Global Diversified Financials Undervalued based on future growth

FirstRand

Market Cap: R494.6b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

CSC Financial

Market Cap: HK$176.2b

Provides investment banking services in Mainland China and internationally.

Global Payments

Market Cap: US$20.0b

Provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.

China International Capital

Market Cap: HK$151.8b

Provides financial services in Mainland China and internationally.

China Galaxy Securities

Market Cap: HK$137.9b

Provides various financial services in China, Hong Kong, and internationally.

Kaspi.kz

Market Cap: US$17.5b

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

M&G

Market Cap: UK£6.9b

Through its subsidiaries, provides investment and savings products to institutional clients and individual policyholders in the United Kingdom and internationally.

Virtu Financial

Market Cap: US$7.8b

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

China CITIC Financial Asset Management

Market Cap: HK$58.6b

Operates as a financial asset management company in Mainland China and Hong Kong.

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$5.6b

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

PennyMac Financial Services

Market Cap: US$4.9b

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

Victory Capital Holdings

Market Cap: US$4.7b

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

Lazard

Market Cap: US$4.5b

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

Grupo de Inversiones Suramericana

Market Cap: Col$16.0t

Through its subsidiaries, invests in the financial services sector in Colombia, Chile, Mexico, Brazil, Uruguay, Panama, Peru, Dominican Republic, El Salvador, Argentina, the United States, Luxembourg, and Bermuda.

Gentera. de

Market Cap: Mex$74.5b

Provides various financial products and services in Mexico and Peru.

Enova International

Market Cap: US$4.1b

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

StoneCo

Market Cap: US$3.8b

Provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

Marex Group

Market Cap: US$3.7b

A financial services platform company, provides liquidity, market access, and infrastructure services to clients in the commodity and financial markets in the United Kingdom, the United States, and internationally.

NCR Atleos

Market Cap: US$3.4b

A financial technology company, engages in the provision of 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.

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.

Euronet Worldwide

Market Cap: US$2.9b

Provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers internationally.

Dynex Capital

Market Cap: US$2.8b

A mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States.

Fuyo General Lease

Market Cap: JP¥384.3b

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

Merchants Bancorp

Market Cap: US$2.3b

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

IIFL Finance

Market Cap: ₹202.6b

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

LendingClub

Market Cap: US$2.1b

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

Capri Global Capital

Market Cap: ₹176.5b

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

Yixin Group

Market Cap: HK$14.3b

Operates as an online automobile finance transaction platform in China.

Stanbic IBTC Holdings

Market Cap: ₦2.5t

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

PicS

Market Cap: US$1.8b

Operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil.

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.

Capital Southwest

Market Cap: US$1.4b

A business development company.

Orchid Island Capital

Market Cap: US$1.4b

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

Trinity Capital

Market Cap: US$1.3b

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

SY Holdings Group

Market Cap: HK$10.2b

An investment holding company, provides supply chain technology and digital financing solutions for companies in the People’s Republic of China.