Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Align Technology

Market Cap: €9.8b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Comcast

Market Cap: €100.2b

Operates as a media and technology company worldwide.

ProSiebenSat.1 Media

Market Cap: €1.1b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Wolters Kluwer

Market Cap: €21.5b

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

Crown Castle

Market Cap: US$39.9b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Mattel

Market Cap: US$6.0b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

On the Beach Group

Market Cap: €302.8m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Befesa

Market Cap: €1.1b

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

Hikma Pharmaceuticals

Market Cap: €3.5b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

INDUS Holding

Market Cap: €638.6m

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

Dell Technologies

Market Cap: US$89.6b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Aalberts

Market Cap: €2.9b

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

Vallourec

Market Cap: €4.0b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Taylor Morrison Home

Market Cap: €5.8b

Operates as a land developer and homebuilder in the United States.

Allied Properties Real Estate Investment Trust

Market Cap: €1.9b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

Rithm Capital

Market Cap: US$6.2b

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

ANTA Sports Products

Market Cap: €229.6b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Anker Innovations

Market Cap: CN¥57.7b

Develops and sells mobile charging products.

Adairs

Market Cap: AU$331.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Huaqin Technology

Market Cap: CN¥89.7b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

China Resources Land

Market Cap: HK$217.5b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Innocean Worldwide

Market Cap: ₩720.4b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

NetEase Cloud Music

Market Cap: HK$44.3b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

DUG Technology

Market Cap: AU$274.2m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Tenaga Nasional Berhad

Market Cap: RM 78.2b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

GWA Group

Market Cap: AU$624.5m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

KBR

Market Cap: US$5.3b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Flow Traders

Market Cap: €1.0b

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

Robert Walters

Market Cap: UK£89.8m

Provides professional recruitment consultancy services worldwide.

q.beyond

Market Cap: €91.2m

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

ICG

Market Cap: UK£5.5b

A private equity firm specializing in direct and fund of fund investments.

Cadeler

Market Cap: NOK 16.2b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.1b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.8b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.