Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Antero Resources

Market Cap: US$11.1b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Shell

Market Cap: €174.2b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Sinoma International EngineeringLtd

Market Cap: CN¥23.3b

Operates in the cement technology equipment and engineering services industry in China and internationally.

Cabka

Market Cap: €50.4m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Andean Precious Metals

Market Cap: €1.0b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Sonoco Products

Market Cap: €4.8b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

Rithm Capital

Market Cap: US$5.2b

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

Trisul

Market Cap: R$1.0b

Engages in the construction and development of real estate properties in Brazil.

Northpointe Bancshares

Market Cap: €590.7m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

4imprint Group

Market Cap: UK£1.0b

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

Verastem

Market Cap: US$380.5m

A development-stage biopharmaceutical company, focuses on developing and commercializing drugs for the treatment of cancer in the United States.

Calfrac Well Services

Market Cap: US$635.6m

Provides specialized oilfield services in Canada, the United States, and Argentina.

PTC

Market Cap: US$16.0b

Operates as software company in the Americas, Europe, and the Asia Pacific.

Blue Bird

Market Cap: US$2.1b

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

Military Commercial Bank

Market Cap: ₫201.4t

Provides banking products and services in Vietnam.

AviChina Industry & Technology

Market Cap: HK$25.0b

Engages in the development, manufacture, and sale of civil aviation and defense products in Hong Kong and internationally.

Chemplast Sanmar

Market Cap: ₹34.2b

Engages in manufacturing and selling of specialty chemicals in India.

COSCO SHIPPING Ports

Market Cap: HK$19.7b

An investment holding company, manages and operates ports and terminals in Mainland China, Hong Kong, Europe, and internationally.

Prosegur Cash

Market Cap: €874.6m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally.

EOG Resources

Market Cap: €71.0b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Royal Unibrew

Market Cap: DKK 20.2b

Provides beverages in Denmark, Germany, Norway, Sweden, Italy, the Netherlands, France, Finland, Lithuania, Latvia, Estonia, Belgium, Luxembourg, and internationally.

Atmus Filtration Technologies

Market Cap: US$3.8b

Designs, manufactures, and sells filtration products under the Fleetguard brand in the United States and internationally.

Parex Resources

Market Cap: US$2.3b

Engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.

Lundin Gold

Market Cap: SEK 22.3b

Develops and operates its mineral concessions in Ecuador.

Bank BTPN Syariah

Market Cap: Rp7.2t

Operates as a sharia commercial bank providing a comprehensive range of banking products and services in Indonesia.

Perrigo

Market Cap: €1.5b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

ICG

Market Cap: UK£5.2b

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

Brinker International

Market Cap: €6.1b

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

China Overseas Property Holdings

Market Cap: HK$12.3b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

C&A Modas

Market Cap: R$3.5b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

Indofood Sukses Makmur

Market Cap: Rp60.8t

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

Boston Beer Company

Market Cap: US$1.8b

Produces and sells alcohol beverages primarily in the United States.

Santam

Market Cap: R40.9b

Provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally.

Grafton Group

Market Cap: €1.6b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Atalaya Mining Copper

Market Cap: €1.3b

Engages in the mineral exploration and development in Spain.