Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Cheniere Energy

Market Cap: €45.0b

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

Polar Capital Holdings

Market Cap: €508.1m

Polar Capital Holdings plc is a publicly owned investment manager.

F5

Market Cap: €13.9b

Provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region.

Compagnie de Saint-Gobain

Market Cap: €41.4b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Capgemini

Market Cap: €23.3b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Robert Walters

Market Cap: €92.7m

Provides professional recruitment consultancy services worldwide.

DOF Group

Market Cap: €23.4b

Owns and operates a fleet of offshore and subsea vessels.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Open Text

Market Cap: €8.3b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Origin Enterprises

Market Cap: €413.9m

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

Econocom Group

Market Cap: €264.3m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Robert Walters

Market Cap: UK£92.7m

Provides professional recruitment consultancy services worldwide.

ICG

Market Cap: UK£5.8b

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

Carnival Corporation &

Market Cap: €33.7b

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

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Asahi Group Holdings

Market Cap: €2.6t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

LPKF Laser & Electronics

Market Cap: €142.1m

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

Premier Foods

Market Cap: UK£1.5b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Carmila

Market Cap: €2.4b

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.

Koenig & Bauer

Market Cap: €165.6m

Develops and manufactures printing and postprint systems worldwide.

Skymark Airlines

Market Cap: €22.4b

Provides scheduled air transportation services.

Curaleaf Holdings

Market Cap: US$2.5b

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

Quanex Building Products

Market Cap: US$605.3m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

Chorus Aviation

Market Cap: CA$544.7m

Through its subsidiaries, provides aviation services.

TravelSky Technology

Market Cap: US$31.5b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Lithia Motors

Market Cap: €7.7b

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

Sabio Holdings

Market Cap: CA$15.4m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

Dell Technologies

Market Cap: US$91.1b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

GFT Technologies

Market Cap: €459.9m

Provides digital transformation services.

Flowco Holdings

Market Cap: US$1.5b

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

MarineMax

Market Cap: US$513.7m

Operates as a recreational boat and yacht retailer and superyacht services company in the United States.

Arnoldo Mondadori Editore

Market Cap: €532.1m

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

CEWE Stiftung KGaA

Market Cap: €689.8m

Operates as a photo service and online printing provider in Germany and internationally.

Globe Life

Market Cap: US$10.4b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Transcontinental

Market Cap: CA$1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.