Global Undervalued Stocks Based On Cash Flows

Truecaller

Market Cap: SEK 25.7b

Engages in developing and publishing mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

DoorDash

Market Cap: US$80.6b

Operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally.

Lingbao Gold Group

Market Cap: HK$11.6b

Primarily engages in mining, processing, smelting, refining, and sale of gold products in the People’s Republic of China.

Yuhan

Market Cap: ₩8.2t

Manufactures and sells prescription drugs, over-the-counter drugs, veterinary drugs, and household goods in South Korea and internationally.

Etteplan Oyj

Market Cap: €263.9m

Provides software and embedded, industrial equipment and plant engineering, and technical communication solutions in Finland, Scandinavia, China, and Central Europe.

dormakaba Holding

Market Cap: CHF 2.9b

Provides access and security solutions worldwide.

Renesas Electronics

Market Cap: JP¥3.1t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Super Group (SGHC)

Market Cap: US$4.4b

Operates as an online sports betting and gaming operator.

Obiz

Market Cap: €25.6m

Provides relationship marketing and customer loyalty solutions in France and internationally.

Sword Group

Market Cap: €297.7m

Provides IT and software solutions worldwide.

NOCIL

Market Cap: ₹30.8b

Engages in the manufacture and sale of rubber chemicals for tire and other rubber processing industries in India and internationally.

Crest Nicholson Holdings

Market Cap: UK£497.0m

Engages in building residential homes in the United Kingdom.

Nutanix

Market Cap: US$19.3b

Provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

Pexip Holding

Market Cap: NOK 4.8b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Ready Capital

Market Cap: US$755.0m

Operates as a real estate finance company in the United States.

Pure Storage

Market Cap: US$15.5b

Engages in the provision of data storage and management technologies, products, and services in the United States and internationally.

ECO Animal Health Group

Market Cap: UK£44.0m

Develops, registers, and markets pharmaceutical products for animals worldwide.

Duke Capital

Market Cap: UK£138.1m

A private equity firm specializing in Management Buyouts, buy-and-build strategies, mid-market, minority buyouts, restructuring investments & royalty financing in small and medium size businesses.

Barbeque-Nation Hospitality

Market Cap: ₹12.3b

Owns and operates a chain of casual dining restaurants under the Barbeque-Nation brand name in India, the United Arab Emirates, Oman, Malaysia, and Bahrain.

TBC Bank Group

Market Cap: UK£2.7b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

MetroCity Bankshares

Market Cap: US$711.0m

Operates as the bank holding company for Metro City Bank that provides banking products and services in the United States.

Rakus

Market Cap: JP¥402.5b

Provides cloud services in Japan.

HealthEquity

Market Cap: US$7.8b

Provides technology-enabled services platforms to consumers and employers in the United States.

Net Insight

Market Cap: SEK 968.4m

Provides media network solutions worldwide.

Fodelia Oyj

Market Cap: €56.0m

Operates as a food company in Finland.

Alfio Bardolla Training Group

Market Cap: €9.8m

Provides personal finance training services in Italy and internationally.

Atour Lifestyle Holdings

Market Cap: US$3.5b

Through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China.

Qt Group Oyj

Market Cap: €1.4b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Borosil

Market Cap: ₹38.5b

Manufactures, sells, and trades in consumer ware products in India.

German American Bancorp

Market Cap: US$1.4b

Operates as a financial holding company for German American Bank that provides retail and commercial banking, and health management services.

Regis Healthcare

Market Cap: AU$2.2b

Engages in the provision of residential aged care services in Australia.

PointsBet Holdings

Market Cap: AU$359.9m

Provides sports, racing, and iGaming betting products and services through its cloud-based technology platform in Australia.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$2.4b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Maire

Market Cap: €3.2b

MAIRE S.p.A. develops and implements various solutions to enable the energy transition.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥10.9b

Engages in the research, production, and marketing of Chinese medicinal products in the People’s Republic of China and internationally.

UWC Berhad

Market Cap: RM 2.3b

An investment holding company, engages in the provision of precision sheet metal fabrication, precision machined components, and value-added assembly services in Malaysia, the United States, Singapore, Thailand, India, France, the Netherlands, Australia, China, Canada, Denmark, Germany, Japan, Mexico, Spain, South Korea, and Vietnam.