Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Compagnie de Saint-Gobain

Market Cap: €42.4b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

CEWE Stiftung KGaA

Market Cap: €695.3m

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

Robert Walters

Market Cap: €83.2m

Provides professional recruitment consultancy services worldwide.

Polar Capital Holdings

Market Cap: €512.9m

Polar Capital Holdings plc is a publicly owned investment manager.

DOF Group

Market Cap: €23.2b

Owns and operates a fleet of offshore and subsea vessels.

Theon International

Market Cap: €1.8b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.

Spectrum Brands Holdings

Market Cap: €1.4b

Operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, Latin America, and Asia-Pacific regions.

Beazley

Market Cap: €4.7b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Asahi Group Holdings

Market Cap: €2.7t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Arnoldo Mondadori Editore

Market Cap: €537.3m

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

Skymark Airlines

Market Cap: €23.0b

Provides scheduled air transportation services.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.3b

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.

F5

Market Cap: €13.8b

Provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region.

Akzo Nobel

Market Cap: €9.5b

Produces and sells paints and coatings worldwide.

Wesdome Gold Mines

Market Cap: €3.3b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Alaris Equity Partners Income Trust

Market Cap: €897.7m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

OFG Bancorp

Market Cap: €1.8b

A financial holding company, provides a range of banking and financial services in the United States.

China Mengniu Dairy

Market Cap: €58.2b

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

Aica Kogyo Company

Market Cap: €223.3b

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

Kuaishou Technology

Market Cap: €295.7b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Origin Enterprises

Market Cap: €401.1m

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

Grupa Pracuj

Market Cap: €3.7b

Operates HR technology platform in Poland, Ukraine, and Germany.

Grand Pharmaceutical Group

Market Cap: €28.8b

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.

Transcontinental

Market Cap: €1.7b

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

Rainbow Tours

Market Cap: €1.9b

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

Capgemini

Market Cap: €22.7b

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.

L.D.C

Market Cap: €3.0b

Produces and sells poultry and processed products in France and internationally.

M.P. Evans Group

Market Cap: €678.5m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

Pearson

Market Cap: €6.3b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

TAKKT

Market Cap: €251.3m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Valeura Energy

Market Cap: €777.8m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

GFT Technologies

Market Cap: €486.1m

Provides digital transformation services.

Carnival Corporation &

Market Cap: €33.2b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Science Applications International

Market Cap: €3.9b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

AAC Technologies Holdings

Market Cap: €43.3b

An investment holding company, provides sensory experience solutions in Greater China, the United States, Europe, Other Asian countries, and internationally.