Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Trajan Group Holdings

Market Cap: AU$96.1m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Esprinet

Market Cap: €271.9m

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

ICG

Market Cap: UK£5.5b

A private equity firm specializing in direct and fund of fund investments.

Robert Walters

Market Cap: UK£89.8m

Provides professional recruitment consultancy services worldwide.

q.beyond

Market Cap: €91.2m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Ventura Offshore Holding

Market Cap: NOK 2.3b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

LPKF Laser & Electronics

Market Cap: €138.9m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

Altea Green Power

Market Cap: €111.1m

Supplies and manages renewable energy plants in Italy and the United States.

Cadeler

Market Cap: NOK 16.2b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

EOG Resources

Market Cap: €59.9b

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.

Austevoll Seafood

Market Cap: NOK 17.5b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Ernst Russ

Market Cap: €233.8m

A publicly owned investment manager.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺27.1b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

Eiffage

Market Cap: €10.8b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

China Overseas Property Holdings

Market Cap: HK$16.6b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

C&D International Investment Group

Market Cap: HK$37.3b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

EVS Broadcast Equipment

Market Cap: €487.5m

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

SMU

Market Cap: CL$870.8b

Operates as a food retailer in Chile and Peru.

Kaufman & Broad

Market Cap: €565.8m

Operates as a property developer and builder in France.

GL Events

Market Cap: €797.8m

Provides integrated solutions and services for events in France and internationally.

Compagnie des Alpes

Market Cap: €1.0b

Engages in the operation of leisure facilities in France and internationally.

Kimberly-Clark

Market Cap: €34.5b

Manufactures and markets personal care products in the United States.

Carmila

Market Cap: €2.3b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Demant

Market Cap: DKK 46.3b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

Huaqin Technology

Market Cap: CN¥89.7b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Koenig & Bauer

Market Cap: €166.2m

Develops and manufactures printing and postprint systems worldwide.

Gecina

Market Cap: €6.0b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Morgan Advanced Materials

Market Cap: UK£552.4m

Manufactures and sells various carbon and ceramic products.

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

PORR

Market Cap: €1.0b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

LPKF Laser & Electronics

Market Cap: €138.9m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

China Resources Land

Market Cap: HK$217.5b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

Adairs

Market Cap: AU$331.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.