Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Carlsberg

Market Cap: US$110.2b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Huron Consulting Group

Market Cap: US$2.3b

Provides consultancy and managed services in the United States and internationally.

Royalty Pharma

Market Cap: US$21.5b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Diebold Nixdorf

Market Cap: US$2.2b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Veolia Environnement

Market Cap: €20.4b

Designs and provides water, waste, and energy management solutions.

q.beyond

Market Cap: €111.6m

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

Mattel

Market Cap: €6.0b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Austevoll Seafood

Market Cap: NOK 18.6b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

GFT Technologies

Market Cap: €437.8m

Provides digital transformation services.

Origin Enterprises

Market Cap: €412.0m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Perrigo

Market Cap: €3.2b

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

Flowco Holdings

Market Cap: US$1.5b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Asahi Group Holdings

Market Cap: €2.9t

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

Bidvest Group

Market Cap: €73.5b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Koenig & Bauer

Market Cap: €224.1m

Develops and manufactures printing and postprint systems worldwide.

Casta Diva Group

Market Cap: €11.9m

Operates as a communication company in Italy and internationally.

Gecina

Market Cap: €6.2b

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

MGM Resorts International

Market Cap: US$10.1b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

Grand Pharmaceutical Group

Market Cap: €31.4b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Royal Unibrew

Market Cap: DKK 24.3b

Provides beer, soft drinks, malt beverages, energy drinks, cider/ready to drink, juice, water, and wine and spirits.

ABM Industries

Market Cap: US$3.0b

Through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally.

TravelSky Technology

Market Cap: US$31.5b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

DOF Group

Market Cap: €23.9b

Owns and operates a fleet of offshore and subsea vessels.

MONY Group

Market Cap: UK£1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

PLDT

Market Cap: US$243.1b

Provides telecommunications and digital services in the Philippines.

Ag Growth International

Market Cap: CA$767.8m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

Rainbow Tours

Market Cap: €2.0b

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

ACT Energy Technologies

Market Cap: CA$168.3m

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

Cosmo Pharmaceuticals

Market Cap: CHF 1.0b

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

Koenig & Bauer

Market Cap: €224.1m

Develops and manufactures printing and postprint systems worldwide.

Carmila

Market Cap: €2.4b

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.

Ribbon Communications

Market Cap: US$736.7m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Maisons du Monde

Market Cap: €70.3m

Through its subsidiaries, provides home and living room related products in France and internationally.

d'Amico International Shipping

Market Cap: €477.3m

Through its subsidiaries, operates as a marine transportation company worldwide.