Global Retail Undervalued Stocks Based On Cash Flows

Japan Eyewear Holdings

Market Cap: JP¥51.2b

Through its subsidiaries, engages in the designing, manufacturing, and selling eyeglasses in Japan.

E-Globe

Market Cap: €12.3m

Engages in the online sale of air conditioners, boilers, stoves, solar panels, fan coils, heat pumps, and water heaters in Italy and internationally.

Dogus Otomotiv Servis ve Ticaret

Market Cap: ₺39.8b

Engages in automotive and real estate businesses in Turkey.

Rusta

Market Cap: SEK 10.0b

Engages in the retail of products in home decoration, consumables, seasonal products, leisure, and Do It Yourself (DIY) categories in Sweden, Norway, Finland, and Germany.

Allegro.eu

Market Cap: zł35.4b

Operates a commerce platform for consumers in Poland, Czech Republic, and internationally.

Likewise Group

Market Cap: UK£68.9m

Likewise Group Plc, together with its subsidiaries, wholesales and distributes floorcoverings, rugs, and matting products for domestic and commercial flooring markets in the United Kingdom and Rest of Europe.

Chewy

Market Cap: US$13.8b

Engages in the e-commerce business in the United States.

BuySell TechnologiesLtd

Market Cap: JP¥104.8b

Engages in the kimono/branded goods reuse business in Japan.

Baazar Style Retail

Market Cap: ₹22.8b

Engages in the retail of various apparel and non-apparel consumer products in India.

Sea

Market Cap: US$84.3b

Through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally.

DFS Furniture

Market Cap: UK£361.6m

Designs, manufactures, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland.

ProCook Group

Market Cap: UK£36.0m

Through its subsidiaries, engages in the sale of kitchenware and related products in the United Kingdom.

Westwing Group

Market Cap: €259.0m

Engages in the home and living e-commerce retail.

BHG Group

Market Cap: SEK 5.0b

Operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally.

JINS HOLDINGS

Market Cap: JP¥155.2b

Through its subsidiaries, engages in the planning, manufacturing, sales, and import/export of eyewear in Japan and internationally.

Moonpig Group

Market Cap: UK£669.1m

Operates as a data and technology platform for online greeting cards and gifting in the Netherlands, Ireland, Australia, the United States, and the United Kingdom.

Victorian Plumbing Group

Market Cap: UK£253.5m

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

TENTIAL

Market Cap: JP¥31.9b

TENTIAL Co., Ltd. operates a sports platform.

ATRenew

Market Cap: US$924.5m

Operates pre-owned consumer electronics transactions and services platform in the People’s Republic of China.

Coupang

Market Cap: US$52.3b

Owns and operates retail business through its mobile applications and internet websites in South Korea and internationally.

Pet Center Comércio e Participações

Market Cap: R$1.8b

Operates physical and digital stores that sells products and services for pets in Brazil.

Bike24 Holding

Market Cap: €149.7m

Operates online cycling platforms in Germany, Austria, Switzerland, rest of Europe, and internationally.

MINISO Group Holding

Market Cap: US$6.6b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

RVRC Holding

Market Cap: SEK 6.9b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, and internationally.

Société Nouvelle Maison de la Ville de Tunis

Market Cap: د.ت162.7m

Engages in the multi-department retailing of various goods and products in Tunisia.

Wickes Group

Market Cap: UK£513.5m

Operates as a retailer of home improvement products and services in the United Kingdom.

Moshi Moshi Retail Corporation

Market Cap: ฿11.2b

Engages in the retail and wholesale of lifestyle products in Thailand.

Pattern Group

Market Cap: US$3.2b

Pattern Group Inc. accelerates various brands on ecommerce marketplaces using proprietary technology and AI.

MercadoLibre

Market Cap: US$106.4b

Operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

CCC

Market Cap: zł10.4b

Engages in the retail sale of footwear and other products in Poland, Central and Eastern Europe, and Western Europe.

Global-E Online

Market Cap: US$6.2b

Provides direct-to-consumer cross-border e-commerce platform in Israel, the United Kingdom, the United States, and internationally.

Answear.com

Market Cap: zł544.5m

Operates online fashion stores in Poland and internationally.

Aritzia

Market Cap: CA$11.3b

Designs, develops, and sells apparels and accessories for women in the United States and Canada.

Mynews Holdings Berhad

Market Cap: RM 427.7m

An investment holding company, engages in the retail and convenience store businesses on Malaysia.

Pop Mart International Group

Market Cap: HK$292.2b

An investment holding company, engages in the design, development, and sale of pop toys in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

AO World

Market Cap: UK£589.6m

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