Global Undervalued Stocks Based On Cash Flows

e.l.f. Beauty

Market Cap: US$7.3b

A beauty company, provides cosmetics and skin care products worldwide.

Tibet GaoZheng Explosive

Market Cap: CN¥10.5b

Produces and sells civil explosives and blasting products in China.

Liontown Resources

Market Cap: AU$3.6b

Engages in the exploration, evaluation, and development of mineral properties in Australia.

doValue

Market Cap: €536.3m

Engages in the management of non-performing loans (NLP), unlikely to pay (UTP), early arrears, and performing loans for banks and investors in Italy, Spain, Greece, and Cyprus.

Likewise Group

Market Cap: UK£65.2m

Likewise Group Plc, together with its subsidiaries, wholesales and distributes floorcoverings, rugs, and matting products for domestic and commercial flooring markets in the United Kingdom and Rest of Europe.

Aquafil

Market Cap: €166.5m

Engages in the production, reprocessing, and sale of polyamide 6 fibers and polymers in Europe, the Middle East, Africa, Asia, Oceania, and the United States.

Hanza

Market Cap: SEK 6.0b

Provides manufacturing solutions.

Ülker Bisküvi Sanayi

Market Cap: ₺39.4b

Manufactures, markets, and sells biscuits, chocolates, chocolate coated biscuits, wafers, and cakes in Turkey and internationally.

Cicor Technologies

Market Cap: CHF 853.2m

Develops, and manufactures electronic components, devices, and systems worldwide.

NexTone

Market Cap: JP¥22.1b

Provides music copyright management and licensing solutions in Japan and internationally.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.7b

An investment holding company, engages in the manufacture and trading of cement and construction materials in Malaysia and internationally.

COVER

Market Cap: JP¥124.7b

COVER Corporation distribute videos and music through VTubers distribution platform in Japan.

Andes Technology

Market Cap: NT$13.8b

Provides embedded system application solutions.

First Busey

Market Cap: US$2.1b

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.

Teikoku Sen-i

Market Cap: JP¥89.9b

Manufactures and sells disaster prevention products and equipment in Japan.

Forterra

Market Cap: UK£385.6m

Engages in the manufacturing and sale of building products made from clay and concrete in the United Kingdom.

Talgo

Market Cap: €318.3m

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

Artemis Gold

Market Cap: CA$7.7b

Focuses on the identification, acquisition, and development of gold properties.

Mentice

Market Cap: SEK 279.0m

Develops, sells, and markets solutions for training and decision support in the clinical area of interventional angiography in cardiology, neurology, vascular surgery, and radiology.

TaewoongLtd

Market Cap: ₩622.2b

Manufactures and sells open-die forgings and ring rolled products in South Korea and internationally.

Pandora

Market Cap: DKK 67.1b

Engages in the designing, manufacturing, and marketing of jewelry products.

Vale Indonesia

Market Cap: Rp45.1t

Engages in the mining and processing of nickel in Indonesia.

Advanced Medical Solutions Group

Market Cap: UK£470.0m

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.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.4b

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

ArcticZymes Technologies

Market Cap: NOK 1.5b

A life sciences company, develops, manufactures, and commercializes recombinant enzymes for use in molecular research, in vitro diagnostics, and biomanufacturing.

Hypera

Market Cap: R$14.8b

Operates as a pharmaceutical company in Brazil.

New Zealand King Salmon Investments

Market Cap: NZ$110.3m

Engages in the farming, processing, and sale of salmon products in New Zealand, North America, Australia, Japan, Europe, China, and internationally.

Aecc Aero Science and TechnologyLtd

Market Cap: CN¥9.0b

Engages in the research, development, manufacture, sale, and service of aircraft engines and gas turbine parts in China, rest of Asia, the United States, and Europe.

Lingotes Especiales

Market Cap: €56.5m

Together with its subsidiary, Frenos y Conjuntos, engages in the design, development, casting, machining, and assembly of grey and spheroidal iron parts for the automotive sector in Spain, rest of Europe, Africa, and internationally.

Nordisk Bergteknik

Market Cap: SEK 689.7m

Provides rock handling and foundation solutions in Sweden, Norway, Finland, and internationally.

Udemy

Market Cap: US$1.0b

A learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

High Quality Food

Market Cap: €6.9m

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

Gooch & Housego

Market Cap: UK£154.5m

Engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally.

AstraZeneca

Market Cap: UK£194.6b

A biopharmaceutical company, focuses on the discovery, development, manufacture, and commercialization of prescription medicines.

SigmaRoc

Market Cap: UK£1.3b

Through its subsidiaries, invests in and/or acquires projects in the quarried materials sector.

Fifth Third Bancorp

Market Cap: US$28.2b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.