Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Middle East Healthcare

Market Cap: ر.س3.3b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

United Bank for Africa

Market Cap: ₦1.9t

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

Grupa Pracuj

Market Cap: zł3.4b

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

Summerset Group Holdings

Market Cap: AU$2.9b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Gamma Communications

Market Cap: UK£846.9m

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

NetApp

Market Cap: €19.7b

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.

Altea Green Power

Market Cap: €152.8m

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

DaVita

Market Cap: €7.7b

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

Sanofi

Market Cap: €95.9b

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

ICG

Market Cap: UK£5.5b

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

Ventura Offshore Holding

Market Cap: NOK 2.3b

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

Inseego

Market Cap: US$185.6m

Engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments in the United Stated, Europe, and internationally.

Cabka

Market Cap: €41.1m

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

Kaufman & Broad

Market Cap: €578.6m

Operates as a property developer and builder in France.

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.

Allstate

Market Cap: €51.1b

Provides property and casualty, and other insurance products in the United States and Canada.

EOG Resources

Market Cap: €57.7b

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.

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.

FRP Advisory Group

Market Cap: UK£322.5m

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

MERLIN Properties SOCIMI

Market Cap: €7.0b

MERLIN Properties SOCIMI, S.A. (MC:MRL) is the largest real estate and infrastructure company trading on the Spanish Stock Exchange.

BFF Bank

Market Cap: €1.6b

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

Carnival Corporation &

Market Cap: €37.4b

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

Chorus Aviation

Market Cap: CA$550.6m

Through its subsidiaries, provides aviation services.

M.P. Evans Group

Market Cap: €683.7m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

CSL

Market Cap: US$86.6b

Engages in the research, development, manufacture, market, and distribution of biopharmaceutical products and vaccines in Australia, the United States, Germany, the United Kingdom, Switzerland, China, Hong Kong, and internationally.

ANTA Sports Products

Market Cap: €215.5b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Arnoldo Mondadori Editore

Market Cap: €547.7m

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

Cardlytics

Market Cap: US$64.9m

Operates an advertising platform in the United States and the United Kingdom.

American Integrity Insurance Group

Market Cap: €375.5m

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.

MONY Group

Market Cap: UK£990.9m

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

TAKKT

Market Cap: €239.1m

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

Capgemini

Market Cap: €23.0b

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.

Greentown China Holdings

Market Cap: €24.6b

Engages in the development for sale of residential properties in the People’s Republic of China.

Ernst Russ

Market Cap: €258.1m

A publicly owned investment manager.