Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in 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.

Leggett & Platt

Market Cap: US$1.1b

Designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.

Euroseas

Market Cap: US$220.0m

Provides ocean-going transportation services worldwide.

Keppel

Market Cap: €12.4b

An investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally.

Preferred Bank

Market Cap: US$1.1b

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

Host Hotels & Resorts

Market Cap: US$10.6b

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.

Card Factory

Market Cap: UK£287.5m

Operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally.

Morgan Advanced Materials

Market Cap: €577.7m

Operates as a materials science and application engineering company primarily the United Kingdom.

Murphy Oil

Market Cap: US$3.9b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.

Whitecap Resources

Market Cap: US$5.5b

Engages in the acquisition, development, and production of petroleum and natural gas properties and assets in Western Canada.

DEME Group

Market Cap: €3.4b

Provides marine solutions in the fields of dredging, land reclamation, marine infrastructure, offshore energy, and environmental remediation.

Royalty Pharma

Market Cap: €19.3b

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

LKQ

Market Cap: US$10.6b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

SFL

Market Cap: €1.1b

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.

DENTSPLY SIRONA

Market Cap: €3.1b

Develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide.

Target

Market Cap: €47.5b

Operates as a general merchandise retailer in the United States.

DFI Retail Group Holdings

Market Cap: US$3.0b

Operates as a retailer in Asia.

Nexus Industrial REIT

Market Cap: CA$658.2m

A growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Ultimate Products

Market Cap: €62.7m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

ProCredit Holding

Market Cap: €573.7m

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

Sangoma Technologies

Market Cap: US$223.1m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Ribbon Communications

Market Cap: US$704.7m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Oshkosh

Market Cap: US$6.3b

Provides purpose-built vehicles and equipment worldwide.

ACT Energy Technologies

Market Cap: CA$183.1m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Woodside Energy Group

Market Cap: €43.5b

Engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe.

Teva Pharmaceutical Industries

Market Cap: €18.6b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

BWG

Market Cap: NOK 18.4b

An investment holding company, engages in ship owning and chartering activities worldwide.

Carnival Corporation &

Market Cap: €27.4b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Douglas Dynamics

Market Cap: US$554.9m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.

Capgemini

Market Cap: €24.8b

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.

Yuexiu Transport Infrastructure

Market Cap: €6.3b

Invests in, constructs, develops, operates, and manages toll expressways and bridges in the People’s Republic of China.

Orion Group Holdings

Market Cap: US$229.6m

Operates as a specialty construction company in the infrastructure, industrial, and building sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin.

L.D.C

Market Cap: €2.4b

Produces and sells poultry and processed products in France and internationally.

Daimler Truck Holding

Market Cap: €29.9b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.