Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Talgo

Market Cap: €367.1m

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

Gecina

Market Cap: €5.0b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Lithia Motors

Market Cap: €5.7b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Oracle Corporation Japan

Market Cap: €1.2t

Provides software, hardware, and cloud products and solutions in Japan.

Aston Martin Lagonda Global Holdings

Market Cap: UK£371.6m

Engages in the design, development, manufacture, and marketing of luxury sports cars in the United Kingdom, the Americas, the Middle East, Africa, rest of Europe, and the Asia Pacific.

Oceania Healthcare

Market Cap: AU$535.9m

Owns and operates retirement villages and care centres in New Zealand.

Intrum

Market Cap: €5.1b

Provides payment solutions, and credit and collection services in Europe and internationally.

q.beyond

Market Cap: €89.7m

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

Eiffage

Market Cap: €12.3b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Victrex

Market Cap: UK£469.2m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

NetEase

Market Cap: US$577.8b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Abercrombie & Fitch

Market Cap: US$4.0b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

China Hongqiao Group

Market Cap: €344.3b

An investment holding company, manufactures and sells aluminum products.

Pollard Banknote

Market Cap: €494.8m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

EVS Broadcast Equipment

Market Cap: €437.0m

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

Aegon

Market Cap: €9.0b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Arjo

Market Cap: SEK 6.7b

Develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia, Latin America, Africa, and Pacific.

ACM Research

Market Cap: €2.9b

Develops, manufactures, and sells capital equipment in Mainland China and internationally.

Banca IFIS

Market Cap: €1.3b

Provides financial services and solutions for enterprises.

Umicore

Market Cap: €3.7b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

MINISO Group Holding

Market Cap: €5.0b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Standard Chartered

Market Cap: €33.8b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Lundin Mining

Market Cap: US$25.2b

A diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, and Argentina.

Luckin Coffee

Market Cap: US$10.5b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

Bayerische Motoren Werke

Market Cap: US$46.0b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Green Thumb Industries

Market Cap: €2.0b

Manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States.

Euroseas

Market Cap: US$462.2m

Provides ocean-going transportation services worldwide.

Geely Automobile Holdings

Market Cap: US$210.5b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

ICG

Market Cap: UK£4.2b

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

Maisons du Monde

Market Cap: €39.1m

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

Hanmi Financial

Market Cap: US$751.7m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Alaris Equity Partners Income Trust

Market Cap: €904.1m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Altea Green Power

Market Cap: €118.2m

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