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.

Ultimate Products

Market Cap: €63.6m

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

L.D.C

Market Cap: €2.4b

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

Fortune Brands Innovations

Market Cap: US$7.6b

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.

Arkema

Market Cap: €6.3b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Arnoldo Mondadori Editore

Market Cap: €559.4m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Renew Holdings

Market Cap: €535.1m

Provides engineering services in the United Kingdom.

M.P. Evans Group

Market Cap: €499.5m

Through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia.

Galaxy Digital Holdings

Market Cap: €6.2b

Engages in the digital asset and blockchain businesses.

Regional Management

Market Cap: €292.9m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Taylor Morrison Home

Market Cap: €6.0b

Operates as a land developer and homebuilder in the United States.

Card Factory

Market Cap: UK£290.2m

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

Cosmo Energy Holdings

Market Cap: €557.1b

Through its subsidiaries, engages in the oil business in Japan and internationally.

Fomento de Construcciones y Contratas

Market Cap: €4.7b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

Otsuka Holdings

Market Cap: €4.1t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Crocs

Market Cap: €5.5b

Designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under the Crocs and HEYDUDE Brands in the United States and internationally.

Invesco

Market Cap: €6.8b

A publicly owned investment manager.

Lithia Motors

Market Cap: €7.8b

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

Leidos Holdings

Market Cap: €17.6b

Provides services and solutions for government and commercial customers in the United States and internationally.

Teradata

Market Cap: €2.1b

Provides a connected hybrid cloud analytics and data platform in the United States and internationally.

Vallourec

Market Cap: €4.1b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Fortrea Holdings

Market Cap: €871.3m

A contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide.

Hostelworld Group

Market Cap: €152.7m

Operates as an online travel agent focused on the hostel market worldwide.

Bosideng International Holdings

Market Cap: €49.3b

Engages in the apparel business in the People’s Republic of China.

Sangoma Technologies

Market Cap: US$219.0m

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

Menicon

Market Cap: €101.5b

Manufactures and sells contact lenses and lens care products.

Lenovo Group

Market Cap: €145.1b

An investment holding company, develops, manufactures, and markets technology products and services.

Ultimate Products

Market Cap: UK£63.6m

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

Timken

Market Cap: €5.2b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Reynolds Consumer Products

Market Cap: €4.9b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

Quest Resource Holding

Market Cap: €61.2m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

First Mid Bancshares

Market Cap: US$850.2m

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

Vanquis Banking Group

Market Cap: €138.0m

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

Centerra Gold

Market Cap: €1.8b

Engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally.