Global Undervalued Stocks Based On Cash Flows

Beijing Luzhu Biotechnology

Market Cap: HK$3.9b

A biotechnology company, focuses on the research and development, production, and sale of human vaccines and therapeutic biologics to prevent and control infectious diseases, and treat cancer and autoimmune diseases in Mainland China.

Skymark Airlines

Market Cap: JP¥20.3b

Provides scheduled air transportation services.

GMO internet group

Market Cap: JP¥328.0b

Provides various internet services in Japan and internationally.

Nanya Technology

Market Cap: NT$907.9b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Coffee Stain Group

Market Cap: SEK 4.5b

Develops and publishes community-driven games primarily for PC and console platforms in Scandinavia and internationally.

Netcompany Group

Market Cap: DKK 15.3b

Engages in the provision of IT solutions to private and public customers in Denmark, Norway, the United Kingdom, the Netherlands, Greece, Belgium, Luxembourg, and internationally.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Super Group (SGHC)

Market Cap: US$7.0b

Operates as an online sports betting and gaming operator.

Ework Group

Market Cap: SEK 1.0b

Engages in the provision of total talent solutions for IT/OT, research and development, engineering, and business development in Sweden, Norway, Finland, Germany, Denmark, Poland, the Netherlands, and Slovakia.

iRhythm Holdings

Market Cap: US$3.9b

A digital healthcare company, engages in the design, development, and commercialization of device-based technology that provides ambulatory cardiac monitoring services to diagnose arrhythmias in the United States.

Live Oak Bancshares

Market Cap: US$1.7b

Operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States.

Revenio Group Oyj

Market Cap: €374.6m

Provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

RHI Magnesita

Market Cap: UK£1.3b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Heidmar Maritime Holdings

Market Cap: US$72.6m

Heidmar Maritime Holdings Corp., a commercial and technical management company, operates tanker and dry-bulk vessel pools worldwide.

BEAUTY GARAGE

Market Cap: JP¥17.7b

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

Capricorn Metals

Market Cap: AU$5.9b

Explores, develops, evaluates, and produces gold in Australia.

Cogstate

Market Cap: AU$433.7m

A neuroscience solutions company, engages in the creation, validation, and commercialization of digital brain health assessments worldwide.

Mahindra Logistics

Market Cap: ₹35.3b

Provides integrated logistics and mobility solutions in India and internationally.

Nexstim

Market Cap: €63.3m

A medical technology company, engages in the development of non-invasive brain stimulation technologies in Finland, rest of Europe, North America, and internationally.

F-Secure Oyj

Market Cap: €332.3m

Operates as a cybersecurity company in Finland and internationally.

Icelandic Salmon

Market Cap: NOK 2.4b

Engages in production, processing, and sale of salmon and salmon-based products in Europe, North America, and Asia.

Merck

Market Cap: US$279.1b

Operates as a healthcare company worldwide.

DEUTZ

Market Cap: €1.5b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Cavotec Group

Market Cap: SEK 1.4b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications in Europe, the Middle East, Africa, the Asia Pacific, and Americas.

Technip Energies

Market Cap: €6.3b

Operates as an engineering and technology company in Europe, Central Asia, Africa, the Middle East, the Asia Pacific, and the Americas.

Oxford Biomedica

Market Cap: UK£749.7m

A contract development and manufacturing organization, focuses on delivering therapies to patients worldwide.

Korea Circuit

Market Cap: ₩2.4t

Engages in the production and sale of printed circuit boards worldwide.

Tristel

Market Cap: UK£184.5m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Yunnan Energy New Material (Group)

Market Cap: CN¥74.5b

Provides film products in China and internationally.

Rayonier

Market Cap: US$6.1b

A land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S.

Matrix Design

Market Cap: CN¥6.3b

Engages in the space design and soft furnishing businesses in China.

Cint Group

Market Cap: SEK 2.1b

Operates as a research and measurement technology in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Plus Alpha ConsultingLtd

Market Cap: JP¥100.5b

Provides marketing and HR solutions in japan.

BTG Consulting

Market Cap: UK£195.9m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

Military Commercial Bank

Market Cap: ₫199.8t

Provides banking products and services in Vietnam.

M&G

Market Cap: UK£7.5b

Through its subsidiaries, provides investment and savings products to institutional clients and individual policyholders in the United Kingdom and internationally.