Global Undervalued based on future growth

Eldorado Gold

Market Cap: CA$8.0b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

F.N.B

Market Cap: US$5.8b

A bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States.

Iveco Group

Market Cap: €4.9b

Engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses and specialty vehicles, combustion engines, alternative propulsion systems, transmissions, axles, engines, alternative propulsion systems, construction equipment, marine, and power generation applications in Europe, South America, North America, and internationally.

Beijing New Building Materials

Market Cap: CN¥41.0b

Manufactures and sells building materials in China and internationally.

Chord Energy

Market Cap: US$5.7b

Operates as an independent exploration and production company in the United States.

Saipem

Market Cap: €4.8b

Provides energy and infrastructure solutions worldwide.

Castellum

Market Cap: SEK 52.1b

Castellum is one of the Nordic region's largest commercial real estate companies, focusing on office and logistics properties in Nordic growth cities.

Lear

Market Cap: US$5.5b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Ayala

Market Cap: ₱312.0b

Engages in the real estate and hotel businesses in the Philippines, Europe, Asia, and the United States.

Grupo Financiero Galicia

Market Cap: AR$7.4t

A financial service holding company, provides various financial products and services to individuals and companies in Argentina.

Pepkor Holdings

Market Cap: R92.9b

Operates as a retailer focusing on discount, value, and specialized goods in Angola, Botswana, Brazil, Eswatini, Lesotho, Mozambique, Malawi, Namibia, South Africa, and Zambia.

Yadea Group Holdings

Market Cap: HK$41.8b

An investment holding company, engages in the development, manufacture, and sale of electric two-wheeled vehicles and related accessories under the Yadea brand in the People’s Republic of China.

Eregli Demir ve Çelik Fabrikalari T.A.S

Market Cap: ₺221.6b

Produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed steel, coke, and by-products in Turkey and internationally.

Metropolitan Bank & Trust

Market Cap: ₱305.8b

Provides various commercial and investment banking products and services in the Philippines, rest of Asia, the United States of America, and Europe.

Lazard

Market Cap: US$5.3b

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

China Power International Development

Market Cap: HK$41.3b

An investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally.

Housing and Urban Development

Market Cap: ₹470.9b

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

Arab Bank Group

Market Cap: د.أ3.7b

Provides various banking products and services for individuals, corporations, and other financial institutions in Jordan.

Turkcell Iletisim Hizmetleri

Market Cap: ₺215.8b

Provides converged telecommunication and technology services in Turkey, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands.

Frontline

Market Cap: US$5.1b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

Atlantic Union Bankshares

Market Cap: US$5.1b

Operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States.

Bank of Changsha

Market Cap: CN¥36.6b

Provides various commercial banking products and services to personal and business customers in China.

WT Microelectronics

Market Cap: NT$154.2b

Develops and sells electronic and communication components in Taiwan, China, and internationally.

Bank Millennium

Market Cap: zł18.1b

Provides various banking products and services in Poland.

Qilu Bank

Market Cap: CN¥35.5b

QILU BANK CO., LTD. provides personal and corporate banking services in the People’s Republic of China.

Arkema

Market Cap: €4.2b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Bank of Maharashtra

Market Cap: ₹439.9b

Provides various banking products and services in India.

Ingram Micro Holding

Market Cap: US$5.0b

Through its subsidiaries, distributes information technology products, cloud, and other services in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally.

Asia Commercial Bank

Market Cap: ₫130.2t

Provides various banking products and services to personal and business customers in Vietnam.

Türkiye Halk Bankasi

Market Cap: ₺204.2b

Offers various banking products and services.

TUI

Market Cap: €4.1b

Provides tourism services worldwide.

OceanaGold

Market Cap: CA$6.7b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

Brink's

Market Cap: US$4.8b

Provides cash and valuables management, digital retail solutions, and automated teller machines (ATM) managed services in North America, Latin America, Europe, and internationally.

Granite Construction

Market Cap: US$4.8b

Operates as an infrastructure contractor in the United States.

Xinyi Glass Holdings

Market Cap: HK$37.6b

An investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications.

StoneX Group

Market Cap: US$4.8b

Operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem in the United States, Europe, South America, the Middle East, Asia, and internationally.