Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Rithm Capital

Market Cap: US$6.4b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Indofood Sukses Makmur

Market Cap: €64.5t

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

Intertek Group

Market Cap: US$7.1b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

Capgemini

Market Cap: €22.9b

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.

Premier Foods

Market Cap: UK£1.5b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Grupo Mateus

Market Cap: R$11.4b

Operates a supermarket chain in Brazil.

Havas

Market Cap: €1.4b

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

Aalberts

Market Cap: €3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Sendas Distribuidora

Market Cap: R$13.5b

Engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil.

Intrum

Market Cap: €5.3b

Provides payment solutions, and credit and collection services in Europe and internationally.

ProSiebenSat.1 Media

Market Cap: €1.1b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Akzo Nobel

Market Cap: €9.6b

Produces and sells paints and coatings worldwide.

Alaris Equity Partners Income Trust

Market Cap: €903.6m

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

OFG Bancorp

Market Cap: €1.8b

A financial holding company, provides a range of banking and financial services in the United States.

Andean Precious Metals

Market Cap: €1.1b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Open Text

Market Cap: €8.3b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Suzano

Market Cap: R$59.6b

Manufactures and sells pulp and paper products in Brazil and internationally.

INDUS Holding

Market Cap: €661.0m

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

Polar Capital Holdings

Market Cap: €521.6m

Polar Capital Holdings plc is a publicly owned investment manager.

DNO

Market Cap: NOK 14.1b

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

Rainbow Tours

Market Cap: €1.9b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Valeura Energy

Market Cap: €763.0m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Aecon Group

Market Cap: US$1.7b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

TAKKT

Market Cap: €250.7m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Crown Castle

Market Cap: US$39.8b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Cardlytics

Market Cap: US$67.0m

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

Dell Technologies

Market Cap: US$89.4b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Veolia Environnement

Market Cap: €21.4b

Designs and provides water, waste, and energy management solutions.

BWG

Market Cap: NOK 19.4b

An investment holding company, engages in ship owning and chartering activities worldwide.

Asahi Group Holdings

Market Cap: €2.7t

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

Grupa Pracuj

Market Cap: €3.7b

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

Arnoldo Mondadori Editore

Market Cap: €536.0m

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

TravelSky Technology

Market Cap: US$30.8b

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

Hikma Pharmaceuticals

Market Cap: €3.4b

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