Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Man Wah Holdings

Market Cap: €16.9b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, Vietnam, Mexico, and internationally.

Grupa Pracuj

Market Cap: €2.6b

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

Angel Oak Mortgage REIT

Market Cap: US$207.0m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Oracle Corporation Japan

Market Cap: €1.1t

Provides software, hardware, and cloud products and solutions in Japan.

Oshkosh

Market Cap: US$9.3b

Provides purpose-built vehicles and equipment worldwide.

Elixirr International

Market Cap: €291.3m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

Autoliv

Market Cap: €7.9b

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

Asahi Group Holdings

Market Cap: €2.3t

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

Aegean Airlines

Market Cap: €1.1b

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

Transcontinental

Market Cap: €457.9m

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Safran

Market Cap: €117.0b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.

Middleby

Market Cap: US$6.5b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.

Cabka

Market Cap: €44.5m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Indofood Sukses Makmur

Market Cap: €53.3t

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

Bidvest Group

Market Cap: €77.6b

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

Compagnie de Saint-Gobain

Market Cap: €34.3b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Lithia Motors

Market Cap: €5.9b

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

Enterprise Financial Services

Market Cap: €2.0b

Operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers in Arizona, California, Florida, Kansas, Missouri, Nevada, New Mexico, and in the United States.

PENN Entertainment

Market Cap: €1.9b

Provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally.

Robert Walters

Market Cap: €55.0m

Provides professional recruitment consultancy services worldwide.

Reynolds Consumer Products

Market Cap: €4.4b

Produces and sells products in cooking, serving, cleanup, and storage, and tableware product categories in the United States and internationally.

Tongcheng Travel Holdings

Market Cap: €42.6b

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

GFT Technologies

Market Cap: €437.8m

Provides digital transformation services.

A. O. Smith

Market Cap: €9.2b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Hoenle

Market Cap: €51.2m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Bertrandt

Market Cap: €149.0m

Provides engineering services.

Bosideng International Holdings

Market Cap: €46.0b

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

ProCredit Holding

Market Cap: €442.9m

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

Rainbow Tours

Market Cap: €1.9b

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

Andean Precious Metals

Market Cap: €973.9m

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

CENIT

Market Cap: €53.9m

Provides software solutions and associated software consulting and integration services.

Atalaya Mining Copper

Market Cap: €1.1b

Engages in the mineral exploration and development in Spain.

Ayvens

Market Cap: €7.7b

Provides service leasing and vehicle fleet management services in the France, Rest of Europe, Latin America, Asia, and internationally.

Wesdome Gold Mines

Market Cap: €3.5b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Brinker International

Market Cap: €6.4b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.