Global Undervalued over 20% based on DCF

Deutsche Post

Market Cap: €54.7b

Operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

SoftBank

Market Cap: JP¥10.1t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Assicurazioni Generali

Market Cap: €53.9b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Nordea Bank Abp

Market Cap: €53.6b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Imperial Oil

Market Cap: CA$86.5b

Engages in exploration, production, and sale of crude oil and natural gas in Canada.

Thales

Market Cap: €53.3b

Provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.

Cencora

Market Cap: US$62.4b

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

Recruit Holdings

Market Cap: JP¥9.9t

Provides HR technology and business solutions that transforms the world of work.

DSV

Market Cap: DKK 397.4b

Offers freight forwarding and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific.

Baker Hughes

Market Cap: US$62.3b

Provides a portfolio of technologies and services to energy and industrial value chain.

Luxshare Precision Industry

Market Cap: CN¥423.9b

Designs, manufactures, and sells cable assembly and connector system solutions worldwide.

KDDI

Market Cap: JP¥9.8t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Truist Financial

Market Cap: US$61.6b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Deutsche Bank

Market Cap: €52.1b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa.

Société Générale Société anonyme

Market Cap: €51.9b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

JAPAN POST BANK

Market Cap: JP¥9.7t

Provides financial products and services in Japan and internationally.

Apollo Global Management

Market Cap: US$60.3b

A private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.

BOC Hong Kong (Holdings)

Market Cap: HK$469.6b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Bayerische Motoren Werke

Market Cap: €50.9b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Realty Income

Market Cap: US$59.6b

An S&P 500 company, is real estate partner to the world's leading companies.

RELX

Market Cap: UK£44.0b

Provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally.

Wuliangye YibinLtd

Market Cap: CN¥396.2b

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

Occidental Petroleum

Market Cap: US$57.5b

Engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

Aflac

Market Cap: US$57.0b

Through its subsidiaries, provides supplemental health and life insurance products.

Fortinet

Market Cap: US$56.8b

Provides cybersecurity and convergence of networking and security solutions worldwide.

Orange

Market Cap: €47.7b

Operates as a telecommunications operator in France and internationally.

Cheniere Energy

Market Cap: US$55.8b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Target

Market Cap: US$55.2b

Operates as a general merchandise retailer in the United States.

Arthur J. Gallagher

Market Cap: US$54.9b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

National Bank of Canada

Market Cap: CA$75.5b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.0t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

ASE Technology Holding

Market Cap: NT$1.7t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

KBC Group

Market Cap: €45.5b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Targa Resources

Market Cap: US$52.2b

Owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

Danone

Market Cap: €44.3b

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.

Public Storage

Market Cap: US$51.9b

A member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.