Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Shenzhen YHLO Biotech

Market Cap: CN¥9.5b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Jiangling Motors Corporation

Market Cap: CN¥15.3b

Engages in the production and sale of automobiles and automobile parts in China and internationally.

SAF-Holland

Market Cap: €772.6m

Manufactures and supplies chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp228.8t

Provides information and communications technology, and telecommunications network services worldwide.

Beijing New Building Materials

Market Cap: CN¥51.1b

Manufactures and sells building materials in China and internationally.

TECON BIOLOGYLTD

Market Cap: CN¥8.5b

Engages in the provision of animal health care, feed, pig breeding, agricultural product processing and trade, and financial services in China and internationally.

Adairs

Market Cap: AU$390.4m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Fujian Funeng

Market Cap: CN¥25.5b

Engages in the production and sale of electricity and heat in China.

Adaro Minerals Indonesia

Market Cap: Rp36.8t

Engages in metallurgical coal mining business in Indonesia.

Hubei Xingfa Chemicals Group

Market Cap: CN¥24.8b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

LX Semicon

Market Cap: ₩953.1b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Guangdong Haid Group

Market Cap: CN¥81.0b

Researches, develops, produces, sells, and services animal feed products in China and internationally.

Jiangshan Oupai Door Industry

Market Cap: CN¥3.0b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

Merchants Bancorp

Market Cap: US$1.8b

Operates as the diversified bank holding company in the United States.

Ovintiv

Market Cap: €10.8b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

Travis Perkins

Market Cap: UK£1.2b

Engages in distribution of building material products in the United Kingdom.

Five9

Market Cap: €2.3b

Provides intelligent cloud software for contact centers in the United States and internationally.

Enovis

Market Cap: €2.2b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

Morgan Advanced Materials

Market Cap: UK£577.7m

Operates as a materials science and application engineering company primarily the United Kingdom.

Trican Well Service

Market Cap: CA$857.1m

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

KWS SAAT SE KGaA

Market Cap: €1.9b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Eolus Vind

Market Cap: SEK 1.4b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states.

PENN Entertainment

Market Cap: €2.6b

Provides integrated entertainment, sports content, and casino gaming experiences.

Orion Group Holdings

Market Cap: US$224.6m

Operates as a specialty construction company in the infrastructure, industrial, and building sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin.

Argan

Market Cap: €1.7b

Engages in designing, building, developing, owning, leasing, and managing logistical platforms in France.

Taylor Morrison Home

Market Cap: €6.1b

Operates as a land developer and homebuilder in the United States.

Ultimate Products

Market Cap: UK£62.7m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Regional Management

Market Cap: €303.2m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Target

Market Cap: €47.4b

Operates as a general merchandise retailer in the United States.

DEME Group

Market Cap: €3.4b

Provides marine solutions in the fields of dredging, land reclamation, marine infrastructure, offshore energy, and environmental remediation.

Carnival Corporation &

Market Cap: €27.1b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

ATI

Market Cap: US$7.4b

Produces and sells specialty materials and complex components worldwide.