Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Security Bank

Market Cap: ₱51.7b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Austevoll Seafood

Market Cap: NOK 19.3b

A seafood company, engages in the production of salmon and trout, white fish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Steelcase

Market Cap: US$1.1b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

Bidvest Group

Market Cap: €76.9b

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

FirstRand

Market Cap: €389.8b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

FinVolution Group

Market Cap: US$1.9b

Operates in the online consumer finance industry.

Finning International

Market Cap: US$5.0b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

Harley-Davidson

Market Cap: US$2.7b

Manufactures and sells motorcycles in the United States and internationally.

Absa Group

Market Cap: €141.8b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

ZimVie

Market Cap: US$257.6m

Develops, manufactures, and markets a portfolio of products and solutions designed to support dental tooth replacement and restoration procedures worldwide.

Casta Diva Group

Market Cap: €24.6m

Operates as a communication company in Italy and internationally.

MINISO Group Holding

Market Cap: €4.8b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Travel + Leisure

Market Cap: €2.7b

Provides hospitality services and travel products in the United States and internationally.

Jackson Financial

Market Cap: US$5.2b

Through its subsidiaries, provides suite of annuities to retail investors in the United States.

Asbury Automotive Group

Market Cap: US$4.3b

Operates as an automotive retailer in the United States.

CNB Financial

Market Cap: US$441.8m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

China Everbright Environment Group

Market Cap: €20.9b

An investment holding company, provides environmental solutions worldwide.

Regional Management

Market Cap: €305.6m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Capgemini

Market Cap: €21.6b

Engages in the provision of 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.

Global Dominion Access

Market Cap: €426.7m

Provides integral services for business process efficiency and sustainability worldwide.

Bombardier

Market Cap: US$8.3b

Engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide.

Hanmi Financial

Market Cap: US$640.7m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

Nilfisk Holding

Market Cap: €2.2b

Develops, manufactures, and sells cleaning solutions and services worldwide.

TELUS International (Cda)

Market Cap: CA$672.6m

Offers digital customer experience and digital solutions in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally.

Indivior

Market Cap: €859.0m

Develops, manufactures, and sells buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Bosideng International Holdings

Market Cap: €44.7b

Engages in the apparel business in the People’s Republic of China.

Transcontinental

Market Cap: CA$1.5b

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

Boyd Gaming

Market Cap: US$5.3b

Operates as a multi-jurisdictional gaming company in the United States and Canada.

Host Hotels & Resorts

Market Cap: US$9.5b

An S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

Sandoz Group

Market Cap: CHF 14.0b

Develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide.

IMI

Market Cap: UK£4.3b

An engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa.

Concentra Group Holdings Parent

Market Cap: US$2.6b

Provides occupational health services in the United States.

Kalmar Oyj

Market Cap: €1.6b

Engages in the provision of heavy material handling equipment and automated terminal solutions for ports, terminals, distribution centers, and heavy industry.