Global Potentially Undervalued Companies

Gecina

Market Cap: €5.9b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Assetwise

Market Cap: ฿5.4b

Engages in property development and other real estate activities in Thailand.

United Bank for Africa

Market Cap: ₦1.6t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Koenig & Bauer

Market Cap: €168.6m

Develops and manufactures printing and postprint systems worldwide.

Axalta Coating Systems

Market Cap: US$6.2b

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.

Chorus Aviation

Market Cap: CA$534.0m

Through its subsidiaries, provides aviation services.

Aspen Pharmacare Holdings

Market Cap: €42.1b

Manufactures and markets specialty and branded pharmaceutical products in Africa, the Middle East, the Americas, Europe CIS, Australasia, and Asia.

DOF Group

Market Cap: €23.6b

Owns and operates a fleet of offshore and subsea vessels.

Prosegur Cash

Market Cap: €928.8m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Cardlytics

Market Cap: US$65.4m

Operates an advertising platform in the United States and the United Kingdom.

Quanex Building Products

Market Cap: US$623.1m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

H.I.S

Market Cap: €94.0b

Provides travel agency services internationally.

Skymark Airlines

Market Cap: €22.2b

Provides scheduled air transportation services.

Calfrac Well Services

Market Cap: US$286.9m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Silgan Holdings

Market Cap: US$4.1b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

LKQ

Market Cap: US$7.4b

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.

MINISO Group Holding

Market Cap: €5.9b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Beazley

Market Cap: €4.6b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

China Mengniu Dairy

Market Cap: €56.9b

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

Robert Walters

Market Cap: €96.7m

Provides professional recruitment consultancy services worldwide.

Befesa

Market Cap: €1.1b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

American Integrity Insurance Group

Market Cap: €403.7m

Operates as an insurance company.

Cheniere Energy

Market Cap: €44.7b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Euroseas

Market Cap: US$437.7m

Provides ocean-going transportation services worldwide.

Compagnie de Saint-Gobain

Market Cap: €42.8b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Pearson

Market Cap: €6.3b

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

F5

Market Cap: €14.1b

Provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region.

Kuaishou Technology

Market Cap: €299.0b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Nilfisk Holding

Market Cap: €2.8b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Kimco Realty

Market Cap: US$13.8b

Kimco Realty (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States.

NETGEAR

Market Cap: US$763.8m

Provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Spectrum Brands Holdings

Market Cap: €1.3b

Operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, Latin America, and Asia-Pacific regions.

LPKF Laser & Electronics

Market Cap: €137.7m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

Flowco Holdings

Market Cap: US$1.6b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Hikma Pharmaceuticals

Market Cap: €3.5b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.