Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

ICG

Market Cap: UK£5.5b

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

Cadeler

Market Cap: NOK 16.2b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Sword Group

Market Cap: €337.8m

Provides IT and software solutions.

ARYZTA

Market Cap: CHF 1.2b

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

Fortune Brands Innovations

Market Cap: US$5.8b

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.

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.

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

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.

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.

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.

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.

Altea Green Power

Market Cap: €111.1m

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

Demant

Market Cap: DKK 46.3b

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

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Kaufman & Broad

Market Cap: €565.8m

Operates as a property developer and builder in France.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺27.1b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

Ernst Russ

Market Cap: €233.8m

A publicly owned investment manager.

Eiffage

Market Cap: €10.8b

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

Kimberly-Clark

Market Cap: €34.5b

Manufactures and markets personal care products in the United States.

EVS Broadcast Equipment

Market Cap: €487.5m

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

GL Events

Market Cap: €797.8m

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

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.

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.

Talgo

Market Cap: €357.6m

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

Asahi Group Holdings

Market Cap: €2.6t

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

Surgery Partners

Market Cap: US$2.0b

Owns and operates a network of surgical facilities and ancillary services in the United States.

ACT Energy Technologies

Market Cap: CA$170.0m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

EOG Resources

Market Cap: €59.9b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

United Bank for Africa

Market Cap: ₦1.6t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

NETGEAR

Market Cap: US$787.9m

Provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific.

Lithia Motors

Market Cap: €7.1b

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

Lenovo Group

Market Cap: €130.2b

An investment holding company, develops, manufactures, and markets technology products and services.

GL Events

Market Cap: €797.8m

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