Global Undervalued Dividend Payers

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Jumbo Interactive

Market Cap: AU$494.0m

Engages in the retail of lottery tickets through the internet and mobile devices in Australia, the United Kingdom, Canada, Fiji, and internationally.

Henry Boot

Market Cap: UK£246.3m

Engages in the property investment and development, land promotion, and construction activities in the United Kingdom.

On the Beach Group

Market Cap: UK£245.8m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

Compagnie d'Entreprises CFE

Market Cap: €279.5m

Engages in the real estate, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.

Next 15 Group

Market Cap: UK£242.7m

Next 15 Group plc, together with its subsidiaries, customer insight, customer delivery, customer engagement, and business transformation services in the United Kingdom, Africa, the United States, Europe, Middle East, and Africa.

Route Mobile

Market Cap: ₹30.4b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.

Esprinet

Market Cap: €274.7m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Orsero

Market Cap: €272.6m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

Pihlajalinna Oyj

Market Cap: €268.9m

Provides social, healthcare, and wellbeing services to private persons, companies, insurance companies, and public sector entities in Finland.

Ratchthani Leasing

Market Cap: ฿10.1b

Together with its subsidiary, provides hire-purchase and leasing services in Thailand.

Duopharma Biotech Berhad

Market Cap: RM 1.2b

An investment holding company, researches, develops, manufactures, distributes, and imports pharmaceutical products and medicines in Malaysia and internationally.

SISB

Market Cap: ฿9.9b

Provides educational services in Thailand.

Gateway Distriparks

Market Cap: ₹28.1b

Provides integrated inter-modal logistics services in India.

Hansae

Market Cap: ₩442.3b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Infotel

Market Cap: €244.5m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Beacon Lighting Group

Market Cap: AU$387.6m

Engages in the retail of lighting products in Australia and internationally.

Dharma Polimetal

Market Cap: Rp4.7t

Through its subsidiaries, manufactures and sells automotive components and metal finishing for motorcycles and cars in Indonesia.

Partron

Market Cap: ₩399.3b

Manufactures and sells electronic components South Korea and internationally.

en

Market Cap: JP¥42.9b

Provides human resources service in Japan and internationally.

BTG Consulting

Market Cap: UK£188.6m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

Tristel

Market Cap: UK£183.3m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

SKY Network Television

Market Cap: NZ$421.3m

An entertainment company, provides sport and entertainment media services, and telecommunications services in New Zealand.

Zotefoams

Market Cap: UK£182.0m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Stelrad Group

Market Cap: UK£170.0m

Manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally.

91APP

Market Cap: NT$7.2b

A Software-as-a-Service company, provides information system software and e-commerce value-added services in Taiwan, Hong Kong, Singapore, and Malaysia.

Italian Wine Brands

Market Cap: €182.5m

Engages in the production and sale of wine worldwide.

MPC Münchmeyer Petersen Capital

Market Cap: €178.4m

A publicly owned investment manager.

Wasco Berhad

Market Cap: RM 805.3m

Provides energy solutions worldwide.

KginicisLtd

Market Cap: ₩284.0b

Provides electronic payment services in Korea, Asia, and internationally.

Information Services Group

Market Cap: US$187.8m

Operates as an artificial intelligence (AI) centered technology research and advisory company in the Americas, Europe, and the Asia Pacific.

dotdigital Group

Market Cap: UK£134.0m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

J.Jill

Market Cap: US$176.2m

Operates as an omnichannel retailer for women’s apparel in the United States.

CareRx

Market Cap: CA$240.3m

Provides pharmacy services to senior homes and other congregate care settings in Canada.

KCG Corporation

Market Cap: ฿5.4b

Manufactures, sells, and imports food and bakery products in Thailand and internationally.

Focusrite

Market Cap: UK£103.1m

Engages in the development, manufacturing, and marketing of professional audio and electronic music products in North America, Europe, the Middle East, Africa, and internationally.