Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م52.0b

Together with its, provides corporate and retail banking services in Egypt.

Arjo

Market Cap: SEK 7.3b

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

Carnival Corporation &

Market Cap: €41.4b

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

Ernst Russ

Market Cap: €247.3m

A publicly owned investment manager.

q.beyond

Market Cap: €100.9m

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

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Premier Foods

Market Cap: UK£1.6b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

CDW

Market Cap: €16.5b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

FRP Advisory Group

Market Cap: UK£322.5m

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

Gamma Communications

Market Cap: UK£836.3m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

DaVita

Market Cap: €7.7b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Becle. de

Market Cap: Mex$66.0b

Manufactures and distributes spirits and other distilled beverages in Mexico, the United States, Canada, and internationally.

TAKKT

Market Cap: €231.8m

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

Grupa Pracuj

Market Cap: €3.3b

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

Yelp

Market Cap: US$1.7b

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

SAP

Market Cap: US$198.6b

Provides enterprise application and business solutions worldwide.

Torex Gold Resources

Market Cap: US$6.3b

Operates as an intermediate gold producer.

Brinker International

Market Cap: €6.9b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

BFF Bank

Market Cap: €1.5b

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

Gecina

Market Cap: €5.7b

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.

Cabka

Market Cap: €41.3m

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

Delta Air Lines

Market Cap: €42.7b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

American Integrity Insurance Group

Market Cap: €365.9m

Operates as an insurance company.

Slide Insurance Holdings

Market Cap: US$2.1b

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

MONY Group

Market Cap: UK£977.2m

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Globe Life

Market Cap: US$11.2b

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

Hafnia

Market Cap: US$29.5b

Owns and operates oil product tankers in Bermuda.

Enovis

Market Cap: US$1.3b

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

Air Canada

Market Cap: CA$5.6b

Provides domestic, U.S. transborder, and international airline services.

ACT Energy Technologies

Market Cap: CA$203.6m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Abercrombie & Fitch

Market Cap: US$4.5b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

American Tower

Market Cap: US$83.9b

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 149,000 communications sites and a highly interconnected footprint of U.S.

Highwood Asset Management

Market Cap: CA$62.2m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Indofood Sukses Makmur

Market Cap: €59.7t

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

Braze

Market Cap: US$2.3b

Operates a customer engagement platform that provides interactions between consumers and brands worldwide.