U.K. Potentially Undervalued Companies

DNO

Market Cap: NOK 17.8b

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

OSB Group

Market Cap: UK£2.0b

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

Arcadis

Market Cap: €2.8b

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.

Bytes Technology Group

Market Cap: UK£740.3m

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

ICG

Market Cap: UK£5.2b

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

Prosegur Cash

Market Cap: €927.3m

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

Compagnie Chargeurs Invest

Market Cap: €205.1m

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

FRP Advisory Group

Market Cap: UK£287.5m

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

Sword Group

Market Cap: €319.9m

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

Prudential

Market Cap: UK£28.0b

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

Mears Group

Market Cap: UK£326.9m

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

Persimmon

Market Cap: UK£3.7b

Operates as a house builder in the United Kingdom.

ProCredit Holding

Market Cap: €520.7m

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

Pharming Group

Market Cap: €1.1b

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.

Gamma Communications

Market Cap: UK£840.7m

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

NatWest Group

Market Cap: UK£48.4b

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

Accenture

Market Cap: US$119.8b

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

Equasens Société anonyme

Market Cap: €627.6m

Provides healthcare IT solutions in Europe.

Forbo Holding

Market Cap: CHF 1.1b

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

Hollywood Bowl Group

Market Cap: UK£439.2m

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

Banca IFIS

Market Cap: €1.4b

Provides financial services and solutions for enterprises.

Bertrandt

Market Cap: €156.6m

Provides engineering services.

Imperial Brands

Market Cap: UK£21.7b

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

Middleby

Market Cap: US$6.8b

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

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.

Axalta Coating Systems

Market Cap: US$6.3b

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.

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.

Barco

Market Cap: €792.7m

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.

Navigator Company

Market Cap: €2.4b

Manufactures and markets pulp and paper products worldwide.

Modern Times Group MTG

Market Cap: SEK 12.1b

Through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand.

Vidrala

Market Cap: €2.8b

Engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

McBride

Market Cap: UK£280.4m

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.

On the Beach Group

Market Cap: UK£262.6m

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

Johnson Service Group

Market Cap: UK£510.4m

Provides textile rental and related services in the United Kingdom and Ireland.

Paragon Banking Group

Market Cap: UK£1.5b

Provides financial products and services in the United Kingdom.