U.K. Potentially Undervalued Companies

OSB Group

Market Cap: UK£2.0b

Through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.

Huhtamäki Oyj

Market Cap: €2.9b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

A.G. BARR

Market Cap: UK£718.0m

Manufactures, distributes, and sells soft drinks and cocktail solutions in the United Kingdom and internationally.

Sword Group

Market Cap: €319.0m

Provides IT and software solutions in Luxembourg, Europe, and Asia.

ICG

Market Cap: UK£5.3b

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

ProCredit Holding

Market Cap: €503.6m

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

Prudential

Market Cap: UK£28.3b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Arcadis

Market Cap: €2.7b

Engages in the design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Talgo

Market Cap: €373.1m

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

Prosegur Cash

Market Cap: €931.6m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally.

Middleby

Market Cap: US$6.6b

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

Bytes Technology Group

Market Cap: UK£744.6m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Forbo Holding

Market Cap: CHF 1.0b

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

Compagnie Chargeurs Invest

Market Cap: €204.2m

Operates as an industrial and financial company in France, Italy, Germany, the United States, Mainland China, Hong Kong, the United Kingdom, and internationally.

Imperial Brands

Market Cap: UK£21.4b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Mears Group

Market Cap: UK£332.1m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Bertrandt

Market Cap: €159.7m

Provides engineering services.

Equasens Société anonyme

Market Cap: €615.5m

Provides healthcare IT solutions in Europe.

Accenture

Market Cap: US$116.7b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

NatWest Group

Market Cap: UK£47.2b

Provides banking and financial products and services in the United Kingdom and internationally.

Persimmon

Market Cap: UK£3.6b

Operates as a house builder in the United Kingdom.

Banca IFIS

Market Cap: €1.4b

Provides financial services and solutions for enterprises.

Hollywood Bowl Group

Market Cap: UK£449.3m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and Canada.

Axalta Coating Systems

Market Cap: US$6.4b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Gamma Communications

Market Cap: UK£851.1m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

DNO

Market Cap: NOK 18.0b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

HORNBACH Holding KGaA

Market Cap: €1.3b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Pharming Group

Market Cap: €1.0b

A biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally.

Universal Health Services

Market Cap: US$11.0b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Rithm Capital

Market Cap: US$5.7b

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

Tecan Group

Market Cap: CHF 1.7b

Provides laboratory instruments and solutions in biopharmaceuticals, forensics, and clinical diagnostics in Europe, North America, Asia, and internationally.

Clariant

Market Cap: CHF 3.6b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Bonava

Market Cap: SEK 3.0b

Operates as a residential developer in Germany, Sweden, Finland, Estonia, Latvia, and Lithuania.

On the Beach Group

Market Cap: UK£256.5m

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

Barco

Market Cap: €759.8m

Develops visualization solutions, and collaboration and networking technologies for the entertainment, enterprise, and healthcare markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Laurent-Perrier

Market Cap: €506.2m

Produces and sells champagne in France.