Global Undervalued Stocks Based On Cash Flows

Calix

Market Cap: US$3.5b

Provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Morimatsu International Holdings

Market Cap: HK$12.8b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

BEAUTY GARAGE

Market Cap: JP¥17.8b

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

Exel Composites Oyj

Market Cap: €58.6m

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.

Guoquan Food (Shanghai)

Market Cap: HK$10.9b

Operates as a home meal products company in Mainland China.

Columbia Banking System

Market Cap: US$9.5b

Operates as the Bank holding company of Columbia Bank that provides banking, private banking, mortgage, and other financial services in the United States.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Sprout Social

Market Cap: US$458.7m

Designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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.

FIT Hon Teng

Market Cap: HK$39.3b

Manufactures and sells mobile and wireless devices and connectors in Taiwan and internationally.

Doxee

Market Cap: €50.1m

A high-tech company, provides services for customer communications management (CCM), paperless, and digital customer experience markets.

KORU Medical Systems

Market Cap: US$221.4m

Develops, manufactures, and commercializes subcutaneous infusion solutions primarily for the subcutaneous drug delivery market in the United States and internationally.

Bike24 Holding

Market Cap: €134.3m

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

Cloudpoint Technology Berhad

Market Cap: RM 303.0m

An investment holding company, provides information technology (IT) and artificial intelligence (AI) solutions, digital applications, and cloud services in Malaysia.

Helens International Holdings

Market Cap: HK$1.1b

An investment holding company, engages in the bar operations and franchise business in the People’s Republic of China (PRC) and Hong Kong.

Horizon Bancorp

Market Cap: US$952.3m

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

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.

Advanced Medical Solutions Group

Market Cap: UK£476.9m

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.

Nokian Panimo Oyj

Market Cap: €25.2m

Engages in the brewery business in Finland.

Motorpoint Group

Market Cap: UK£105.5m

Operates as an omnichannel vehicle retailer in the United Kingdom.

Krsnaa Diagnostics

Market Cap: ₹22.7b

Provides diagnostic services in India.

PEXA Group

Market Cap: AU$2.5b

Operates a digital property settlements platform in Australia.

Sichuan Kelun-Biotech Biopharmaceutical

Market Cap: HK$101.9b

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.

Vishnu Chemicals

Market Cap: ₹35.1b

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

Streamwide

Market Cap: €194.2m

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

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.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.5b

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

Asker Healthcare Group

Market Cap: SEK 30.6b

Provides medical supplies, devices, and equipment, and related solutions that support patient care.

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.

Outokumpu Oyj

Market Cap: €2.4b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, 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.

Troax Group

Market Cap: SEK 5.8b

Through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Europe, 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.

Zhaojin Mining Industry

Market Cap: HK$115.5b

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.

Thai Coconut

Market Cap: ฿8.5b

Produces and distributes coconut products in Thailand.