Global Diversified Financials Undervalued based on future growth

CSC Financial

Market Cap: HK$193.9b

Provides investment banking services in Mainland China and internationally.

Kaspi.kz

Market Cap: US$14.3b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Ally Financial

Market Cap: US$12.9b

A digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda.

Everbright Securities

Market Cap: CN¥71.2b

Operates as a securities company in Mainland China and internationally.

OneMain Holdings

Market Cap: US$7.0b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

Rithm Capital

Market Cap: US$5.9b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Virtu Financial

Market Cap: US$5.8b

Operates as a financial services company in the United States, Ireland, and internationally.

Shift4 Payments

Market Cap: US$5.2b

Engages in the provision of software and payment processing solutions in the United States and internationally.

Lazard

Market Cap: US$5.2b

Operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Victory Capital Holdings

Market Cap: US$4.9b

Operates as an asset management company in the United States and internationally.

PennyMac Financial Services

Market Cap: US$4.7b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.

Nexi

Market Cap: €3.9b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.

Housing and Urban Development

Market Cap: ₹404.2b

Provides loans and financing for housing and urban development projects in India.

Man Group

Market Cap: UK£3.0b

Man Group Limited is a publicly owned investment manager.

Enova International

Market Cap: US$3.8b

A technology and analytics company, provides online financial services in the United States, Brazil, and internationally.

Tikehau Capital

Market Cap: €2.8b

An alternative asset management group with 46.1 billion euro of assets under management (as of 30 June 2024).

Moscow Exchange MICEX-RTS

Market Cap: ₽192.3b

Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to financial market participants.

NCR Atleos

Market Cap: US$3.0b

A financial technology company, provides self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Fuyo General Lease

Market Cap: JP¥413.0b

Engages in the leasing and instalment sales business in Japan and internationally.

IIFL Finance

Market Cap: ₹222.4b

A non-banking financial company, provides financial services in India and internationally.

eToro Group

Market Cap: US$2.3b

Engages in the trading business.

WisdomTree

Market Cap: US$2.2b

Through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager.

Sezzle

Market Cap: US$2.1b

Operates as a technology-enabled payments company primarily in the United States and Canada.

Merchants Bancorp

Market Cap: US$2.1b

Operates as the diversified bank holding company in the United States.

Burford Capital

Market Cap: US$2.0b

Provides legal finance products and services worldwide.

ARMOUR Residential REIT

Market Cap: US$2.0b

Invests in residential mortgage-backed securities (MBS) in the United States.

LendingClub

Market Cap: US$1.9b

Operates as a bank holding company, that provides range of financial products and services in the United States.

Capri Global Capital

Market Cap: ₹172.4b

A non-banking financial company, provides financial services in India.

Bolsas y Mercados Argentinos

Market Cap: AR$2.5t

Operates as a stock exchange in Argentina.

Ellington Financial

Market Cap: US$1.6b

Through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States.

goeasy

Market Cap: CA$1.9b

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

Capital Southwest

Market Cap: US$1.4b

A business development company.

Stanbic IBTC Holdings

Market Cap: ₦1.9t

A financial holding company, provides banking and other financial services to individuals, businesses, institutions, and corporations in Nigeria and internationally.

Orchid Island Capital

Market Cap: US$1.4b

A specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States.

Hotai Finance

Market Cap: NT$37.6b

Provides sales and leasing services for vehicles and equipment in Taiwan and China.

Trinity Capital

Market Cap: US$1.2b

A business development company specializing in term loans, equipment financing, and private equity-related investments.