Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Industrial Bank

Market Cap: CN¥401.0b

Provides banking products and services in the People’s Republic of China.

NetEase

Market Cap: US$594.9b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Oceania Healthcare

Market Cap: AU$557.7m

Owns and operates retirement villages and care centres in New Zealand.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.7b

Provides chemical supply chain solutions worldwide.

Aurelia Metals

Market Cap: AU$448.8m

Engages in the exploration and production of mineral properties in Australia.

Hochschild Mining

Market Cap: UK£3.0b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Globe Life

Market Cap: US$11.0b

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

Indofood Sukses Makmur

Market Cap: €52.5t

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

Kuaishou Technology

Market Cap: €256.8b

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

ABM Industries

Market Cap: US$2.2b

Through its subsidiaries, engages in the provision of facility maintenance, engineering and infrastructure solutions in the United States and internationally.

Sword Group

Market Cap: €295.2m

Provides IT and software solutions.

Elior Group

Market Cap: €613.6m

Provides contract catering and support services in France, Europe, North America, and India.

Acrow

Market Cap: €274.2m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp302.1t

Provides information and communications technology, and telecommunications network services worldwide.

Indofood Sukses Makmur

Market Cap: Rp52.5t

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

First Citizens BancShares

Market Cap: US$21.1b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Regis Resources

Market Cap: US$5.3b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Ayvens

Market Cap: €7.9b

Provides service leasing and vehicle fleet management services in the France, Rest of Europe, Latin America, Asia, and internationally.

Orrstown Financial Services

Market Cap: €674.7m

Operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States.

Andritz

Market Cap: €6.2b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Sonova Holding

Market Cap: CHF 11.0b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Ernst Russ

Market Cap: €244.6m

A publicly owned investment manager.

Bank7

Market Cap: €375.2m

Operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers.

Gecina

Market Cap: €5.2b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Banca IFIS

Market Cap: €1.4b

Provides financial services and solutions for enterprises.

Aston Martin Lagonda Global Holdings

Market Cap: UK£399.7m

Engages in the design, development, manufacture, and marketing of luxury sports cars in the United Kingdom, the Americas, the Middle East, Africa, rest of Europe, and the Asia Pacific.

Euroseas

Market Cap: US$483.9m

Provides ocean-going transportation services worldwide.

Intrum

Market Cap: €5.3b

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

MINISO Group Holding

Market Cap: €5.3b

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.

Flowco Holdings

Market Cap: US$2.1b

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

Lithia Motors

Market Cap: €5.8b

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

Oracle Corporation Japan

Market Cap: €1.2t

Provides software, hardware, and cloud products and solutions in Japan.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

BRP

Market Cap: CA$6.4b

Designs, develops, manufactures, and sells powersports vehicles and marine products in the Mexico, Canada, Austria, the United States, Finland, Australia, and Germany.

Middleby

Market Cap: US$6.8b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.