Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

TAKKT

Market Cap: €235.3m

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

Mitek Systems

Market Cap: US$416.8m

Provides mobile image capture and digital identity verification solutions worldwide.

Beazley

Market Cap: €4.6b

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

INDUS Holding

Market Cap: €674.7m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Carmila

Market Cap: €2.3b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Arcadis

Market Cap: €3.1b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Econocom Group

Market Cap: €267.3m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Kimberly-Clark

Market Cap: €34.1b

Manufactures and markets personal care products in the United States.

lastminute.com

Market Cap: CHF 133.3m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Talgo

Market Cap: €342.3m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Galp Energia SGPS

Market Cap: €10.0b

Operates as an integrated energy operator in Portugal and internationally.

Argan

Market Cap: €1.6b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Austevoll Seafood

Market Cap: NOK 18.0b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Rithm Capital

Market Cap: US$6.1b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Auto Trader Group

Market Cap: UK£5.1b

Operates an automotive platform in the United Kingdom.

Sword Group

Market Cap: €331.6m

Provides IT and software solutions.

Sulzer

Market Cap: CHF 4.8b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

Befesa

Market Cap: €1.1b

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

Eiffage

Market Cap: €11.5b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Aalberts

Market Cap: €3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Flow Traders

Market Cap: €1.0b

Operates as a financial technology-enabled multi-asset class liquidity provider in Europe, the Americas, and Asia.

GFT Technologies

Market Cap: €468.3m

Provides digital transformation services.

Koenig & Bauer

Market Cap: €168.6m

Develops and manufactures printing and postprint systems worldwide.

Stillfront Group

Market Cap: SEK 3.3b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

Ernst Russ

Market Cap: €229.8m

A publicly owned investment manager.

Nilfisk Holding

Market Cap: €2.8b

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

Sanofi

Market Cap: €100.6b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Veolia Environnement

Market Cap: €21.1b

Designs and provides water, waste, and energy management solutions.

CellaVision

Market Cap: SEK 3.6b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Koenig & Bauer

Market Cap: €168.6m

Develops and manufactures printing and postprint systems worldwide.

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

DaVita

Market Cap: €8.2b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Cardlytics

Market Cap: US$64.3m

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

Wolters Kluwer

Market Cap: €20.0b

Provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally.