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.

ProCredit Holding

Market Cap: €597.8m

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

Ero Copper

Market Cap: CA$2.1b

Engages in the exploration, development, and production of mining projects in Brazil.

Hollywood Bowl Group

Market Cap: UK£433.1m

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

Capgemini

Market Cap: €21.5b

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.

Vestis

Market Cap: US$630.2m

Provides uniform rentals and workplace supplies in the United States and Canada.

Pollard Banknote

Market Cap: €560.3m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Royal Unibrew

Market Cap: DKK 23.7b

Provides beer, soft drinks, malt beverages, energy drinks, cider/ready to drink, juice, water, and wine and spirits.

Valeura Energy

Market Cap: €897.7m

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

Torex Gold Resources

Market Cap: US$3.7b

Operates as an intermediate gold producer.

Koenig & Bauer

Market Cap: €248.5m

Develops and manufactures printing and postprint systems worldwide.

lastminute.com

Market Cap: CHF 165.8m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Origin Enterprises

Market Cap: €400.2m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Renault

Market Cap: €9.1b

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.

Carlsberg

Market Cap: US$107.9b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Highwood Asset Management

Market Cap: CA$78.9m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

DOF Group

Market Cap: €24.6b

Owns and operates a fleet of offshore and subsea vessels.

Austevoll Seafood

Market Cap: NOK 19.1b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Flowco Holdings

Market Cap: US$1.5b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Tongcheng Travel Holdings

Market Cap: €47.8b

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

Arnoldo Mondadori Editore

Market Cap: €546.4m

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

GFT Technologies

Market Cap: €462.5m

Provides digital transformation services.

Air Canada

Market Cap: CA$5.9b

Provides domestic, U.S. transborder, and international airline services.

Coterra Energy

Market Cap: US$18.2b

An independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.5b

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

q.beyond

Market Cap: €111.4m

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥24.0b

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

Serabi Gold

Market Cap: CA$145.4m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Amneal Pharmaceuticals

Market Cap: €3.0b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.8b

Produces and sells seasoning products in China and internationally.

INDUS Holding

Market Cap: €566.4m

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

Vardhman Textiles

Market Cap: ₹120.0b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Ribbon Communications

Market Cap: US$703.0m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Grupo Mateus

Market Cap: R$15.6b

Operates a supermarket chain in Brazil.

Iochpe-Maxion

Market Cap: R$2.0b

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