Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Altea Green Power

Market Cap: €117.8m

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

Chorus Aviation

Market Cap: CA$620.3m

Through its subsidiaries, provides aviation services.

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.

Cyfrowy Polsat

Market Cap: €8.5b

Provides digital satellite platform and terrestrial television (TV), and telecommunication services primarily in Poland.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Euroseas

Market Cap: US$403.2m

Provides ocean-going transportation services worldwide.

AKVA group

Market Cap: NOK 3.3b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Carmila

Market Cap: €2.2b

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.

Burford Capital

Market Cap: US$2.2b

Provides legal finance products and services worldwide.

Hollywood Bowl Group

Market Cap: UK£449.7m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Kyivstar Group

Market Cap: US$3.2b

Provides a range of mobile communication and home Internet services in Ukraine.

DaVita

Market Cap: €8.4b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Transcontinental

Market Cap: CA$1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Suzano

Market Cap: R$60.4b

Manufactures and sells pulp and paper products in Brazil and internationally.

Global Dominion Access

Market Cap: €476.9m

Provides integral services for business process efficiency and sustainability worldwide.

Korn Ferry

Market Cap: US$3.4b

Engages in the provision of organizational consulting services worldwide.

ARYZTA

Market Cap: CHF 1.3b

Provides products and services for in-store bakery solutions in Europe and internationally.

Capgemini

Market Cap: €22.7b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

Tenaga Nasional Berhad

Market Cap: US$77.4b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Quanex Building Products

Market Cap: US$648.2m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

Pollard Banknote

Market Cap: €548.4m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Rainbow Tours

Market Cap: €1.8b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Northpointe Bancshares

Market Cap: €544.7m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Lithia Motors

Market Cap: €7.6b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Stanmore Resources

Market Cap: €1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Kaufman & Broad

Market Cap: €572.7m

Operates as a property developer and builder in France.

TAKKT

Market Cap: €288.1m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

GFT Technologies

Market Cap: €466.7m

Provides digital transformation services.

Austriacard Holdings

Market Cap: €175.5m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Indofood Sukses Makmur

Market Cap: €65.0t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

CEWE Stiftung KGaA

Market Cap: €678.7m

Operates as a photo service and online printing provider in Germany and internationally.

Fortune Brands Innovations

Market Cap: US$6.1b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

INDUS Holding

Market Cap: €558.9m

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

Ventura Offshore Holding

Market Cap: NOK 2.3b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.