Global Potentially Undervalued Companies

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.

BioArctic

Market Cap: SEK 15.5b

Develops biological drugs for patients with central nervous system disorders in Sweden.

Norsk Hydro

Market Cap: NOK 110.7b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

lastminute.com

Market Cap: CHF 170.9m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Seiko Epson

Market Cap: €602.6b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

Vetoquinol

Market Cap: €865.8m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products in Europe, the Americas, and the Asia Pacific region.

FNM

Market Cap: €189.2m

Engages in the railway mobility business in Italy.

Absa Group

Market Cap: €143.5b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Austevoll Seafood

Market Cap: NOK 19.9b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

M.P. Evans Group

Market Cap: €546.8m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

Bidvest Group

Market Cap: €81.2b

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

Bosideng International Holdings

Market Cap: €51.9b

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

China Hongqiao Group

Market Cap: €132.5b

An investment holding company, manufactures and sells aluminum products.

Pollard Banknote

Market Cap: €556.2m

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

Arnoldo Mondadori Editore

Market Cap: €549.0m

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

HORIBA

Market Cap: €427.1b

Manufactures and sells instruments and systems in worldwide.

Thungela Resources

Market Cap: €12.2b

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

Lithia Motors

Market Cap: €8.2b

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

TotalEnergies

Market Cap: €114.2b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Origin Enterprises

Market Cap: €378.3m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Otsuka Holdings

Market Cap: €3.6t

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

Valeura Energy

Market Cap: €771.6m

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

ANTA Sports Products

Market Cap: €268.4b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Kenmare Resources

Market Cap: UK£339.1m

Engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally.

Gauzy

Market Cap: US$158.3m

An integrated light and vision control company, develops, manufactures, and supplies vision and light control technologies in Israel, the United States, France, rest of Europe, Asia, and internationally.

CENIT

Market Cap: €73.6m

Operates as an IT consultancy and software company that serves manufacturing and financial services industries in Germany, Austria, Switzerland, North America, Romania, France, Belgium, the Netherlands, and China.

Ultimate Products

Market Cap: €64.3m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Loomis

Market Cap: SEK 25.6b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

Colabor Group

Market Cap: CA$83.7m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

Huhtamäki Oyj

Market Cap: €3.5b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Kuaishou Technology

Market Cap: €220.1b

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

BWG

Market Cap: NOK 16.0b

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

Exxaro Resources

Market Cap: €35.3b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Lenovo Group

Market Cap: €113.6b

An investment holding company, develops, manufactures, and markets technology products and services.