Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Altea Green Power

Market Cap: €117.8m

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

Chorus Aviation

Market Cap: CA$620.3m

Through its subsidiaries, provides aviation services.

Gecina

Market Cap: €6.0b

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.

Cyfrowy Polsat

Market Cap: €8.5b

Provides digital satellite platform and terrestrial television (TV), and telecommunication services primarily in Poland.

Compagnie des Alpes

Market Cap: €1.0b

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

ProSiebenSat.1 Media

Market Cap: €1.2b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Axalta Coating Systems

Market Cap: US$6.1b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Robert Walters

Market Cap: UK£99.0m

Provides professional recruitment consultancy services worldwide.

Security Bank

Market Cap: ₱52.4b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Gildan Activewear

Market Cap: CA$12.2b

Manufactures and sells various apparel products.

LPKF Laser & Electronics

Market Cap: €161.4m

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

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Euroseas

Market Cap: US$403.2m

Provides ocean-going transportation services worldwide.

AKVA group

Market Cap: NOK 3.3b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Carmila

Market Cap: €2.2b

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.

China Mengniu Dairy

Market Cap: €55.0b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Burford Capital

Market Cap: US$2.2b

Provides legal finance products and services worldwide.

Hollywood Bowl Group

Market Cap: UK£449.7m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Kyivstar Group

Market Cap: US$3.2b

Provides a range of mobile communication and home Internet services in Ukraine.

DaVita

Market Cap: €8.4b

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

Transcontinental

Market Cap: CA$1.6b

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

ICG

Market Cap: UK£5.5b

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

Myer Holdings

Market Cap: €683.6m

Operates department stores in Australia and New Zealand.

Grafton Group

Market Cap: €1.8b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Allstate

Market Cap: €50.5b

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

Suzano

Market Cap: R$60.4b

Manufactures and sells pulp and paper products in Brazil and internationally.

Global Dominion Access

Market Cap: €476.9m

Provides integral services for business process efficiency and sustainability worldwide.

Korn Ferry

Market Cap: US$3.4b

Engages in the provision of organizational consulting services worldwide.

ARYZTA

Market Cap: CHF 1.3b

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

Capgemini

Market Cap: €22.7b

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.

Premier Foods

Market Cap: UK£1.6b

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

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

MINISO Group Holding

Market Cap: €6.5b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Demant

Market Cap: DKK 45.9b

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

Tenaga Nasional Berhad

Market Cap: US$77.4b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.