Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Eiffage

Market Cap: €12.3b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Elixirr International

Market Cap: €302.2m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

Delta Air Lines

Market Cap: €41.2b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

q.beyond

Market Cap: €89.7m

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

Intrum

Market Cap: €5.1b

Provides payment solutions, and credit and collection services in Europe and internationally.

Copa Holdings

Market Cap: €4.5b

Through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean.

Forbo Holding

Market Cap: CHF 984.8m

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

CEWE Stiftung KGaA

Market Cap: €652.2m

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

Perrigo

Market Cap: €1.3b

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

Amphastar Pharmaceuticals

Market Cap: US$884.7m

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

Bonheur

Market Cap: NOK 9.7b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Duell Oyj

Market Cap: €11.7m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

Hellenic Telecommunications Organization

Market Cap: €6.7b

Engages in the provision of telecommunications and related services to residential and businesses in Greece and Romania.

Business First Bancshares

Market Cap: US$844.3m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Bilia

Market Cap: SEK 11.0b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxemburg, and Belgium.

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.

Oshkosh

Market Cap: US$8.8b

Provides purpose-built vehicles and equipment worldwide.

Angel Oak Mortgage REIT

Market Cap: US$201.8m

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.

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.

Kuaishou Technology

Market Cap: €234.2b

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

Gecina

Market Cap: €5.0b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Embla Medical hf

Market Cap: DKK 11.5b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Oracle Corporation Japan

Market Cap: €1.2t

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

Lithia Motors

Market Cap: €5.7b

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

Victrex

Market Cap: UK£469.2m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Talgo

Market Cap: €367.1m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Gap

Market Cap: US$8.9b

Operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally.

Abercrombie & Fitch

Market Cap: US$4.0b

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

Aegon

Market Cap: €9.0b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

EVS Broadcast Equipment

Market Cap: €437.0m

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

ACM Research

Market Cap: €2.9b

Develops, manufactures, and sells capital equipment in Mainland China and internationally.

Banca IFIS

Market Cap: €1.3b

Provides financial services and solutions for enterprises.

Aston Martin Lagonda Global Holdings

Market Cap: €371.6m

Engages in the design, development, manufacture, and marketing of luxury sports cars in the United Kingdom, the Americas, the Middle East, Africa, rest of Europe, and the Asia Pacific.

Sabre

Market Cap: €521.6m

Operates as a software and technology company for the travel industry in the United States, Europe, Asia-Pacific, and internationally.

Corebridge Financial

Market Cap: €11.2b

Provides retirement solutions and insurance products in the United States.