Global Healthcare Undervalued over 20% based on DCF

Abbott Laboratories

Market Cap: US$155.5b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

EssilorLuxottica Société anonyme

Market Cap: €77.9b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

Cencora

Market Cap: US$57.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Becton Dickinson

Market Cap: US$42.7b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Alcon

Market Cap: CHF 27.8b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Veeva Systems

Market Cap: US$31.5b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

GE HealthCare Technologies

Market Cap: US$28.7b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

ResMed

Market Cap: US$28.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

DexCom

Market Cap: US$28.1b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥181.8b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Quest Diagnostics

Market Cap: US$22.3b

Provides diagnostic testing and services in the United States.

Labcorp Holdings

Market Cap: US$22.3b

Provides laboratory services.

Guardant Health

Market Cap: US$21.6b

A precision oncology company, provides blood and tissue tests, and data sets in the United States and internationally.

Terumo

Market Cap: JP¥3.3t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Straumann Holding

Market Cap: CHF 16.0b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

IHH Healthcare Berhad

Market Cap: RM 75.4b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Rede D'Or São Luiz

Market Cap: R$78.9b

Engages in the provision of hospital services in Brazil.

Sonova Holding

Market Cap: CHF 12.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Cooper Companies

Market Cap: US$13.8b

Develops, manufactures, and markets contact lens wearers.

Shanghai United Imaging Healthcare

Market Cap: CN¥91.6b

Shanghai United Imaging Healthcare Co., Ltd.

Align Technology

Market Cap: US$13.0b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥83.5b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Baxter International

Market Cap: US$11.4b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Encompass Health

Market Cap: US$10.9b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Henry Schein

Market Cap: US$9.9b

Provides health care products and services to office-based dental and medical practitioners worldwide.

bioMérieux

Market Cap: €8.6b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Demant

Market Cap: DKK 60.0b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

HealthEquity

Market Cap: US$7.9b

Provides technology-enabled services platforms to consumers and employers in the United States.

PACS Group

Market Cap: US$7.1b

Through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States.

Ramsay Health Care

Market Cap: AU$9.8b

Owns and operates hospitals in Australia and internationally.

Pure Health Holding PJSC

Market Cap: د.إ25.0b

Operates healthcare platform to provides health care services in the United Arab Emirates, the United States, the United Kingdom, Greece, and Cyprus.

Lantheus Holdings

Market Cap: US$6.8b

Develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in diagnosis and treatment of heart, cancer, and other diseases worldwide.

Chemed

Market Cap: US$6.5b

Provides hospice and palliative care services to patients through a network of physicians, doctors, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States.

BillionToOne

Market Cap: US$6.0b

A precision diagnostics company, quantifies biology to create molecular diagnostics.

Getinge

Market Cap: SEK 57.5b

Provides products and solutions for operating rooms, intensive-care units, and sterilization departments in Sweden and internationally.

Teleflex

Market Cap: US$5.8b

Designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.