Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

ARYZTA

Market Cap: CHF 1.3b

Provides products and services for in-store bakery solutions in Europe and internationally.

ICG

Market Cap: UK£5.9b

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

DaVita

Market Cap: €8.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

EOG Resources

Market Cap: €56.2b

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.

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.

Sanofi

Market Cap: €100.1b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.7b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Kimberly-Clark

Market Cap: €33.5b

Manufactures and markets personal care products in the United States.

Koenig & Bauer

Market Cap: €176.8m

Develops and manufactures printing and postprint systems worldwide.

MONY Group

Market Cap: UK£965.7m

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

Crown Castle

Market Cap: US$38.4b

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.

Kaufman & Broad

Market Cap: €577.6m

Operates as a property developer and builder in France.

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.

Premier Foods

Market Cap: UK£1.5b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Stillfront Group

Market Cap: SEK 3.3b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

L.D.C

Market Cap: €3.1b

Produces and sells poultry and processed products in France and internationally.

Talgo

Market Cap: €346.6m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Gesco

Market Cap: €146.5m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

KBR

Market Cap: US$5.1b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

TAKKT

Market Cap: €235.9m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Altea Green Power

Market Cap: €124.9m

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

INDUS Holding

Market Cap: €689.6m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Prosegur Cash

Market Cap: €918.6m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

LPKF Laser & Electronics

Market Cap: €133.0m

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

Jazz Pharmaceuticals

Market Cap: €10.4b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.

Valeura Energy

Market Cap: €868.6m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Econocom Group

Market Cap: €267.3m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Wolters Kluwer

Market Cap: €20.1b

Provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally.

ProSiebenSat.1 Media

Market Cap: €1.1b

Operates as a media company in Germany, Austria, Switzerland, the United States, 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.

Arcadis

Market Cap: €3.1b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Robert Walters

Market Cap: UK£90.8m

Provides professional recruitment consultancy services worldwide.

Grupa Pracuj

Market Cap: zł3.2b

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

Cheniere Energy

Market Cap: €40.7b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.