Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Royal Caribbean Cruises

Market Cap: €71.3b

Operates as a cruise company worldwide.

PTC

Market Cap: US$16.3b

Operates as software company in the Americas, Europe, and the Asia Pacific.

Hoenle

Market Cap: €54.1m

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

Fresenius SE KGaA

Market Cap: €22.7b

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

Abercrombie & Fitch

Market Cap: US$3.9b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Yalla Group

Market Cap: US$1.0b

Operates a social networking and gaming platform in the Middle East and North Africa region.

Angel Oak Mortgage REIT

Market Cap: US$226.7m

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.

Slide Insurance Holdings

Market Cap: US$2.3b

Provides property and casualty insurance services in the United States.

Tongcheng Travel Holdings

Market Cap: €40.7b

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

Barco

Market Cap: €767.1m

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.

Arnoldo Mondadori Editore

Market Cap: €542.1m

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

Mears Group

Market Cap: €333.4m

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

Lithia Motors

Market Cap: €6.4b

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

Bertrandt

Market Cap: €134.4m

Provides engineering services.

Brinker International

Market Cap: €6.0b

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

CENIT

Market Cap: €54.9m

Provides software solutions and associated software consulting and integration services.

SergeFerrari Group

Market Cap: €76.5m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

Transcontinental

Market Cap: €455.0m

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

Man Wah Holdings

Market Cap: €16.6b

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.

Bank Mandiri (Persero)

Market Cap: €410.3t

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

Cosmo Energy Holdings

Market Cap: €604.1b

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

Akzo Nobel

Market Cap: €8.8b

Produces and sells paints and coatings worldwide.

GFT Technologies

Market Cap: €476.5m

Provides digital transformation services.

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.

Carnival Corporation &

Market Cap: €37.5b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

American Integrity Insurance Group

Market Cap: €385.2m

Operates as an insurance company in the United States.

Brinker International

Market Cap: €6.0b

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

JOYY

Market Cap: US$2.9b

Engages in the provision of social product matrix and communication technology.

Atalaya Mining Copper

Market Cap: €1.2b

Engages in the mineral exploration and development in Spain.

China Hongqiao Group

Market Cap: €347.7b

An investment holding company, manufactures and sells aluminum products.

ProCredit Holding

Market Cap: €487.1m

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

Prudential

Market Cap: UK£28.0b

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

Sleep Cycle

Market Cap: €378.8m

Engages in the development of sleep analysis applications in Sweden and internationally.

Hollywood Bowl Group

Market Cap: UK£436.7m

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