Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

NetEase

Market Cap: US$606.0b

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

Capgemini

Market Cap: €19.2b

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.

Kuaishou Technology

Market Cap: €301.6b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Asahi Group Holdings

Market Cap: €2.5t

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

Arnoldo Mondadori Editore

Market Cap: €546.4m

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

Tennant

Market Cap: US$1.5b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Oracle Corporation Japan

Market Cap: €1.2t

Provides software, hardware, and cloud products and solutions in Japan.

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.

On the Beach Group

Market Cap: €302.9m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Hikma Pharmaceuticals

Market Cap: €3.4b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Enovis

Market Cap: €1.3b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

TravelSky Technology

Market Cap: US$31.7b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Ernst Russ

Market Cap: €245.3m

A publicly owned investment manager.

CEWE Stiftung KGaA

Market Cap: €696.3m

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

Rogers Communications

Market Cap: €26.7b

Operates as a communications and media company in Canada.

Cheerwin Group

Market Cap: €3.1b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Sabio Holdings

Market Cap: CA$7.3m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

MINISO Group Holding

Market Cap: €5.8b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Sangoma Technologies

Market Cap: US$211.9m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Grand Pharmaceutical Group

Market Cap: €27.7b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Acrow

Market Cap: €317.8m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Indofood Sukses Makmur

Market Cap: €59.9t

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

Euroseas

Market Cap: US$374.9m

Provides ocean-going transportation services worldwide.

PENN Entertainment

Market Cap: €1.8b

Provides integrated entertainment, sports content, and casino gaming experiences.

Accenture

Market Cap: US$148.1b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Abercrombie & Fitch

Market Cap: US$4.5b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Alaris Equity Partners Income Trust

Market Cap: €1.0b

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

PTC

Market Cap: US$18.5b

Operates as software company in the Americas, Europe, and the Asia Pacific.

Grupa Pracuj

Market Cap: €3.0b

Operates HR technology platform in Poland, Ukraine, and Germany.

Cardlytics

Market Cap: US$50.5m

Operates an advertising platform in the United States and the United Kingdom.

American Integrity Insurance Group

Market Cap: €347.1m

Operates as an insurance company.

Pearson

Market Cap: €5.7b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

BYD Electronic (International)

Market Cap: US$76.1b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Expedia Group

Market Cap: US$29.0b

Operates as an online travel company in the United States and internationally.

Thryv Holdings

Market Cap: US$171.3m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.