Global Undervalued Stocks Based On Cash Flows

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 15.2b

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.

Matrix Design

Market Cap: CN¥6.3b

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

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.

Plus Alpha ConsultingLtd

Market Cap: JP¥100.5b

Provides marketing and HR solutions in japan.

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.

Tfe

Market Cap: ₩720.6b

Engages in the manufacture and sale of semiconductor IC testing equipment in South Korea 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.

iRhythm Holdings

Market Cap: US$3.8b

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.

Sichuan Kelun-Biotech Biopharmaceutical

Market Cap: HK$105.8b

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

Strike Group

Market Cap: JP¥69.5b

Provides mergers and acquisitions brokerage services for small and medium-sized companies in Japan.

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.

Nexstim

Market Cap: €64.8m

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

Mahindra Logistics

Market Cap: ₹35.3b

Provides integrated logistics and mobility solutions in India 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.

STI

Market Cap: ₩427.4b

Operates in the semiconductor equipment industry in Korea.

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.

APR

Market Cap: ₩15.0t

Manufactures and sells cosmetic products for men and women.

Oxford Biomedica

Market Cap: UK£749.7m

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

Tristel

Market Cap: UK£184.5m

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

freee K.K

Market Cap: JP¥130.7b

Engages in the provision of cloud-based accounting and HR software solutions in Japan.

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.

Nan Ya Printed Circuit Board

Market Cap: NT$563.5b

Manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally.

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.

BTG Consulting

Market Cap: UK£195.9m

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

Elsight

Market Cap: AU$1.3b

Engages in the development and commercialization of the connectivity solutions in Europe, Israel, the United States, and internationally.

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.

Kingstone Companies

Market Cap: US$225.8m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

Lovisa Holdings

Market Cap: AU$2.4b

Engages in the retail sale of fashion jewelry and accessories.