Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Robert Walters

Market Cap: €102.0m

Provides professional recruitment consultancy services worldwide.

CleanSpark

Market Cap: €2.7b

Operates as a bitcoin mining company in the Americas.

Huron Consulting Group

Market Cap: US$2.2b

Provides consultancy and managed services in the United States and internationally.

Verallia Société Anonyme

Market Cap: €2.9b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Acrow

Market Cap: €318.8m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Aica Kogyo Company

Market Cap: €234.5b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

CNH Industrial

Market Cap: €14.9b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

Ag Growth International

Market Cap: CA$797.3m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

ACT Energy Technologies

Market Cap: CA$159.2m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Intrum

Market Cap: €6.5b

Provides payment solutions and credit and collection services in Europe and internationally.

Torex Gold Resources

Market Cap: US$3.8b

Operates as an intermediate gold producer.

Flowserve

Market Cap: US$7.2b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.

XP

Market Cap: US$9.8b

Provides financial products and services in Brazil.

Rainbow Tours

Market Cap: €2.1b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Cosmo Pharmaceuticals

Market Cap: CHF 1.0b

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

Premier Foods

Market Cap: UK£1.6b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

INDUS Holding

Market Cap: €558.9m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

CTO Realty Growth

Market Cap: €566.2m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

China Mengniu Dairy

Market Cap: €59.3b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Cabka

Market Cap: €46.1m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Sword Group

Market Cap: €333.1m

Provides IT and software solutions worldwide.

Maisons du Monde

Market Cap: €75.5m

Through its subsidiaries, provides home and living room related products in France and internationally.

Hollywood Bowl Group

Market Cap: UK£422.7m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Grupo Mateus

Market Cap: R$16.3b

Operates a supermarket chain in Brazil.

McEwen

Market Cap: CA$595.2m

Engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina.

ACI Worldwide

Market Cap: US$5.1b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Sangoma Technologies

Market Cap: US$273.4m

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

Pollard Banknote

Market Cap: €513.5m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

CEWE Stiftung KGaA

Market Cap: €660.0m

Operates as a photo service and online printing provider in Germany and internationally.

Luceco

Market Cap: €183.0m

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.

74Software

Market Cap: €1.2b

Operates as a software company in France.

Austevoll Seafood

Market Cap: NOK 18.8b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Capgemini

Market Cap: €20.6b

Provides 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.