Global Retail Undervalued Stocks Based On Cash Flows

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Baazar Style Retail

Market Cap: ₹24.9b

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

Sinar Eka Selaras

Market Cap: Rp1.4t

Distributes and retails lifestyle products and solutions of various brands in Indonesia.

MercadoLibre

Market Cap: US$81.6b

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

Moshi Moshi Retail Corporation

Market Cap: ฿12.1b

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

Lovisa Holdings

Market Cap: AU$2.5b

Engages in the retail sale of fashion jewelry and accessories.

AUTO1 Group

Market Cap: €5.0b

A technology company, operates a digital automotive platform for buying and selling used cars online in Germany, France, Spain, Italy, and internationally.

Haypp Group

Market Cap: SEK 4.3b

An e-commerce company, engages in the sale of nicotine pouches and snus products in Sweden, Norway, Europe, and the United States.

Rusta

Market Cap: SEK 11.5b

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.

Sea

Market Cap: US$52.5b

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

Betterware de MéxicoP.I. de

Market Cap: US$684.2m

Operates as a direct-to-consumer selling company in the United States and Mexico.

Kogan.com

Market Cap: AU$387.6m

Operates as an online retailer in Australia.

Victoria's Secret

Market Cap: US$6.3b

Operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.

Cosan

Market Cap: R$13.2b

Engages in the fuel distribution business.

BHG Group

Market Cap: SEK 4.4b

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

Daya Intiguna Yasa

Market Cap: Rp21.4t

Operates as a household appliance, furniture, stationery, electronic, and sport equipment retailer in Indonesia and internationally.

SILICON2

Market Cap: ₩2.3t

Engages in the distribution of cosmetics products worldwide.

Coupang

Market Cap: US$27.1b

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

D'Ieteren Group

Market Cap: €8.7b

Operates as an investment company in Belgium, France, rest of Europe, and internationally.

Japan Eyewear Holdings

Market Cap: JP¥52.5b

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

Allegro.eu

Market Cap: zł35.1b

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

Victorian Plumbing Group

Market Cap: UK£271.8m

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

Grupo SBF

Market Cap: R$2.3b

Engages in the sale of sporting goods and leisure products in Brazil.

Zibuyu Group

Market Cap: HK$1.9b

An investment holding company, operates as a cross-border e-commerce company in China in North America, Asia, Europe, and internationally.

Jumia Technologies

Market Cap: US$888.0m

Operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally.

Global-E Online

Market Cap: US$5.6b

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

Aritzia

Market Cap: CA$19.0b

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

Sanrio Company

Market Cap: JP¥1.0t

Plans and sells social communication gifts, greeting cards, and books in Japan, Europe, North America, South America, rest of Asia, and internationally.

Groupe Dynamite

Market Cap: CA$7.3b

Designs, distributes, and sells women’s apparel under the Dynamite and Garage brand names in Canada, the United Kingdom, and the United States.

CDON

Market Cap: SEK 756.7m

Operates online marketplaces in Sweden, Finland, Denmark, and Norway.

Temple & Webster Group

Market Cap: AU$614.2m

Engages in the online retail of furniture, homewares, and home improvement products through its online platform in Australia.

Oponeo.pl

Market Cap: zł1.1b

Engages in the online retail of tyres and wheels for motor vehicles in Poland.

Modivo

Market Cap: zł6.4b

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

Arvind Fashions

Market Cap: ₹60.2b

Engages in the wholesale and retail trading of garments and accessories in India and internationally.

Supply Network

Market Cap: AU$1.4b

Provides aftermarket parts to the commercial vehicle market in Australia and New Zealand.

BuySell TechnologiesLtd

Market Cap: JP¥232.2b

Engages in the reuse business for kimonos and branded items in Japan.