Global Diversified Financials Potentially Undervalued Companies

First National Financial

Market Cap: US$2.3b

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada.

Wendel

Market Cap: US$3.8b

A private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out and transactions and acquisitions.

Allfunds Group

Market Cap: €3.3b

Operates as a B2B WealthTech company that connects fund houses and distributors in the United Kingdom and internationally.

CVC Capital Partners

Market Cap: US$17.1b

A private equity and venture capital firm specializing in middle market secondaries, infrastructure and credit, management buyouts, leveraged buyouts, growth equity, mature, recapitalizations, strip sales, and spinouts.

Ruida FuturesLtd

Market Cap: CN¥7.3b

Operates as a futures company in China.

Huatai Securities

Market Cap: HK$144.2b

Provides securities and financial services for individual, enterprise, and institutional clients in Mainland China and internationally.

GF Securities

Market Cap: CN¥117.7b

Provides capital market services for corporations, individuals, institutional investors, financial institutions, and government clients in the People’s Republic of China.

L&T Finance

Market Cap: ₹440.6b

A non-banking financial company, provides various financial products and services in India.

Mahindra & Mahindra Financial Services

Market Cap: ₹327.7b

A non-banking financial company, provides financial services in the rural and semi-urban areas in India.

Investec Group

Market Cap: R104.8b

Engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally.

CITIC Securities

Market Cap: CN¥373.1b

Provides various financial products and services in Mainland China and internationally.

Capital One Financial

Market Cap: €75.6b

Operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom.

St. James's Place

Market Cap: UK£5.8b

A publicly owned investment manager.

LendInvest

Market Cap: UK£42.8m

Operates as an asset management platform for property finance in the United Kingdom.

Schroders

Market Cap: UK£5.5b

A publicly owned investment manager.

Morgan Stanley

Market Cap: US$210.2b

A financial holding company, provides various financial products and services to governments, financial institutions, and individuals in the Americas, Asia, Europe, Middle East, and Africa.

Compagnie Lebon

Market Cap: €103.9m

Engages in the hotel, private equity, real estate, and thermal bath businesses in France.

Partnera Oy

Market Cap: €29.0m

A principal investment firm specializing in investing in companies operating in the public sector.

Federal National Mortgage Association

Market Cap: US$38.3b

Provides financing solutions for residential mortgages in the United States.

Navigo Invest

Market Cap: SEK 328.9m

A private equity and venture capital firm specializing in buyouts, early stage, later stage, acquisition, growth capital, middle markets, turnaround and mature stage investments.

Stockwik Förvaltning

Market Cap: SEK 148.3m

An investment company, engages in the real estate service, health, services, and industry businesses in Sweden.

HUAXI Securities

Market Cap: CN¥22.1b

Provides financial services in China.

Yangzijiang Financial Holding

Market Cap: S$2.6b

An investment holding company, engages in the investment-related activities in the People's Republic of China and Singapore.

CSC Financial

Market Cap: CN¥179.3b

Provides investment banking services in Mainland China and internationally.

KGI Securities (Thailand)

Market Cap: ฿7.9b

Engages in the securities and derivatives business in Thailand.

Kinnevik

Market Cap: SEK 23.6b

A venture capital firm specializing in investments in early to late venture and growth capital.

Meritz Financial Group

Market Cap: ₩19.7t

Provides various financial services in South Korea and internationally.

Guosen Securities

Market Cap: CN¥107.5b

Provides financial products and services to individual and institutional clients in China.

HiPay Group

Market Cap: €62.5m

Provides augmented payment solutions in France and rest of Europe.

Burford Capital

Market Cap: UK£2.3b

Provides legal finance products and services worldwide.

Generalfinance

Market Cap: €193.9m

Provides factoring service for distressed companies in Italy.

Finexia Financial Group

Market Cap: AU$17.1m

Provides funds management, advisory, and market trading services in Australia.

Georgia Capital

Market Cap: €424.3m

A private equity and venture capital firm specializing in early stage, organic growth and acquisitions.

Gielda Papierów Wartosciowych w Warszawie

Market Cap: US$1.8b

Operates a stock exchange in Poland.

Deutsche Beteiligungs

Market Cap: CHF 466.5m

A private equity and venture capital firm specializing in direct and fund of fund investments.

Ramsdens Holdings

Market Cap: US$69.4m

Engages in the provision of diversified financial services in the United Kingdom and internationally.