Global Undervalued over 20% based on DCF

Partners Group Holding

Market Cap: CHF 23.6b

A private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt.

Imperial Brands

Market Cap: UK£22.0b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Unimicron Technology

Market Cap: NT$944.7b

Engages in the manufacturing, processing, and sale of printed circuit boards, electrical equipment, electronic products, and integrated circuit product testing and burn-in systems in Taiwan, China, Asia, the Americas, and internationally.

Emaar Properties PJSC

Market Cap: د.إ109.4b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Adani Enterprises

Market Cap: ₹2.8t

Operates in the new energy ecosystem, data center, airports, roads, copper, digital space, ropeway system, and other sectors in India and internationally.

Tenaris

Market Cap: €25.1b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

BT Group

Market Cap: UK£21.8b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Sampo Oyj

Market Cap: €25.0b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

IQVIA Holdings

Market Cap: US$29.4b

Provides clinical research services, commercial insights, and healthcare intelligence to the life sciences and healthcare industries in the Americas, Europe, Africa, and the Asia-Pacific.

Astellas Pharma

Market Cap: JP¥4.7t

Manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally.

Svenska Handelsbanken

Market Cap: SEK 266.7b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Seven & i Holdings

Market Cap: JP¥4.6t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥195.8b

Manufactures and sells potash fertilizers in China and internationally.

Constellation Brands

Market Cap: US$28.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥193.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Credicorp

Market Cap: US$28.4b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Sunbelt Rentals Holdings

Market Cap: US$28.3b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

Steel Dynamics

Market Cap: US$28.3b

Operates as a steel producer and metal recycler in the United States.

Novozymes

Market Cap: DKK 177.0b

Produces and sells industrial enzymes, functional proteins, and microorganisms in Denmark, rest of Europe, North America, the Asia Pacific, the Middle East, Africa, and Latin America.

Kuehne + Nagel International

Market Cap: CHF 21.8b

Provides integrated logistics services in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Koninklijke Philips

Market Cap: €23.5b

Operates as a health technology company in North America, the Greater China, and internationally.

Helvetia Baloise Holding

Market Cap: CHF 21.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Citizens Financial Group

Market Cap: US$27.6b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Resona Holdings

Market Cap: JP¥4.3t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Haier Smart Home

Market Cap: CN¥185.5b

Engages in the research, development, production, and sales of smart home appliances.

Bridgestone

Market Cap: JP¥4.3t

Manufactures and sells tires and rubber products in Japan, China, India, the Asia Pacific, the United States, the Americas, Europe, the Middle East, and Africa.

Telefônica Brasil

Market Cap: R$133.5b

Operates as a mobile telecommunications company in Brazil.

Snam

Market Cap: €22.4b

Engages in the operation of natural gas transport and storage infrastructure.

Dollar General

Market Cap: US$26.3b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Aviva

Market Cap: UK£19.3b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Veeva Systems

Market Cap: US$26.0b

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

LPL Financial Holdings

Market Cap: US$25.9b

Provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States.

Fox

Market Cap: US$25.5b

Operates as a news, sports, and entertainment company in the United States.

Telefónica

Market Cap: €21.6b

Provides telecommunications services in Europe and Latin America.

Sociedad Química y Minera de Chile

Market Cap: US$25.4b

Produces and sells specialty plant nutrients, and iodine and its derivatives worldwide.

Northern Star Resources

Market Cap: AU$35.3b

Engages in the exploration, development, mining, and processing of gold deposits.