Global Undervalued Stocks Based On Cash Flows

Mare Group

Market Cap: €64.0m

Provides digital engineering services in Italy and Europe.

Taiwan Surface Mounting Technology

Market Cap: NT$46.3b

Engages in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging worldwide.

United Bank for Africa

Market Cap: ₦2.2t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Digital Workforce Services Oyj

Market Cap: €30.3m

Provides business process automation services and technology solutions in Finland, Sweden, the United Kingdom, and internationally.

Dajin Heavy IndustryLtd

Market Cap: CN¥55.3b

Manufactures wind power equipment in China and internationally.

Kimberly-Clark

Market Cap: US$32.6b

Manufactures and markets personal care products in the United States.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Nilörngruppen

Market Cap: SEK 570.1m

Engages in the branding and design of labels, packaging, and accessories for the fashion and apparel industries in Sweden, rest of Europe, and Asia.

Yubico

Market Cap: SEK 3.4b

Provides authentication solutions for use in computers, networks, and online services.

Live Oak Bancshares

Market Cap: US$1.8b

Operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States.

Serviceware

Market Cap: €130.2m

Provides a portfolio of software solutions for the digitalization and automation of service processes in Germany, Austria, Switzerland, and internationally.

Equinox Gold

Market Cap: CA$15.4b

Engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.

RHI Magnesita

Market Cap: UK£1.3b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

James Fisher and Sons

Market Cap: UK£224.6m

Operates as an engineering services company worldwide.

cyan

Market Cap: €42.9m

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

BioHarvest Sciences

Market Cap: US$99.3m

Operates as a biotechnology company in Israel and the United States.

Altus Group

Market Cap: CA$1.9b

Provides commercial real estate (CRE) intelligence in Canada, the United States, the United Kingdom, France, rest of EMEA, Australia, and rest of the Asia Pacific.

Shanghai Putailai New Energy Technology GroupLtd

Market Cap: CN¥74.7b

Engages in the development and sale of materials of lithium-ion batteries and automation equipment in China and internationally.

Matrix Design

Market Cap: CN¥6.2b

Engages in the space design and soft furnishing businesses in China.

Premium Group

Market Cap: JP¥72.3b

Engages in the provision of financing and services worldwide.

Galderma Group

Market Cap: CHF 38.3b

Operates as a dermatology company worldwide.

Dometic Group

Market Cap: SEK 10.2b

Provides mobile living solutions for food and beverage, climate, power and control, and other applications in the United States, Germany, Australia, Italy, France, United Kingdom, Japan, Canada, the Netherlands, Sweden, and internationally.

Alnylam Pharmaceuticals

Market Cap: US$40.5b

Alnylam Pharmaceuticals, Inc. discovers, develops, manufactures, and commercializes therapeutics based on ribonucleic acid interference in the United States, Europe, and internationally.

Americas Gold and Silver

Market Cap: CA$2.6b

Engages in the exploration, development, and production of mineral properties in the Americas.

a2 Milk

Market Cap: NZ$6.4b

Sells A2-type protein type branded milk and related products in Australia, New Zealand, China, rest of Asia, and the United States.

HD-Hyundai Marine Engine

Market Cap: ₩3.6t

Manufactures and sells marine engines, industrial facilities, and plants in South Korea and internationally.

LGI

Market Cap: AU$362.0m

Provides carbon abatement and renewable energy solutions with biogas from landfill in Australia.

Newland Digital TechnologyLtd

Market Cap: CN¥19.8b

Engages in the design, development, sales, operation, and maintenance of financial POS terminal equipment in China.

SDI Group

Market Cap: UK£81.6m

Designs and manufactures scientific and technology products based on digital imaging and sensing and control applications worldwide.

Golar LNG

Market Cap: US$5.4b

Designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas.

Demant

Market Cap: DKK 42.9b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥18.7b

Engages in the debugging, media, and other businesses.

EVE Energy

Market Cap: CN¥151.6b

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

Coastal Financial

Market Cap: US$1.3b

Operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small and medium-sized businesses in the Puget Sound region in Washington.

First Busey

Market Cap: US$2.2b

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.

Airtasker

Market Cap: AU$126.7m

Engages in the provision of technology-enabled online marketplaces for local services in Australia.