Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Ganyuan Foods

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of snack foods in China.

Tsingtao Brewery

Market Cap: HK$86.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

LX Semicon

Market Cap: ₩871.8b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Proya CosmeticsLtd

Market Cap: CN¥32.2b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.2b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

China Mengniu Dairy

Market Cap: HK$60.1b

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

Industrial Bank

Market Cap: CN¥435.7b

Provides banking services in the People’s Republic of China.

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

Monash IVF Group

Market Cap: AU$265.0m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Ribbon Communications

Market Cap: US$676.5m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Austevoll Seafood

Market Cap: NOK 19.6b

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.

Arcadis

Market Cap: €3.9b

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

Sword Group

Market Cap: €333.5m

Provides IT and software solutions worldwide.

Intertek Group

Market Cap: US$7.2b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

Austriacard Holdings

Market Cap: €189.7m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

KBR

Market Cap: US$6.2b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

USCB Financial Holdings

Market Cap: US$347.4m

Operates as the bank holding company for U.S.

Hollywood Bowl Group

Market Cap: UK£422.2m

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

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.

Koenig & Bauer

Market Cap: €224.4m

Develops and manufactures printing and postprint systems worldwide.

Ernst Russ

Market Cap: €228.4m

A publicly owned investment manager.

Bertrandt

Market Cap: €180.7m

Provides engineering services.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

74Software

Market Cap: €1.1b

Operates as a software company in France.

Royalty Pharma

Market Cap: €20.7b

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

Origin Enterprises

Market Cap: €405.6m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.5b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Teva Pharmaceutical Industries

Market Cap: €21.4b

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

Mattel

Market Cap: €5.6b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Gen Digital

Market Cap: US$17.6b

Engages in the provision of cyber safety solutions for or individuals, families, and small businesses.

Plumas Bancorp

Market Cap: US$299.4m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

China Mengniu Dairy

Market Cap: €60.1b

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

MGM Resorts International

Market Cap: US$9.6b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

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.