Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Ernst Russ

Market Cap: €227.1m

A publicly owned investment manager.

Koenig & Bauer

Market Cap: €175.8m

Develops and manufactures printing and postprint systems worldwide.

CellaVision

Market Cap: SEK 3.7b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Austevoll Seafood

Market Cap: NOK 18.0b

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.

Bonheur

Market Cap: NOK 9.7b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Jazz Pharmaceuticals

Market Cap: €10.0b

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

Gamma Communications

Market Cap: UK£833.2m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Demant

Market Cap: DKK 46.4b

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

LPKF Laser & Electronics

Market Cap: €135.2m

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

United Bank for Africa

Market Cap: ₦1.6t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Sanofi

Market Cap: €101.4b

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

lastminute.com

Market Cap: CHF 134.3m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Sword Group

Market Cap: €336.8m

Provides IT and software solutions.

Carmila

Market Cap: €2.3b

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.

Austriacard Holdings

Market Cap: €200.9m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Ventura Offshore Holding

Market Cap: NOK 2.0b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

DaVita

Market Cap: €8.5b

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

EOG Resources

Market Cap: €59.4b

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.

EVS Broadcast Equipment

Market Cap: €477.9m

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

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.

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

LPKF Laser & Electronics

Market Cap: €135.2m

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

Kaufman & Broad

Market Cap: €582.5m

Operates as a property developer and builder in France.

ARYZTA

Market Cap: CHF 1.3b

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

Robert Walters

Market Cap: UK£84.8m

Provides professional recruitment consultancy services worldwide.

Auto Trader Group

Market Cap: UK£5.1b

Operates an automotive platform in the United Kingdom.

ICG

Market Cap: UK£5.9b

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

Loomis

Market Cap: SEK 25.0b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

BAE Systems

Market Cap: €50.6b

Provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Japan, Europe, and internationally.

Flowco Holdings

Market Cap: US$1.7b

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

Euroseas

Market Cap: US$407.7m

Provides ocean-going transportation services worldwide.

Torex Gold Resources

Market Cap: US$6.2b

Operates as an intermediate gold producer.

Iluka Resources

Market Cap: US$2.5b

Engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally.

TAKKT

Market Cap: €239.8m

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