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$108.7b

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

Sangoma Technologies

Market Cap: US$240.3m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Capital Bancorp

Market Cap: US$458.9m

Operates as the bank holding company for Capital Bank, N.A.

Brinker International

Market Cap: €5.0b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Koenig & Bauer

Market Cap: €166.2m

Develops and manufactures printing and postprint systems worldwide.

Yelp

Market Cap: US$1.7b

Operates a platform that connects consumers with local businesses in the United States and internationally.

DNO

Market Cap: NOK 14.6b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Andean Precious Metals

Market Cap: €1.0b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Theon International

Market Cap: €2.0b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.

Curaleaf Holdings

Market Cap: US$2.2b

Produces and distributes cannabis products in the United States and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥74.7b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Highwood Asset Management

Market Cap: CA$72.8m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Exact Sciences

Market Cap: €12.7b

Provides cancer screening and diagnostic test products in the United States and internationally.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

Bear Electric ApplianceLtd

Market Cap: CN¥7.2b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Thryv Holdings

Market Cap: US$256.2m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

FirstSun Capital Bancorp

Market Cap: US$906.7m

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 Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

Sagicor Financial

Market Cap: CA$1.1b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

Rayonier

Market Cap: US$3.4b

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States.

KH Neochem

Market Cap: JP¥84.4b

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

Sulzer

Market Cap: CHF 4.5b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.1b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Monash IVF Group

Market Cap: AU$237.7m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Comcast

Market Cap: €100.2b

Operates as a media and technology company worldwide.

KBR

Market Cap: US$5.3b

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

Align Technology

Market Cap: €9.8b

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

Flow Traders

Market Cap: €1.0b

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

Wolters Kluwer

Market Cap: €21.5b

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

FDJ United

Market Cap: €4.4b

Engages in the gaming operation and distribution business in France and internationally.

On the Beach Group

Market Cap: €302.8m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

Manufactures and sells steel structures and supporting products in China and internationally.

Kapsch TrafficCom

Market Cap: €87.5m

Provides intelligent transportation systems technologies, solutions, and services in Austria, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas.

ACI Worldwide

Market Cap: US$4.8b

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

Carnival Corporation &

Market Cap: €33.9b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Regional Management

Market Cap: US$364.9m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.