Global Potentially Undervalued Companies

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Thungela Resources

Market Cap: €12.0b

Engages in the mining and production of thermal coal in South Africa and Australia.

Perrigo

Market Cap: €3.6b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Fidelity National Financial

Market Cap: €15.0b

Provides various insurance products in the United States.

Valeura Energy

Market Cap: €770.5m

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

Nilfisk Holding

Market Cap: €2.5b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Exxaro Resources

Market Cap: €35.5b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

SergeFerrari Group

Market Cap: €60.1m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

Otsuka Holdings

Market Cap: €3.7t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

Seiko Epson

Market Cap: €590.4b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

Pollard Banknote

Market Cap: €559.8m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

DOF Group

Market Cap: €21.9b

Owns and operates a fleet of offshore and subsea vessels.

Absa Group

Market Cap: €144.7b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

ADENTRA

Market Cap: CA$660.5m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Kenmare Resources

Market Cap: UK£347.5m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

FNM

Market Cap: €178.3m

Engages in the railway mobility business in Italy.

Robert Walters

Market Cap: €137.5m

Provides professional recruitment consultancy services worldwide.

TotalEnergies

Market Cap: €115.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Origin Enterprises

Market Cap: €378.3m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Lindblad Expeditions Holdings

Market Cap: US$598.0m

Provides marine expedition adventures and travel experience worldwide.

Magna Mining

Market Cap: US$325.6m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

Diebold Nixdorf

Market Cap: US$1.8b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Arnoldo Mondadori Editore

Market Cap: €564.6m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Merchants Bancorp

Market Cap: US$1.5b

Operates as the diversified bank holding company in the United States.

Lithia Motors

Market Cap: €8.3b

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

CNB Financial

Market Cap: US$453.4m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Gauzy

Market Cap: US$147.1m

An integrated light and vision control company, develops, manufactures, and supplies vision and light control technologies in Israel, the United States, France, rest of Europe, Asia, and internationally.

CES Energy Solutions

Market Cap: €1.5b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Ultimate Products

Market Cap: UK£63.1m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Steelcase

Market Cap: €1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

CENIT

Market Cap: €78.3m

Operates as an IT consultancy and software company that serves manufacturing and financial services industries in Germany, Austria, Switzerland, North America, Romania, France, Belgium, the Netherlands, and China.

ACM Research

Market Cap: €1.5b

Develops, manufactures, and sells capital equipment worldwide.

Bosideng International Holdings

Market Cap: €50.3b

Engages in the apparel business in the People’s Republic of China.