Global Food, Beverage & Tobacco Undervalued over 20% based on DCF

Coca-Cola

Market Cap: US$302.7b

A beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

British American Tobacco

Market Cap: UK£92.4b

Provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.

Altria Group

Market Cap: US$107.8b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Wuliangye YibinLtd

Market Cap: CN¥481.1b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Diageo

Market Cap: UK£44.9b

Engages in the production, marketing, and sale of alcoholic beverages.

Japan Tobacco

Market Cap: JP¥8.5t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Danone

Market Cap: €46.3b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Keurig Dr Pepper

Market Cap: US$46.8b

Owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally.

Coca-Cola Europacific Partners

Market Cap: €36.9b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Imperial Brands

Market Cap: UK£24.1b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥227.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Luzhou LaojiaoLtd

Market Cap: CN¥185.6b

Produces and sells alcoholic products in China and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥173.8b

Inner Mongolia Yili Industrial Group Co., Ltd.

Eastroc Beverage(Group)

Market Cap: CN¥152.2b

Engages in the research and development, production, and sales of beverages in China.

Coca-Cola HBC

Market Cap: UK£13.8b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Hormel Foods

Market Cap: US$15.7b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Brown-Forman

Market Cap: US$14.5b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Wilmar International

Market Cap: S$18.5b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$111.1b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Grupo Bimbo. de

Market Cap: Mex$234.4b

Produces, distributes, and sells various bakery products.

Almarai

Market Cap: ر.س46.4b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Pilgrim's Pride

Market Cap: US$11.9b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

J. M. Smucker

Market Cap: US$11.8b

Manufactures and markets branded food and beverage products worldwide.

China Resources Beer (Holdings)

Market Cap: HK$85.8b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Tsingtao Brewery

Market Cap: HK$85.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Orkla

Market Cap: NOK 110.0b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

KT&G

Market Cap: ₩14.6t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Smithfield Foods

Market Cap: US$10.0b

Produces packaged meats and fresh pork in the United States and internationally.

Anhui Gujing Distillery

Market Cap: CN¥71.9b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Samyang Foods

Market Cap: ₩11.2t

Engages in the food business in South Korea and internationally.

Indofood CBP Sukses Makmur

Market Cap: Rp111.4t

Produces and sells consumers products in Indonesia, Rest of Asia, the Middle East, Africa, and internationally.

Barry Callebaut

Market Cap: CHF 5.5b

Engages in the manufacture and sale of chocolate and cocoa products.

Toyo Suisan Kaisha

Market Cap: JP¥992.3b

Produces and sells food products in Japan and internationally.

BRF

Market Cap: R$31.1b

BRF S.A. raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products.

San Miguel Food and Beverage

Market Cap: ₱321.2b

Manufactures and markets processed meat products.