Global Undervalued Stocks Based On Cash Flows

First Merchants

Market Cap: US$2.5b

Operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$987.8m

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

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Malakoff Corporation Berhad

Market Cap: RM 4.2b

An investment holding company, operates as an independent power production and supply, and environmental management company in Malaysia.

cyan

Market Cap: €43.8m

Through its subsidiaries, provides cybersecurity solutions and telecommunication services in Europe, the Middle East, Africa, and the Asia-Pacific.

Avic Aviation High-Technology

Market Cap: CN¥35.1b

Researches, develops, manufactures, and sells aviation new materials and intelligent equipment in China.

Eltel

Market Cap: SEK 1.5b

Operates as an infrastructure and service provider for critical communication and power networks in Finland, Sweden, Norway, Denmark, Lithuania, Germany, and Poland.

Glaukos

Market Cap: US$7.1b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

Shida Shinghwa Advanced Material Group

Market Cap: CN¥24.2b

Shida Shinghwa Advanced Material Group Co., Ltd.

Metriks AI. Società Benefit

Market Cap: €35.1m

Develops Service as a Software platform that helps companies and organizations to make strategic decisions, optimize performance, and transform data into value.

JAC Recruitment

Market Cap: JP¥135.8b

Provides recruitment consultancy services in Japan.

Acryl

Market Cap: ₩291.9b

Engages in the development and supply of artificial intelligence application software in South Korea.

SHIFT

Market Cap: JP¥169.1b

Provides software quality assurance and testing solutions in Japan.

A-tieLtd

Market Cap: JP¥10.6b

Engages in grave construction and management business.

Alnylam Pharmaceuticals

Market Cap: US$40.5b

Alnylam Pharmaceuticals, Inc. discovers, develops, manufactures, and commercializes therapeutics based on ribonucleic acid interference in the United States, Europe, and internationally.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas

Market Cap: R$2.0b

Engages in the acquisition, development, exploration, and sale of agricultural properties in Brazil, Paraguay, and Bolivia.

Coastal Financial

Market Cap: US$1.3b

Operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small and medium-sized businesses in the Puget Sound region in Washington.

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.

CAG Group

Market Cap: SEK 795.6m

Operates as an IT consulting company in Sweden.

First Busey

Market Cap: US$2.2b

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.

Yubico

Market Cap: SEK 3.5b

Provides authentication solutions for use in computers, networks, and online services.

BioHarvest Sciences

Market Cap: US$99.3m

Operates as a biotechnology company in Israel and the United States.

ISF Group Berhad

Market Cap: RM 475.0m

An investment holding company, engages in supply and installation of piping systems in Malaysia.

Softcare

Market Cap: HK$17.7b

Operates as a hygiene product corporation principally engaged in the development, manufacturing, and sales of baby and feminine hygiene products in Africa, Latin America and Central Asia.

Serviceware

Market Cap: €130.7m

Provides a portfolio of software solutions for the digitalization and automation of service processes in Germany, Austria, Switzerland, and internationally.

FB Financial

Market Cap: US$2.8b

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

Rayhoo Motor DiesLtd

Market Cap: CN¥6.2b

Engages in the automobile manufacturing equipment and automobile lightweight parts businesses in China and internationally.

Golar LNG

Market Cap: US$5.4b

Designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas.

RHI Magnesita

Market Cap: UK£1.3b

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

Aldeyra Therapeutics

Market Cap: US$93.3m

A biotechnology company, discovers and develops therapies designed to treat immune-mediated diseases.

Cheffelo

Market Cap: SEK 1.4b

Engages in the supply and delivery of meal kits to various customers in Sweden, Norway, and Denmark.

Dometic Group

Market Cap: SEK 10.1b

Provides mobile living solutions for food and beverage, climate, power and control, and other applications in the United States, Germany, Australia, Italy, France, United Kingdom, Japan, Canada, the Netherlands, Sweden, and internationally.

James Fisher and Sons

Market Cap: UK£234.2m

Operates as an engineering services company worldwide.

Continental

Market Cap: €13.1b

Manufactures tire and develops and produces solutions for automotive manufacturers, industrial, and end customers worldwide.

Matrix Design

Market Cap: CN¥6.0b

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

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥18.8b

Engages in the debugging, media, and other businesses.