Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Pepper Money

Market Cap: €743.5m

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

Arnoldo Mondadori Editore

Market Cap: €538.2m

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

Perrigo

Market Cap: €1.5b

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

Barco

Market Cap: €741.0m

Develops visualization solutions, and collaboration and networking technologies for the entertainment, enterprise, and healthcare markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Compagnie de Saint-Gobain

Market Cap: €37.9b

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

Vusion

Market Cap: €2.2b

Engages in the provision of digitalization solutions for commerce in Europe, Asia, and North America.

Arcos Dorados Holdings

Market Cap: €1.9b

Operates as a franchisee of McDonald’s restaurants.

Grupa Pracuj

Market Cap: €3.1b

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

Yuexiu Transport Infrastructure

Market Cap: €6.6b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

DENTSPLY SIRONA

Market Cap: €2.0b

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

Bidvest Group

Market Cap: €80.7b

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

Bosideng International Holdings

Market Cap: €48.9b

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

Oji Holdings

Market Cap: €671.3b

Manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally.

Globus Medical

Market Cap: €11.2b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Research Solutions

Market Cap: €73.0m

Through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally.

Pollard Banknote

Market Cap: €435.2m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Lithia Motors

Market Cap: €6.7b

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

Valmet Oyj

Market Cap: €4.3b

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.

China Water Affairs Group

Market Cap: €7.7b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

ProCredit Holding

Market Cap: €477.1m

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

Cosmo Energy Holdings

Market Cap: €572.3b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

DOF Group

Market Cap: €29.0b

Owns and operates a fleet of offshore and subsea vessels.

Bank Mandiri (Persero)

Market Cap: €385.1t

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

Forward Air

Market Cap: €328.3m

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

Asahi Group Holdings

Market Cap: €2.2t

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

China Aviation Oil (Singapore)

Market Cap: €1.6b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Grafton Group

Market Cap: €1.6b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Atalaya Mining Copper

Market Cap: €1.3b

Engages in the mineral exploration and development in Spain.

Euroseas

Market Cap: US$465.7m

Provides ocean-going transportation services in Greece and internationally.

Prudential

Market Cap: UK£27.2b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Atmus Filtration Technologies

Market Cap: US$4.0b

Designs, manufactures, and sells filtration products under the Fleetguard brand in the United States and internationally.

Howden Joinery Group

Market Cap: UK£4.2b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Persimmon

Market Cap: UK£3.6b

Operates as a house builder in the United Kingdom.

Otis Worldwide

Market Cap: €27.5b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Northpointe Bancshares

Market Cap: €600.0m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.