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.

Austevoll Seafood

Market Cap: NOK 19.3b

A seafood company, engages in the production of salmon and trout, white fish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Target

Market Cap: €42.4b

Operates as a general merchandise retailer in the United States.

Neosperience

Market Cap: €9.9m

Develops cloud-based software platform in Italy.

q.beyond

Market Cap: €91.4m

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

Arjo

Market Cap: SEK 9.0b

Develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia and Pacific, South America, Africa, and internationally.

DEME Group

Market Cap: €3.4b

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.

GFT Technologies

Market Cap: €579.2m

Provides digital transformation services.

Almirall

Market Cap: €2.0b

Operates as a skin health-focused biopharmaceutical company in Spain, Europe, the Middle East, the United States, Asia, and Africa.

GE HealthCare Technologies

Market Cap: €28.6b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Keppel

Market Cap: €11.2b

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

Senior

Market Cap: UK£516.2m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

WPP

Market Cap: UK£5.8b

A creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.

GL Events

Market Cap: €614.2m

Provides venues and offices for events.

Deutsche Post

Market Cap: €41.1b

Operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

EVS Broadcast Equipment

Market Cap: €466.0m

Provides live video technology for broadcast and media productions worldwide.

Card Factory

Market Cap: UK£315.7m

Operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally.

Trigano

Market Cap: €1.9b

Designs, manufactures, markets, and sells leisure vehicles for individuals and professionals in Europe.

Steel Dynamics

Market Cap: €17.7b

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

Bayerische Motoren Werke

Market Cap: €43.5b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Arcadis

Market Cap: €3.7b

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

Open Text

Market Cap: €6.6b

Engages in the provision of information management products and services.

KWS SAAT SE KGaA

Market Cap: €1.8b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Owens & Minor

Market Cap: €535.4m

Operates as a healthcare solutions company worldwide.

Exxaro Resources

Market Cap: €36.4b

Engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia.

Guaranty Trust Holding

Market Cap: ₦1.3t

Operates as a financial holding company for Guaranty Trust Bank Limited that provides commercial banking services in Nigeria, Ghana, Gambia, Sierra Leone, Liberia, Cote D'Ivoire, Kenya, Uganda, Rwanda, Tanzania, and the United Kingdom.

United Bank for Africa

Market Cap: ₦1.1t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Travel + Leisure

Market Cap: €2.8b

Provides hospitality services and travel products in the United States and internationally.

FirstRand

Market Cap: €389.8b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

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.

Montea Comm. VA

Market Cap: €1.4b

Montea NV is a public regulated real estate company under Belgian law (GVV/SIR) that specializes in logistics real estate in Belgium, the Netherlands, France, and Germany.

Compagnie de Saint-Gobain

Market Cap: €43.0b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

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.

Alaris Equity Partners Income Trust

Market Cap: €841.2m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.