Global Food, Beverage & Tobacco Undervalued Stocks Based On Cash Flows

New Zealand King Salmon Investments

Market Cap: NZ$105.5m

Engages in the farming, processing, and sale of salmon products in New Zealand, North America, Australia, Japan, Europe, China, and internationally.

Nokian Panimo Oyj

Market Cap: €25.1m

Engages in the brewery business in Finland.

Fevertree Drinks

Market Cap: UK£971.0m

Engages in the development and sale of mixer drinks in the United Kingdom, the United States, Europe, and internationally.

Ülker Bisküvi Sanayi

Market Cap: ₺40.8b

Manufactures, markets, and sells biscuits, chocolates, chocolate coated biscuits, wafers, and cakes in Turkey and internationally.

Coca-Cola Içecek Anonim Sirketi

Market Cap: ₺153.8b

Engages in the production, sale, and distribution of sparkling and still beverages in Turkey, Pakistan, Bangladesh, Central Asia, and the Middle East.

High Quality Food

Market Cap: €7.0m

Engages in the production, transformation, and distribution of food products in Italy and internationally.

Nichols

Market Cap: UK£376.7m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Kaldvik

Market Cap: NOK 2.0b

Engages in the salmon farming business in Iceland.

Nascon Allied Industries

Market Cap: ₦267.5b

Manufactures and sells refined, edible, and grade salt in Nigeria.

Kotobuki Spirits

Market Cap: JP¥293.4b

Produces and sells sweets in Japan and internationally.

Samyang Foods

Market Cap: ₩10.0t

Engages in the food business in South Korea and internationally.

Halwani Bros

Market Cap: ر.س1.3b

Manufactures, packages, wholesales, and retails food products in the Kingdom of Saudi Arabia, Arab Republic of Egypt, and internationally.

Elders

Market Cap: AU$1.3b

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

RLX Technology

Market Cap: US$2.9b

Through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally.

Smoore International Holdings

Market Cap: HK$78.0b

An investment holding company, engages in the provision of vaping technology solutions.

GURU Organic Energy

Market Cap: CA$168.5m

A beverage company, produces, markets, and distributes natural, plant-based, and organic energy drinks in Canada and the United States.

Eastroc Beverage(Group)

Market Cap: CN¥140.3b

Engages in the research and development, production, and sales of beverages in China.

Hanjaya Mandala Sampoerna

Market Cap: Rp101.8t

Engages in manufacture, distribution, and trading of cigarettes and other tobacco products in Indonesia and Internationally.

Lifedrink Company

Market Cap: JP¥101.3b

Manufactures and sells soft drinks in Japan.

Astral Foods

Market Cap: R8.6b

Operates as an integrated poultry producer in South Africa and internationally.

Guilin Layn Natural Ingredients

Market Cap: CN¥6.0b

Produces and sells plant extracts and natural flavors in China and internationally.

Purcari Wineries

Market Cap: RON 738.2m

Through its subsidiaries, engages in the production, bottling, and sale of wines in Central and Eastern Europe.

Shandong Bailong Chuangyuan Bio-Tech

Market Cap: CN¥8.5b

Shandong Bailong Chuangyuan Bio-Tech Co., Ltd.

Hindustan Foods

Market Cap: ₹63.8b

Engages in the business of contract manufacturing of fast moving consumer goods in India and internationally.

Petpal Pet Nutrition Technology

Market Cap: CN¥4.0b

Petpal Pet Nutrition Technology Co., Ltd.