Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Janus International Group

Market Cap: US$694.3m

Manufactures and supplies turn-key self-storage, commercial, and industrial building solutions in North America and internationally.

FirstSun Capital Bancorp

Market Cap: US$1.0b

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in the United States.

High Tide

Market Cap: CA$276.0m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Fresenius SE KGaA

Market Cap: €24.6b

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

Hollywood Bowl Group

Market Cap: UK£398.0m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and Canada.

Andritz

Market Cap: €6.1b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Addus HomeCare

Market Cap: US$1.7b

Provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States.

Acrow

Market Cap: €267.9m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Accenture

Market Cap: €118.2b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Andritz

Market Cap: €6.1b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Banco Latinoamericano de Comercio Exterior S. A

Market Cap: US$1.8b

Banco Latinoamericano de Comercio Exterior, S.

Arnoldo Mondadori Editore

Market Cap: €512.1m

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

Business First Bancshares

Market Cap: US$870.1m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

FRP Advisory Group

Market Cap: UK£259.7m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

MTU Aero Engines

Market Cap: €16.0b

Engages in the development, manufacture, sale, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Qiagen

Market Cap: US$8.1b

Provides sample to insight solutions that transform biological samples into molecular insights worldwide.

Angel Oak Mortgage REIT

Market Cap: US$198.3m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Autoliv

Market Cap: €7.7b

Through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in the Americas, Europe, China, and Asia.

ACI Worldwide

Market Cap: US$4.1b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and worldwide.

Infotel

Market Cap: €240.7m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Grupa Pracuj

Market Cap: €2.5b

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

CENIT

Market Cap: €52.4m

Provides software solutions and associated software consulting and integration services.

Howden Joinery Group

Market Cap: UK£4.2b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Demant

Market Cap: DKK 39.2b

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

Oshkosh

Market Cap: US$8.8b

Provides purpose-built vehicles and equipment worldwide.

EVS Broadcast Equipment

Market Cap: €437.7m

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

Elixirr International

Market Cap: €288.4m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

Mersen

Market Cap: €525.9m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

OceanaGold

Market Cap: €9.2b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Tristel

Market Cap: UK£177.3m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

A.G. BARR

Market Cap: UK£686.6m

Manufactures, distributes, and sells soft drinks and cocktail solutions in the United Kingdom and internationally.

Bertrandt

Market Cap: €148.6m

Provides engineering services.

Summerset Group Holdings

Market Cap: AU$2.3b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

ProCredit Holding

Market Cap: €424.1m

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