Global Undervalued Stocks Based On Cash Flows

Trajan Group Holdings

Market Cap: AU$128.0m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

MTN Uganda

Market Cap: USh6.3t

Provides telecommunication and mobile financial services in Uganda.

adidas

Market Cap: €30.9b

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

DSV

Market Cap: DKK 317.7b

Offers transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific.

TaewoongLtd

Market Cap: ₩723.3b

Manufactures and sells open-die forgings and ring rolled products in South Korea and internationally.

Q & M Dental Group (Singapore)

Market Cap: S$452.8m

An investment holding company, provides private dental healthcare services in Singapore, Malaysia, China, and internationally.

Nanjing COSMOS Chemical

Market Cap: CN¥6.8b

Engages in the research, development, production, and sale of daily chemical raw materials in China and internationally.

Phibro Animal Health

Market Cap: US$1.5b

Operates as an animal health and mineral nutrition company in the United States, Latin America and Canada, Europe, the Middle East, Africa, and the Asia Pacific.

Japan Data Science ConsortiumLtd

Market Cap: JP¥13.3b

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

Corsair Gaming

Market Cap: US$924.6m

Designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific.

Tofas Türk Otomobil Fabrikasi Anonim Sirketi

Market Cap: ₺113.7b

Manufactures and sells passenger cars and light commercial vehicles in Turkey.

Inspur Digital Enterprise Technology

Market Cap: HK$11.4b

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.

Atea

Market Cap: NOK 15.8b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Udemy

Market Cap: US$1.0b

A learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Gateley (Holdings)

Market Cap: UK£173.0m

Provides commercial legal and consultancy services in the United Kingdom, Europe, the Middle East, North and South America, Asia, and internationally.

Pansoft

Market Cap: CN¥4.9b

Provides management information solutions and IT integrated services for large enterprises in China.

Takara Bio

Market Cap: JP¥111.6b

Engages in the businesses of reagents, equipment, contract services, and genetic medicine in Japan, China, the rest of Asia, the United States, Europe, and internationally.

Walvax Biotechnology

Market Cap: CN¥19.8b

Researches, develops, produces, and markets vaccines in China.

Micro Systemation

Market Cap: SEK 1.2b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

SolarEdge Technologies

Market Cap: US$2.0b

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.

Credit Clear

Market Cap: AU$101.9m

Engages in the provision of debt resolution services and technology development and implementation of the digital engagement platform in Australia and New Zealand.

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Taiwan Union Technology

Market Cap: NT$87.3b

Engages in the manufacture and sale of copper foil substrates, adhesive sheets, and multi-layer laminated boards in Taiwan and internationally.

Shin Maint HoldingsLtd

Market Cap: JP¥22.7b

Provides maintenance services in Japan.

Kogan.com

Market Cap: AU$390.5m

Operates as an online retailer in Australia.

Kuraray

Market Cap: JP¥579.3b

Engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide.

Cosmax

Market Cap: ₩2.4t

Researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally.

Salmones Camanchaca

Market Cap: CL$247.1b

Engages in the salmon farming business in Chile.

Corporativo Fragua. de

Market Cap: Mex$51.8b

Operates pharmacy stores under the Superfarmacia name in Mexico.

Investar Holding

Market Cap: US$227.0m

Operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States.

Camurus

Market Cap: SEK 43.0b

A biopharmaceutical company, develops and commercializes medicines for severe and chronic diseases in Europe, Africa, the Middle East, North America, and Asia.

Robit Oyj

Market Cap: €25.5m

Engages in the design, manufacture, and sale of drilling consumables for mining, quarrying, construction, and well drilling industries in Finland.

AprilBioLtd

Market Cap: ₩574.3b

AprilBio Co., Ltd. develops long-acting type biobetter and antibody biologics.

Beijing LongRuan Technologies

Market Cap: CN¥2.3b

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

Matsuya R&DLtd

Market Cap: JP¥15.6b

Develops, manufactures, and sells stitching systems for automobile safety devices in Japan.

SSR Mining

Market Cap: CA$5.7b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.