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.

Adaro Minerals Indonesia

Market Cap: Rp42.1t

Engages in metallurgical coal mining business in Indonesia.

Ag Growth International

Market Cap: CA$734.9m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

Merchants Bancorp

Market Cap: US$1.5b

Operates as the diversified bank holding company in the United States.

Lindblad Expeditions Holdings

Market Cap: US$585.9m

Provides marine expedition adventures and travel experience worldwide.

Steelcase

Market Cap: US$1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

DorianG

Market Cap: US$949.4m

Engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.

BioArctic

Market Cap: SEK 15.5b

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

MGM Resorts International

Market Cap: US$8.7b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

ACM Research

Market Cap: €1.5b

Develops, manufactures, and sells capital equipment worldwide.

Alta Equipment Group

Market Cap: US$167.9m

Owns and operates integrated equipment dealership platforms in the United States and Canada.

Fidelity National Financial

Market Cap: €14.9b

Provides various insurance products in the United States.

Norsk Hydro

Market Cap: NOK 110.7b

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

Ultimate Products

Market Cap: UK£64.3m

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

Asahi Group Holdings

Market Cap: €2.9t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Regional Management

Market Cap: €266.5m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

urban-gro

Market Cap: US$4.4m

Engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe.

Casta Diva Group

Market Cap: €28.1m

Operates as a communication company in Italy and internationally.

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.

LKQ

Market Cap: US$10.5b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

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.

Regional Management

Market Cap: US$266.5m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

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.

Royalty Pharma

Market Cap: US$18.4b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Arnoldo Mondadori Editore

Market Cap: €549.0m

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

Sangoma Technologies

Market Cap: US$268.0m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.