shares is 4.6%.

As the name suggests, Airtel is focused on the fast-growing African economy. The problem is that the competition they face is increasing rapidly as companies raise capital.

FTSE Fellow shares Vodafone is one of the big beasts that threaten the company’s revenue prospects. This industry heavyweight operates the money division of M-Pesamobile as well as traditional telecom services, presenting a double threat to Airtel.

But the rate at which the market will grow still makes its smaller rival Vodafone an attractive stock in my opinion. Network operator World Mobile says telecommunications will be the fastest growing sector in Africa over the next five years.

As a possible investor, I am encouraged by the pace at which Airtel is increasing its customer base, as well. It had 138.5m subscribers on the books at the end of December, up 10.1% year-on-year.

The company is also expanding its mobile money and data business in Sub-Saharan Africa to increase the number of subscribers. I think the profits here can increase greatly in the coming decades.