Global Retail Potentially Undervalued Companies

WILLPLUS Holdings

Market Cap: JP¥9.1b

Imports and sells new and used cars in Japan.

Xinjiang Youhao(Group)Co.Ltd

Market Cap: CN¥2.1b

Operates as a commercial retail enterprise in China.

Dashang

Market Cap: CN¥6.6b

Operates a chain of department stores, supermarkets, and electrical appliance stores in China.

Chengdu Fusen Noble-House IndustrialLtd

Market Cap: CN¥9.3b

Chengdu Fusen Noble-House Industrial Co.,Ltd.

Ulferts International

Market Cap: HK$73.6m

An investment holding company, engages in the retail and wholesale of furniture and special projects in Hong Kong.

Sreeleathers

Market Cap: ₹5.4b

Engages in the wholesale and retail of footwear and accessories in India.

Petrol d.d

Market Cap: €2.1b

Through its subsidiaries, sells petroleum and other energy products, merchandise and services, and energy and solutions in Slovenia, Croatia, Austria, Bosnia, Herzegovina, Serbia, Montenegro, Romania, Macedonia, and internationally.

Alibaba Group Holding

Market Cap: S$266.9b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.

Meko

Market Cap: SEK 4.6b

Operates in the automotive aftermarket business in Sweden, Norway, Denmark, Finland, Poland, Estonia, Latvia, and Lithuania.

BuySell TechnologiesLtd

Market Cap: JP¥107.9b

Engages in the kimono/branded goods reuse business in Japan.

Fonebox Retail

Market Cap: ₹882.4m

Engages in the multi-brand retail selling of smart phones and allied accessories in India.

Baazar Style Retail

Market Cap: ₹29.9b

Engages in the business of retailing various apparel and non-apparel consumer products in India.

Giordano International

Market Cap: HK$2.5b

An investment holding company, engages in the retail and distribution of men’s, women’s, and children’s fashion apparel and accessories in Mainland China, Hong Kong, Macau, Taiwan, Southeast Asia and Australia, Gulf Cooperation Council, and internationally.

MINISO Group Holding

Market Cap: €7.5b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in China, the rest of Asia, the Americas, Europe, Indonesia, and internationally.

Naspers

Market Cap: €902.5b

Operates as a consumer internet company in Africa, Asia, Europe, and internationally.

ProCook Group

Market Cap: UK£41.4m

Through its subsidiaries, engages in the sale of kitchenware and related products in the United Kingdom.

Bike24 Holding

Market Cap: €135.1m

Operates online cycling platforms in Germany, Austria, Switzerland, rest of Europe, and internationally.

Westwing Group

Market Cap: €223.2m

Engages in the home and living e-commerce retail.

D'Ieteren Group

Market Cap: €9.8b

Operates as an investment company in Belgium, France, rest of Europe, and internationally.

D-Market Elektronik Hizmetler ve Ticaret

Market Cap: €903.1m

D-Market Elektronik Hizmetler ve Ticaret A.S.

Aritzia

Market Cap: €9.4b

Designs, develops, and sells apparels and accessories for women in the United States and Canada.

Lithia Motors

Market Cap: €8.7b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

MarineMax

Market Cap: US$584.0m

Operates as a recreational boat and yacht retailer and superyacht services company in the United States.

Wulff-Yhtiöt Oyj

Market Cap: €19.2m

Provides workplace products, IT supplies, ergonomics, printing, international exhibition, and event services in Finland, Sweden, Norway, Denmark, other European countries, and internationally.

AO World

Market Cap: UK£491.2m

Engages in the online retailing of domestic appliances and ancillary services in the United Kingdom and Germany.

Diversified Royalty

Market Cap: CA$588.7m

A multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America.

Duell Oyj

Market Cap: €22.3m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

Ulta Beauty

Market Cap: US$23.8b

Operates as a specialty beauty retailer in the United States.

Lojas Quero-Quero

Market Cap: R$531.8m

Engages in the general retail trade activities in Brazil.

Vibra Energia

Market Cap: €27.0b

Manufactures, processes, distributes, trades in, transports, imports, and exports oil-based products, lubricants, and other fuels.

Prosus

Market Cap: €117.3b

Engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.

Canadian Tire Corporation

Market Cap: CA$9.5b

Provides a range of retail goods and services in Canada.

Penske Automotive Group

Market Cap: US$12.4b

A diversified transportation services company, operates automotive and commercial truck dealerships worldwide.

Foschini Group

Market Cap: R35.2b

Operates retail stores in South Africa and internationally.

eBay

Market Cap: €42.4b

Operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.

JB Hi-Fi

Market Cap: €12.8b

JB Hi-Fi Limited retails home consumer products.