Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Amneal Pharmaceuticals

Market Cap: €2.8b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

Valeura Energy

Market Cap: €879.6m

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

Transcontinental

Market Cap: €1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Helmerich & Payne

Market Cap: US$1.7b

Provides drilling solutions and technologies for oil and gas exploration and production companies.

Enhabit

Market Cap: €369.0m

Provides home health and hospice services in the United States.

Torex Gold Resources

Market Cap: US$3.6b

Operates as an intermediate gold producer.

Transcontinental

Market Cap: CA$1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Hollywood Bowl Group

Market Cap: UK£429.8m

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

Grafton Group

Market Cap: €1.7b

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

PLDT

Market Cap: US$284.1b

Provides telecommunications and digital services in the Philippines.

Sanofi

Market Cap: €99.6b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Hikma Pharmaceuticals

Market Cap: €4.0b

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

Ero Copper

Market Cap: CA$1.9b

Engages in the exploration, development, and production of mining projects in Brazil.

Renault

Market Cap: €8.8b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

ProCredit Holding

Market Cap: €557.2m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Serabi Gold

Market Cap: CA$153.0m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Angel Oak Mortgage REIT

Market Cap: US$216.0m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Pollard Banknote

Market Cap: €573.8m

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

CES Energy Solutions

Market Cap: €1.6b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Arnoldo Mondadori Editore

Market Cap: €528.2m

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

Luceco

Market Cap: €194.0m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

q.beyond

Market Cap: €114.1m

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

Axalta Coating Systems

Market Cap: US$6.1b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Singulus Technologies

Market Cap: €15.6m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

Cosmo Pharmaceuticals

Market Cap: CHF 887.8m

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

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

Market Cap: ج.م34.0b

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

ACI Worldwide

Market Cap: US$4.6b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Rainbow Tours

Market Cap: €1.9b

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

Ribbon Communications

Market Cap: US$711.9m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Geely Automobile Holdings

Market Cap: US$194.4b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Aica Kogyo Company

Market Cap: €234.0b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Bidvest Group

Market Cap: €81.2b

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

Business First Bancshares

Market Cap: US$688.3m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

DOF Group

Market Cap: €23.4b

Owns and operates a fleet of offshore and subsea vessels.