Global Undervalued Dividend Payers

Essity

Market Cap: SEK 168.0b

Develops, produces, and sells hygiene and health products and services in Europe, North and Latin America, Asia, and internationally.

Lenovo Group

Market Cap: HK$136.8b

An investment holding company, develops, manufactures, and markets technology products and services.

Anhui Conch Cement

Market Cap: HK$136.4b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

AIB Group

Market Cap: €14.9b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Aluminum Corporation of China

Market Cap: HK$134.9b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Continental

Market Cap: €14.7b

A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.

Hana Financial Group

Market Cap: ₩23.2t

Through its subsidiaries, provides financial services in South Korea.

Bank of Hangzhou

Market Cap: CN¥118.8b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Emaar Development PJSC

Market Cap: د.إ60.6b

Develops and sells residential and commercial build-to-sell properties in the United Arab Emirates.

ZTO Express (Cayman)

Market Cap: US$16.4b

Provides express delivery and other value-added logistics services in the People's Republic of China.

Bank Polska Kasa Opieki

Market Cap: zł58.3b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Powszechny Zaklad Ubezpieczen

Market Cap: zł56.7b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Shionogi

Market Cap: JP¥2.2t

Engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic reagents, and medical devices in Japan.

Vodacom Group

Market Cap: R265.6b

Provides communications products and services.

XCMG Construction Machinery

Market Cap: CN¥105.6b

Engages in the manufacture and sale of engineering equipment solutions in China.

Best Buy

Market Cap: US$14.6b

Offers technology products and solutions in the United States, Canada, and internationally.

Julius Bär Gruppe

Market Cap: CHF 11.8b

Provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally.

Unipol Assicurazioni

Market Cap: €12.4b

Provides insurance products and services primarily in Italy.

Eurobank Ergasias Services and Holdings

Market Cap: €12.3b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Omnicom Group

Market Cap: US$14.1b

Offers advertising, marketing, and corporate communications services.

Fresenius Medical Care

Market Cap: €12.1b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Yunnan Baiyao GroupLtd

Market Cap: CN¥99.7b

Engages in the pharmaceutical business in China, Southeast Asia, Europe, the United States, Japan, and internationally.

Everest Group

Market Cap: US$13.8b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥99.1b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

East West Bancorp

Market Cap: US$13.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Origin Energy

Market Cap: AU$20.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Woori Financial Group

Market Cap: ₩18.5t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

WH Group

Market Cap: HK$104.4b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Mapfre

Market Cap: €11.4b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Insurance Australia Group

Market Cap: AU$20.2b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Eiffage

Market Cap: €11.2b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

DWS Group GmbH KGaA

Market Cap: €11.0b

Offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Etihad Etisalat

Market Cap: ر.س48.2b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Almarai

Market Cap: ر.س47.6b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Norsk Hydro

Market Cap: NOK 127.3b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.