Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

High Tide

Market Cap: CA$282.2m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Hoenle

Market Cap: €51.2m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Brunswick

Market Cap: US$4.8b

Designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally.

Duell Oyj

Market Cap: €11.2m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

Lundin Mining

Market Cap: US$28.5b

A diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, and Argentina.

High Tide

Market Cap: US$282.2m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Luckin Coffee

Market Cap: US$10.8b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

Transcontinental

Market Cap: €457.9m

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

TravelSky Technology

Market Cap: US$30.9b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Oracle Corporation Japan

Market Cap: €1.1t

Provides software, hardware, and cloud products and solutions in Japan.

Globe Life

Market Cap: US$10.8b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Gecina

Market Cap: €4.9b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Summerset Group Holdings

Market Cap: AU$2.3b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Lundin Mining

Market Cap: SEK 28.5b

A diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, and Argentina.

Safran

Market Cap: €117.0b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.

CENIT

Market Cap: €53.9m

Provides software solutions and associated software consulting and integration services.

Compagnie de Saint-Gobain

Market Cap: €34.3b

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

Lithia Motors

Market Cap: €5.9b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

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.

Oshkosh

Market Cap: US$9.3b

Provides purpose-built vehicles and equipment worldwide.

Angel Oak Mortgage REIT

Market Cap: US$207.0m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Rainbow Tours

Market Cap: €1.9b

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

Asahi Group Holdings

Market Cap: €2.3t

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

ProCredit Holding

Market Cap: €442.9m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Champion Iron

Market Cap: US$2.8b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Robert Walters

Market Cap: UK£55.0m

Provides professional recruitment consultancy services worldwide.

Business First Bancshares

Market Cap: US$876.0m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

A. O. Smith

Market Cap: €9.2b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

AMG Critical Materials

Market Cap: €1.1b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Regis Resources

Market Cap: €4.8b

Engages in the exploration, evaluation, and development of gold projects in Australia.

DENTSPLY SIRONA

Market Cap: €2.3b

Develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide.

Grand Pharmaceutical Group

Market Cap: €23.0b

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.

4imprint Group

Market Cap: UK£974.5m

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

Urban Outfitters

Market Cap: US$5.5b

Offers lifestyle products and services.

Tongcheng Travel Holdings

Market Cap: €42.6b

An investment holding company, provides travel related services in the People’s Republic of China.