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.

Steelcase

Market Cap: US$1.1b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

Bidvest Group

Market Cap: €76.9b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

FinVolution Group

Market Cap: US$1.9b

Operates in the online consumer finance industry.

Finning International

Market Cap: US$5.0b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

Absa Group

Market Cap: €141.8b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

ZimVie

Market Cap: US$257.6m

Develops, manufactures, and markets a portfolio of products and solutions designed to support dental tooth replacement and restoration procedures worldwide.

Casta Diva Group

Market Cap: €24.6m

Operates as a communication company in Italy and internationally.

MINISO Group Holding

Market Cap: €4.8b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Asbury Automotive Group

Market Cap: US$4.3b

Operates as an automotive retailer in the United States.

China Everbright Environment Group

Market Cap: €20.9b

An investment holding company, provides environmental solutions worldwide.

Sandoz Group

Market Cap: CHF 14.0b

Develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide.

IMI

Market Cap: UK£4.3b

An engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa.

Regional Management

Market Cap: US$305.6m

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.

Eiffage

Market Cap: €10.5b

Engages in the construction, property development, urban development, civil engineering, metallic construction, roads, energy systems, and concessions businesses in France, rest of Europe, and internationally.

Meituan

Market Cap: US$818.2b

Operates as a technology retail company in the People’s Republic of China.

Ribbon Communications

Market Cap: US$620.3m

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

TD SYNNEX

Market Cap: US$8.7b

Operates as a distributor and solutions aggregator for the information technology (IT) ecosystem.

Nexus Industrial REIT

Market Cap: CA$626.6m

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.

Hokkaido Electric Power Company

Market Cap: €132.5b

Generates, transmits, and distributes electricity in Japan.

Alphabet

Market Cap: CHF 1.9t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Trigano

Market Cap: €1.9b

Designs, manufactures, markets, and sells leisure vehicles for individuals and professionals in Europe.

Senior

Market Cap: UK£516.2m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Montea Comm. VA

Market Cap: €1.4b

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

Tennant

Market Cap: US$1.3b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Montrose Environmental Group

Market Cap: US$494.3m

Operates as an environmental services company in the United States, Canada, and internationally.

GL Events

Market Cap: €614.2m

Provides venues and offices for events.

Central Asia Metals

Market Cap: €279.7m

Operates as a base metals producer.

Deutsche Post

Market Cap: €41.2b

Operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

MGM Resorts International

Market Cap: US$8.1b

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

Vanquis Banking Group

Market Cap: €155.8m

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

1st Source

Market Cap: US$1.4b

Operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States.

Card Factory

Market Cap: UK£315.7m

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

Harley-Davidson

Market Cap: €2.7b

Manufactures and sells motorcycles in the United States and internationally.