Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Life Healthcare Group Holdings

Market Cap: €14.8b

An investment holding company, operates as a private healthcare company in Southern Africa.

Deezer

Market Cap: €131.2m

Provides music, lossless HiFi audio, and industry-defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally.

QinetiQ Group

Market Cap: €2.1b

Provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany.

Gartner

Market Cap: €9.0b

Provides business and technology insights to support decision-making and performance on an organization’s mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally.

TF1

Market Cap: €1.4b

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.

Mears Group

Market Cap: UK£339.0m

Provides various outsourced services to the public and private sectors in the United Kingdom.

TAL Education Group

Market Cap: €5.3b

Provides smart learning solutions in the People’s Republic of China.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

Hollywood Bowl Group

Market Cap: UK£465.2m

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

Havas

Market Cap: €1.7b

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

NetEase

Market Cap: €600.7b

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

Astra International

Market Cap: €190.7t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Regis Resources

Market Cap: €5.0b

Engages in the exploration, evaluation, and development of gold projects in Australia.

HORNBACH Holding KGaA

Market Cap: €1.3b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Vusion

Market Cap: €2.0b

Engages in the provision of digitalization solutions for commerce in France, rest of Europe, the Middle East, Africa, Asia, and the Americas.

DNO

Market Cap: €16.2b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Vetoquinol

Market Cap: €841.4m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products for cattle, pigs, dogs, and cats in Europe, the Americas, and the Asia Pacific region.

Japan Lifeline

Market Cap: €89.9b

A medical device company, engages in manufacturing and sale of medical device in Japan.

Kalmar Oyj

Market Cap: €2.4b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.

Shell

Market Cap: UK£161.5b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Aegean Airlines

Market Cap: €1.2b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Antam (Persero)

Market Cap: €65.1t

Operates as a diversified metals and mining company in Indonesia.

Fresenius SE KGaA

Market Cap: €22.4b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Mears Group

Market Cap: €339.0m

Provides various outsourced services to the public and private sectors in the United Kingdom.

MINISO Group Holding

Market Cap: €3.5b

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.

Pepper Money

Market Cap: €703.0m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Arnoldo Mondadori Editore

Market Cap: €531.7m

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

GFT Technologies

Market Cap: €522.8m

Provides digital transformation services.

Bosideng International Holdings

Market Cap: €45.9b

Engages in the apparel business in the People’s Republic of China.

China Water Affairs Group

Market Cap: €7.3b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

DOF Group

Market Cap: €28.1b

Owns and operates a fleet of offshore and subsea vessels.

Bouvet

Market Cap: €4.4b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.2b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Green Tea Group

Market Cap: €4.0b

Operates casual Chinese restaurants in Mainland China.

Globus Medical

Market Cap: €11.7b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.