Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

BP

Market Cap: UK£52.5b

An integrated energy company, provides carbon products and services.

Tenaris

Market Cap: €15.2b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Viatris

Market Cap: €9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

Amneal Pharmaceuticals

Market Cap: €2.2b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

Arnoldo Mondadori Editore

Market Cap: €538.6m

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

Morgan Advanced Materials

Market Cap: €519.2m

Manufactures and sells various carbon and ceramic products in the United Kingdom.

Shofu

Market Cap: €74.4b

Manufactures and sells dental materials and equipment worldwide.

SergeFerrari Group

Market Cap: €58.2m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

Solid World Group

Market Cap: €19.6m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

Keppel

Market Cap: €10.9b

An investment holding company, engages in the infrastructure, real estate, and connectivity business.

Open Text

Market Cap: €6.5b

Engages in the provision of information management products and services.

Capgemini

Market Cap: €21.8b

Engages in the provision of consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Repsol

Market Cap: €11.5b

Operates as a multi-e energy company in Spain, Peru, the United States, Portugal, and internationally.

GFT Technologies

Market Cap: €539.7m

Provides digital transformation services.

Kalmar Oyj

Market Cap: €1.7b

Engages in the provision of heavy material handling equipment and automated terminal solutions for ports, terminals, distribution centers, and heavy industry.

First Bank

Market Cap: €323.4m

Provides various banking products and services to small to mid-sized businesses and individuals.

M.P. Evans Group

Market Cap: €515.1m

Through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia.

Polar Capital Holdings

Market Cap: €361.5m

Polar Capital Holdings plc is a publicly owned investment manager.

Otsuka Holdings

Market Cap: €3.6t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Crocs

Market Cap: €5.2b

Designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under the Crocs and HEYDUDE Brands in the United States and internationally.

Lenovo Group

Market Cap: €102.6b

An investment holding company, develops, manufactures, and markets technology products and services.

Middleby

Market Cap: US$7.1b

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

Steel Dynamics

Market Cap: €18.0b

Operates as a steel producer and metal recycler in the United States.

United Natural Foods

Market Cap: €1.5b

Distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada.

Regional Management

Market Cap: €292.3m

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.

Thungela Resources

Market Cap: €12.7b

Engages in the mining and production of thermal coal in South Africa and Australia.

Indivior

Market Cap: €879.6m

Develops, manufactures, and sells buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Bidvest Group

Market Cap: €76.6b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Alphabet

Market Cap: CHF 1.9t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Hokkaido Electric Power Company

Market Cap: €137.7b

Generates, transmits, and distributes electricity in Japan.

Mattel

Market Cap: €5.0b

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.

Corebridge Financial

Market Cap: €14.8b

Provides retirement solutions and insurance products in the United States.

Aspen Pharmacare Holdings

Market Cap: €69.9b

Manufactures and supplies specialty and branded pharmaceutical products worldwide.