Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sabre

Market Cap: €604.8m

Operates as a software and technology company for the travel industry in the United States, Europe, Asia-Pacific, and internationally.

CDW

Market Cap: €14.2b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

Transcontinental

Market Cap: €464.9m

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

On the Beach Group

Market Cap: €201.4m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

TAL Education Group

Market Cap: €5.9b

Provides K-12 after-school tutoring services in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: €61.0t

Operates as a food solutions company in Indonesia, rest of Asia, Africa, and internationally.

Northern Oil and Gas

Market Cap: €2.5b

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States.

NetEase

Market Cap: €579.1b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

PENN Entertainment

Market Cap: €2.1b

Provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally.

China Hongqiao Group

Market Cap: €292.1b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

SBM Offshore

Market Cap: €5.8b

Provides floating production solutions to the offshore energy industry worldwide.

Sonoco Products

Market Cap: €4.9b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

Andean Precious Metals

Market Cap: €1.0b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Astra International

Market Cap: €224.4t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Royal Caribbean Cruises

Market Cap: €68.7b

Operates as a cruise company worldwide.

GE HealthCare Technologies

Market Cap: €29.2b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Regis Resources

Market Cap: €5.0b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Pollard Banknote

Market Cap: €438.2m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Tongcheng Travel Holdings

Market Cap: €34.4b

An investment holding company, provides travel related services in the People’s Republic of China.

Pentair

Market Cap: €12.1b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

Globus Medical

Market Cap: €11.5b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Forward Air

Market Cap: €278.3m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Bank Mandiri (Persero)

Market Cap: €393.5t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

High Tide

Market Cap: CA$290.1m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Asahi Group Holdings

Market Cap: €2.2t

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

Indivior Pharmaceuticals

Market Cap: €4.6b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Intred

Market Cap: €142.6m

A telecommunications operator, provides data and voice services in Italy.

Lundin Gold

Market Cap: SEK 20.6b

Develops and operates its mineral concessions in Ecuador.

OceanaGold

Market Cap: €8.9b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Regional Management

Market Cap: €325.6m

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.

Regeneron Pharmaceuticals

Market Cap: €65.0b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines to treat various diseases worldwide.

GFT Technologies

Market Cap: €571.4m

Provides digital transformation services.

Travel + Leisure

Market Cap: €4.1b

Provides hospitality services and travel products in the United States and internationally.

Man Wah Holdings

Market Cap: €13.9b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, North America, and internationally.