Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Merck KGaA

Market Cap: US$50.2b

Operates as a science and technology company in Germany.

Kenmare Resources

Market Cap: UK£342.6m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

EVS Broadcast Equipment

Market Cap: €452.9m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

ADENTRA

Market Cap: CA$650.0m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Huhtamäki Oyj

Market Cap: €3.4b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Tenaris

Market Cap: €15.8b

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.

LKQ

Market Cap: US$10.4b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Bertrandt

Market Cap: €201.3m

Provides engineering services.

KBR

Market Cap: US$6.7b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Royalty Pharma

Market Cap: €18.4b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Huhtamäki Oyj

Market Cap: €3.4b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Amneal Pharmaceuticals

Market Cap: €2.3b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

TotalEnergies

Market Cap: US$114.2b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

INDUS Holding

Market Cap: €546.5m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Bertrandt

Market Cap: €201.3m

Provides engineering services.

Griffon

Market Cap: US$3.2b

Through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.

Noodles

Market Cap: US$36.3m

A restaurant concept company, develops and operates fast-casual restaurants in the United States.

Diebold Nixdorf

Market Cap: US$1.8b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Thungela Resources

Market Cap: €11.9b

Engages in the mining and production of thermal coal in South Africa and Australia.

Ceconomy

Market Cap: €1.3b

Engages in the consumer electronics retail business.

Sword Group

Market Cap: €320.3m

Provides IT and software solutions worldwide.

urban-gro

Market Cap: US$4.4m

Engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe.

Mitek Systems

Market Cap: US$418.3m

Provides mobile image capture and digital identity verification solutions worldwide.

Quest Resource Holding

Market Cap: €45.8m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

Exxaro Resources

Market Cap: €35.5b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Nilfisk Holding

Market Cap: €2.5b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Sanofi

Market Cap: €106.6b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Global Dominion Access

Market Cap: €461.9m

Provides integral services for business process efficiency and sustainability worldwide.

Robert Walters

Market Cap: €136.2m

Provides professional recruitment consultancy services worldwide.

Amphastar Pharmaceuticals

Market Cap: US$1.2b

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

GE HealthCare Technologies

Market Cap: €32.8b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

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.

Sportsman's Warehouse Holdings

Market Cap: US$73.5m

Operates as an outdoor sporting goods retailer in the United States.

Gap

Market Cap: US$10.5b

Operates as an apparel retail company.