Global Undervalued Stocks Based On Cash Flows

Thomas Cook (India)

Market Cap: ₹51.5b

Offers integrated travel services in India and internationally.

Comvita

Market Cap: NZ$48.7m

Engages in research, manufacturing, marketing, and distribution nature health products in Australia, New Zealand, Greater China, rest of Asia, North America, Europe, the Middle East, Africa, and internationally.

Genesem

Market Cap: ₩76.9b

Develops, manufactures, and supplies automated equipment for the semiconductor back-end process in South Korea and internationally.

Demant

Market Cap: DKK 39.5b

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

Takara Bio

Market Cap: JP¥96.0b

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.

BEAUTY GARAGE

Market Cap: JP¥17.6b

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

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Mips

Market Cap: SEK 7.4b

Develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia.

Hyundai Rotem

Market Cap: ₩22.1t

Manufactures and sells railway vehicles, defense systems, and plants and machinery in South Korea and internationally.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.3b

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

M&C Saatchi

Market Cap: UK£157.0m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.

CURVES HOLDINGS

Market Cap: JP¥70.1b

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

Nacon

Market Cap: €40.7m

Designs, develops, and markets video game accessories in France and internationally.

Horizon Bancorp

Market Cap: US$947.2m

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

CSPC Innovation Pharmaceutical

Market Cap: CN¥47.3b

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

Power Solutions International

Market Cap: US$1.9b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Kitron

Market Cap: NOK 18.6b

Operates as an electronics manufacturing services provider in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States.

Hypera

Market Cap: R$15.0b

Operates as a pharmaceutical company in Brazil.

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.

EcoUp Oyj

Market Cap: €15.8m

Develops, manufactures, and sells construction products and raw materials in Finland, EU Countries, and internationally.

Talgo

Market Cap: €381.8m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Workday

Market Cap: US$42.8b

Provides enterprise cloud applications in the United States and internationally.

Nokian Panimo Oyj

Market Cap: €25.0m

Engages in the brewery business in Finland.

Streamwide

Market Cap: €195.8m

Designs, develops, markets, and maintains a set of service software for mobiles and telecommunication operators worldwide.

EMRO

Market Cap: ₩477.7b

Provides supply chain management software in South Korea 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.

TLB

Market Cap: ₩542.5b

Manufactures and sells printed circuit boards (PCBs) in South Korea, China, rest of Asia, and the United States.

Cedar Woods Properties

Market Cap: AU$629.6m

Develops and invests in properties in Australia.

Life360

Market Cap: AU$6.0b

Operates a technology platform to locate people, pets, and things in North America, Europe, the Middle East, Africa, and internationally.

Datadog

Market Cap: US$39.2b

Operates an observability and security platform for cloud applications in the United States and internationally.

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.

Spotify Technology

Market Cap: US$87.1b

Provides audio streaming subscription services worldwide.

Circle

Market Cap: €42.7m

Provides management consultancy, IT, and software solutions for the port, maritime, and logistics sectors in Italy.

PEXA Group

Market Cap: AU$2.4b

Operates a digital property settlements platform in Australia.

Peraso

Market Cap: US$8.1m

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

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.