Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

MINISO Group Holding

Market Cap: €6.5b

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.

Alaris Equity Partners Income Trust

Market Cap: €880.0m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Wesdome Gold Mines

Market Cap: €3.1b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Indofood Sukses Makmur

Market Cap: €62.3t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Havas

Market Cap: €1.4b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Benefit Systems

Market Cap: €9.8b

Provides non-pay employee benefits solutions in Poland, Czech Republic, Slovakia, Bulgaria, Croatia, and Turkey.

McBride

Market Cap: €199.6m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Valeura Energy

Market Cap: €756.5m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Intrum

Market Cap: €5.3b

Provides payment solutions, and credit and collection services in Europe and internationally.

Asahi Group Holdings

Market Cap: €2.6t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Lithia Motors

Market Cap: €7.1b

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

Rainbow Tours

Market Cap: €1.8b

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

Robert Walters

Market Cap: €89.8m

Provides professional recruitment consultancy services worldwide.

Arnoldo Mondadori Editore

Market Cap: €539.9m

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

Bertrandt

Market Cap: €183.9m

Provides engineering services.

Regional Management

Market Cap: €364.9m

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.

Skymark Airlines

Market Cap: €23.9b

Provides scheduled air transportation services.

Aica Kogyo Company

Market Cap: €216.2b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Grand Pharmaceutical Group

Market Cap: €30.3b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Transcontinental

Market Cap: €1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Origin Enterprises

Market Cap: €396.8m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Cyfrowy Polsat

Market Cap: €8.1b

Provides digital satellite platform and terrestrial television (TV), and telecommunication services primarily in Poland.

GFT Technologies

Market Cap: €469.3m

Provides digital transformation services.

HORNBACH Holding KGaA

Market Cap: €1.4b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

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.

M.P. Evans Group

Market Cap: €675.9m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

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.

PayPal Holdings

Market Cap: Mex$58.8b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

Wienerberger

Market Cap: €2.9b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Open Text

Market Cap: €8.3b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

GL Events

Market Cap: €797.8m

Provides integrated solutions and services for events in France and internationally.

China Mengniu Dairy

Market Cap: €57.8b

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

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Spectrum Brands Holdings

Market Cap: €1.4b

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

TAKKT

Market Cap: €264.4m

Operates as a B2B direct marketing company for business equipment in Europe and North America.