Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Antero Resources

Market Cap: US$10.7b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Geely Automobile Holdings

Market Cap: US$208.3b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Kemira Oyj

Market Cap: €2.4b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

CENIT

Market Cap: €69.3m

Provides software solutions and integration services.

IAMGOLD

Market Cap: CA$12.4b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

High Tide

Market Cap: CA$287.4m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Andean Precious Metals

Market Cap: €816.3m

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

Arcos Dorados Holdings

Market Cap: €1.7b

Operates as a franchisee of McDonald’s restaurants.

TAL Education Group

Market Cap: €5.6b

Provides K-12 after-school tutoring services in the People’s Republic of China.

XP

Market Cap: US$8.0b

Engages in the provision of financial products and services in Brazil.

CEWE Stiftung KGaA

Market Cap: €640.0m

Operates as a photo service and online printing provider in Germany and internationally.

Bouvet

Market Cap: €4.6b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Tingyi (Cayman Islands) Holding

Market Cap: €59.9b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Pepper Money

Market Cap: €734.5m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Mears Group

Market Cap: €342.1m

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

Arnoldo Mondadori Editore

Market Cap: €539.5m

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

Valmet Oyj

Market Cap: €4.0b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Lithia Motors

Market Cap: €6.9b

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

Addus HomeCare

Market Cap: US$1.7b

Provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States.

Pentair

Market Cap: €12.1b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

Forward Air

Market Cap: €367.8m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Bank Mandiri (Persero)

Market Cap: €397.2t

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

HORNBACH Holding KGaA

Market Cap: €1.2b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Huron Consulting Group

Market Cap: US$1.7b

Provides global professional services in the United States and internationally.

China Everbright Environment Group

Market Cap: €30.4b

An investment holding company, provides environmental solutions worldwide.

Bosideng International Holdings

Market Cap: €49.5b

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

Torex Gold Resources

Market Cap: US$5.1b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Regional Management

Market Cap: €333.2m

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.

Regeneron Pharmaceuticals

Market Cap: €62.7b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines to treat various diseases worldwide.

Regis Resources

Market Cap: US$4.2b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Brinker International

Market Cap: €6.5b

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

ACI Worldwide

Market Cap: US$4.3b

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

Perrigo

Market Cap: €1.5b

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

Laird Superfood

Market Cap: US$37.0m

Manufactures and markets plant-based natural and functional food in the United States.

Indivior Pharmaceuticals

Market Cap: €4.7b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.