Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Middle East Healthcare

Market Cap: ر.س5.3b

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

Ultimate Products

Market Cap: €62.8m

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

Robert Walters

Market Cap: €137.5m

Provides professional recruitment consultancy services worldwide.

Magna Mining

Market Cap: US$321.6m

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

Lithia Motors

Market Cap: €8.2b

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

TotalEnergies

Market Cap: €114.7b

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.

Aica Kogyo Company

Market Cap: €227.2b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Pollard Banknote

Market Cap: €562.2m

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

Bertrandt

Market Cap: €224.9m

Provides engineering services.

Pierre et Vacances

Market Cap: €671.5m

Engages in the property development and tourism businesses in Europe and internationally.

Colabor Group

Market Cap: CA$88.8m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

Royalty Pharma

Market Cap: €18.8b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

GFT Technologies

Market Cap: €625.3m

Provides digital transformation services.

MINISO Group Holding

Market Cap: €5.6b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Ultimate Products

Market Cap: UK£62.8m

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

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: €560.7m

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

Merchants Bancorp

Market Cap: US$1.4b

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

Asahi Group Holdings

Market Cap: €2.9t

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

Origin Enterprises

Market Cap: €378.3m

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

Cenovus Energy

Market Cap: US$32.3b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

CNB Financial

Market Cap: US$445.4m

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

Bidvest Group

Market Cap: €80.7b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Bosideng International Holdings

Market Cap: €50.1b

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

ACM Research

Market Cap: €1.5b

Develops, manufactures, and sells capital equipment worldwide.

Gauzy

Market Cap: US$150.4m

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.

Koenig & Bauer

Market Cap: €215.8m

Develops and manufactures printing and postprint systems worldwide.

DOF Group

Market Cap: €21.9b

Owns and operates a fleet of offshore and subsea vessels.

China Hongqiao Group

Market Cap: €131.4b

An investment holding company, manufactures and sells aluminum products.

Regional Management

Market Cap: €266.4m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Kumba Iron Ore

Market Cap: €91.8b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

q.beyond

Market Cap: €108.9m

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

Lindblad Expeditions Holdings

Market Cap: US$591.4m

Provides marine expedition adventures and travel experience worldwide.