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: €754.7m

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

Bidvest Group

Market Cap: €77.2b

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

Kuaishou Technology

Market Cap: €229.8b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: €52.5t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

A. O. Smith

Market Cap: €9.0b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

GFT Technologies

Market Cap: €438.4m

Provides digital transformation services.

Hoenle

Market Cap: €52.0m

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

Forward Air

Market Cap: €504.9m

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

Tokuyama

Market Cap: €267.8b

Produces and sells various chemical products in Japan.

China Aviation Oil (Singapore)

Market Cap: €1.8b

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

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.

Bertrandt

Market Cap: €150.6m

Provides engineering services.

Bank7

Market Cap: €379.8m

Operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers.

Hollywood Bowl Group

Market Cap: UK£406.4m

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

Blue Bird

Market Cap: US$1.8b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Arnoldo Mondadori Editore

Market Cap: €516.7m

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

Brinker International

Market Cap: €6.6b

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

Carmila

Market Cap: €2.3b

A leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy.

Pollard Banknote

Market Cap: €484.8m

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

Montea Comm. VA

Market Cap: €1.5b

A listed real estate company under Belgian law that specializes in logistics property in Belgium, the Netherlands, France, and Germany.

Compagnie de Saint-Gobain

Market Cap: €35.0b

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

Oracle Corporation Japan

Market Cap: €1.1t

Provides software, hardware, and cloud products and solutions in Japan.

Lithia Motors

Market Cap: €5.9b

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

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Perrigo

Market Cap: €1.3b

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

CEWE Stiftung KGaA

Market Cap: €653.8m

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

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sell of floor coverings, building and construction adhesives, and belt for power transmission and conveyor technology worldwide.

Enovis

Market Cap: €1.3b

A medical technology company, focuses on developing clinically differentiated solutions in the United States and internationally.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Asahi Group Holdings

Market Cap: €2.3t

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

Green Thumb Industries

Market Cap: €2.1b

Manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States.

American Integrity Insurance Group

Market Cap: €377.7m

Operates as an insurance company in the United States.

ProCredit Holding

Market Cap: €455.9m

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

Rainbow Tours

Market Cap: €1.9b

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

Safran

Market Cap: €119.7b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.