Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

ICG

Market Cap: UK£5.5b

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

CellaVision

Market Cap: SEK 3.8b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Sulzer

Market Cap: CHF 4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

Robert Walters

Market Cap: UK£89.8m

Provides professional recruitment consultancy services worldwide.

q.beyond

Market Cap: €91.2m

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

Carmila

Market Cap: €2.3b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺27.1b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

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.

Eiffage

Market Cap: €10.8b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

National Medical Care

Market Cap: ر.س7.0b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Morgan Advanced Materials

Market Cap: UK£552.4m

Manufactures and sells various carbon and ceramic products.

Koenig & Bauer

Market Cap: €166.2m

Develops and manufactures printing and postprint systems worldwide.

GL Events

Market Cap: €797.8m

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

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.

Compagnie des Alpes

Market Cap: €1.0b

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

PORR

Market Cap: €1.0b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Middle East Healthcare

Market Cap: ر.س3.9b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Esprinet

Market Cap: €271.9m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

SMU

Market Cap: CL$870.8b

Operates as a food retailer in Chile and Peru.

GL Events

Market Cap: €797.8m

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

Ernst Russ

Market Cap: €233.8m

A publicly owned investment manager.

LPKF Laser & Electronics

Market Cap: €138.9m

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

ConocoPhillips

Market Cap: €110.5b

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

Altea Green Power

Market Cap: €111.1m

Supplies and manages renewable energy plants in Italy and the United States.

Kimberly-Clark

Market Cap: €34.7b

Manufactures and markets personal care products in the United States.

Demant

Market Cap: DKK 46.3b

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

EVS Broadcast Equipment

Market Cap: €487.5m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

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.

Cadeler

Market Cap: NOK 16.2b

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

PayPal Holdings

Market Cap: €61.1b

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

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.

Tokmanni Group Oyj

Market Cap: €426.8m

Operates as a variety discount retailer in Finland, Sweden, and Denmark.

EOG Resources

Market Cap: €59.3b

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.

United Bank for Africa

Market Cap: ₦1.6t

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

LPKF Laser & Electronics

Market Cap: €138.9m

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