Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

EKINOPS

Market Cap: €84.9m

Provides network solutions to service providers and enterprises worldwide.

MINISO Group Holding

Market Cap: €6.8b

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.

Otsuka Holdings

Market Cap: €4.1t

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

INDUS Holding

Market Cap: €551.4m

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

Aica Kogyo Company

Market Cap: €229.1b

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

Ion Beam Applications

Market Cap: €312.6m

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

Axalta Coating Systems

Market Cap: US$6.1b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Transcontinental

Market Cap: €1.6b

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

Grand Pharmaceutical Group

Market Cap: €29.5b

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.

Business First Bancshares

Market Cap: US$716.7m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Highwood Asset Management

Market Cap: CA$75.8m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sale floor coverings, building and construction adhesives, and power transmission and conveyor technology worldwide.

Amphastar Pharmaceuticals

Market Cap: US$1.2b

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

ACT Energy Technologies

Market Cap: CA$165.9m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Absa Group

Market Cap: €149.4b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Premier Foods

Market Cap: UK£1.7b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Arnoldo Mondadori Editore

Market Cap: €552.9m

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

Valeura Energy

Market Cap: €805.5m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

TravelSky Technology

Market Cap: US$30.7b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: €66.5t

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

Colabor Group

Market Cap: CA$61.2m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

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.

GFT Technologies

Market Cap: €476.1m

Provides digital transformation services.

Bidvest Group

Market Cap: €71.8b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Royalty Pharma

Market Cap: €20.4b

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

Forward Air

Market Cap: €822.9m

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

TAKKT

Market Cap: €313.7m

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

Ribbon Communications

Market Cap: US$664.1m

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

Tenaga Nasional Berhad

Market Cap: US$76.6b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

q.beyond

Market Cap: €109.1m

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

Luceco

Market Cap: €197.6m

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.

CEWE Stiftung KGaA

Market Cap: €683.5m

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

Kyivstar Group

Market Cap: US$2.7b

Provides a range of mobile communication and home Internet services in Ukraine.

Rainbow Tours

Market Cap: €1.7b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Cosmo Pharmaceuticals

Market Cap: CHF 1.0b

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.