Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

BP

Market Cap: UK£52.5b

An integrated energy company, provides carbon products and services.

Polar Capital Holdings

Market Cap: €361.5m

Polar Capital Holdings plc is a publicly owned investment manager.

United Natural Foods

Market Cap: €1.5b

Distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada.

Travel + Leisure

Market Cap: €2.8b

Provides hospitality services and travel products in the United States and internationally.

Tokuyama

Market Cap: €181.8b

Produces and sells various chemical products in Japan.

M.P. Evans Group

Market Cap: €515.1m

Through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia.

Middleby

Market Cap: US$7.1b

Designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.

Otsuka Holdings

Market Cap: €3.6t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Thungela Resources

Market Cap: €12.7b

Engages in the mining and production of thermal coal in South Africa and Australia.

Repsol

Market Cap: €11.5b

Operates as a multi-e energy company in Spain, Peru, the United States, Portugal, and internationally.

Viatris

Market Cap: €9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

GFT Technologies

Market Cap: €539.7m

Provides digital transformation services.

Capgemini

Market Cap: €21.8b

Engages in the provision of 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.

Keppel

Market Cap: €10.9b

An investment holding company, engages in the infrastructure, real estate, and connectivity business.

Tenaris

Market Cap: €15.2b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Solid World Group

Market Cap: €19.6m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

Indivior

Market Cap: €879.6m

Develops, manufactures, and sells buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Bidvest Group

Market Cap: €76.6b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Corebridge Financial

Market Cap: €14.8b

Provides retirement solutions and insurance products in the United States.

Alaris Equity Partners Income Trust

Market Cap: €799.7m

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

Casta Diva Group

Market Cap: €22.4m

Operates as a communication company in Italy and internationally.

MINISO Group Holding

Market Cap: €4.9b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Exxaro Resources

Market Cap: €36.3b

Engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia.

Owens & Minor

Market Cap: €533.0m

Operates as a healthcare solutions company worldwide.

Aspen Pharmacare Holdings

Market Cap: €69.9b

Manufactures and supplies specialty and branded pharmaceutical products worldwide.

Mattel

Market Cap: €5.0b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

McBride

Market Cap: €239.9m

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, Asia-Pacific, and internationally.It operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.

Nordea Bank Abp

Market Cap: €38.0b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Allied Properties Real Estate Investment Trust

Market Cap: €2.1b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

Pollard Banknote

Market Cap: €500.5m

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

FirstRand

Market Cap: €391.5b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Srisawad Corporation

Market Cap: ฿42.7b

Provides financial services in Thailand and internationally.

MC Group

Market Cap: ฿7.5b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.