Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Emaar Properties PJSC

Market Cap: د.إ117.6b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Globe Life

Market Cap: US$10.7b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Merchants Bancorp

Market Cap: US$1.5b

Operates as the diversified bank holding company in the United States.

Blue Bird

Market Cap: US$1.7b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

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.

Euroseas

Market Cap: US$422.4m

Provides ocean-going transportation services worldwide.

LKQ

Market Cap: US$7.6b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Thryv Holdings

Market Cap: US$245.3m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Capital Bancorp

Market Cap: US$459.3m

Operates as the bank holding company for Capital Bank, N.A.

Kyivstar Group

Market Cap: US$3.2b

Provides a range of mobile communication and home Internet services in Ukraine.

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.

Coterra Energy

Market Cap: US$20.4b

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.

Grupo Mateus

Market Cap: R$11.4b

Operates a supermarket chain in Brazil.

M.P. Evans Group

Market Cap: €670.7m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

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.

Curaleaf Holdings

Market Cap: US$2.5b

Produces and distributes cannabis products in the United States and internationally.

Lithia Motors

Market Cap: €7.7b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Tenaga Nasional Berhad

Market Cap: US$76.8b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

DNO

Market Cap: €14.1b

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

Gildan Activewear

Market Cap: CA$12.0b

Manufactures and sells various apparel products.

H.I.S

Market Cap: €96.0b

Provides travel agency services internationally.

Akzo Nobel

Market Cap: €9.6b

Produces and sells paints and coatings worldwide.

Alaris Equity Partners Income Trust

Market Cap: €912.2m

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

Intrum

Market Cap: €5.3b

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

FDJ United

Market Cap: €4.5b

Engages in the gaming operation and distribution business in France and internationally.

Carnival Corporation &

Market Cap: €33.6b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

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.

Aspen Pharmacare Holdings

Market Cap: €42.2b

Manufactures and markets specialty and branded pharmaceutical products in Africa, the Middle East, the Americas, Europe CIS, Australasia, and Asia.

Chorus Aviation

Market Cap: CA$548.4m

Through its subsidiaries, provides aviation services.

Skymark Airlines

Market Cap: €23.0b

Provides scheduled air transportation services.

Air Canada

Market Cap: CA$5.6b

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

DOF Group

Market Cap: €23.2b

Owns and operates a fleet of offshore and subsea vessels.

Russel Metals

Market Cap: CA$2.3b

Engages in the distribution of steel and other metal products in Canada and the United States.

Sabio Holdings

Market Cap: CA$17.3m

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.

OFG Bancorp

Market Cap: €1.7b

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