Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

ICG

Market Cap: UK£4.9b

A private equity firm specializing in direct and fund of fund investments.

Cheniere Energy

Market Cap: €45.9b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Gecina

Market Cap: €5.8b

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.

Resolute Mining

Market Cap: UK£2.7b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

q.beyond

Market Cap: €98.2m

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

FRP Advisory Group

Market Cap: UK£331.0m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Inseego

Market Cap: US$160.6m

Engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments in the United Stated, Europe, and internationally.

TravelSky Technology

Market Cap: US$31.1b

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

Sabio Holdings

Market Cap: CA$7.3m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

Wesdome Gold Mines

Market Cap: €3.2b

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

Resolute Mining

Market Cap: US$2.7b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

MINISO Group Holding

Market Cap: €5.8b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Sendas Distribuidora

Market Cap: R$11.8b

Engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil.

C&A Modas

Market Cap: R$4.0b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

Kuaishou Technology

Market Cap: €310.1b

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

Andean Precious Metals

Market Cap: €1.3b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

American Integrity Insurance Group

Market Cap: €358.1m

Operates as an insurance company.

Thryv Holdings

Market Cap: US$169.9m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

Tennant

Market Cap: US$1.5b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

CEWE Stiftung KGaA

Market Cap: €695.0m

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

Tongcheng Travel Holdings

Market Cap: €51.9b

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

Curaleaf Holdings

Market Cap: US$2.5b

Produces and distributes cannabis products in the United States and internationally.

PENN Entertainment

Market Cap: €1.8b

Provides integrated entertainment, sports content, and casino gaming experiences.

Yelp

Market Cap: US$1.5b

Operates a platform that connects consumers with local businesses in the United States and internationally.

Indofood Sukses Makmur

Market Cap: €60.1t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Enovis

Market Cap: €1.3b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

Cardlytics

Market Cap: US$49.0m

Operates an advertising platform in the United States and the United Kingdom.

GFT Technologies

Market Cap: €497.6m

Provides digital transformation services.

Slide Insurance Holdings

Market Cap: US$2.2b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

Asahi Group Holdings

Market Cap: €2.5t

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

Ventura Offshore Holding

Market Cap: NOK 2.3b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Sword Group

Market Cap: €322.6m

Provides IT and software solutions.

United Bank for Africa

Market Cap: ₦2.0t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Cabka

Market Cap: €41.5m

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