Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Abercrombie & Fitch

Market Cap: US$4.0b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

DNO

Market Cap: €18.2b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Tingyi (Cayman Islands) Holding

Market Cap: €59.5b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Konecranes

Market Cap: €6.2b

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

Arcadis

Market Cap: €3.0b

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

Compagnie des Alpes

Market Cap: €1.2b

Engages in the management of leisure facilities in France and internationally.

Montea Comm. VA

Market Cap: €1.6b

A listed real estate company under Belgian law that specializes in logistics property in Belgium, the Netherlands, France, and Germany.

Alkane Resources

Market Cap: CA$1.9b

Operates as a gold exploration and production company in Australia.

Globus Medical

Market Cap: €10.9b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Transcontinental

Market Cap: €435.9m

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

Forward Air

Market Cap: €397.5m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Tessenderlo Group

Market Cap: €1.2b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

Bank Mandiri (Persero)

Market Cap: €391.6t

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

Karnov Group

Market Cap: SEK 6.9b

Provides information and workflow solutions in Denmark, Sweden, Norway, France, Spain, and Portugal.

Champion Iron

Market Cap: US$2.3b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

TAL Education Group

Market Cap: €5.7b

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

Lundin Gold

Market Cap: SEK 18.4b

Develops and operates its mineral concessions in Ecuador.

Antero Resources

Market Cap: US$10.6b

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.

Man Wah Holdings

Market Cap: €13.8b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, North America, and internationally.

Cresco Labs

Market Cap: US$535.9m

Cresco Labs Inc. cultivates, manufactures, and sells retail and medical cannabis products in the United States and Germany.

Huron Consulting Group

Market Cap: US$1.6b

Provides global professional services in the United States and internationally.

Amadeus IT Group

Market Cap: €21.5b

Operates as a transaction processor for the travel and tourism industry in Europe, Central and South America, the Middle East, Africa, and Asia Pacific.

Bayerische Motoren Werke

Market Cap: €40.7b

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

DEUTZ

Market Cap: €1.4b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Grand Pharmaceutical Group

Market Cap: €17.7b

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.

Viva Wine Group

Market Cap: SEK 2.7b

Develops, markets, imports, and sells wines.

Indivior Pharmaceuticals

Market Cap: €4.6b

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.

Prosegur Cash

Market Cap: €917.0m

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

Pharma Mar

Market Cap: €1.2b

A biopharmaceutical company, focuses on the research, development, production, and commercialization of bio-active principles for the use in oncology in Spain, Germany, Ireland, France, Switzerland, rest of the European Union, the United States, and internationally.

Arjo

Market Cap: SEK 6.6b

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

Infotel

Market Cap: €271.4m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Perrigo

Market Cap: €1.5b

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

Range Resources

Market Cap: US$9.0b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

Addus HomeCare

Market Cap: US$1.7b

Provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States.