Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

CEWE Stiftung KGaA

Market Cap: €676.6m

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

Capgemini

Market Cap: €21.7b

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.

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.

Vallourec

Market Cap: €3.9b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Arnoldo Mondadori Editore

Market Cap: €542.5m

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

Valeura Energy

Market Cap: €688.7m

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

McBride

Market Cap: €202.4m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

CTO Realty Growth

Market Cap: €547.1m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

China Mengniu Dairy

Market Cap: €54.7b

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

OFG Bancorp

Market Cap: €1.7b

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

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

Robert Walters

Market Cap: €96.4m

Provides professional recruitment consultancy services worldwide.

Central Asia Metals

Market Cap: €262.7m

Operates as a base metals producer.

Pollard Banknote

Market Cap: €550.8m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

H.I.S

Market Cap: €98.6b

Provides travel agency services internationally.

Hikma Pharmaceuticals

Market Cap: €3.9b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

74Software

Market Cap: €1.1b

Operates as a software company in France.

Taylor Morrison Home

Market Cap: €5.7b

Operates as a land developer and homebuilder in the United States.

Havas

Market Cap: €1.5b

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

Align Technology

Market Cap: €10.0b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Alaris Equity Partners Income Trust

Market Cap: €886.4m

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

Rainbow Tours

Market Cap: €1.8b

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

Cyfrowy Polsat

Market Cap: €8.2b

Provides digital satellite platform and terrestrial television (TV), and telecommunication services primarily in Poland.

First Mid Bancshares

Market Cap: US$862.4m

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

Stanmore Resources

Market Cap: €2.0b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Northpointe Bancshares

Market Cap: €544.3m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Grafton Group

Market Cap: €1.8b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Myer Holdings

Market Cap: €683.6m

Operates department stores in Australia and New Zealand.

Orrstown Financial Services

Market Cap: €654.6m

Operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States.

Comcast

Market Cap: €98.3b

Operates as a media and technology company worldwide.

Lithia Motors

Market Cap: €7.5b

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

Brinker International

Market Cap: €4.7b

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

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

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.

Indofood Sukses Makmur

Market Cap: €62.1t

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

Carnival Corporation &

Market Cap: €37.0b

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