U.K. Undervalued Stocks Based On Cash Flows

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.

Burberry Group

Market Cap: UK£4.4b

Engages in manufacturing, retail, and wholesale of luxury goods under the Burberry brand in the Asia Pacific, Europe, the Middle East, India, Africa, and the Americas.

LSL Property Services

Market Cap: UK£316.1m

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.

Marlowe

Market Cap: UK£343.9m

Provides business-critical services in the United Kingdom.

Moonpig Group

Market Cap: UK£700.0m

Provides online greeting cards and gifts in the Netherlands, Ireland, Australia, the United States, and the United Kingdom.

Victorian Plumbing Group

Market Cap: UK£223.3m

Operates as an online retailer of bathroom products and accessories for B2C and trade customers in the United Kingdom.

AstraZeneca

Market Cap: UK£161.8b

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

Van Elle Holdings

Market Cap: UK£42.7m

Operates as a geotechnical and ground engineering contractor in the United Kingdom.

Begbies Traynor Group

Market Cap: UK£196.2m

Provides professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom.

Gooch & Housego

Market Cap: UK£165.9m

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.

Topps Tiles

Market Cap: UK£75.8m

Engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom.

Franchise Brands

Market Cap: UK£288.8m

Through its subsidiaries, engages in franchising and related activities in the United Kingdom, Ireland, North America, and Continental Europe.

Savills

Market Cap: UK£1.3b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

Fintel

Market Cap: UK£253.2m

Engages in the provision of intermediary services and distribution channels to the retail financial services sector in the United Kingdom.

Mitie Group

Market Cap: UK£1.7b

Provides facilities management and professional services in the United Kingdom and internationally.

Advanced Medical Solutions Group

Market Cap: UK£428.7m

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.

Aptitude Software Group

Market Cap: UK£170.9m

Provides financial management software in the United Kingdom and internationally.

ECO Animal Health Group

Market Cap: UK£51.8m

Develops, registers, and markets pharmaceutical products for animals worldwide.

Deliveroo

Market Cap: UK£2.7b

A holding company, operates an online on-demand food and non-food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar.

1Spatial

Market Cap: UK£52.4m

Engages in the development and distribution of software solutions with associated consultancy and support in the United Kingdom, Ireland, Rest of Europe, the United States, and Australia.

Applied Nutrition

Market Cap: UK£315.0m

Engages in the manufacture, wholesale, and retail of sports nutritional products in the United Kingdom and internationally.

Kromek Group

Market Cap: UK£35.7m

Develops, manufactures, and sells radiation detection components and devices for the advanced imaging, CBRN detection, and biological threat detection markets.

Restore

Market Cap: UK£366.3m

Provides secure and sustainable business services for data, information, communications, and assets primarily in the United Kingdom.

Carr's Group

Market Cap: UK£71.3m

Engages in the agriculture business in the United Kingdom and internationally.

NIOX Group

Market Cap: UK£288.1m

Engages in the design, development, and commercialization of medical devices for asthma diagnosis, monitoring, and management worldwide.

Barratt Redrow

Market Cap: UK£5.3b

Engages in the housebuilding business in the United Kingdom.

Coats Group

Market Cap: UK£1.3b

Engages in thread manufacturing, structural components for apparel and footwear, and performance materials worldwide.

ConvaTec Group

Market Cap: UK£4.9b

Engages in the development, manufacturing, and sale of medical products, services and technologies in Europe, North America, and internationally.

Entain

Market Cap: UK£6.0b

Operates as a sports-betting and gaming company in the United Kingdom, Ireland, Italy, rest of Europe, Australia, New Zealand, and internationally.

Calnex Solutions

Market Cap: UK£42.2m

Designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally.

On the Beach Group

Market Cap: UK£453.0m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Vp

Market Cap: UK£225.2m

Provides equipment rental and related services in the United Kingdom and internationally.

Brickability Group

Market Cap: UK£204.2m

Supplies, distributes, and imports building products in the United Kingdom.

Property Franchise Group

Market Cap: UK£338.5m

Engages in residential property franchise, and licensing and financial services businesses in the United Kingdom.

Dr. Martens

Market Cap: UK£758.6m

Engages in the design, development, procurement, marketing, sale, and distribution of footwear.

AO World

Market Cap: UK£539.5m

Engages in the online retailing of domestic appliances and ancillary services in the United Kingdom and Germany.