Global Undervalued Stocks Based On Cash Flows

BEAUTY GARAGE

Market Cap: JP¥17.8b

BEAUTY GARAGE Inc. purchases and sells beautician and beauty products and equipment.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Motorpoint Group

Market Cap: UK£108.7m

Operates as an omnichannel vehicle retailer in the United Kingdom.

CSPC Innovation Pharmaceutical

Market Cap: CN¥49.8b

Engages in the research and development, production, and sales of biopharmaceuticals, functional foods, and raw materials in China and internationally.

Sino Medical Sciences Technology

Market Cap: CN¥9.4b

A medical device company, engages in the research, development, production, and distribution of interventional medical devices in China.

Doxee

Market Cap: €50.1m

A high-tech company, provides services for customer communications management (CCM), paperless, and digital customer experience markets.

Bike24 Holding

Market Cap: €134.3m

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

Exel Composites Oyj

Market Cap: €56.7m

Manufactures and sells composite profiles and tubes made with pultrusion, pull-winding, and continuous lamination processes in Europe, North America, the Asia Pacific, and internationally.

Cambi

Market Cap: NOK 2.8b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Advanced Medical Solutions Group

Market Cap: UK£476.9m

Develops, manufactures, and distributes products for the surgical, woundcare, and wound-closure markets in the United Kingdom, Germany, rest of Europe, the United States, and internationally.

Nokian Panimo Oyj

Market Cap: €24.9m

Engages in the brewery business in Finland.

Asia Commercial Bank

Market Cap: ₫118.1t

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

D.I

Market Cap: ₩952.2b

Manufactures and supplies semiconductor inspection equipment in South Korea and internationally.

Streamwide

Market Cap: €194.2m

Designs, develops, markets, and maintains a set of service software for mobiles and telecommunication operators worldwide.

CURVES HOLDINGS

Market Cap: JP¥71.0b

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

Asker Healthcare Group

Market Cap: SEK 27.1b

Provides medical supplies, devices, and equipment, and related solutions that support patient care.

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.

Outokumpu Oyj

Market Cap: €2.4b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Troax Group

Market Cap: SEK 5.8b

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

Hypera

Market Cap: R$15.0b

Operates as a pharmaceutical company in Brazil.

KB Components

Market Cap: SEK 2.2b

Designs, develops, manufactures, and sells polymer components for light vehicles, heavy vehicles, medical, furniture, industrial, lighting, chrome plating, and industrial window applications in Sweden and internationally.

Old National Bancorp

Market Cap: US$10.0b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.5b

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

Cencosud

Market Cap: CL$8.3t

Operates as a retailer in Latin America.

Sichuan Kelun-Biotech Biopharmaceutical

Market Cap: HK$101.9b

A biopharmaceutical company, engages in the research and development, manufacturing, and commercialization of novel drugs in oncology, immunology, and other therapeutic areas in the People’s Republic of China and internationally.

Fuji Media Holdings

Market Cap: JP¥527.6b

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

Vishnu Chemicals

Market Cap: ₹35.1b

Engages in the manufacture and sale of chromium chemicals in India.

Zhaojin Mining Industry

Market Cap: HK$115.5b

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.

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.

Kitron

Market Cap: NOK 18.7b

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

Dingdong (Cayman)

Market Cap: US$580.8m

Operates an e-commerce company in China.

Circle

Market Cap: €42.8m

Provides management consultancy, IT, and software solutions for the port, maritime, and logistics sectors in Italy.

MGM Resorts International

Market Cap: US$9.8b

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

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.

Sprout Social

Market Cap: US$458.7m

Designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Takara Bio

Market Cap: JP¥98.4b

Engages in the businesses of reagents, equipment, contract services, and genetic medicine in Japan, China, the rest of Asia, the United States, Europe, and internationally.