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.

Hollywood Bowl Group

Market Cap: UK£432.5m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Evonik Industries

Market Cap: €7.8b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

Copa Holdings

Market Cap: €4.9b

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

Persimmon

Market Cap: UK£3.6b

Operates as a house builder in the United Kingdom.

Flowco Holdings

Market Cap: US$1.5b

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

CEWE Stiftung KGaA

Market Cap: €685.1m

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

Corebridge Financial

Market Cap: €17.9b

Provides retirement solutions and insurance products in the United States.

Geely Automobile Holdings

Market Cap: US$190.3b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Bidvest Group

Market Cap: €78.8b

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

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م33.7b

Together with its, provides corporate and retail banking services in Egypt.

Arnoldo Mondadori Editore

Market Cap: €526.9m

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

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

CES Energy Solutions

Market Cap: €1.6b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Hanmi Financial

Market Cap: US$679.8m

Operates as the holding company for Hanmi Bank that provides business banking products and services 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.

Rainbow Tours

Market Cap: €1.9b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Aptiv

Market Cap: US$14.6b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

DOF Group

Market Cap: €23.2b

Owns and operates a fleet of offshore and subsea vessels.

Thungela Resources

Market Cap: €12.0b

Engages in the mining and production of thermal coal in South Africa and Australia.

Perrigo

Market Cap: €3.1b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

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.

Teva Pharmaceutical Industries

Market Cap: €18.8b

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

Ribbon Communications

Market Cap: US$671.1m

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

Tsingtao Brewery

Market Cap: €85.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Taseko Mines

Market Cap: US$1.4b

A mining company, acquires, develops, and operates mineral properties.

Huron Consulting Group

Market Cap: US$2.1b

Provides consultancy and managed services in the United States and internationally.

Surgery Partners

Market Cap: US$3.0b

Owns and operates a network of surgical facilities and ancillary services in the United States.

Teradata

Market Cap: €1.9b

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

Pollard Banknote

Market Cap: €577.9m

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

Quest Resource Holding

Market Cap: €42.3m

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

Angel Oak Mortgage REIT

Market Cap: US$217.0m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Torex Gold Resources

Market Cap: US$3.5b

Operates as an intermediate gold producer.

Corpovael. de

Market Cap: Mex$1.0b

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Luceco

Market Cap: €192.8m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.