Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Pollard Banknote

Market Cap: €608.2m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Gamma Communications

Market Cap: UK£1.0b

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

Chorus Aviation

Market Cap: US$628.4m

Through its subsidiaries, provides aviation services.

Montea Comm. VA

Market Cap: €1.5b

Montea NV is a listed real estate company under Belgian law (GVV/SIR) that specializes in logistics property in Belgium, the Netherlands, France, and Germany.

ProCredit Holding

Market Cap: €572.5m

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

Globe Life

Market Cap: US$9.8b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

ACI Worldwide

Market Cap: US$4.6b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Singulus Technologies

Market Cap: €17.1m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

Magna Mining

Market Cap: US$353.6m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

Land Securities Group

Market Cap: UK£4.3b

Land Securities Group Plc is one of the leading real estate companies in the UK.

Axalta Coating Systems

Market Cap: US$6.7b

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.

Arnoldo Mondadori Editore

Market Cap: €556.8m

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

Brighthouse Financial

Market Cap: US$2.8b

Provides annuity and life insurance products in the United States.

Pearson

Market Cap: €6.9b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

Macfarlane Group

Market Cap: UK£155.9m

Through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe.

freenet

Market Cap: €3.2b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Intermediate Capital Group

Market Cap: UK£5.7b

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

CEWE Stiftung KGaA

Market Cap: €688.6m

Operates as a photo service and online printing provider in Germany and internationally.

DEME Group

Market Cap: €3.2b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

SergeFerrari Group

Market Cap: €63.7m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France 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.

Esprinet

Market Cap: €205.7m

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

ProCredit Holding

Market Cap: €572.5m

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

Burford Capital

Market Cap: US$3.1b

Provides legal finance products and services worldwide.

KWS SAAT SE KGaA

Market Cap: €2.0b

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

BWG

Market Cap: NOK 20.3b

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

Capgemini

Market Cap: €23.9b

Provides 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.

Fidelity National Financial

Market Cap: €14.5b

Provides various insurance products in the United States.

Copa Holdings

Market Cap: €4.6b

Through its subsidiaries, provides airline passenger and cargo transport services.

China Mengniu Dairy

Market Cap: €63.4b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Lenovo Group

Market Cap: €121.2b

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

MGM Resorts International

Market Cap: US$10.3b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

DOF Group

Market Cap: €22.7b

Owns and operates a fleet of offshore and subsea vessels.

Firan Technology Group

Market Cap: CA$294.3m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.