Global Diversified Financials Undervalued over 20% based on DCF

Berkshire Hathaway

Market Cap: US$1.1t

Engages in the insurance, freight rail transportation, and utility businesses.

Charles Schwab

Market Cap: US$175.8b

Operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally.

Capital One Financial

Market Cap: US$126.5b

Operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom.

CITIC Securities

Market Cap: CN¥405.1b

Provides various financial products and services in China and internationally.

ORIX

Market Cap: JP¥7.1t

Provides financial services in Japan, the United States, and internationally.

EQT

Market Cap: SEK 338.2b

A global private equity & venture capital firm specializing in private capital and real asset segments.

Raymond James Financial

Market Cap: US$32.6b

A diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe.

Adyen

Market Cap: €27.5b

Operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America.

Nomura Holdings

Market Cap: JP¥4.7t

Engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide.

LPL Financial Holdings

Market Cap: US$25.7b

Provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States.

T. Rowe Price Group

Market Cap: US$24.9b

A publicly owned investment manager.

GF Securities

Market Cap: CN¥159.5b

Provides capital market services in China.

Corpay

Market Cap: US$23.3b

Operates as a payments company that helps businesses and consumers to manage and pay their expenses. It operates through Corporate Payments, Vehicle Payments, Lodging Payments, and Other segments.

Partners Group Holding

Market Cap: CHF 18.6b

A private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt.

China International Capital

Market Cap: HK$165.4b

Provides financial services in Mainland China and internationally.

Julius Bär Gruppe

Market Cap: CHF 15.4b

Provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally.

CVC Capital Partners

Market Cap: €15.3b

A private equity and venture capital firm specializing in middle market secondaries, infrastructure and credit, management buyouts, leveraged buyouts, growth equity, mature, recapitalizations, strip sales, and spinouts.

China Galaxy Securities

Market Cap: HK$135.9b

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

HAL Trust

Market Cap: €14.8b

Operates through multi-sectors in Asia, the Middle East, the Netherlands, the United States, Canada, and internationally.

Kaspi.kz

Market Cap: US$16.9b

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

Annaly Capital Management

Market Cap: US$16.9b

A diversified capital manager, engages in the residential mortgage finance business.

DWS Group GmbH KGaA

Market Cap: €13.8b

Offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Corebridge Financial

Market Cap: US$14.0b

Provides retirement solutions and insurance products in the United States.

Futu Holdings

Market Cap: US$13.8b

Engages in the provision of digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.

Power Finance

Market Cap: ₹1.3t

A non-banking finance company, provides financial products and related advisory services to the power, logistics, and infrastructure sectors in India.

Wise Group

Market Cap: UK£9.8b

Provides cross-border and domestic financial services in the United Kingdom, the rest of Europe, the Asia-Pacific, North America, and internationally.

AGNC Investment

Market Cap: US$12.8b

Provides private capital to housing market in the United States.

Mirae Asset Securities

Market Cap: ₩18.8t

Engages in the provision of various financial services in South Korea and internationally.

Invesco

Market Cap: US$12.7b

A publicly owned investment manager.

SEI Investments

Market Cap: US$11.4b

A publicly owned asset management holding company.

M&G

Market Cap: UK£8.4b

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

Jack Henry & Associates

Market Cap: US$10.3b

Operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services.

Houlihan Lokey

Market Cap: US$9.5b

An investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide.

Virtu Financial

Market Cap: US$9.2b

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

FactSet Research Systems

Market Cap: US$9.0b

Operates as a financial digital platform and enterprise solutions provider for the investment community.

Voya Financial

Market Cap: US$8.9b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.