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Stock market crash: 2 cheap UK shares I’d buy today in an ISA to make a million

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Investor appetite for UK shares continues to splutter like a clapped-out Skoda. As I type, the FTSE 100 is trading at three-week lows and threatening to breach the psychologically-critical 6,000-point marker. Fears of a second stock market crash are severe and a fall through this level could start the ball rolling.

I’m not scared though. As an investor in UK shares myself, I’d relish the opportunity to buy some great British companies at cheap prices. It’s a tactic the most successful investors use to build their wealth. They buy in after any stock market crash and sit back and watch the value of their investments soar as the economic cycle clicks through the gears. Shares bought during a crash can recover and multiply and that’s what’s really needed to help you on your way to millionaire status.

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There’s a wealth of UK shares that look too cheap to miss today. I reckon they’ll become unmissable in the event of a second stock market crash too. Let me talk you through a couple of those that I like.

Buying bargain UK shares

Video games developer Codemasters Group (LSE: CDM) looks scandalously cheap right now. The AIM company’s share price has endured a rollercoaster in 2020. It sank in March after announcing it would delay the release of its potentially-money-spinning Fast and Furious title. It was intended to come out alongside the latest instalment of the blockbuster movie franchise. But the mass closure of cinemas put paid to that idea.

The Codemasters share price has come roaring back though. And earlier this month, it punched new record highs near 380p per share. However, this UK share still looks far too cheap at current prices. City analysts reckon annual earnings will rocket 90% in the current fiscal period. This leaves Codemasters dealing on a bargain-basement, sub-1 price-to-earnings (or PEG) ratio of 0.2.

The software giant has surged because Covid-19 lockdowns have lit a fire under video games sales. But this is no short-term phenomenon. The experts at Statista reckon the global market will be worth $100bn within the next three years and $101.5bn by 2025. This compares with $92.6bn today. Buying Codemasters’ shares is a great way to ride this trend.

Another millionaire maker?

TBC Bank Group (LSE: TBCG) is another of those UK shares that looks too cheap to miss after the market crash. Right now, the FTSE 250 stock trades on a forward price-to-earnings (P/E) ratio of 6 times.

TBC is a powerhouse in the Georgian banking industry, yet many investors prefer to put their money in more familiar homegrown shares such as Lloyds and Barclays. This is a wasted opportunity in my book.

According to the World Bank: “The country has a sound macroeconomic framework, an attractive business environment, and robust public financial management arrangements.” It also puts Georgia in seventh place on its list of 190 countries when it comes to the friendliest places to do business.

The Georgian economy grew at an average yearly rate of almost 5% over the last decade. And it looks set to boom again as it recovers from the Covid-19 shock too. I’d buy TBC stock in an ISA to capitalise on this.

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Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Barclays and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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