Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Regeneron Pharmaceuticals

Market Cap: €62.3b

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

CENIT

Market Cap: €68.8m

Provides software solutions and integration services.

Pepper Money

Market Cap: €725.5m

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

Transcontinental

Market Cap: €437.3m

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

Fresenius SE KGaA

Market Cap: €21.2b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Torex Gold Resources

Market Cap: US$5.3b

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

ARYZTA

Market Cap: CHF 1.5b

Provides products and services for in-store bakery solutions in Europe and internationally.

Forward Air

Market Cap: €421.6m

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

HORNBACH Holding KGaA

Market Cap: €1.3b

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

MINISO Group Holding

Market Cap: €4.0b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Intred

Market Cap: €144.5m

A telecommunications operator, provides data and voice services in Italy.

Hannover Rück

Market Cap: €27.5b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Acrow

Market Cap: €286.6m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Hollywood Bowl Group

Market Cap: UK£504.6m

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

Pegasystems

Market Cap: €5.5b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

HORNBACH Holding KGaA

Market Cap: €1.3b

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

bioMérieux

Market Cap: €8.0b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Vontier

Market Cap: €4.1b

Provides mobility ecosystem solutions worldwide.

China Life Insurance

Market Cap: US$1.1t

Operates as a life insurance company in the People’s Republic of China.

Pharma Mar

Market Cap: €1.2b

A biopharmaceutical company, focuses on the research, development, production, and commercialization of bio-active principles for the use in oncology in Spain, Germany, Ireland, France, Switzerland, rest of the European Union, the United States, and internationally.

Antero Resources

Market Cap: US$10.8b

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.

AMG Critical Materials

Market Cap: €1.3b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Arjo

Market Cap: SEK 6.6b

Develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia, Latin America, Africa, and the Pacific.

DNO

Market Cap: NOK 18.2b

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

Middleby

Market Cap: US$7.2b

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

Embla Medical hf

Market Cap: DKK 11.4b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Grupa Pracuj

Market Cap: zł3.3b

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

Oshkosh

Market Cap: US$8.4b

Provides purpose-built vehicles and equipment worldwide.

Eiffage

Market Cap: €12.0b

Engages in the construction and concessions businesses in France, Germany, Europe, and internationally.

Finning International

Market Cap: US$12.6b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

EVS Broadcast Equipment

Market Cap: €403.3m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

NetEase

Market Cap: €636.9b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Husqvarna

Market Cap: SEK 23.6b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.