Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Mitek Systems

Market Cap: US$398.0m

Provides mobile image capture and digital identity verification solutions worldwide.

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.

Open Text

Market Cap: €8.2b

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.

Kapsch TrafficCom

Market Cap: €88.4m

Provides intelligent transportation systems technologies, solutions, and services in Austria, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas.

Aecon Group

Market Cap: US$1.6b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

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.

Cyfrowy Polsat

Market Cap: €8.0b

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

Myer Holdings

Market Cap: €709.6m

Operates department stores in Australia and New Zealand.

DNO

Market Cap: €14.5b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

M.P. Evans Group

Market Cap: €660.3m

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

Nilfisk Holding

Market Cap: €2.7b

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

FDJ United

Market Cap: €4.3b

Engages in the gaming operation and distribution business in France and internationally.

Stanmore Resources

Market Cap: €2.0b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Kuaishou Technology

Market Cap: €274.5b

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

Science Applications International

Market Cap: €4.0b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

Indofood Sukses Makmur

Market Cap: €61.7t

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

Valeura Energy

Market Cap: €770.3m

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

Blue Bird

Market Cap: US$1.6b

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

Carlsberg

Market Cap: US$105.4b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Urban Outfitters

Market Cap: US$5.5b

Offers lifestyle products and services.

CTO Realty Growth

Market Cap: €561.0m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

HORNBACH Holding KGaA

Market Cap: €1.3b

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

Brinker International

Market Cap: €5.4b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Grupo Mateus

Market Cap: R$12.0b

Operates a supermarket chain in Brazil.

q.beyond

Market Cap: €92.9m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Blau Farmacêutica

Market Cap: R$2.2b

A pharmaceutical company provides drug products in Brazil, Argentina, Chile, Colombia, Uruguay, Ecuador, Peru, and the United States.

A. O. Smith

Market Cap: €8.8b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Arnoldo Mondadori Editore

Market Cap: €537.3m

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

Suzano

Market Cap: R$60.0b

Manufactures and sells pulp and paper products in Brazil and internationally.

Rainbow Tours

Market Cap: €1.8b

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

Sendas Distribuidora

Market Cap: R$12.8b

Engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil.

Lithia Motors

Market Cap: €7.1b

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

Akzo Nobel

Market Cap: €9.2b

Produces and sells paints and coatings worldwide.

OFG Bancorp

Market Cap: €1.7b

A financial holding company, provides a range of banking and financial services in the United States.

Wesdome Gold Mines

Market Cap: €3.2b

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