Global Diversified Financials Undervalued based on future growth

Ellington Financial

Market Cap: US$1.5b

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$1.2b

A business development company.

Orchid Island Capital

Market Cap: US$1.2b

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

Donnelley Financial Solutions

Market Cap: US$1.2b

Provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally.

Hotai Finance

Market Cap: NT$38.3b

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

PennyMac Mortgage Investment Trust

Market Cap: US$1.1b

Through its subsidiary, primarily invests in residential mortgage-related assets in the United States.

Trinity Capital

Market Cap: US$1.1b

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

Hoist Finance

Market Cap: SEK 9.7b

A credit market company, engages in the loan acquisition and management operations in Europe.

Atlanticus Holdings

Market Cap: US$1.0b

A financial technology company, provides products and services to lenders in the United States.

Stanbic IBTC Holdings

Market Cap: ₦1.5t

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

MFA Financial

Market Cap: US$994.4m

Operates as a real estate investment trust in the United States.

Financial Partners GroupLtd

Market Cap: JP¥142.2b

Provides various financial products and services in Japan.

Franklin BSP Realty Trust

Market Cap: US$865.0m

A real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt investments secured by properties located in the United States and internationally.

Türkiye Sinai Kalkinma Bankasi

Market Cap: ₺36.3b

Operates as a development and investment bank in Turkey.

Liberty Financial Group

Market Cap: AU$1.3b

Engages in providing loan finance services in Australia.

Investcorp Capital

Market Cap: د.إ3.0b

Operates as an alternative investment company.

Japan Investment Adviser

Market Cap: JP¥127.9b

Provides various financial solutions in Japan.

Grenke

Market Cap: €671.5m

Provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally.

EFG Holding CompanyE

Market Cap: ج.م36.0b

A financial services company, provides investment banking products and services in Egypt, rest of GCC countries, and internationally.

Propel Holdings

Market Cap: CA$1.0b

Operates as a financial technology company.

TPG RE Finance Trust

Market Cap: US$716.9m

A commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States.

AEON Credit Service (M) Berhad

Market Cap: RM 2.9b

Provides consumer financial services in Malaysia.

MCAN Mortgage

Market Cap: CA$899.5m

Operates as a loan and mortgage investment corporation in Canada.

Pepper Money

Market Cap: AU$982.4m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Foresight Group Holdings

Market Cap: UK£480.1m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Bairong

Market Cap: HK$4.9b

An investment holding company, operates as an artificial intelligence (AI) technology services company in China.

Invesco Mortgage Capital

Market Cap: US$626.4m

Operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States.

Fedbank Financial Services

Market Cap: ₹55.3b

A non-banking finance company (NBFC), provides financing services to individuals and businesses in India.

Corporación Actinver S. A. B. de C. V

Market Cap: Mex$11.0b

Through its subsidiaries, provides financial and investment banking services for individuals and businesses in Mexico and internationally.

IDI

Market Cap: €489.4m

A private equity firm specializing in leveraged buyouts, expansion capital, middle market, growth capital, acquisition of significant holdings in listed small and medium companies and secondary private equity portfolios, mezzanine financing, loans senior to senior debt, mergers and acquisitions, LBO, development capital, discounted leveraged buyouts loans in mature companies and through co-investments in pre-IPO financing.

LexinFintech Holdings

Market Cap: US$555.3m

Offers online direct sales and online consumer finance services in the People’s Republic of China.

Enity Holding

Market Cap: SEK 5.0b

Engages in providing mortgage services to individuals and communities in Sweden, Norway, and Finland.

Funding Circle Holdings

Market Cap: UK£391.0m

Provides online lending platforms in the United Kingdom and internationally.

Premium Group

Market Cap: JP¥73.6b

Engages in the provision of financing and services worldwide.

Priority Technology Holdings

Market Cap: US$459.3m

Operates as a payment technology company in the United States.

U Consumer FinanceE

Market Cap: ج.م20.2b

A financial technology company, provides various financial solutions for customers and businesses.