Global Undervalued Stocks Based On Cash Flows

TBC Bank Group

Market Cap: UK£2.7b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Carter Bankshares

Market Cap: US$410.3m

Operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States.

Camden National

Market Cap: US$693.0m

Operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in the United States.

Atea

Market Cap: NOK 15.8b

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

Xi'an NovaStar Tech

Market Cap: CN¥14.2b

Designs and develops light-emitting diode (LED) display control solutions in China.

Customers Bancorp

Market Cap: US$1.9b

Operates as the bank holding company for Customers Bank that provides banking products and services.

Absolent Air Care Group

Market Cap: SEK 2.7b

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

ATON Green Storage

Market Cap: €15.9m

Engages in the production and sale of storage systems for photovoltaic systems and battery energy storage system.

Gogo

Market Cap: US$2.1b

Provides broadband connectivity services to the aviation industry in the United States and internationally.

Sotera Health

Market Cap: US$3.5b

Provides sterilization, lab testing, and advisory services for the healthcare industry in the United States, Canada, Europe, and internationally.

ATRenew

Market Cap: US$759.3m

Operates pre-owned consumer electronics transactions and services platform in the People’s Republic of China.

LigaChem Biosciences

Market Cap: ₩5.1t

A clinical stage biopharmaceutical company, engages in the discovery and development of medicines for unmet medical needs.

Advanced Braking Technology

Market Cap: AU$32.6m

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

LSL Property Services

Market Cap: UK£304.6m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

Hibino

Market Cap: JP¥23.5b

Designs, sells, installs, and maintains audio equipment in Japan and internationally.

JOST Werke

Market Cap: €774.8m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, Pacific, and Africa.

Echo Investment

Market Cap: zł2.2b

Engages in the construction, lease, and sale of office, retail, and residential buildings in Poland.

Trisura Group

Market Cap: CA$2.1b

A specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally.

Polaris Holdings

Market Cap: JP¥51.4b

Operates a chain of hotels in Japan.

goeasy

Market Cap: CA$3.0b

Provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada.

Acadia Realty Trust

Market Cap: US$2.6b

An equity real estate investment trust focused on delivering long-term, profitable growth.

Hypera

Market Cap: R$16.3b

Operates as a pharmaceutical company in Brazil.

Fositek

Market Cap: NT$60.5b

Engages in the manufacture and wholesale of electronic materials and components.

SpiderPlus

Market Cap: JP¥17.9b

Engages in information and communication technology business in Japan.

Hanza

Market Cap: SEK 5.0b

Provides manufacturing solutions.

GEM

Market Cap: CN¥34.1b

Operates in the waste resource comprehensive utilization industry in China and internationally.

Green Oleo

Market Cap: €25.9m

Produces and sells fine oleochemicals from bridgeable and renewable sources.

Vistry Group

Market Cap: UK£2.0b

Provides housing solutions in the United Kingdom.

Zhuhai CosMX Battery

Market Cap: CN¥16.0b

Manufactures and supplies polymer lithium-ion batteries worldwide.

Hillgrove Resources

Market Cap: AU$96.6m

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

cottaLTD

Market Cap: JP¥4.6b

Engages in manufacture and sale of confectionary food materials and food packaging materials in Japan and internationally.

TowneBank

Market Cap: US$2.6b

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

Aquila Part Prod Com

Market Cap: RON 1.7b

Provides distribution and logistics services in Romania, Moldova, Poland, the Netherlands, Germany, and internationally.

Sparebank 68° Nord

Market Cap: NOK 535.2m

Operates as a savings bank that provides a range of banking services to personal and corporate market in Norway.

Cambi

Market Cap: NOK 3.5b

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

doValue

Market Cap: €488.0m

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.