Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Galp Energia SGPS

Market Cap: US$11.1b

Operates as an integrated energy operator in Portugal and internationally.

Carlsberg

Market Cap: US$110.0b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Husqvarna

Market Cap: SEK 29.4b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥25.4b

ShenZhen YUTO Packaging Technology Co., Ltd.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.2b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Cabka

Market Cap: €46.0m

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

Sinoma International EngineeringLtd

Market Cap: CN¥25.0b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.1b

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

Altea Green Power

Market Cap: €125.3m

Supplies and manages renewable energy plants in Italy and the United States.

Adairs

Market Cap: AU$386.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

lastminute.com

Market Cap: CHF 151.9m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Tristel

Market Cap: UK£170.9m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Vardhman Textiles

Market Cap: ₹118.1b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹195.8b

Produces and sells fertilizers primarily in India.

Proya CosmeticsLtd

Market Cap: CN¥30.6b

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

Beijing New Building Materials

Market Cap: CN¥40.6b

Manufactures and sells building materials in China and internationally.

Sanofi

Market Cap: €105.4b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Trajan Group Holdings

Market Cap: AU$129.7m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Austevoll Seafood

Market Cap: NOK 20.2b

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.

Aurelia Metals

Market Cap: AU$431.6m

Engages in the exploration and production of mineral properties in Australia.

Morgan Advanced Materials

Market Cap: UK£550.0m

Manufactures and sells various carbon and ceramic products.

C&D International Investment Group

Market Cap: HK$38.5b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Eiffage

Market Cap: €10.9b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Ernst Russ

Market Cap: €223.0m

A publicly owned investment manager.

Fortune Brands Innovations

Market Cap: US$6.1b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Arjo

Market Cap: SEK 8.5b

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

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺29.1b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

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.

Gecina

Market Cap: €6.1b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Flowco Holdings

Market Cap: US$1.4b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Owens & Minor

Market Cap: €381.6m

Operates as a healthcare solutions company worldwide.

Huntington Bancshares

Market Cap: US$23.1b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

q.beyond

Market Cap: €107.1m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

PORR

Market Cap: €1.2b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.