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.

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.

Morimatsu International Holdings

Market Cap: HK$12.4b

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

Recupero Etico Sostenibile

Market Cap: €92.7m

Provides waste management services in Italy.

Guoquan Food (Shanghai)

Market Cap: HK$11.1b

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.

Sino Medical Sciences Technology

Market Cap: CN¥9.5b

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

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.

Daiichi Sankyo Company

Market Cap: JP¥5.5t

Manufactures and sells pharmaceutical products in Japan, the United States, Europe, and internationally.

XTPL

Market Cap: zł177.5m

Operates in the nanotechnology market in Poland and internationally.

Bike24 Holding

Market Cap: €134.3m

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

BEAUTY GARAGE

Market Cap: JP¥17.8b

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

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.

M&C Saatchi

Market Cap: UK£157.6m

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

Cloudpoint Technology Berhad

Market Cap: RM 295.0m

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.

FIT Hon Teng

Market Cap: HK$38.4b

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

PEXA Group

Market Cap: AU$2.5b

Operates a digital property settlements platform in Australia.

Krsnaa Diagnostics

Market Cap: ₹22.7b

Provides diagnostic services in India.

Sichuan Kelun-Biotech Biopharmaceutical

Market Cap: HK$97.8b

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.

Nacon

Market Cap: €41.0m

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

CURVES HOLDINGS

Market Cap: JP¥70.2b

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

Doxee

Market Cap: €50.9m

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

Vishnu Chemicals

Market Cap: ₹34.9b

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

Zhaojin Mining Industry

Market Cap: HK$122.6b

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.

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.

Neste Oyj

Market Cap: €16.0b

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

Benefit Systems

Market Cap: zł13.0b

Provides non-pay employee benefits solutions in Poland, Czech Republic, Slovakia, Bulgaria, Croatia, and Turkey.

Ningxia Building Materials GroupLtd

Market Cap: CN¥6.4b

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

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.

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.

Palfinger

Market Cap: €1.5b

Produces and sells crane and lifting solutions in Austria and internationally.

Ion Beam Applications

Market Cap: €433.1m

Designs, produces, and markets solutions for cancer diagnosis and treatments in Belgium, the United States, and internationally.