Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Piraeus Financial Holdings

Market Cap: €8.2b

Provides banking products and services in Greece and internationally.

EOG Resources

Market Cap: €57.0b

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.

Gamma Communications

Market Cap: UK£891.2m

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

United Bank for Africa

Market Cap: ₦1.6t

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

Altea Green Power

Market Cap: €107.6m

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

Ventura Offshore Holding

Market Cap: NOK 2.2b

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

Cadeler

Market Cap: NOK 15.2b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

ARYZTA

Market Cap: CHF 1.2b

Provides products and services for in-store bakery solutions in Europe and internationally.

DEME Group

Market Cap: €3.1b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Sword Group

Market Cap: €334.0m

Provides IT and software solutions.

JOST Werke

Market Cap: €722.7m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, the Pacific, and Africa.

Middle East Healthcare

Market Cap: ر.س4.2b

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

Nido Education

Market Cap: AU$141.2m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Ernst Russ

Market Cap: €231.1m

A publicly owned investment manager.

Eiffage

Market Cap: €10.4b

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

Austevoll Seafood

Market Cap: NOK 18.0b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

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.

Sulzer

Market Cap: CHF 4.3b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

Esprinet

Market Cap: €274.4m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

KBR

Market Cap: US$5.3b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

LPKF Laser & Electronics

Market Cap: €142.1m

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

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.

Trajan Group Holdings

Market Cap: AU$109.1m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Demant

Market Cap: DKK 47.0b

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

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺29.6b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

National Medical Care

Market Cap: ر.س7.1b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Compagnie des Alpes

Market Cap: €1.0b

Engages in the operation of leisure facilities in France and internationally.

Care Property Invest

Market Cap: €437.2m

Care Property Invest nv/SA is a Public Regulated Real Estate Company (public RREC) under Belgian law.

PORR

Market Cap: €999.6m

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

PayPal Holdings

Market Cap: €62.0b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

EVS Broadcast Equipment

Market Cap: €480.0m

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

Kaufman & Broad

Market Cap: €553.1m

Operates as a property developer and builder in France.

Sanofi

Market Cap: €104.0b

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

Kimberly-Clark

Market Cap: €33.4b

Manufactures and markets personal care products in the United States.

Gecina

Market Cap: €5.9b

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.