Global Undervalued Stocks Based On Cash Flows

Harmony Gold Mining

Market Cap: R183.7b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia.

Nokian Panimo Oyj

Market Cap: €24.6m

Engages in the brewery business in Finland.

Warrior Met Coal

Market Cap: US$4.1b

Engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$926.7m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Begbies Traynor Group

Market Cap: UK£176.4m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

LianChuang Electronic TechnologyLtd

Market Cap: CN¥10.5b

Engages in the research and development, production, and sale of optics and optoelectronics in China and internationally.

ALEC Holdings PJSC

Market Cap: د.إ7.0b

ALEC Holdings PJSC engineers and constructs building projects, airport infrastructure, industrial, energy, and commercial and flagship projects.

Absolent Air Care Group

Market Cap: SEK 2.3b

Designs, develops, sells, installs, and maintains air filtration units.

Mobvista

Market Cap: HK$29.0b

Engages in the provision of advertising and marketing technology services required to develop the mobile internet ecosystem to customers worldwide.

Roche Bobois

Market Cap: €352.4m

Engages in the furniture design and distribution business in France and internationally.

EVE Energy

Market Cap: CN¥170.1b

Engages in the research, development, production, and sales of lithium batteries in China and internationally.

Exel Composites Oyj

Market Cap: €41.7m

Manufactures and sells composite profiles and tubes made with pultrusion, pull-winding, and continuous lamination processes in Europe, North America, the Asia Pacific, and internationally.

BeOne Medicines

Market Cap: US$40.5b

An oncology company, engages in discovering and developing various treatments for cancer patients in the United States, China, Europe, and internationally.

Scancom

Market Cap: GH₵55.6b

Provides telecommunications services in Ghana.

BCB Bancorp

Market Cap: US$132.5m

Operates as the bank holding company for BCB Community Bank that provides various banking products and services to businesses and individuals in the United States.

Barratt Redrow

Market Cap: UK£5.3b

Engages in the housebuilding business in the United Kingdom.

EMRO

Market Cap: ₩496.2b

Provides supply chain management software in South Korea and internationally.

NEUCA

Market Cap: zł3.5b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Tibet Tianlu

Market Cap: CN¥16.4b

Engages in general contracting business in China.

eDreams ODIGEO

Market Cap: €817.6m

Operates as an online travel company in France, Southern Europe, Northern Europe, and internationally.

Seegene

Market Cap: ₩1.2t

Manufactures and sells molecular diagnostics products worldwide.

YIT Oyj

Market Cap: €698.9m

Provides construction services in Finland, the Czech Republic, Slovakia, Poland, and internationally.

STEICO

Market Cap: €285.9m

Develops, produces, and markets ecological construction products made of renewable raw materials in Germany, Austria, Switzerland, Lichtenstein, France, Belgium, Netherlands, Luxemburg, South European countries, and internationally.

Advanced Medical Solutions Group

Market Cap: UK£457.0m

Develops, manufactures, and distributes products for the surgical, woundcare, and wound-closure markets in the United Kingdom, Germany, rest of Europe, the United States, and internationally.

Eagle Bancorp

Market Cap: US$506.0m

Operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States.

Horizon Bancorp

Market Cap: US$826.6m

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

TowneBank

Market Cap: US$2.6b

Provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina.

Wuhan Guide Infrared

Market Cap: CN¥55.2b

Engages in the research and development, production, and sale of infrared thermal imaging technology in Asia.

Stille

Market Cap: SEK 1.5b

Develops, manufactures, and distributes medtech products in Sweden and internationally.

Bonesupport Holding

Market Cap: SEK 13.3b

An orthobiologics company, develops and sells injectable bio-ceramic bone graft substitutes in Europe, North America, and internationally.

GeneDx Holdings

Market Cap: US$3.7b

A genomics company, provides genetic testing services.

JINS HOLDINGS

Market Cap: JP¥145.2b

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

Spindox

Market Cap: €73.4m

Provides information and communication technology services and solutions in Italy, Europe, and internationally.

IDEC

Market Cap: JP¥75.7b

Engages in the human-machine interface (HMI), industrial relays and components, automation and sensing, safety and explosion protection, and systems businesses in Japan, America, Europe, the Middle East, Africa, and the Asia Pacific.

Pan African Resources

Market Cap: UK£1.9b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Nam Kim Steel

Market Cap: ₫7.7t

Engages in the manufacture and sale of steel and other products in Vietnam and internationally.