Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Iochpe-Maxion

Market Cap: R$2.1b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Grupo Mateus

Market Cap: R$17.0b

Operates a supermarket chain in Brazil.

Renault

Market Cap: €8.8b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.4b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.5b

Designs, develops, manufactures, sells, and supplies auto parts in China.

ACI Worldwide

Market Cap: US$4.6b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.2b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

L&K Engineering (Suzhou)Ltd

Market Cap: CN¥7.9b

Provides specialized engineering technical services in China.

Zhejiang Semir Garment

Market Cap: CN¥14.9b

Produces and sells casual apparels in China and internationally.

ProCredit Holding

Market Cap: €551.3m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Koenig & Bauer

Market Cap: €248.9m

Develops and manufactures printing and postprint systems worldwide.

Cabka

Market Cap: €47.1m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

INDUS Holding

Market Cap: €591.3m

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

Robert Walters

Market Cap: UK£89.8m

Provides professional recruitment consultancy services worldwide.

Merchants Bancorp

Market Cap: US$1.4b

Operates as the diversified bank holding company in the United States.

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of snack foods in China.

Olin

Market Cap: US$2.2b

Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada.

KH Neochem

Market Cap: JP¥98.2b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Hu Lane Associate

Market Cap: NT$15.9b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

TotalEnergies

Market Cap: €116.1b

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.

Amneal Pharmaceuticals

Market Cap: €2.7b

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

Regeneron Pharmaceuticals

Market Cap: €58.4b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥33.2b

Manufactures and sells power distribution and utilization systems in China and internationally.

Yelp

Market Cap: US$2.0b

Operates a platform that connects consumers with local businesses in the United States and internationally.

Austriacard Holdings

Market Cap: €206.8m

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.

Infinity Natural Resources

Market Cap: US$875.4m

Engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

NOV

Market Cap: US$4.4b

Designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.

CES Energy Solutions

Market Cap: €1.6b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Angel Oak Mortgage REIT

Market Cap: US$217.0m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

1st Source

Market Cap: US$1.4b

Operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥22.3b

ShenZhen YUTO Packaging Technology Co., Ltd.

PLDT

Market Cap: US$284.1b

Provides telecommunications and digital services in the Philippines.

Business First Bancshares

Market Cap: US$684.7m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.