Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Tongcheng Travel Holdings

Market Cap: €48.6b

An investment holding company, provides travel related services in the People’s Republic of China.

Arnoldo Mondadori Editore

Market Cap: €524.3m

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

MINISO Group Holding

Market Cap: €5.9b

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.

Grand Pharmaceutical Group

Market Cap: €27.6b

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.

Indofood Sukses Makmur

Market Cap: €57.7t

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

Jumbo Interactive

Market Cap: €627.0m

Engages in the retail of lottery tickets through the internet and mobile devices in Australia, the United Kingdom, Canada, Fiji, and internationally.

Enovis

Market Cap: €1.3b

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

TF1

Market Cap: €1.5b

Operates as a media and entertainment company, primarily engages in television broadcasting, content creation, and distribution of audiovisual rights in France, Continental Europe, and internationally.

Amadeus IT Group

Market Cap: €21.4b

Operates as a transaction processor for the travel and tourism industry in Spain, Germany, rest of Europe, the Middle East, Africa, Asia and the Pacific, the United States of America, and rest of America.

Pearson

Market Cap: €6.0b

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

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.

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.

CEWE Stiftung KGaA

Market Cap: €686.7m

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

Bank7

Market Cap: €398.7m

Operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers.

China Tower

Market Cap: €196.5b

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

q.beyond

Market Cap: €100.7m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Hoenle

Market Cap: €60.3m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Ernst Russ

Market Cap: €248.6m

A publicly owned investment manager.

Corebridge Financial

Market Cap: €13.3b

Provides retirement solutions and insurance products in the United States.

Grupa Pracuj

Market Cap: €3.0b

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

McBride

Market Cap: €269.8m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Bertrandt

Market Cap: €202.1m

Provides engineering services.

American Integrity Insurance Group

Market Cap: €356.1m

Operates as an insurance company.

Brinker International

Market Cap: €6.1b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Sabio Holdings

Market Cap: CA$16.2m

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.

Travere Therapeutics

Market Cap: US$2.8b

A biopharmaceutical company, identifies, develops, and delivers therapies to people living with rare kidney and metabolic diseases in the United States.

BYD Electronic (International)

Market Cap: US$74.0b

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.

Cardlytics

Market Cap: US$46.9m

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

q.beyond

Market Cap: €100.7m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

NetEase

Market Cap: US$564.8b

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

On the Beach Group

Market Cap: €280.0m

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

CDW

Market Cap: €15.7b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

Genpact

Market Cap: €6.4b

Provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe.

Industrial Bank

Market Cap: CN¥386.2b

Provides banking products and services in the People’s Republic of China.

Aurelia Metals

Market Cap: AU$533.2m

Engages in the exploration and production of mineral properties in Australia.