Global Utilities Undervalued over 20% based on DCF

Essbio

Market Cap: CL$264.2b

Primarily engages in the provision of sanitation services in Chile.

Burgenland Holding

Market Cap: €246.0m

Through its investment in Burgenland Energie AG, engaged in the generation, distribution, and sale of electricity and natural gas.

Thu Dau Mot Water

Market Cap: ₫6.8t

Engages in producing and supplying treated water in Vietnam.

Sichuan Energy Investment Development

Market Cap: HK$2.0b

A vertically integrated power supplier and service provider primarily in Mainland China.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/842.9m

Engages in distributing electricity in Peru.

PetroVietnam Power Nhon Trach 2

Market Cap: ₫6.3t

Engages in the production, transmission, and distribution of electricity in Vietnam.

Distribuidora de Gas del Centro

Market Cap: AR$296.8b

Engages in the natural gas distribution business in Argentina.

Gia Lai Electricity

Market Cap: ₫5.0t

Produces, transmits, and distributes electricity in Vietnam.

Central Hydropower

Market Cap: ₫4.4t

Produces, transmits, and distributes electricity in Vietnam.

Toplofikatsia-Ruse AD

Market Cap: €130.4m

Produces and sells electricity and thermal energy in Bulgaria.

Southern Hydropower

Market Cap: ₫3.3t

Engages in the construction, production, installation, operation, transmission, and distribution of hydropower plants in Vietnam.

Hsin Kao GasLtd

Market Cap: NT$4.0b

Engages in the installation of natural gas for supplying domestic and commercial fuels and related pipelines in Taiwan.

Thac Mo Hydro Power

Market Cap: ₫3.3t

Produces and sells hydropower electricity in Vietnam.

GreenEnergy

Market Cap: JP¥17.6b

Engages in the sale, construction, and maintenance of solar power generation facilities and compact houses equipped with solar power generation.

Super Energy Corporation

Market Cap: ฿3.6b

Engages in the generation and sale of electricity in Thailand and Vietnam.

Foxwell Power

Market Cap: NT$3.0b

Engages in renewable energy power sales, energy conservation, energy storage system auxiliary services, and engineering services in Taiwan.

Incheon City Gas

Market Cap: ₩107.8b

Supplies city gas in South Korea.

Musandam Power Company SAOG

Market Cap: ر.ع23.9m

Engages in the design, construction, ownership, financing, operation, and maintenance of a dual fuel power plant in the Sultanate of Oman.

Iniziative Bresciane

Market Cap: €51.6m

Engages in the design, construction, and management of medium and small-sized hydroelectric plants in Italy.

Zimmite Taiwan

Market Cap: NT$1.9b

Engages in the industrial water treatment activities in Taiwan and China.

Earth InfinityLtd

Market Cap: JP¥8.6b

Engages in the electricity and gas retail businesses in Japan.

Ryazanenergosbyt

Market Cap: ₽3.2b

Joint-Stock Company Ryazanenergosbyt engages in the purchase and sale of electricity in the wholesale and retail markets in the Ryazan Region, Russia.

Natural Gas Distribution

Market Cap: ر.س120.0m

Distributes natural gas through pipelines in Saudi Arabia.

Nuoc Trong Hydro - Power

Market Cap: ₫583.3b

Engages in the commercial electricity production business in Vietnam.

Eden Berhad

Market Cap: RM 83.4m

An investment holding company, operates as an independent power producer primarily in Malaysia.

Hydro Power - Power No. 3

Market Cap: ₫417.1b

Hydro Power Joint Stock Company - Power No.

Green Tech Ventures

Market Cap: ฿262.6m

Engages in electricity generation and property development activities in Thailand, Vietnam, and the Lao People's Democratic Republic.

Saigon Machinery Spare Parts

Market Cap: ₫154.7b

Engages in generation, distribution, and trading of electricity in Vietnam.

Wise Energy

Market Cap: zł20.2m

Engages in the sale of electricity in Poland.

Megapower Makmur

Market Cap: Rp74.3b

Operates as an independent power producer company in Indonesia.