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: €29.4b

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.

Transcontinental

Market Cap: €1.6b

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

Ferrari Group

Market Cap: €768.7m

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

Ion Beam Applications

Market Cap: €305.0m

Designs, produces, and markets solutions for cancer diagnosis and treatments in Belgium, the United States, and internationally.

Hollywood Bowl Group

Market Cap: UK£418.8m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Kemira Oyj

Market Cap: €2.9b

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

Indofood Sukses Makmur

Market Cap: €68.0t

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

Royalty Pharma

Market Cap: €20.9b

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

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.5b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Sword Group

Market Cap: €335.4m

Provides IT and software solutions worldwide.

Persimmon

Market Cap: UK£3.6b

Operates as a house builder in the United Kingdom.

q.beyond

Market Cap: €107.1m

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

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Corpovael. de

Market Cap: Mex$976.5m

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Regeneron Pharmaceuticals

Market Cap: €59.8b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Pollard Banknote

Market Cap: €566.3m

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

CEWE Stiftung KGaA

Market Cap: €666.4m

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

DOF Group

Market Cap: €23.9b

Owns and operates a fleet of offshore and subsea vessels.

Aica Kogyo Company

Market Cap: €230.5b

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

Intrum

Market Cap: €6.5b

Provides payment solutions, and credit and collection services in Europe and internationally.

Evonik Industries

Market Cap: €6.9b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

Corebridge Financial

Market Cap: €17.7b

Provides retirement solutions and insurance products in the United States.

MINISO Group Holding

Market Cap: €7.1b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in China, the rest of Asia, the Americas, Europe, Indonesia, and internationally.

PLDT

Market Cap: US$240.9b

Provides telecommunications and digital services in the Philippines.

Luceco

Market Cap: €196.7m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

GFT Technologies

Market Cap: €473.5m

Provides digital transformation services.

TAKKT

Market Cap: €323.3m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Origin Enterprises

Market Cap: €417.8m

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

PORR

Market Cap: €1.1b

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

Perrigo

Market Cap: €2.9b

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

Anheuser-Busch InBev

Market Cap: €99.8b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

China Mengniu Dairy

Market Cap: €55.7b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

74Software

Market Cap: €1.1b

Operates as a software company in France.

Havas

Market Cap: €1.5b

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

Sanofi

Market Cap: €94.3b

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