Global Undervalued Stocks Based On Cash Flows

Ategrity Specialty Insurance Company Holdings

Market Cap: US$979.9m

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

Sotera Health

Market Cap: US$3.4b

Provides sterilization, lab testing, and advisory services for the healthcare industry in the United States, Canada, Europe, and internationally.

RVRC Holding

Market Cap: SEK 5.0b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

Forum Engineering

Market Cap: JP¥63.6b

Provides personnel management services for mechanical and electrical engineers in Japan.

Digital Workforce Services Oyj

Market Cap: €38.1m

Provides business process automation services and technology solutions in Finland, Sweden, Norway, Denmark, Poland, rest of the European Union, and internationally.

Hibino

Market Cap: JP¥23.3b

Designs, sells, installs, and maintains audio equipment in Japan and internationally.

Semrush Holdings

Market Cap: US$1.5b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

Hims & Hers Health

Market Cap: US$13.0b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Shin Maint HoldingsLtd

Market Cap: JP¥22.1b

Provides maintenance services in Japan.

Elders

Market Cap: AU$1.4b

Provides agricultural products and services to rural and regional customers primarily in Australia.

doValue

Market Cap: €471.7m

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.

Upsales Technology

Market Cap: SEK 644.9m

Operates as a software-as-a-service company that develops and sells web-based business systems with a focus on sales, marketing, and analysis in Sweden and internationally.

Atea

Market Cap: NOK 16.1b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Zhuhai CosMX Battery

Market Cap: CN¥15.9b

Manufactures and supplies polymer lithium-ion batteries worldwide.

Talenom Oyj

Market Cap: €160.3m

Provides accounting and other services for small and medium-sized enterprises in Finland, Sweden, Spain, and Italy.

ACNB

Market Cap: US$450.5m

A financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States.

Advanced Braking Technology

Market Cap: AU$32.6m

Engages in the research, design, development, manufacture, distribution, and sale of braking solutions worldwide.

KeePer Technical Laboratory

Market Cap: JP¥93.3b

Develops, manufactures, and sells car coatings, car washing chemicals and equipment, and other products in Japan.

Polaris Holdings

Market Cap: JP¥51.0b

Operates a chain of hotels in Japan.

HL Holdings

Market Cap: ₩378.6b

Engages in the automobile, construction, and education/sports businesses in South Korea and internationally.

Absolent Air Care Group

Market Cap: SEK 2.6b

Designs, develops, sells, installs, and maintains air filtration units.

Definitive Healthcare

Market Cap: US$620.5m

Provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally.

KebNi

Market Cap: SEK 724.0m

Develops, produces, and sells products and applications for stabilization, navigation, and satcom worldwide.

Grupo Hotelero Santa Fe. de

Market Cap: Mex$2.6b

Acquires, develops, and operates beach and urban hotels in Mexico.

cottaLTD

Market Cap: JP¥4.6b

Engages in manufacture and sale of confectionary food materials and food packaging materials in Japan and internationally.

GEM

Market Cap: CN¥34.4b

Operates in the waste resource comprehensive utilization industry in China and internationally.

TBC Bank Group

Market Cap: UK£2.7b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Green Oleo

Market Cap: €25.1m

Produces and sells fine oleochemicals from bridgeable and renewable sources.

BHG Group

Market Cap: SEK 4.5b

Operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally.

SpiderPlus

Market Cap: JP¥17.9b

Engages in information and communication technology business in Japan.

Aquila Part Prod Com

Market Cap: RON 1.7b

Provides distribution and logistics services in Romania, Moldova, Poland, the Netherlands, Germany, and internationally.

HDC Hyundai Development

Market Cap: ₩1.5t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

FB Financial

Market Cap: US$2.2b

Operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services.

LSL Property Services

Market Cap: UK£310.8m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

Shenzhen Envicool Technology

Market Cap: CN¥30.9b

Produces and sells temperature control and energy savings solutions and products in China.

PolyNovo

Market Cap: AU$915.4m

Designs, manufactures, and sells biodegradable medical devices in the United States, Australia, New Zealand, and internationally.