Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

China Mengniu Dairy

Market Cap: HK$64.5b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Beijing New Building Materials

Market Cap: CN¥45.7b

Manufactures and sells building materials in China and internationally.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.2b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥9.0b

Manufactures and sells steel structures and supporting products in China and internationally.

LX Semicon

Market Cap: ₩878.3b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Proya CosmeticsLtd

Market Cap: CN¥34.9b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Acrow

Market Cap: AU$323.4m

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

LKQ

Market Cap: US$8.2b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Grafton Group

Market Cap: €1.8b

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

Koenig & Bauer

Market Cap: €247.9m

Develops and manufactures printing and postprint systems worldwide.

Coca-Cola Içecek Anonim Sirketi

Market Cap: ₺144.1b

Engages in the production, sales, and distribution sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East.

Beazley

Market Cap: €4.8b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Robert Walters

Market Cap: €98.0m

Provides professional recruitment consultancy services worldwide.

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م34.0b

Together with its, provides corporate and retail banking services in Egypt.

Econocom Group

Market Cap: €301.0m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Aspen Pharmacare Holdings

Market Cap: €45.3b

Manufactures and markets specialty and branded pharmaceutical products in Africa, the Middle East, the Americas, Europe CIS, Australasia, and Asia.

Huron Consulting Group

Market Cap: US$2.2b

Provides consultancy and managed services in the United States and internationally.

Evonik Industries

Market Cap: €7.9b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

Regeneron Pharmaceuticals

Market Cap: €61.1b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

EVS Broadcast Equipment

Market Cap: €475.2m

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

Grand Pharmaceutical Group

Market Cap: €33.9b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Transcontinental

Market Cap: €1.7b

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

Veolia Environnement

Market Cap: €21.0b

Designs and provides water, waste, and energy management solutions.

q.beyond

Market Cap: €112.1m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Ero Copper

Market Cap: CA$2.1b

Engages in the exploration, development, and production of mining projects in Brazil.

Highwood Asset Management

Market Cap: CA$78.9m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

ProCredit Holding

Market Cap: €573.7m

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

Acrow

Market Cap: €323.4m

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

Arnoldo Mondadori Editore

Market Cap: €547.7m

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

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.

Capgemini

Market Cap: €21.1b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Prosegur Cash

Market Cap: €1.1b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.5b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Gecina

Market Cap: €6.4b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.0bn Euro as at June 30, 2025.