Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$106.1b

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

BYD Electronic (International)

Market Cap: US$82.3b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Sonic Healthcare

Market Cap: US$10.5b

Offers medical diagnostic services, and administrative services and facilities to medical practitioners in Australia, the United States, Germany, and internationally.

Aalberts

Market Cap: €3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

BWG

Market Cap: NOK 20.3b

An investment holding company, engages in ship owning and chartering activities worldwide.

Xerox Holdings

Market Cap: US$425.0m

Operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally.

Mattel

Market Cap: US$5.7b

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 19.2b

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.

Crown Castle

Market Cap: US$39.3b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Taylor Morrison Home

Market Cap: €5.8b

Operates as a land developer and homebuilder in the United States.

Align Technology

Market Cap: €10.0b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Befesa

Market Cap: €1.1b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

Veolia Environnement

Market Cap: €21.0b

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

Flow Traders

Market Cap: €1.0b

Operates as a financial technology-enabled multi-asset class liquidity provider in Europe, the Americas, and Asia.

Capgemini

Market Cap: €22.7b

Provides 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.

Rithm Capital

Market Cap: US$6.1b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

ConocoPhillips

Market Cap: US$111.0b

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

Huhtamäki Oyj

Market Cap: €3.1b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

KH Neochem

Market Cap: JP¥96.6b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Hikma Pharmaceuticals

Market Cap: €4.1b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Genpact

Market Cap: €6.6b

Provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe.

Mattel

Market Cap: €5.7b

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.

Comcast

Market Cap: €102.8b

Operates as a media and technology company worldwide.

Tingyi (Cayman Islands) Holding

Market Cap: €60.1b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

China Resources Land

Market Cap: HK$200.1b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Anker Innovations

Market Cap: CN¥62.7b

Develops and sells mobile charging products.

Tenaga Nasional Berhad

Market Cap: RM 77.4b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Stanmore Resources

Market Cap: AU$1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Adairs

Market Cap: AU$360.0m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Centurion

Market Cap: S$1.2b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Aurelia Metals

Market Cap: AU$414.7m

Engages in the exploration and production of mineral properties in Australia.

C&D International Investment Group

Market Cap: HK$35.7b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Sasseur Real Estate Investment Trust

Market Cap: S$872.8m

Invests in a portfolio of real estate and related assets.

Aeris Resources

Market Cap: AU$446.9m

Explores, produces, and sells precious metals in Australia.

China Overseas Property Holdings

Market Cap: HK$15.9b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.