Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Bayer

Market Cap: €35.9b

Operates as a life science company in Europe, the Middle East, Africa, Germany, Switzerland, North America, the United States, the Asia Pacific, China, Latin America, and Brazil.

OceanaGold

Market Cap: €9.3b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Indivior Pharmaceuticals

Market Cap: €4.4b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Regis Resources

Market Cap: €4.6b

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

Sasseur Real Estate Investment Trust

Market Cap: S$841.0m

Invests in a portfolio of real estate and related assets.

On the Beach Group

Market Cap: €213.0m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

ANTA Sports Products

Market Cap: €212.0b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Konecranes

Market Cap: €6.7b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

China Life Insurance

Market Cap: €1.0t

Operates as a life insurance company in the People’s Republic of China.

McBride

Market Cap: €289.6m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Leidos Holdings

Market Cap: €16.1b

Provides services and solutions for government and commercial customers in the United States and internationally.

Bank Mandiri (Persero)

Market Cap: Rp380.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Avia Avian

Market Cap: Rp20.6t

Manufactures and distributes paints and building materials in Indonesia.

NSL Foods

Market Cap: ฿6.4b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Centurion

Market Cap: S$1.3b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Douglas Dynamics

Market Cap: US$1.0b

Operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America.

Bayerische Motoren Werke

Market Cap: US$45.4b

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

Ferrari Group

Market Cap: €758.7m

Provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and internationally.

Cosmo Energy Holdings

Market Cap: €593.7b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

Pollard Banknote

Market Cap: €438.0m

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

Brinker International

Market Cap: €6.1b

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

Imperial Brands

Market Cap: UK£20.8b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Mears Group

Market Cap: UK£356.5m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Lithia Motors

Market Cap: €6.6b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Bayer

Market Cap: US$35.9b

Operates as a life science company in Europe, the Middle East, Africa, Germany, Switzerland, North America, the United States, the Asia Pacific, China, Latin America, and Brazil.

Pentair

Market Cap: €11.4b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

GE HealthCare Technologies

Market Cap: €28.4b

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.

ProCredit Holding

Market Cap: €479.4m

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

Transcontinental

Market Cap: €452.8m

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Carnival

Market Cap: €38.8b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Ameriprise Financial

Market Cap: US$40.1b

Operates as a diversified financial services company in the United States and internationally.

Grand Pharmaceutical Group

Market Cap: €18.3b

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.

Asbury Automotive Group

Market Cap: US$3.5b

Operates as an automotive retailer in the United States.

Slide Insurance Holdings

Market Cap: US$2.1b

Provides property and casualty insurance services in the United States.

MINISO Group Holding

Market Cap: €3.9b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.