Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia.

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.

Nexus Industrial REIT

Market Cap: CA$658.2m

A growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Carnival Corporation &

Market Cap: €27.4b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Douglas Dynamics

Market Cap: US$554.9m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.

Capgemini

Market Cap: €24.8b

Engages in the provision of consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Yuexiu Transport Infrastructure

Market Cap: €6.3b

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

Orion Group Holdings

Market Cap: US$229.6m

Operates as a specialty construction company in the infrastructure, industrial, and building sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin.

Gecina

Market Cap: €6.4b

As a specialist for centrality and uses, Gecina operates innovative and sustainable living spaces.

Lenovo Group

Market Cap: €140.2b

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

Ultimate Products

Market Cap: UK£62.7m

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

Regional Management

Market Cap: €301.6m

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.

Fomento de Construcciones y Contratas

Market Cap: €4.9b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

Ecora Resources

Market Cap: €154.8m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

Invesco

Market Cap: €6.9b

A publicly owned investment manager.

PENN Entertainment

Market Cap: €2.5b

Provides integrated entertainment, sports content, and casino gaming experiences.

Nilfisk Holding

Market Cap: €2.6b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Travis Perkins

Market Cap: UK£1.2b

Engages in distribution of building material products in the United Kingdom.

Five9

Market Cap: €2.2b

Provides intelligent cloud software for contact centers in the United States and internationally.

Fortune Brands Innovations

Market Cap: US$7.7b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

OceanaGold

Market Cap: €3.0b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

Kite Realty Group Trust

Market Cap: US$5.0b

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets.

Wynn Resorts

Market Cap: Mex$8.7b

Designs, develops, and operates integrated resorts.

DorianG

Market Cap: US$999.1m

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

Rede D'Or São Luiz

Market Cap: R$63.7b

Operates a network of hospitals in Brazil.

4imprint Group

Market Cap: UK£1.1b

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

SAF-Holland

Market Cap: €772.6m

Manufactures and supplies chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥290.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Shanghai Baosight SoftwareLtd

Market Cap: CN¥75.1b

Provides industrial solutions in China.

Tangrenshen Group

Market Cap: CN¥7.1b

Engages in the producing, processing, breeding, slaughtering, and selling of pig meat and feed products in China.

FedEx

Market Cap: US$55.2b

Provides transportation, e-commerce, and business services in the United States and internationally.

Taboola.com

Market Cap: €982.3m

Operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally.

Arkema

Market Cap: €5.7b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Renew Holdings

Market Cap: €542.2m

Provides engineering services in the United Kingdom.

Guangdong Haid Group

Market Cap: CN¥81.0b

Researches, develops, produces, sells, and services animal feed products in China and internationally.