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.

Open Text

Market Cap: €6.7b

Engages in the provision of information management products and services.

Taylor Morrison Home

Market Cap: €5.7b

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

Capgemini

Market Cap: €21.9b

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.

Ultimate Products

Market Cap: €54.1m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Seiko Epson

Market Cap: €596.8b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

GFT Technologies

Market Cap: €579.2m

Provides digital transformation services.

Steel Dynamics

Market Cap: €17.7b

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

Wynn Resorts

Market Cap: Mex$8.0b

Designs, develops, and operates integrated resorts.

Tenaris

Market Cap: €15.7b

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: €8.9b

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.

Keppel

Market Cap: €11.1b

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

Renault

Market Cap: €12.0b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

Astra International

Market Cap: €193.5t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Target

Market Cap: €41.9b

Operates as a general merchandise retailer in the United States.

NetEase

Market Cap: €479.6b

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

Demant

Market Cap: DKK 47.6b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

Spectrum Brands Holdings

Market Cap: €1.6b

Operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, Latin America, and Asia-Pacific regions.

Kuaishou Technology

Market Cap: €207.8b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

First Mid Bancshares

Market Cap: US$765.3m

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

Teva Pharmaceutical Industries

Market Cap: €15.6b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

OFG Bancorp

Market Cap: €1.6b

A financial holding company, provides a range of banking and financial services in the United States.

QinetiQ Group

Market Cap: €2.2b

Operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

PLDT

Market Cap: US$277.8b

Provides telecommunications and digital services in the Philippines.

Reynolds Consumer Products

Market Cap: €5.0b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

Quest Resource Holding

Market Cap: €47.5m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

Nordex

Market Cap: €3.7b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

Aker BP

Market Cap: €139.1b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

Verbio

Market Cap: €604.3m

Engages in the production and distribution of fuels and finished products in Germany, Europe, North America, and internationally.

Hammond Power Solutions

Market Cap: €954.2m

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Pepper Money

Market Cap: €608.3m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Luceco

Market Cap: €201.3m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

SFL

Market Cap: €1.0b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Royalty Pharma

Market Cap: €18.7b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.