Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

ARYZTA

Market Cap: CHF 1.3b

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

Carlsberg

Market Cap: US$113.1b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Aurelia Metals

Market Cap: AU$431.6m

Engages in the exploration and production of mineral properties in Australia.

ProSiebenSat.1 Media

Market Cap: €1.1b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

C&D International Investment Group

Market Cap: HK$34.5b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Chambal Fertilisers and Chemicals

Market Cap: ₹192.3b

Produces and sells fertilizers primarily in India.

Fosun International

Market Cap: HK$35.9b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

China Construction Bank

Market Cap: HK$2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Cheniere Energy

Market Cap: €42.6b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Demant

Market Cap: DKK 45.5b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Ventura Offshore Holding

Market Cap: NOK 2.0b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

United Bank for Africa

Market Cap: ₦1.8t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Sanofi

Market Cap: €100.2b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

China Overseas Property Holdings

Market Cap: HK$15.0b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Auto Trader Group

Market Cap: UK£4.9b

Operates an automotive platform in the United Kingdom.

Kimberly-Clark

Market Cap: €33.7b

Manufactures and markets personal care products in the United States.

Capgemini

Market Cap: €23.7b

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.

Cabka

Market Cap: €43.6m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Honeywell International

Market Cap: €124.4b

Engages in the aerospace technologies, industrial automation, building automation, and energy and sustainable solutions businesses in the United States, Europe, and internationally.

CellaVision

Market Cap: SEK 3.6b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

DaVita

Market Cap: €8.1b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Koenig & Bauer

Market Cap: €178.5m

Develops and manufactures printing and postprint systems worldwide.

ICG

Market Cap: UK£5.9b

A private equity firm specializing in direct and fund of fund investments.

q.beyond

Market Cap: €85.5m

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

Gecina

Market Cap: €5.9b

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

L.D.C

Market Cap: €3.1b

Produces and sells poultry and processed products in France and internationally.

China Resources Land

Market Cap: HK$197.7b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Suzano

Market Cap: R$64.1b

Manufactures and sells pulp and paper products in Brazil and internationally.

GEO Group

Market Cap: €2.2b

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom.

On the Beach Group

Market Cap: €322.4m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Taylor Morrison Home

Market Cap: €5.7b

Operates as a land developer and homebuilder in the United States.

Crown Castle

Market Cap: US$38.6b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.