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.

Transcontinental

Market Cap: €1.6b

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

Mears Group

Market Cap: €344.2m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Coca-Cola Içecek Anonim Sirketi

Market Cap: ₺144.7b

Engages in the production, sales, and distribution of sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East.

Carlsberg

Market Cap: US$110.7b

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

ACI Worldwide

Market Cap: US$4.5b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Ribbon Communications

Market Cap: US$669.4m

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

Rainbow Tours

Market Cap: €1.9b

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

Austevoll Seafood

Market Cap: NOK 20.0b

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.

q.beyond

Market Cap: €113.4m

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

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Valeura Energy

Market Cap: €876.4m

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

Olin

Market Cap: US$2.2b

Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada.

Econocom Group

Market Cap: €305.0m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

TotalEnergies

Market Cap: €116.1b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Arcadis

Market Cap: €3.7b

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

Perrigo

Market Cap: €3.1b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

lastminute.com

Market Cap: CHF 175.2m

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

Plumas Bancorp

Market Cap: US$280.2m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Vetoquinol

Market Cap: €877.6m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products in Europe, the Americas, and the Asia Pacific region.

Morgan Advanced Materials

Market Cap: UK£553.7m

Manufactures and sells various carbon and ceramic products.

Amneal Pharmaceuticals

Market Cap: €2.6b

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

Serabi Gold

Market Cap: CA$153.7m

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

Sanofi

Market Cap: €98.7b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Singulus Technologies

Market Cap: €14.9m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

FNM

Market Cap: €180.9m

Engages in the railway mobility business in Italy.

Bidvest Group

Market Cap: €78.4b

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

Torex Gold Resources

Market Cap: US$3.6b

Operates as an intermediate gold producer.

Bank Mandiri (Persero)

Market Cap: €435.9t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

CES Energy Solutions

Market Cap: €1.6b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Quest Resource Holding

Market Cap: €42.0m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

Premier Foods

Market Cap: UK£1.6b

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

ProCredit Holding

Market Cap: €551.3m

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

DENTSPLY SIRONA

Market Cap: €2.6b

Develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide.

Merchants Bancorp

Market Cap: US$1.4b

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