U.K. Potentially Undervalued Companies

Vetoquinol

Market Cap: €807.7m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products for cattle, pigs, dogs, and cats in Europe, the Americas, and the Asia Pacific region.

Hollywood Bowl Group

Market Cap: UK£472.7m

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

ProCredit Holding

Market Cap: €440.0m

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

Montea Comm. VA

Market Cap: €1.5b

A listed real estate company under Belgian law that specializes in logistics property in Belgium, the Netherlands, France, and Germany.

FRP Advisory Group

Market Cap: UK£282.7m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

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.

ICG

Market Cap: UK£5.1b

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

Mears Group

Market Cap: UK£337.3m

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

Koninklijke Philips

Market Cap: €21.6b

Operates as a health technology company in North America, the Greater China, and internationally.

Premier Foods

Market Cap: UK£1.7b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

EVS Broadcast Equipment

Market Cap: €396.5m

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

Prosegur Cash

Market Cap: €883.4m

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

HORNBACH Holding KGaA

Market Cap: €1.2b

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

bioMérieux

Market Cap: €8.6b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Gamma Communications

Market Cap: UK£853.9m

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

OSB Group

Market Cap: UK£1.7b

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

Hannover Rück

Market Cap: €27.4b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Howden Joinery Group

Market Cap: UK£4.2b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

INDUS Holding

Market Cap: €674.7m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Prudential

Market Cap: UK£23.8b

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

NatWest Group

Market Cap: UK£47.2b

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

Heidelberg Materials

Market Cap: €31.6b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Jerónimo Martins SGPS

Market Cap: €11.1b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Talgo

Market Cap: €368.7m

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

Sword Group

Market Cap: €302.0m

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

Arcadis

Market Cap: €3.0b

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.

Shell

Market Cap: UK£180.1b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Western Union

Market Cap: US$2.3b

Provides money movement payments, and digital financial services in the United States and internationally.

Westwing Group

Market Cap: €273.6m

Operates as an e-commerce retailer in the home and living sector.

Equasens Société anonyme

Market Cap: €579.5m

Provides healthcare IT solutions in Europe.

Talanx

Market Cap: €25.5b

Provides insurance and reinsurance products and services worldwide.

4imprint Group

Market Cap: UK£1.1b

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

KWS SAAT SE KGaA

Market Cap: €2.3b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

AMG Critical Materials

Market Cap: €1.3b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

CENIT

Market Cap: €71.5m

Provides software solutions and integration services.

Kinross Gold

Market Cap: CA$43.6b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.