Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Grupa Pracuj

Market Cap: €3.1b

Operates HR technology platform in Poland, Ukraine, and Germany.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

On the Beach Group

Market Cap: €208.4m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

China Hongqiao Group

Market Cap: €280.4b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Indofood Sukses Makmur

Market Cap: €60.8t

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

Regional Management

Market Cap: €338.5m

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.

Wells Fargo

Market Cap: €237.3b

A financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

CENIT

Market Cap: €75.6m

Provides software solutions and integration services.

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.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

TAL Education Group

Market Cap: €5.9b

Provides K-12 after-school tutoring services in the People’s Republic of China.

Brinker International

Market Cap: €6.1b

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

Regis Resources

Market Cap: €4.7b

Engages in the exploration, evaluation, and development of gold projects in Australia.

DENTSPLY SIRONA

Market Cap: €2.1b

Develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide.

Pollard Banknote

Market Cap: €438.0m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Arnoldo Mondadori Editore

Market Cap: €540.8m

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

Pepper Money

Market Cap: €765.9m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Ball

Market Cap: €14.6b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

A. O. Smith

Market Cap: €7.8b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Perrigo

Market Cap: €1.5b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Bank Mandiri (Persero)

Market Cap: €380.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Forward Air

Market Cap: €334.6m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

McBride

Market Cap: €285.0m

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.

Pan African Resources

Market Cap: UK£2.3b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Pentair

Market Cap: €11.4b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

Fresenius SE KGaA

Market Cap: €20.0b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Imperial Brands

Market Cap: UK£20.8b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.7b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

ProCredit Holding

Market Cap: €468.8m

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

Northpointe Bancshares

Market Cap: €590.7m

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

Asahi Group Holdings

Market Cap: €2.2t

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

DNO

Market Cap: €17.7b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

China Life Insurance

Market Cap: €1.0t

Operates as a life insurance company in the People’s Republic of China.

Mota-Engil SGPS

Market Cap: €1.4b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Bayerische Motoren Werke

Market Cap: US$44.8b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.