Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Kemira Oyj

Market Cap: €2.4b

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

CENIT

Market Cap: €69.3m

Provides software solutions and integration services.

Andean Precious Metals

Market Cap: €816.3m

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

Arcos Dorados Holdings

Market Cap: €1.7b

Operates as a franchisee of McDonald’s restaurants.

TAL Education Group

Market Cap: €5.6b

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

CEWE Stiftung KGaA

Market Cap: €640.0m

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

Bouvet

Market Cap: €4.6b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Tingyi (Cayman Islands) Holding

Market Cap: €59.9b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Pepper Money

Market Cap: €734.5m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Mears Group

Market Cap: €342.1m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Arnoldo Mondadori Editore

Market Cap: €539.5m

Engages in publishing of books and magazines in Italy, rest of Europe, the United States, internationally.

Valmet Oyj

Market Cap: €4.0b

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.

Lithia Motors

Market Cap: €6.9b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

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.

Forward Air

Market Cap: €367.8m

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

Bank Mandiri (Persero)

Market Cap: €397.2t

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

HORNBACH Holding KGaA

Market Cap: €1.2b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

China Everbright Environment Group

Market Cap: €30.4b

An investment holding company, provides environmental solutions worldwide.

Bosideng International Holdings

Market Cap: €49.5b

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

Regional Management

Market Cap: €333.2m

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: €62.7b

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

Brinker International

Market Cap: €6.5b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Perrigo

Market Cap: €1.5b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Indivior Pharmaceuticals

Market Cap: €4.7b

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.

Santam

Market Cap: €41.3b

Provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally.

China Hongqiao Group

Market Cap: €261.0b

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.

Otis Worldwide

Market Cap: €27.3b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Konecranes

Market Cap: €6.1b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Mota-Engil SGPS

Market Cap: €1.4b

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

ProCredit Holding

Market Cap: €468.2m

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

Grand Pharmaceutical Group

Market Cap: €17.9b

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.

A. O. Smith

Market Cap: €8.2b

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.

Grupa Pracuj

Market Cap: €3.2b

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

Ferrari Group

Market Cap: €710.3m

Provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, 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.