Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Forward Air

Market Cap: €387.4m

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

China Life Insurance

Market Cap: €1.0t

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

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Vetoquinol

Market Cap: €814.7m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products for cattle, pigs, dogs, and cats in Europe, the Americas, and the Asia Pacific region.

Pentair

Market Cap: €11.5b

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

ANTA Sports Products

Market Cap: €208.6b

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

bioMérieux

Market Cap: €8.1b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Valmet Oyj

Market Cap: €3.9b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

American Integrity Insurance Group

Market Cap: €333.0m

Operates as an insurance company in the United States.

Bank Mandiri (Persero)

Market Cap: €396.3t

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

China Aviation Oil (Singapore)

Market Cap: €1.6b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Mears Group

Market Cap: €347.2m

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

Bayer

Market Cap: €35.2b

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.

GFT Technologies

Market Cap: €545.8m

Provides digital transformation services.

Yuexiu Transport Infrastructure

Market Cap: €6.5b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Hollywood Bowl Group

Market Cap: UK£489.5m

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

Acrow

Market Cap: €282.0m

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

Regeneron Pharmaceuticals

Market Cap: €61.2b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines to treat various diseases worldwide.

Pepper Money

Market Cap: €736.7m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Arnoldo Mondadori Editore

Market Cap: €539.5m

Engages in publishing of books and magazines in Italy, rest of Europe, the United States, internationally.

Leidos Holdings

Market Cap: €15.3b

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

ENEA

Market Cap: €10.2b

Generates, transmits, distributes, and trades in electricity in Poland.

Otsuka Holdings

Market Cap: €5.4t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Pegasystems

Market Cap: €5.5b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

TAL Education Group

Market Cap: €5.7b

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

China Tower

Market Cap: €168.9b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Man Wah Holdings

Market Cap: €13.7b

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.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

HORNBACH Holding KGaA

Market Cap: €1.2b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Astra International

Market Cap: €188.3t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Globus Medical

Market Cap: €11.0b

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

Mota-Engil SGPS

Market Cap: €1.4b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Exxaro Resources

Market Cap: €49.8b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Otis Worldwide

Market Cap: €26.7b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.