Global Healthcare Undervalued Stocks Based On Cash Flows

Gushengtang Holdings

Market Cap: HK$9.1b

An investment holding company, provides healthcare services in the People’s Republic of China.

Elan

Market Cap: JP¥49.3b

Engages in the nursing care business primarily in Japan.

GPT Healthcare

Market Cap: ₹12.4b

Owns and operates a chain of multispecialty hospitals under the name ILS Hospitals brand name in India.

MicroPort CardioFlow Medtech

Market Cap: HK$2.2b

A medical device company, engages in the research, development, and commercialization of transcatheter and surgical solutions for structural heart diseases in the People’s Republic of China and internationally.

Hims & Hers Health

Market Cap: US$12.6b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Nexstim

Market Cap: €63.9m

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

Privia Health Group

Market Cap: US$2.8b

Operates as a national physician-enablement company in the United States.

Ion Beam Applications

Market Cap: €364.7m

Designs, produces, and markets solutions for cancer diagnosis and treatments in Belgium, the United States, and internationally.

Surgical Science Sweden

Market Cap: SEK 8.1b

Develops and markets virtual reality simulators for evidence-based medical training in Europe, North and South America, Asia, and internationally.

TransMedics Group

Market Cap: US$4.7b

A commercial-stage medical technology company, engages in transforming organ transplant therapy for end-stage organ failure patients in the United States and internationally.

Stille

Market Cap: SEK 1.9b

Develops, manufactures, and distributes medtech products in Sweden and internationally.

Sonova Holding

Market Cap: CHF 15.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Carl Zeiss Meditec

Market Cap: €5.3b

Operates as a medical technology company in Germany, rest of Europe, North America, and Asia.

Beijing Chunlizhengda Medical Instruments

Market Cap: HK$6.4b

Beijing Chunlizhengda Medical Instruments Co., Ltd.

HangzhouS MedTech

Market Cap: CN¥5.1b

Engages in the research, development, production, sale, and service of endoscopic surgery equipment and accessories in China.

Jiangxi Rimag Group

Market Cap: HK$5.3b

Invests and operates medical imaging centers in China.

Inspire Medical Systems

Market Cap: US$4.0b

A medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally.

Top Glove Corporation Bhd

Market Cap: RM 6.3b

An investment holding company, manufactures, trades in, and sells gloves in Malaysia, Thailand, the People’s Republic of China, and internationally.

MLP Saglik Hizmetleri

Market Cap: ₺64.6b

Provides healthcare service in Turkey, Azerbaijan, and Hungary.

Nanosonics

Market Cap: AU$1.3b

Operates as an infection prevention company globally.

Integral Diagnostics

Market Cap: AU$863.5m

A healthcare services company, engages in the provision of diagnostic imaging services to general practitioners, medical specialists, and allied health professionals and their patients in Australia and New Zealand.

Acotec Scientific Holdings

Market Cap: HK$2.5b

Operates as an interventional medical device company that offers vascular interventional treatment products in Mainland China and internationally.

MeHow Innovative

Market Cap: CN¥9.9b

Designs, develops, manufactures, and sells precision medical device components and products in China and internationally.

SyntheticMR

Market Cap: SEK 1.2b

Engages in the development and marketing of imaging and software solutions for magnetic resonance imaging (MRI) in Sweden and internationally.

DuChemBIOLtd

Market Cap: ₩316.0b

Engages in the development, production, and sale of radiopharmaceutical products for cancer diagnosis and treatment in South Korea.

NIOX Group

Market Cap: UK£286.3m

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

Xvivo Perfusion

Market Cap: SEK 9.8b

A medical technology company, develops and markets machines and perfusion solutions for assessing usable organs and maintains in optimal condition pending transplantation in Sweden.

BrainsWay

Market Cap: ₪718.0m

Develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States, East Asia, and internationally.

BMC Medical

Market Cap: CN¥7.5b

Researches, develops, manufactures, and supplies medical equipment and consumable in the field of respiratory health in China.

CLASSYS

Market Cap: ₩3.8t

Provides medical aesthetics devices worldwide.

Synektik Spólka Akcyjna

Market Cap: zł1.8b

Provides products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine applications in Poland.

Simulations Plus

Market Cap: US$554.1m

Develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide.

Pennant Group

Market Cap: US$1.0b

Provides healthcare services in the United States.

Myomo

Market Cap: US$107.2m

A wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States, Germany, and internationally.

PolyNovo

Market Cap: AU$905.0m

Designs, manufactures, and sells biodegradable medical devices in the United States, Australia, New Zealand, and internationally.

CVS Group

Market Cap: UK£925.4m

Engages in veterinary, pet crematoria, online pharmacy, and retail businesses.