Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Grand Pharmaceutical Group

Market Cap: €29.5b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

MONY Group

Market Cap: UK£1.0b

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

Koenig & Bauer

Market Cap: €180.8m

Develops and manufactures printing and postprint systems worldwide.

Aica Kogyo Company

Market Cap: €214.6b

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

Talgo

Market Cap: €361.3m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

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.

Transcontinental

Market Cap: €1.6b

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

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Yalla Group

Market Cap: US$1.1b

Operates a social networking and gaming platform in the Middle East and North Africa region.

Gildan Activewear

Market Cap: CA$11.6b

Manufactures and sells various apparel products.

Prosegur Cash

Market Cap: €1.0b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Capital Bancorp

Market Cap: US$463.8m

Operates as the bank holding company for Capital Bank, N.A.

Valeura Energy

Market Cap: €665.4m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Havas

Market Cap: €1.4b

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

TravelSky Technology

Market Cap: US$31.4b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Kemira Oyj

Market Cap: €2.8b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Veolia Environnement

Market Cap: €21.1b

Designs and provides water, waste, and energy management solutions.

Euroseas

Market Cap: US$405.8m

Provides ocean-going transportation services worldwide.

Sanofi

Market Cap: €104.0b

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

LKQ

Market Cap: US$7.8b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Pollard Banknote

Market Cap: €534.9m

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

Quanex Building Products

Market Cap: US$595.8m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

Trican Well Service

Market Cap: CA$1.2b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Asahi Group Holdings

Market Cap: €2.6t

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

FirstSun Capital Bancorp

Market Cap: US$910.8m

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

INDUS Holding

Market Cap: €530.3m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Thryv Holdings

Market Cap: US$272.8m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Austal

Market Cap: US$2.7b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Surgery Partners

Market Cap: US$2.7b

Owns and operates a network of surgical facilities and ancillary services in the United States.

Science Applications International

Market Cap: €4.2b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

Forestar Group

Market Cap: US$1.2b

Operates as a residential lot development company in the United States.

Alaris Equity Partners Income Trust

Market Cap: €866.4m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

BYD Electronic (International)

Market Cap: US$79.2b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.5b

Provides chemical supply chain solutions worldwide.

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.