Global Undervalued Stocks Based On Cash Flows

Airtel Africa

Market Cap: UK£10.7b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Recupero Etico Sostenibile

Market Cap: €81.5m

Provides waste management services in Italy.

Eagle Bancorp

Market Cap: US$495.6m

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

Atea

Market Cap: NOK 16.6b

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

STEICO

Market Cap: €277.7m

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.

Eco-Shop Marketing Berhad

Market Cap: RM 8.3b

An investment holding company, operates a chain of dollar stores in Malaysia.

Vistry Group

Market Cap: UK£2.0b

Provides housing solutions in the United Kingdom.

Guoquan Food (Shanghai)

Market Cap: HK$10.6b

Operates as a home meal products company in Mainland China.

Nicolet Bankshares

Market Cap: US$1.8b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

B&S Group

Market Cap: €500.0m

Distributes consumer goods worldwide.

Daldrup & Söhne

Market Cap: €94.6m

Provides drilling and environmental services in Germany and Central Europe.

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.

PVA TePla

Market Cap: €496.2m

Offers systems and solutions to produce components for energy storage systems, photovoltaic modules, and wind turbines worldwide.

New Zealand King Salmon Investments

Market Cap: NZ$105.5m

Engages in the farming, processing, and sale of salmon products in New Zealand, North America, Australia, Japan, Europe, China, and internationally.

Gooch & Housego

Market Cap: UK£152.3m

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.

Barratt Redrow

Market Cap: UK£5.3b

Engages in the housebuilding business in the United Kingdom.

E-Globe

Market Cap: €11.9m

Engages in the online sale of air conditioners, boilers, stoves, solar panels, fan coils, heat pumps, and water heaters in Italy and internationally.

IbidenLtd

Market Cap: JP¥1.9t

Manufactures and sells electronic and ceramics products in Japan, Asia, North America, and internationally.

Roche Bobois

Market Cap: €356.4m

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

Insource

Market Cap: JP¥71.0b

Provides various lecturer dispatch type training, open lecture, and other services in Japan.

doValue

Market Cap: €500.7m

Engages in the management of non-performing loans (NLP), unlikely to pay (UTP), early arrears, and performing loans for banks and investors in Italy, Spain, Greece, and Cyprus.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.6b

Chongqing Baiya Sanitary Products Co., Ltd.

Xi'an International Medical Investment

Market Cap: CN¥10.7b

Provides healthcare services.

TowneBank

Market Cap: US$2.5b

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

NEUCA

Market Cap: zł3.5b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Begbies Traynor Group

Market Cap: UK£178.8m

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

Fevertree Drinks

Market Cap: UK£951.2m

Engages in the development and sale of mixer drinks in the United Kingdom, the United States, Europe, and internationally.

Advanced Braking Technology

Market Cap: AU$47.7m

Engages in the research, design, development, manufacture, distribution, and sale of braking solutions worldwide.

Crocs

Market Cap: US$4.1b

Designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under the Crocs and HEYDUDE Brands in the United States and internationally.

Visional

Market Cap: JP¥400.3b

Provides human resources platform solutions in Japan.

Alibaba Health Information Technology

Market Cap: HK$92.3b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Allcore

Market Cap: €21.0m

Provides tax and business consulting services for small and medium-sized businesses in Italy.

Horizon Bancorp

Market Cap: US$796.2m

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

Fiverr International

Market Cap: US$798.9m

Operates an online marketplace worldwide.

Meitu

Market Cap: HK$40.2b

An investment holding company, engages in the development and provision of products that streamline the production of photo, video, and design with other AI-powered products in Mainland China and internationally.

Advanced Medical Solutions Group

Market Cap: UK£460.3m

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.