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

Shenguan Holdings (Group)

Market Cap: HK$1.0b

An investment holding company, engages in the manufacture and sale of edible collagen sausage casing products in Mainland China, Asia, and internationally.

Eagle Cold Storage Enterprise

Market Cap: NT$3.4b

Engages in the processing and trading of vegetables and frozen meat products in Taiwan.

Able Global Berhad

Market Cap: RM 473.6m

An investment holding company, manufactures and sells tin cans and dairy products in Africa, Asia, Central America, North America, South America, Mexico, Malaysia, and internationally.

Apetit Oyj

Market Cap: €90.2m

Manufactures and sells plant-based food products in Finland, Norway, Sweden, and internationally.

C.I. Holdings Berhad

Market Cap: RM 440.6m

An investment holding company, engages in manufacturing, selling, and packing various types of edible oils in Malaysia, Africa, Asia, and internationally.

Misitano & Stracuzzi

Market Cap: €88.6m

Engages in the production and marketing of citrus essential oils, citrus juices, and aromatic solutions in Italy, European Countries, and internationally.

Wismilak Inti Makmur

Market Cap: Rp1.7t

Manufactures and sells cigarettes in Indonesia and internationally.

Carr's Group

Market Cap: UK£72.4m

Engages in the agriculture business in the United Kingdom and internationally.

AB Pieno Zvaigzdes

Market Cap: €75.8m

Produces and sells dairy products to retail stores directly and through distributors.

Dwarikesh Sugar Industries

Market Cap: ₹7.5b

Engages in the manufacture and sale of sugar and ethanol in India and internationally.

SDS Group Berhad

Market Cap: RM 354.0m

An investment holding company, engages in the manufacture, distribution, and retail of bakery products in Malaysia, Singapore, and Indonesia.

Magadh Sugar & Energy

Market Cap: ₹7.3b

Manufactures and sells of sugar and its by-products in India and Internationally.

Negri Sembilan Oil Palms Berhad

Market Cap: RM 348.2m

An investment holding company, engages in the oil palms cultivation activities in Malaysia.

Kawan Food Berhad

Market Cap: RM 346.7m

An investment holding company, manufactures, trades in, distributes, and sells frozen food products.

Tat Gida Sanayi

Market Cap: ₺3.3b

Engages in the production and sale of tomato and canned products in Turkey and internationally.

DaireiLtd

Market Cap: JP¥11.8b

Plans, develops, and sells frozen food products for professional use in Japan.

Miko

Market Cap: €62.6m

Engages in the coffee roasting business under the Miko brand name in Belgium, France, the Netherlands, the United Kingdom, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, and Australia.

Allgäuer Brauhaus

Market Cap: €61.8m

Engages in the production, bottling, and sale of beers, beer specialties, and non-alcoholic beverages in Germany.

Sato Foods Industries

Market Cap: JP¥9.7b

Engages in manufacture and sale of tea extracts, plant extracts, naturally derived flavorings, and powdered alcohol in Japan and internationally.

JUNGDAWN

Market Cap: ₩87.1b

Engages in poultry farming, delivery, processing, and sales of duck meat and duck down.

Semba Tohka Industries

Market Cap: JP¥8.8b

Develops, manufactures, and sells food ingredients primarily in Japan.

Tropical Canning (Thailand)

Market Cap: ฿1.9b

Engages in manufacturing and trading of canned and pouched seafood products in Thailand, Australia, rest of Asia, the United States, Africa, and Europe.

Bich Chi Food

Market Cap: ₫1.4t

Produces and sells food products in Vietnam.

Trang

Market Cap: ₫1.2t

Engages in processing and producing frozen seafood products in Vietnam.

Barkat Frisian Agro

Market Cap: PK₨12.5b

Produces and sells pasteurized egg products in Pakistan and internationally.

Gurktaler

Market Cap: €34.1m

Produces and distributes herbal spirits in Austria.

Fesh Fash Snack Food Production

Market Cap: ر.س124.3m

Produces and sells snack food products in the Saudi Arabia .

Feria de Osorno

Market Cap: CL$31.2b

Through its subsidiaries, engages in the production, distribution, import, export, and sale of food products to farmers in Chile.

Comfort Intech

Market Cap: ₹2.7b

Engages in the trade of goods of electric appliances in India.

Sheetal Cool Products

Market Cap: ₹2.7b

Engages in the manufacture and sale of ice cream, milk and milk products, namkeen, bakery, sweet, and frozen food products in India.

Blue Island

Market Cap: €24.4m

Engages in fish farming and trading business in Cyprus.

Sa Giang Import Export

Market Cap: ₫722.6b

Processes food products in Vietnam and internationally.

United Nilgiri Tea Estates

Market Cap: ₹2.4b

Engages in growing, manufacturing, and selling teas in India.

Bahrain Flour Mills Company B.S.C

Market Cap: ب.د9.1m

Engages in the production and sale of flour and related products in the Kingdom of Bahrain and the Kingdom of Saudi Arabia.

Safoco Foodstuff

Market Cap: ₫609.6b

Produces and sells food products in Vietnam and internationally.

Widodo Makmur Perkasa

Market Cap: Rp353.0b

An investment holding company, operates in the consumer goods and agricultural commodities sector in Indonesia.