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.

Trajan Group Holdings

Market Cap: AU$120.4m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Bombardier

Market Cap: US$8.3b

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

TELUS International (Cda)

Market Cap: CA$686.4m

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

AB Volvo

Market Cap: US$520.8b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Enovis

Market Cap: US$1.8b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

Ag Growth International

Market Cap: CA$615.5m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

Cenovus Energy

Market Cap: US$29.2b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

Neosperience

Market Cap: €10.0m

Develops cloud-based software platform in Italy.

ANTA Sports Products

Market Cap: €246.1b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Red Rock Resorts

Market Cap: US$4.2b

Through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.

TEGNA

Market Cap: US$2.5b

Operates as a journalism company in the United States.

PACCAR

Market Cap: US$47.0b

Designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally.

Datalogic

Market Cap: €211.1m

Manufactures and sells automatic data capture and process automation products in Italy, the Americas, the Asia Pacific, rest of Europe, the Middle East, and Africa.

Aica Kogyo Company

Market Cap: €204.0b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

PLDT

Market Cap: US$277.4b

Provides telecommunications and digital services in the Philippines.

Lithia Motors

Market Cap: €7.6b

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

Hammond Power Solutions

Market Cap: €941.0m

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Enovis

Market Cap: €1.8b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

Preferred Bank

Market Cap: US$1.0b

Provides various banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals.

SFL

Market Cap: €1.0b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Avantor

Market Cap: US$10.6b

Engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa.

Esprinet

Market Cap: €243.8m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Luceco

Market Cap: €184.8m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

Sanofi

Market Cap: €112.1b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Pepper Money

Market Cap: €597.2m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Royalty Pharma

Market Cap: €18.6b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Hamilton Insurance Group

Market Cap: US$1.9b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

Nordex

Market Cap: €3.7b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

Fortune Brands Innovations

Market Cap: US$6.3b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Vanquis Banking Group

Market Cap: UK£145.4m

Engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland.

RioCan Real Estate Investment Trust

Market Cap: CA$4.9b

RioCan is one of Canada’s largest real estate investment trusts.

East West Bancorp

Market Cap: US$10.3b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

CES Energy Solutions

Market Cap: €1.4b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.