Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Cabka

Market Cap: €41.3m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

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.

CDW

Market Cap: €16.5b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

FRP Advisory Group

Market Cap: UK£322.5m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

ICG

Market Cap: UK£5.2b

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

Grupa Pracuj

Market Cap: zł3.3b

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

Cheniere Energy

Market Cap: €45.5b

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

Haiki+

Market Cap: €78.0m

Engages in the treatment, management, and valorization of waste in Italy.

DaVita

Market Cap: €7.7b

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

Demant

Market Cap: DKK 46.9b

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

Loomis

Market Cap: SEK 24.7b

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

Sword Group

Market Cap: €344.8m

Provides IT and software solutions.

q.beyond

Market Cap: €100.9m

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

NetApp

Market Cap: €19.1b

Provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Gamma Communications

Market Cap: UK£836.3m

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

Quanex Building Products

Market Cap: US$860.0m

Manufactures and distributes components for original equipment manufacturers (OEM) in the building products industry in the United States, Europe, Canada, Asia, and internationally.

Merck KGaA

Market Cap: US$54.6b

Operates as a science and technology company in Germany and internationally.

Infinity Natural Resources

Market Cap: US$966.7m

Engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

Sanofi

Market Cap: €95.7b

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

Ventura Offshore Holding

Market Cap: NOK 2.4b

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

CellaVision

Market Cap: SEK 3.5b

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

Gecina

Market Cap: €5.7b

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.

ACI Worldwide

Market Cap: US$4.5b

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

Arjo

Market Cap: SEK 7.3b

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

Slide Insurance Holdings

Market Cap: US$2.1b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

América Móvil. de

Market Cap: Mex$1.1t

Provides telecommunications services in Latin America and internationally.

MONY Group

Market Cap: UK£977.2m

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

Herc Holdings

Market Cap: US$4.8b

Operates as an equipment rental supplier in the United States and internationally.

Delta Air Lines

Market Cap: €42.7b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

Intertek Group

Market Cap: US$6.9b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

American Integrity Insurance Group

Market Cap: €365.9m

Operates as an insurance company.

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Torex Gold Resources

Market Cap: US$6.3b

Operates as an intermediate gold producer.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.8b

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.

C&A Modas

Market Cap: R$3.6b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.