Global Undervalued Stocks Based On Cash Flows

Trade Desk

Market Cap: US$20.3b

Operates as a technology company in the United States and internationally.

Pennar Industries

Market Cap: ₹30.4b

Operates as an engineering company in India and internationally.

PetroVietnam Power Corporation - JSC

Market Cap: ₫34.9t

Engages in the production and distribution of industrial and consumer electricity in Vietnam.

Nicolet Bankshares

Market Cap: US$1.8b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

Corporativo Fragua. de

Market Cap: Mex$52.6b

Operates pharmacy stores under the Superfarmacia name in Mexico.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$926.7m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Solstice Advanced Materials

Market Cap: US$6.9b

Operates as a specialty materials company.

Visional

Market Cap: JP¥407.0b

Provides human resources platform solutions in Japan.

Hasbro

Market Cap: US$10.9b

Operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong.

Food Empire Holdings

Market Cap: S$1.4b

An investment holding company, operates as a food and beverage manufacturing and distribution company in Russia, Ukraine, Kazakhstan and CIS markets, South-East Asia, South Asia, and internationally.

PharmaResearch

Market Cap: ₩4.7t

Operates as a biopharmaceutical company primarily in South Korea.

ASE Technology Holding

Market Cap: NT$970.9b

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

EMRO

Market Cap: ₩509.8b

Provides supply chain management software in South Korea and internationally.

Beacon Financial

Market Cap: US$2.1b

Operates as the bank holding company for Beacon Bank & Trust that provides various banking solutions in New England and New York, the United States.

XTPL

Market Cap: zł180.6m

Operates in the nanotechnology market in Poland and internationally.

Figeac Aero Société Anonyme

Market Cap: €504.9m

Manufactures, supplies, and sells equipment and sub-assemblers for aeronautics sector in France.

IDEC

Market Cap: JP¥75.2b

Engages in the human-machine interface (HMI), industrial relays and components, automation and sensing, safety and explosion protection, and systems businesses in Japan, America, Europe, the Middle East, Africa, and the Asia Pacific.

Ferrari Group

Market Cap: €733.1m

Provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and internationally.

BCB Bancorp

Market Cap: US$132.5m

Operates as the bank holding company for BCB Community Bank that provides various banking products and services to businesses and individuals in the United States.

Pan African Resources

Market Cap: UK£1.9b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Stille

Market Cap: SEK 1.6b

Develops, manufactures, and distributes medtech products in Sweden and internationally.

freee K.K

Market Cap: JP¥210.2b

Engages in the provision of cloud-based accounting and HR software solutions in Japan.

Esautomotion

Market Cap: €38.5m

Develops, manufactures, and sells industrial automation products and services in Italy.

Bonesupport Holding

Market Cap: SEK 13.7b

An orthobiologics company, develops and sells injectable bio-ceramic bone graft substitutes in Europe, North America, and internationally.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.6b

Manufactures and sells cement, cement clinkers, concrete, and aggregates in China.

Horizon Bancorp

Market Cap: US$826.6m

Operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services.

Alibaba Health Information Technology

Market Cap: HK$95.2b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Vimi Fasteners

Market Cap: €15.3m

Manufactures and supplies various fastener systems for the automotive, industrial engine and vehicle, oil and gas, and aerospace and motorsport markets in Italy and internationally.

Kitron

Market Cap: NOK 13.3b

Operates as an electronics manufacturing services provider in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States.

Airtel Africa

Market Cap: UK£11.2b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Lotte Tour Development

Market Cap: ₩1.5t

Engages in the provision of travel and tourism services in South Korea.

TechMatrix

Market Cap: JP¥82.8b

Engages in the information infrastructure and application service business in Japan.

Orthex Oyj

Market Cap: €85.2m

A houseware company, designs, produces, markets, and sells household products in Nordics, the rest of Europe, and internationally.

Trifork Group

Market Cap: DKK 1.6b

Provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally.

High Quality Food

Market Cap: €7.0m

Engages in the production, transformation, and distribution of food products in Italy and internationally.

JINS HOLDINGS

Market Cap: JP¥150.8b

Through its subsidiaries, engages in the planning, manufacturing, sales, and import/export of eyewear in Japan and internationally.