Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Leidos Holdings

Market Cap: €15.3b

Provides services and solutions for government and commercial customers in the United States and internationally.

China Life Insurance

Market Cap: €1.0t

Operates as a life insurance company in the People’s Republic of China.

Otsuka Holdings

Market Cap: €5.4t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Vetoquinol

Market Cap: €814.7m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products for cattle, pigs, dogs, and cats in Europe, the Americas, and the Asia Pacific region.

ANTA Sports Products

Market Cap: €208.6b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.5b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Valmet Oyj

Market Cap: €3.9b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Pentair

Market Cap: €11.5b

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

China Tower

Market Cap: €168.9b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Pegasystems

Market Cap: €5.5b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

MINISO Group Holding

Market Cap: €4.0b

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.

Fresenius SE KGaA

Market Cap: €21.0b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Grupa Pracuj

Market Cap: €3.2b

Operates HR technology platform in Poland, Ukraine, and Germany.

Bosideng International Holdings

Market Cap: €48.7b

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

CEWE Stiftung KGaA

Market Cap: €641.3m

Operates as a photo service and online printing provider in Germany and internationally.

Mota-Engil SGPS

Market Cap: €1.4b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Exxaro Resources

Market Cap: €49.8b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Pollard Banknote

Market Cap: €433.6m

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

AMG Critical Materials

Market Cap: US$1.2b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

A. O. Smith

Market Cap: €7.9b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

CENIT

Market Cap: €69.5m

Provides software solutions and integration services.

Equasens Société anonyme

Market Cap: €578.7m

Provides healthcare IT solutions in Europe.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$97.7b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Bayerische Motoren Werke

Market Cap: US$40.5b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Wesdome Gold Mines

Market Cap: €3.4b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Zijin Gold International

Market Cap: €273.5b

An investment holding company, engages in the exploration, mining, processing, smelting, refining, and sale of gold and other non-ferrous metals.

Regis Resources

Market Cap: €4.2b

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

Viva Energy Group

Market Cap: AU$3.7b

Operates as an energy company in Australia, Singapore, and Papua New Guinea.

Regis Resources

Market Cap: AU$4.4b

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

Ingenia Communities Group

Market Cap: AU$1.7b

A leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors’ market in Australia.

Industrial Bank

Market Cap: CN¥393.8b

Provides banking products and services in the People’s Republic of China.

Cosmax

Market Cap: ₩1.9t

Researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally.

Indofood Sukses Makmur

Market Cap: Rp56.4t

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

Ganyuan Foods

Market Cap: CN¥4.0b

Engages in the research and development, production, and sales of snack foods in China.