Global Net Cash Stocks With A Growth Track Record

RATIONAL

Market Cap: €8.2b

Engages in the development, production, and sale of professional cooking systems for industrial kitchens in Germany, rest of Europe, North America, Latin America, Asia, Australia, New Zealand, the Middle East, and Africa.

Rockwool

Market Cap: DKK 60.8b

Produces and sells stone wool insulation products in Western Europe, Eastern Europe, Russia, North America, Asia, and internationally.

Alchip Technologies

Market Cap: NT$277.3b

Engages in the research and development, design, and manufacture of fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Arashi Vision

Market Cap: CN¥67.9b

Arashi Vision Inc., doing business as Insta360, develops and manufactures spherical video cameras.

Medpace Holdings

Market Cap: US$9.3b

Provides clinical research-based drug and medical device development services in North America, Europe, and Asia.

New York Times

Market Cap: US$9.1b

The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide.

Nextracker

Market Cap: US$9.1b

Provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally.

Descartes Systems Group

Market Cap: CA$11.9b

Provides global logistics technology solutions worldwide.

Kanzhun

Market Cap: US$8.5b

Provides online recruitment services in the People’s Republic of China.

Pegasystems

Market Cap: US$8.5b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Abbott India

Market Cap: ₹731.2b

Operates as a pharmaceutical company in India.

Technology One

Market Cap: AU$12.9b

Engages in the development, marketing, sale, implementation, and support of integrated enterprise business software solutions in Australia and internationally.

International Games SystemLtd

Market Cap: NT$233.3b

Plans, designs, researches, develops, manufactures, markets, services, and licenses arcade, online, and mobile games principally in Taiwan, the United Kingdom, and China.

Yutong BusLtd

Market Cap: CN¥57.1b

Engages in the manufacture and sale of bus and related products in China and internationally.

Caixa Seguridade Participações

Market Cap: R$43.2b

Provides various life and non-life insurance products in Brazil.

Giant Biogene Holding

Market Cap: HK$60.3b

An investment holding company, designs, develops, manufactures, and sells skin treatment products with recombinant collagen in the People’s Republic of China.

NetEase Cloud Music

Market Cap: HK$58.7b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Universal Display

Market Cap: US$7.4b

Engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications.

Commvault Systems

Market Cap: US$7.3b

Provides a cyber resilience platform for protecting and recovering data and cloud-native applications in the Americas and internationally.

Imeik Technology DevelopmentLtd

Market Cap: CN¥52.5b

Engages in the research and development, production, and transformation of biomedical soft tissue repair materials in China.

Sectra

Market Cap: SEK 69.4b

Provides solutions for medical IT and cybersecurity sectors in Sweden, the United Kingdom, the Netherlands, and rest of Europe.

BIM Birlesik Magazalar

Market Cap: ₺291.4b

Operates retail stores in Turkey, Morocco, and Egypt.

Vishal Mega Mart

Market Cap: ₹622.9b

Engages in the wholesale, trading, and retail of apparel, fast moving consumer goods, and general merchandise in India.

Indian Railway Catering & Tourism

Market Cap: ₹619.0b

Engages in the provision of catering and hospitality, Internet ticketing, travel and tourism, and packaged drinking water services in India.

Games Workshop Group

Market Cap: UK£5.3b

Engages in the design, manufacture, distribution, and sale of fantasy miniature figures and games in the United Kingdom, Continental Europe, North America, Australia, New Zealand, Asia, and internationally.

Five Below

Market Cap: US$7.1b

Operates as a specialty value retailer in the United States.

Badger Meter

Market Cap: US$7.0b

Manufactures and markets flow measurement, quality, control, and communication solutions worldwide.

Bupa Arabia for Cooperative Insurance

Market Cap: ر.س26.3b

Engages in the insurance business in the Kingdom of Saudi Arabia.

GE Vernova T&D India

Market Cap: ₹595.2b

Engages in building power transmission and distribution infrastructure in India and internationally.

Jentech Precision Industrial

Market Cap: NT$202.2b

Manufactures and sells precision molds worldwide.

Rambus

Market Cap: US$6.9b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

ASPEED Technology

Market Cap: NT$191.9b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Urban Outfitters

Market Cap: US$6.5b

Offers lifestyle products and services.

HANMI Semiconductor

Market Cap: ₩8.9t

Manufactures and sells semiconductor equipment in South Korea and internationally.

GlaxoSmithKline Pharmaceuticals

Market Cap: ₹549.3b

Manufactures, distributes, and trades in pharmaceuticals in India and internationally.

Page Industries

Market Cap: ₹534.6b

Manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally.