Global Undervalued Stocks Based On Cash Flows

BEAUTY GARAGE

Market Cap: JP¥17.8b

BEAUTY GARAGE Inc. purchases and sells beautician and beauty products and equipment.

Recupero Etico Sostenibile

Market Cap: €92.7m

Provides waste management services in Italy.

MGM Resorts International

Market Cap: US$9.7b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

HD Renewable Energy

Market Cap: NT$15.3b

Engages in the development of solar power generation systems, engineering construction, and maintenances in Taiwan.

GB Group

Market Cap: UK£500.0m

Provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally.

Cambi

Market Cap: NOK 2.8b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

CSPC Innovation Pharmaceutical

Market Cap: CN¥48.7b

Engages in the research and development, production, and sales of biopharmaceuticals, functional foods, and raw materials in China and internationally.

Andritz

Market Cap: €7.2b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Sino Medical Sciences Technology

Market Cap: CN¥9.4b

A medical device company, engages in the research, development, production, and distribution of interventional medical devices in China.

Hypera

Market Cap: R$15.1b

Operates as a pharmaceutical company in Brazil.

Bike24 Holding

Market Cap: €135.6m

Operates online cycling platforms in Germany, Austria, Switzerland, rest of Europe, and internationally.

Exel Composites Oyj

Market Cap: €56.7m

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.

Asia Commercial Bank

Market Cap: ₫121.5t

Provides various banking products and services to personal and business customers in Vietnam.

cyan

Market Cap: €49.0m

Through its subsidiaries, provides cybersecurity solutions and telecommunication services in Europe, the Middle East, Africa, and the Asia-Pacific.

CURVES HOLDINGS

Market Cap: JP¥71.0b

Engages in the operation and management of fitness club for women under the Curves brand name in Japan and internationally.

Austriacard Holdings

Market Cap: €290.1m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Nokian Panimo Oyj

Market Cap: €25.1m

Engages in the brewery business in Finland.

Orla Mining

Market Cap: CA$8.0b

Acquires, explores, develops, and exploits mineral properties.

Sibanye Stillwater

Market Cap: R195.3b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Grieg Seafood

Market Cap: NOK 8.2b

Through its subsidiaries, operates as a fish farming company in Norway, the United Kingdom, rest of Europe, the United States, Canada, Asia, and internationally.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.5b

Manufactures and sells cement, cement clinkers, concrete, and aggregates in China.

D.I

Market Cap: ₩902.8b

Manufactures and supplies semiconductor inspection equipment in South Korea and internationally.

KB Components

Market Cap: SEK 2.2b

Designs, develops, manufactures, and sells polymer components for light vehicles, heavy vehicles, medical, furniture, industrial, lighting, chrome plating, and industrial window applications in Sweden and internationally.

Vishnu Chemicals

Market Cap: ₹35.5b

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

Neste Oyj

Market Cap: €16.2b

Provides renewable diesel and sustainable aviation fuel in Finland, other Nordic countries, Baltic Rim, other European countries, the United States, and internationally.

Sichuan Kelun-Biotech Biopharmaceutical

Market Cap: HK$102.1b

A biopharmaceutical company, engages in the research and development, manufacturing, and commercialization of novel drugs in oncology, immunology, and other therapeutic areas in the People’s Republic of China and internationally.

Peraso

Market Cap: US$8.2m

A fabless semiconductor company, develops, markets, and sells semiconductor devices and antenna modules in North America, Hong Kong, Taiwan, and internationally.

Zhaojin Mining Industry

Market Cap: HK$116.5b

An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and other metallic products in the People’s Republic of China and internationally.

Northwest Bancshares

Market Cap: US$1.9b

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.

First Busey

Market Cap: US$2.4b

Operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States.

Cromwell Property Group

Market Cap: AU$1.1b

A real estate investment manager with $4.2 billion of assets under management in Australia and New Zealand on 30 June 2025.

Dustin Group

Market Cap: SEK 2.2b

Engages in online information technology business in Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium.

BioLife Solutions

Market Cap: US$1.1b

Develops, manufactures, and markets bioproduction products and services for the cell and gene therapy (CGT) industry in the United States, Europe, the Middle East, Africa, and internationally.

Fuji Media Holdings

Market Cap: JP¥527.6b

Through its subsidiaries, engages in the broadcasting activities in Japan.

Alphatec Holdings

Market Cap: US$2.1b

A medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders in the United States and internationally.