Global Undervalued Stocks Based On Cash Flows

Royal Gold

Market Cap: US$12.6b

Acquires and manages precious metal streams, royalties, and related interests.

Electrovaya

Market Cap: CA$377.0m

Engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.

Inspur Digital Enterprise Technology

Market Cap: HK$10.9b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

adidas

Market Cap: €33.1b

Designs, develops, produces, and markets athletic and sports lifestyle products in Europe, North America, Greater China, Latin America, Japan, and South Korea.

Anhui Ronds Science & Technology

Market Cap: CN¥4.3b

Provides solutions for machinery condition monitoring in the predictive maintenance field in China.

Samyang Foods

Market Cap: ₩11.2t

Engages in the food business in South Korea and internationally.

Gym Group

Market Cap: UK£262.7m

Operates a network of gym facilities under the Gym Group brand name in the United Kingdom.

AstraZeneca

Market Cap: UK£174.6b

A biopharmaceutical company, focuses on the discovery, development, manufacture, and commercialization of prescription medicines.

Gooch & Housego

Market Cap: UK£146.4m

Engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally.

Hypera

Market Cap: R$14.9b

Operates as a pharmaceutical company in Brazil.

Rheinmetall

Market Cap: €87.7b

Provides mobility and security technologies in Germany; the rest of Europe; North, Middle, and South America; Asian regions, and internationally.

Beijing LongRuan Technologies

Market Cap: CN¥2.2b

Provides software solutions and information technology (IT) services based on geographic information system (GIS) for the coal industry.

Digital Workforce Services Oyj

Market Cap: €38.1m

Provides business process automation services and technology solutions in Finland, Sweden, Norway, Denmark, Poland, rest of the European Union, and internationally.

Peapack-Gladstone Financial

Market Cap: US$509.1m

Operates as the bank holding company for Peapack Private Bank & Trust that provides private banking and wealth management services in the United States.

Saudi Pharmaceutical Industries and Medical Appliances

Market Cap: ر.س3.5b

Develops, manufactures, and markets of medicinal and pharmaceutical products in the Kingdom of Saudi Arabia, the Middles East, Egypt, and Morocco.

Japan Data Science ConsortiumLtd

Market Cap: JP¥13.4b

Engages in the development and licensing of algorithm modules utilizing machine learning in Japan.

NexTone

Market Cap: JP¥22.0b

Provides music copyright management and licensing solutions in Japan and internationally.

Alnylam Pharmaceuticals

Market Cap: US$60.2b

Alnylam Pharmaceuticals, Inc. discovers, develops, and commercializes therapeutics based on ribonucleic acid interference.

SigmaRoc

Market Cap: UK£1.4b

Through its subsidiaries, invests in and/or acquires projects in the quarried materials sector.

AbbVie

Market Cap: US$393.2b

A research-based biopharmaceutical company, engages in the research and development, manufacture, commercialization, and sale of medicines and therapies worldwide.

Truecaller

Market Cap: SEK 14.8b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

PageGroup

Market Cap: UK£698.9m

Provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

FP Partner

Market Cap: JP¥51.6b

Provides insurance services for individuals and corporations in Japan.

GPT Healthcare

Market Cap: ₹12.3b

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

Northwest Bancshares

Market Cap: US$1.8b

Operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions in the United States.

Hanza

Market Cap: SEK 5.0b

Provides manufacturing solutions.

Pinnacle Financial Partners

Market Cap: US$7.3b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Neogen Chemicals

Market Cap: ₹43.8b

Engages in the manufacture and sale of specialty chemicals in India.

Kolmar Korea

Market Cap: ₩1.9t

Researches, develops, produces, and sells beauty and health products in South Korea and internationally.

Dekon Food and Agriculture Group

Market Cap: HK$31.7b

Engages in the livestock and poultry breeding and farming businesses.

Shanghai V-Test Semiconductor Tech

Market Cap: CN¥12.8b

Shanghai V-Test Semiconductor Tech. Co., Ltd.

SolarEdge Technologies

Market Cap: US$2.3b

Designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally.

MTN Uganda

Market Cap: USh6.5t

Provides telecommunication and mobile financial services in Uganda.

Horizon Bancorp

Market Cap: US$818.5m

Operates as the bank holding company for Horizon Bank that engages in the provision of commercial and retail banking services.

Prosegur Cash

Market Cap: €1.0b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

SRE Holdings

Market Cap: JP¥53.9b

Engages in the AI cloud and consulting, and real estate tech businesses in Japan.