Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carmila

Market Cap: €2.2b

A leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy.

Eiffage

Market Cap: €11.5b

Engages in the construction and concessions businesses in France, Germany, Europe, and internationally.

Regional Management

Market Cap: €327.6m

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.

DENTSPLY SIRONA

Market Cap: €2.0b

Develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide.

Ansell

Market Cap: €3.7b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Grand Pharmaceutical Group

Market Cap: €19.2b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Curaleaf Holdings

Market Cap: US$3.7b

Engages in the retail and wholesale of cannabis products in the United States and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.8b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Scotts Miracle-Gro

Market Cap: €3.5b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

GE HealthCare Technologies

Market Cap: €29.3b

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.

Gecina

Market Cap: €5.4b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Bayerische Motoren Werke

Market Cap: US$45.4b

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

Viva Wine Group

Market Cap: SEK 2.9b

Develops, markets, imports, and sells wines.

Daiwa House Industry

Market Cap: €2.7t

Engages in the construction work business in Japan, the United States, and internationally.

Regis Resources

Market Cap: €4.8b

Engages in the exploration, evaluation, and development of gold projects in Australia.

A. O. Smith

Market Cap: €7.9b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Brambles

Market Cap: US$23.0b

Operates as a supply-chain logistics company.

Silgan Holdings

Market Cap: US$4.0b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

Orsero

Market Cap: €255.4m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

Exxaro Resources

Market Cap: €48.2b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Pollard Banknote

Market Cap: €437.7m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Oji Holdings

Market Cap: €659.9b

Manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally.

Concentra Group Holdings Parent

Market Cap: US$3.3b

Provides occupational health services in the United States.

Red Rock Resorts

Market Cap: US$5.3b

Through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.

Calfrac Well Services

Market Cap: CA$613.6m

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

Research Solutions

Market Cap: €72.0m

Through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally.

Bosideng International Holdings

Market Cap: €48.5b

Engages in the apparel business in the People’s Republic of China.

Calfrac Well Services

Market Cap: US$613.6m

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

TAURON Polska Energia

Market Cap: zł16.1b

Through its subsidiaries, generates, distributes, and supplies electricity and heat in Poland and the Czech Republic.

ProCredit Holding

Market Cap: €475.9m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

NetEase

Market Cap: €579.1b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Sangoma Technologies

Market Cap: US$167.4m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Indofood Sukses Makmur

Market Cap: €59.0t

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

TAL Education Group

Market Cap: €6.1b

Provides K-12 after-school tutoring services in the People’s Republic of China.

Eurobank

Market Cap: €13.3b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.