Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Asahi Group Holdings

Market Cap: €2.2t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Premier Foods

Market Cap: UK£1.7b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Compagnie de Saint-Gobain

Market Cap: €38.1b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

EVS Broadcast Equipment

Market Cap: €419.4m

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

Pattern

Market Cap: €35.0m

Engages in engineering, prototyping, and production of luxury goods in Italy, rest of the European Union, and internationally.

Guangdong Haid Group

Market Cap: CN¥76.4b

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

Baoshan Iron & Steel

Market Cap: CN¥128.9b

Manufactures and sells steel products in China and internationally.

GF Securities

Market Cap: CN¥138.3b

Provides capital market services in China.

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Talgo

Market Cap: €361.8m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

First Resources

Market Cap: S$4.1b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, China, Malaysia, and internationally.

Otis Worldwide

Market Cap: €27.2b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Euroseas

Market Cap: US$449.5m

Provides ocean-going transportation services in Greece and internationally.

Arnoldo Mondadori Editore

Market Cap: €542.1m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Pepper Money

Market Cap: €750.2m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Gecina

Market Cap: €5.4b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Scotts Miracle-Gro

Market Cap: €3.4b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

Daiwa House Industry

Market Cap: €2.7t

Engages in the construction work business in Japan, the United States, and internationally.

Viva Wine Group

Market Cap: SEK 2.8b

Develops, markets, imports, and sells wines.

Bayerische Motoren Werke

Market Cap: US$45.4b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Jerónimo Martins SGPS

Market Cap: €11.4b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

NetEase

Market Cap: €619.3b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

GE HealthCare Technologies

Market Cap: €28.4b

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.

Barco

Market Cap: €748.8m

Develops visualization solutions, and collaboration and networking technologies for the entertainment, enterprise, and healthcare markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Huron Consulting Group

Market Cap: US$1.6b

Provides global professional services in the United States and internationally.

Infotel

Market Cap: €293.0m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

DEUTZ

Market Cap: €1.6b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Regis Resources

Market Cap: US$4.6b

Engages in the exploration, evaluation, and development of gold projects in Australia.

China Tower

Market Cap: €173.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

TAL Education Group

Market Cap: €5.9b

Provides K-12 after-school tutoring services in the People’s Republic of China.

Bank Mandiri (Persero)

Market Cap: €380.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Forward Air

Market Cap: €334.6m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

CellaVision

Market Cap: SEK 2.9b

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

ACI Worldwide

Market Cap: US$4.4b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and worldwide.

FRP Advisory Group

Market Cap: UK£268.2m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.