Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

Konecranes

Market Cap: €6.9b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Konecranes

Market Cap: €6.9b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Rithm Capital

Market Cap: US$4.9b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

CDW

Market Cap: €15.5b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

Carnival Corporation &

Market Cap: €33.4b

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

AXA

Market Cap: €75.6b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Sonoco Products

Market Cap: €5.0b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

Indivior Pharmaceuticals

Market Cap: €3.7b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

McBride

Market Cap: €243.0m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Genpact

Market Cap: €6.6b

Provides business process outsourcing and information technology services in India, the rest of Asia, North and Latin America, and Europe.

On the Beach Group

Market Cap: €227.5m

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

ANTA Sports Products

Market Cap: €214.4b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Andritz

Market Cap: €5.9b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Fibra UNO

Market Cap: Mex$102.5b

Fibra Uno is the first and largest REIT in the Mexican market.

Rainbow Tours

Market Cap: €1.9b

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

KBR

Market Cap: US$4.7b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Elior Group

Market Cap: €598.9m

Provides contract catering and support services in France, Europe, North America, and India.

Toll Brothers

Market Cap: US$12.5b

Designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States.

Rede D'Or São Luiz

Market Cap: R$82.1b

Engages in the provision of hospital services in Brazil.

Autoliv

Market Cap: US$7.5b

Through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in the Americas, Europe, China, and Asia.

Middleby

Market Cap: US$6.4b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.3b

Provides chemical supply chain solutions worldwide.

Aurelia Metals

Market Cap: AU$397.9m

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

Aux Electric

Market Cap: HK$15.5b

Engages in the manufacturing, sales, and marketing of air conditioners.

Ping An Bank

Market Cap: CN¥209.0b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

China Conch Venture Holdings

Market Cap: HK$19.7b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

Konica Minolta

Market Cap: JP¥245.8b

Engages in digital workplace, professional print, healthcare, and industry business in Japan, China, other Asian countries, the United States, Europe, and internationally.

Migros Ticaret

Market Cap: ₺105.7b

Engages in the retail sale of food and beverages, consumer, and durables goods in Turkey.

China Hongqiao Group

Market Cap: HK$344.3b

An investment holding company, manufactures and sells aluminum products.

Industrial Bank

Market Cap: CN¥397.7b

Provides banking products and services in the People’s Republic of China.

MCNEX

Market Cap: ₩385.4b

Manufactures and sells camera modules in South Korea and internationally.

Morimatsu International Holdings

Market Cap: HK$9.7b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

China Mengniu Dairy

Market Cap: HK$62.9b

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

GPT Group

Market Cap: AU$8.7b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.