Global Automobiles Undervalued over 20% based on DCF

BYD

Market Cap: HK$1.0t

Engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

Mercedes-Benz Group

Market Cap: €48.0b

Operates as an automotive company in Germany and internationally.

General Motors

Market Cap: US$50.1b

Designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

DENSO

Market Cap: JP¥5.6t

Engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally.

Li Auto

Market Cap: US$25.9b

Operates in the energy vehicle market in the People’s Republic of China.

Great Wall Motor

Market Cap: HK$186.2b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

Sumitomo Electric Industries

Market Cap: JP¥3.1t

Manufactures and sells electric wires and cables worldwide.

Fuyao Glass Industry Group

Market Cap: CN¥142.7b

Engages in the provision of safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.

Magna International

Market Cap: CA$16.2b

Manufactures and supplies vehicle engineering, contract, and automotive space.

Mobileye Global

Market Cap: US$11.3b

Develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide.

Zhejiang Leapmotor Technology

Market Cap: HK$83.8b

Engages in the research and development, production, and sale of new energy vehicles in Mainland China and internationally.

NIO

Market Cap: US$10.1b

Designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally.

Renault

Market Cap: €8.4b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

BorgWarner

Market Cap: US$8.2b

Provides solutions for combustion, hybrid, and electric vehicles worldwide.

Modine Manufacturing

Market Cap: US$7.4b

Designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally.

Niterra

Market Cap: JP¥989.0b

Manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally.

Gentex

Market Cap: US$6.0b

Designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, China, Germany, Japan, Mexico, the Republic of Korea, and internationally.

Yokohama Rubber Company

Market Cap: JP¥714.3b

Engages in the manufacture and sale of tires in Japan and internationally.

Cheng Shin Rubber Ind

Market Cap: NT$131.0b

Together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products.

Shenzhen Kedali Industry

Market Cap: CN¥31.3b

Researches, develops, manufactures, and sells lithium battery precision and automotive structural parts in China and internationally.

Zhejiang Shuanghuan DrivelineLtd

Market Cap: CN¥30.4b

Researches and develops, manufactures, and sells gears, transmission, and drive components under the FOISH brand in China and internationally.

Mazda Motor

Market Cap: JP¥583.9b

Engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, the United States, North America, Europe, and internationally.

CIE Automotive

Market Cap: €3.1b

Designs, manufactures, and sells automotive components and sub-assemblies.

Wanxiang QianchaoLtd

Market Cap: CN¥25.8b

Engages in research and development, manufacture, and sale of auto parts in China and internationally.

Mitsubishi Motors

Market Cap: JP¥527.8b

Engages in the development, production, and sale of passenger vehicles, and its parts and components in Japan, Europe, North America, Oceania, the rest of Asia, and internationally.

Visteon

Market Cap: US$3.1b

An automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers.

Stanley Electric

Market Cap: JP¥433.9b

Stanley Electric Co., Ltd., together with its subsidiaries, manufacture, sells, and import/export of automotive and other light bulbs in Japan and internationally.

Hesai Group

Market Cap: US$2.8b

Through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.

NOK

Market Cap: JP¥382.0b

Manufactures, imports, and sells seal products, industrial mechanical parts, hydraulic and pneumatic equipment, nuclear power equipment, synthetic chemical products, and electronic and various other products in Japan and internationally.

Nifco

Market Cap: JP¥367.9b

Manufactures and sells industrial plastic parts and components in Japan, rest of Asia, North America, Mexico, and Europe.

Adient

Market Cap: US$1.9b

Engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks.

Ningbo Xusheng Group

Market Cap: CN¥13.3b

Ningbo Xusheng Group Co.,ltd. engages in the research and development, production, and sale of aluminum alloy die-casting, forging, and extrusion precision auto parts and industrial parts.

Hankook

Market Cap: ₩2.2t

Manufactures and sells smart energy solutions.

Zotye Automobile

Market Cap: CN¥11.5b

Engages in the research, development, manufacture, and sale of automobiles in China, the United States, Algeria, Chile, Russia, and internationally.

FAWER Automotive Parts Limited

Market Cap: CN¥10.4b

Engages in the research and development, manufacture, and sale of auto parts in China and internationally.

Zhejiang Asia-Pacific Mechanical & ElectronicLtd

Market Cap: CN¥8.5b

Engages in the development, production, and sale of automotive parts in China and internationally.