Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Kaufman & Broad

Market Cap: €565.8m

Operates as a property developer and builder in France.

ICG

Market Cap: UK£5.5b

A private equity firm specializing in direct and fund of fund investments.

United Bank for Africa

Market Cap: ₦1.6t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

EOG Resources

Market Cap: €59.9b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

ACT Energy Technologies

Market Cap: CA$170.0m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Surgery Partners

Market Cap: US$2.0b

Owns and operates a network of surgical facilities and ancillary services in the United States.

Talgo

Market Cap: €357.6m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Ventura Offshore Holding

Market Cap: NOK 2.3b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Koenig & Bauer

Market Cap: €166.2m

Develops and manufactures printing and postprint systems worldwide.

Gecina

Market Cap: €6.0b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

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.

HORNBACH Holding KGaA

Market Cap: €1.4b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Alaris Equity Partners Income Trust

Market Cap: €880.0m

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

Wesdome Gold Mines

Market Cap: €3.1b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Lenovo Group

Market Cap: €130.2b

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

MINISO Group Holding

Market Cap: €6.5b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Gamma Communications

Market Cap: UK£888.4m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

GL Events

Market Cap: €797.8m

Provides integrated solutions and services for events in France and internationally.

LPKF Laser & Electronics

Market Cap: €138.9m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

Compagnie des Alpes

Market Cap: €1.0b

Engages in the operation of leisure facilities in France and internationally.

GL Events

Market Cap: €797.8m

Provides integrated solutions and services for events in France and internationally.

ConocoPhillips

Market Cap: €112.9b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

LPKF Laser & Electronics

Market Cap: €138.9m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

Demant

Market Cap: DKK 46.3b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

Cadeler

Market Cap: NOK 16.2b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Compagnie de Saint-Gobain

Market Cap: €40.8b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

NETGEAR

Market Cap: US$787.9m

Provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific.

Kuaishou Technology

Market Cap: €290.1b

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

SMU

Market Cap: CL$870.8b

Operates as a food retailer in Chile and Peru.

Asahi Group Holdings

Market Cap: €2.6t

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

Rainbow Tours

Market Cap: €1.8b

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

Barrett Business Services

Market Cap: US$912.2m

Provides business management solutions for small and mid-sized companies in the United States.

Lithia Motors

Market Cap: €7.1b

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

PayPal Holdings

Market Cap: Mex$58.8b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.