Global Undervalued Stocks Based On Cash Flows

CURVES HOLDINGS

Market Cap: JP¥70.3b

Engages in the operation and management of fitness club for women under the Curves brand name in Japan and internationally.

Sicily by Car

Market Cap: €110.5m

Engages in the car rental business in Italy.

MGM Resorts International

Market Cap: US$9.7b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Generic Sweden

Market Cap: SEK 577.7m

A technology company, provides messaging services for all applications.

HD Renewable Energy

Market Cap: NT$15.3b

Engages in the development of solar power generation systems, engineering construction, and maintenances in Taiwan.

Grieg Seafood

Market Cap: NOK 8.2b

Through its subsidiaries, operates as a fish farming company in Norway, the United Kingdom, rest of Europe, the United States, Canada, Asia, and internationally.

Dustin Group

Market Cap: SEK 2.2b

Engages in online information technology business in Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium.

Galderma Group

Market Cap: CHF 35.5b

Operates as a dermatology company worldwide.

Cedar Woods Properties

Market Cap: AU$653.4m

Develops and invests in properties in Australia.

Hypera

Market Cap: R$15.1b

Operates as a pharmaceutical company in Brazil.

Rosebank Industries

Market Cap: UK£1.4b

Does not have significant operations.

Auntea Jenny (Shanghai) Industrial

Market Cap: HK$9.0b

Auntea Jenny (Shanghai) Industrial Co., Ltd.

Fuji Media Holdings

Market Cap: JP¥517.6b

Through its subsidiaries, engages in the broadcasting activities in Japan.

Cromwell Property Group

Market Cap: AU$1.1b

A real estate investment manager with $4.2 billion of assets under management in Australia and New Zealand on 30 June 2025.

Recupero Etico Sostenibile

Market Cap: €92.7m

Provides waste management services in Italy.

Zhaojin Mining Industry

Market Cap: HK$114.9b

An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and other metallic products in the People’s Republic of China and internationally.

Volati

Market Cap: SEK 7.3b

A private equity firm specializing in growth capital, buyouts, add on acquisitions in mature and middle market companies.

Lumi Gruppen

Market Cap: NOK 1.1b

Operates as an education provider in Norway.

Northwest Bancshares

Market Cap: US$1.9b

Operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions in the United States.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥19.6b

Engages in the debugging, media, and other businesses.

Austriacard Holdings

Market Cap: €290.1m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Talgo

Market Cap: €389.8m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Sibanye Stillwater

Market Cap: R195.3b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Orla Mining

Market Cap: CA$8.0b

Acquires, explores, develops, and exploits mineral properties.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.5b

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

PEXA Group

Market Cap: AU$2.5b

Operates a digital property settlements platform in Australia.

Asia Commercial Bank

Market Cap: ₫122.5t

Provides various banking products and services to personal and business customers in Vietnam.

Nokian Panimo Oyj

Market Cap: €25.1m

Engages in the brewery business in Finland.

Helens International Holdings

Market Cap: HK$1.1b

An investment holding company, engages in the bar operations and franchise business in the People’s Republic of China (PRC) and Hong Kong.

Peraso

Market Cap: US$8.2m

A fabless semiconductor company, develops, markets, and sells semiconductor devices and antenna modules in North America, Hong Kong, Taiwan, and internationally.

ACG Metals

Market Cap: UK£354.8m

Produces gold and silver in Turkey.

First Busey

Market Cap: US$2.4b

Operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States.

Robit Oyj

Market Cap: €26.6m

Engages in the design, manufacture, and sale of drilling consumables for mining, quarrying, construction, and well drilling industries in Finland.

Oxford Innotech Berhad

Market Cap: RM 181.1m

An investment holding company, provides precision engineering, mechanical assembly, and automation and robotics solutions in Malaysia, rest of Asia, North America, and Europe.

Troax Group

Market Cap: SEK 5.6b

Through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Europe, and internationally.