Global Undervalued over 20% based on DCF

Sumitomo Electric Industries

Market Cap: JP¥8.3t

Manufactures and sells various materials in Japan and internationally.

Alimentation Couche-Tard

Market Cap: CA$71.5b

Operates and licenses convenience stores in North America, Europe, and Asia.

Standard Chartered

Market Cap: UK£38.3b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Holcim

Market Cap: CHF 40.1b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Zoetis

Market Cap: US$49.6b

Engages in the discovery, development, manufacture, and commercialization of medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health solutions for the animal health industry in the United States and internationally.

Siemens Healthineers

Market Cap: €42.1b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Samsung BiologicsLtd

Market Cap: ₩72.7t

Together with its subsidiaries engages in the manufacturing, commercializing, distributing, and selling of biopharmaceuticals products in South Korea, Europe, the United States, and internationally.

United Overseas Bank

Market Cap: S$61.8b

Provides banking products and services worldwide.

MetLife

Market Cap: US$48.2b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Erste Group Bank

Market Cap: €40.3b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

CSL

Market Cap: AU$66.8b

Engages in the research, development, manufacture, market, and distribution of biopharmaceutical products and vaccines in Australia, the United States, Germany, the United Kingdom, Switzerland, China, Hong Kong, and internationally.

DNB Bank

Market Cap: NOK 448.3b

Provides financial services to individuals and businesses in Norway and internationally.

WuXi AppTec

Market Cap: CN¥320.7b

An investment holding company, provides research and manufacturing services to discover, develop, and manufacture spectrum for small molecule drugs in the People’s Republic of China, the United States, Europe, and internationally.

Autodesk

Market Cap: US$46.1b

Engages in the provision of 3D design, engineering, and entertainment technology solutions worldwide.

Reckitt Benckiser Group

Market Cap: UK£33.2b

Manufactures and sells health, hygiene, and nutrition products in the United Kingdom and internationally.

Fifth Third Bancorp

Market Cap: US$44.7b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Becton Dickinson

Market Cap: US$43.9b

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.

Haleon

Market Cap: UK£32.5b

Engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.

Coca-Cola Europacific Partners

Market Cap: €37.1b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

Compagnie de Saint-Gobain

Market Cap: €37.1b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Diageo

Market Cap: UK£32.0b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

eBay

Market Cap: US$42.7b

Operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.

Alnylam Pharmaceuticals

Market Cap: US$42.7b

Alnylam Pharmaceuticals, Inc. discovers, develops, manufactures, and commercializes therapeutics based on ribonucleic acid interference in the United States, Europe, and internationally.

Nucor

Market Cap: US$42.4b

Engages in the manufacture and sale of steel and steel products.

Koninklijke Ahold Delhaize

Market Cap: €36.1b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Mining and Metallurgical Company Norilsk Nickel

Market Cap: ₽2.6t

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Europe, Asia, North and South America, Russia, and the CIS countries.

Panasonic Holdings

Market Cap: JP¥6.7t

Research, develops, manufactures, sells, and services various electrical and electronic products in Japan, the United States, Europe, Asia, China, and internationally.

Snowflake

Market Cap: US$41.8b

Provides a cloud-based data platform for various organizations in the United States and internationally.

Universal Music Group

Market Cap: €35.6b

Operates as a music company worldwide.

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Danske Bank

Market Cap: DKK 265.7b

Provides various banking products and services to corporate, institutional, and international clients.

Kroger

Market Cap: US$41.6b

Operates as a food and drug retailer in the United States.

Tesco

Market Cap: UK£30.9b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Waste Connections

Market Cap: US$41.2b

Provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada.

Hershey

Market Cap: US$41.0b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Wanhua Chemical Group

Market Cap: CN¥278.8b

Provides polyurethane, petrochemical, and performance chemicals and materials worldwide.