Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

TEGNA

Market Cap: US$2.5b

Operates as a journalism company in the United States.

Nordex

Market Cap: €3.6b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

CF Industries Holdings

Market Cap: US$11.9b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

Metropolitan Bank Holding

Market Cap: US$555.6m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

Tokuyama

Market Cap: €178.9b

Produces and sells various chemical products in Japan.

Arcadis

Market Cap: €4.0b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

KWS SAAT SE KGaA

Market Cap: €1.8b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Steelcase

Market Cap: US$1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

Casta Diva Group

Market Cap: €21.2m

Operates as a communication company in Italy and internationally.

Alaris Equity Partners Income Trust

Market Cap: €788.8m

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

MINISO Group Holding

Market Cap: €4.7b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Bidvest Group

Market Cap: €74.0b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Demant

Market Cap: DKK 45.8b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, 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.

Autoliv

Market Cap: US$6.2b

Through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Whitecap Resources

Market Cap: US$4.5b

Engages in the acquisition, development, and production of petroleum and natural gas properties and assets in Western Canada.

Korn Ferry

Market Cap: US$3.3b

Engages in the provision of organizational consulting services worldwide.

Hamilton Insurance Group

Market Cap: US$1.8b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

Hammond Power Solutions

Market Cap: €922.4m

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Renault

Market Cap: €11.7b

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.

Viatris

Market Cap: €9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

Regeneron Pharmaceuticals

Market Cap: €59.3b

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

Orion Group Holdings

Market Cap: US$224.2m

Operates as a specialty construction company in the infrastructure, industrial, and building sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin.

Regeneron Pharmaceuticals

Market Cap: €59.3b

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

QinetiQ Group

Market Cap: €2.1b

Operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

RioCan Real Estate Investment Trust

Market Cap: CA$4.8b

RioCan is one of Canada’s largest real estate investment trusts.

SFL

Market Cap: €1.0b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Regional Management

Market Cap: €292.3m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Luceco

Market Cap: €178.4m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

Esprinet

Market Cap: €226.4m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Argan

Market Cap: €1.4b

Engages in designing, building, developing, owning, leasing, and managing logistical platforms in France.

Royalty Pharma

Market Cap: €18.4b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.