Global Undervalued over 20% based on DCF

Foxconn Industrial Internet

Market Cap: CN¥1.1t

Provides smart manufacturing and industrial internet services in Mexico, Vietnam, Singapore, Mainland China, and internationally.

Salesforce

Market Cap: US$157.7b

Provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific.

Airbus

Market Cap: €133.4b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

Union Pacific

Market Cap: US$149.1b

Through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States.

PDD Holdings

Market Cap: US$142.8b

A multinational commerce group that owns and operates a portfolio of businesses.

China Shenhua Energy

Market Cap: HK$1.1t

Engages in the production and sale of coal and electricity in the People’s Republic of China and internationally.

Booking Holdings

Market Cap: US$139.8b

Provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally.

Sumitomo Mitsui Financial Group

Market Cap: JP¥21.2t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

Banco Bilbao Vizcaya Argentaria

Market Cap: €110.5b

Provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.

Chubb

Market Cap: US$129.3b

Provides insurance and reinsurance products worldwide.

DBS Group Holdings

Market Cap: S$162.9b

Provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

British American Tobacco

Market Cap: UK£94.2b

Provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa.

Unilever

Market Cap: UK£94.2b

Operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe.

Capital One Financial

Market Cap: US$120.5b

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.

UniCredit

Market Cap: €102.7b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

AIA Group

Market Cap: HK$930.4b

Provides life insurance based financial services in Hong Kong.

Dell Technologies

Market Cap: US$117.2b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Western Digital

Market Cap: US$114.6b

Develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa.

Accenture

Market Cap: US$114.2b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Vertex Pharmaceuticals

Market Cap: US$113.6b

Operates as a biotechnology company in the United States, Europe, and internationally.

HCA Healthcare

Market Cap: US$113.4b

Through its subsidiaries, provides health care services in the United States.

Altria Group

Market Cap: US$112.7b

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

McKesson

Market Cap: US$107.0b

Provides healthcare services in the United States and internationally.

Mizuho Financial Group

Market Cap: JP¥16.5t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Xiaomi

Market Cap: HK$799.2b

An investment holding company, engages in the development and sales of smartphones in Mainland China and internationally.

Equinix

Market Cap: US$101.7b

Equinix, Inc. shortens the path to boundless connectivity anywhere in the world.

Constellation Energy

Market Cap: US$101.5b

Produces and sells energy products and services in the United States.

Bank of Montreal

Market Cap: CA$138.9b

Engages in the provision of diversified financial services primarily in North America.

Spotify Technology

Market Cap: US$100.2b

Provides audio streaming subscription services worldwide.

China Petroleum & Chemical

Market Cap: HK$757.2b

An energy and chemical company, engages in the oil and gas and chemical operations in Mainland China.

Canadian Natural Resources

Market Cap: CA$131.8b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

China Yangtze Power

Market Cap: CN¥646.0b

Engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan.

Canadian Imperial Bank of Commerce

Market Cap: CA$130.3b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Boston Scientific

Market Cap: US$91.1b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

MercadoLibre

Market Cap: US$90.9b

Operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

PNC Financial Services Group

Market Cap: US$90.0b

Operates as a diversified financial services company in the United States.