Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Adaro Minerals Indonesia

Market Cap: Rp42.1t

Engages in metallurgical coal mining business in Indonesia.

ProCredit Holding

Market Cap: €618.4m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Esprinet

Market Cap: €195.5m

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

CENIT

Market Cap: €74.0m

Operates as an IT consultancy and software company that serves manufacturing and financial services industries in Germany, Austria, Switzerland, North America, Romania, France, Belgium, the Netherlands, and China.

Sangoma Technologies

Market Cap: US$265.4m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Montea Comm. VA

Market Cap: €1.5b

Montea NV is a public regulated real estate company under Belgian law (GVV/SIR) that specializes in logistics real estate in Belgium, the Netherlands, France, and Germany.

Ribbon Communications

Market Cap: US$617.9m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

China Hongqiao Group

Market Cap: €129.9b

An investment holding company, manufactures and sells aluminum products.

Pierre et Vacances

Market Cap: €661.4m

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

Merck KGaA

Market Cap: US$50.2b

Operates as a science and technology company in Germany.

BWG

Market Cap: NOK 15.8b

An investment holding company, engages in ship owning and chartering activities worldwide.

MONY Group

Market Cap: UK£1.1b

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

Kenmare Resources

Market Cap: UK£342.6m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

EVS Broadcast Equipment

Market Cap: €452.9m

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

ADENTRA

Market Cap: CA$650.0m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Lenovo Group

Market Cap: €112.1b

An investment holding company, develops, manufactures, and markets technology products and services.

M.P. Evans Group

Market Cap: €541.7m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

TEGNA

Market Cap: US$2.7b

Operates as a journalism company in the United States.

EOG Resources

Market Cap: US$60.0b

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.

Huhtamäki Oyj

Market Cap: €3.4b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Tenaris

Market Cap: €15.8b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

LKQ

Market Cap: US$10.4b

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.

Bertrandt

Market Cap: €201.3m

Provides engineering services.

KBR

Market Cap: US$6.7b

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

Royalty Pharma

Market Cap: €18.4b

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

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Huhtamäki Oyj

Market Cap: €3.4b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Amneal Pharmaceuticals

Market Cap: €2.3b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

TotalEnergies

Market Cap: US$114.2b

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.

INDUS Holding

Market Cap: €546.5m

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

Bertrandt

Market Cap: €201.3m

Provides engineering services.

Origin Enterprises

Market Cap: €376.2m

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

Merchants Bancorp

Market Cap: US$1.5b

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

Lindblad Expeditions Holdings

Market Cap: US$573.9m

Provides marine expedition adventures and travel experience worldwide.