Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Hoa Phat Group

Market Cap: ₫206.5t

Produces and sells steel products in Vietnam.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.5b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

Hu Lane Associate

Market Cap: NT$15.4b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

MC Group

Market Cap: ฿8.4b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

GWA Group

Market Cap: AU$625.4m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥74.7b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

ICG

Market Cap: UK£5.5b

A private equity firm specializing in direct and fund of fund investments.

CellaVision

Market Cap: SEK 3.8b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Sulzer

Market Cap: CHF 4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

Robert Walters

Market Cap: UK£89.8m

Provides professional recruitment consultancy services worldwide.

q.beyond

Market Cap: €91.2m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Carmila

Market Cap: €2.3b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺27.1b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

Gamma Communications

Market Cap: UK£888.4m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Eiffage

Market Cap: €10.8b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

National Medical Care

Market Cap: ر.س7.0b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Morgan Advanced Materials

Market Cap: UK£552.4m

Manufactures and sells various carbon and ceramic products.

Koenig & Bauer

Market Cap: €166.2m

Develops and manufactures printing and postprint systems worldwide.

GL Events

Market Cap: €797.8m

Provides integrated solutions and services for events in France and internationally.

Gecina

Market Cap: €6.0b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Austevoll Seafood

Market Cap: NOK 17.5b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Compagnie des Alpes

Market Cap: €1.0b

Engages in the operation of leisure facilities in France and internationally.

PORR

Market Cap: €1.0b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Middle East Healthcare

Market Cap: ر.س3.9b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Esprinet

Market Cap: €271.9m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

SMU

Market Cap: CL$870.8b

Operates as a food retailer in Chile and Peru.

GL Events

Market Cap: €797.8m

Provides integrated solutions and services for events in France and internationally.

Ernst Russ

Market Cap: €233.8m

A publicly owned investment manager.

LPKF Laser & Electronics

Market Cap: €138.9m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

ConocoPhillips

Market Cap: €110.5b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

Altea Green Power

Market Cap: €111.1m

Supplies and manages renewable energy plants in Italy and the United States.

Kimberly-Clark

Market Cap: €34.7b

Manufactures and markets personal care products in the United States.

Demant

Market Cap: DKK 46.3b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.