Global Retail Undervalued Stocks Based On Cash Flows

Baazar Style Retail

Market Cap: ₹25.3b

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

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Moshi Moshi Retail Corporation

Market Cap: ฿12.1b

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

Sinar Eka Selaras

Market Cap: Rp1.5t

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

Lovisa Holdings

Market Cap: AU$2.6b

Engages in the retail sale of fashion jewelry and accessories.

Bike24 Holding

Market Cap: €136.9m

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

Landmark Cars

Market Cap: ₹15.7b

Engages in the automotive retail business in India.

MercadoLibre

Market Cap: US$86.0b

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

BHG Group

Market Cap: SEK 4.6b

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

Kogan.com

Market Cap: AU$402.0m

Operates as an online retailer in Australia.

Japan Eyewear Holdings

Market Cap: JP¥51.1b

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

Global-E Online

Market Cap: US$5.1b

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

Daya Intiguna Yasa

Market Cap: Rp22.3t

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

Haypp Group

Market Cap: SEK 4.8b

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

Sea

Market Cap: US$55.4b

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

Coupang

Market Cap: US$29.8b

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

Aritzia

Market Cap: CA$17.7b

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

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Cosan

Market Cap: R$14.9b

Engages in the fuel distribution business.

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.

Allegro.eu

Market Cap: zł35.2b

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

Jumia Technologies

Market Cap: US$899.2m

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

Zibuyu Group

Market Cap: HK$2.0b

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

Grupo SBF

Market Cap: R$2.5b

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

D'Ieteren Group

Market Cap: €9.0b

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

CDON

Market Cap: SEK 768.2m

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

Temple & Webster Group

Market Cap: AU$634.5m

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.

Supply Network

Market Cap: AU$1.4b

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

Groupe Dynamite

Market Cap: CA$8.2b

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

RVRC Holding

Market Cap: SEK 6.2b

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

Arvind Fashions

Market Cap: ₹61.7b

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

JINS HOLDINGS

Market Cap: JP¥192.8b

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

Victoria's Secret

Market Cap: US$4.4b

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

ProCook Group

Market Cap: UK£39.4m

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

Rusta

Market Cap: SEK 14.1b

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.