Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Betterware de MéxicoP.I. de

Market Cap: US$665.2m

Operates as a direct-to-consumer selling company in the United States and Mexico.

Life Healthcare Group Holdings

Market Cap: €14.8b

An investment holding company, operates as a private healthcare company in Southern Africa.

Infrastrutture Wireless Italiane

Market Cap: €5.7b

Operates in the electronic communications infrastructure sector in Italy.

Slide Insurance Holdings

Market Cap: US$2.2b

Provides property and casualty insurance services in the United States.

Bayerische Motoren Werke

Market Cap: US$35.8b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Deezer

Market Cap: €131.2m

Provides music, lossless HiFi audio, and industry-defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally.

QinetiQ Group

Market Cap: €2.1b

Provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany.

Cencora

Market Cap: US$55.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Alkane Resources

Market Cap: CA$2.0b

Operates as a gold exploration and production company in Australia.

Vontier

Market Cap: €4.2b

Provides mobility ecosystem solutions worldwide.

Triple Flag Precious Metals

Market Cap: US$8.7b

A precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States.

EOG Resources

Market Cap: US$70.6b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Calfrac Well Services

Market Cap: CA$652.7m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Gartner

Market Cap: €9.0b

Provides business and technology insights to support decision-making and performance on an organization’s mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally.

IAMGOLD

Market Cap: CA$13.0b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Ag Growth International

Market Cap: CA$377.0m

Provides equipment solutions for bulk agriculture commodities Canada, the United States, and internationally.

TF1

Market Cap: €1.4b

Operates as a media and entertainment company, primarily engages in television broadcasting, content creation, and distribution of audiovisual rights in France, Continental Europe, and internationally.

Trican Well Service

Market Cap: CA$1.4b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Prosegur Cash

Market Cap: €930.2m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally.

Mears Group

Market Cap: UK£339.0m

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

TAL Education Group

Market Cap: €5.3b

Provides smart learning solutions in the People’s Republic of China.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

Hollywood Bowl Group

Market Cap: UK£465.2m

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

TravelSky Technology

Market Cap: US$24.3b

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

Havas

Market Cap: €1.7b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

NetEase

Market Cap: €600.7b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Astra International

Market Cap: €190.7t

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

BAE Systems

Market Cap: €51.3b

Provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Kingdom of Saudi Arabia, Europe, and internationally.

BWG

Market Cap: NOK 26.7b

An investment holding company, engages in ship owning and chartering activities worldwide.

Bosideng International Holdings

Market Cap: US$45.9b

Engages in the apparel business in the People’s Republic of China.

Regis Resources

Market Cap: €5.0b

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

4imprint Group

Market Cap: UK£1.1b

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

HORNBACH Holding KGaA

Market Cap: €1.3b

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

Karnov Group

Market Cap: SEK 6.3b

Provides information and workflow solutions in Denmark, Sweden, Norway, France, Spain, and Portugal.

Range Resources

Market Cap: US$8.9b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.