Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Regeneron Pharmaceuticals

Market Cap: €60.2b

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

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.

MGM Resorts International

Market Cap: US$10.8b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

Teva Pharmaceutical Industries

Market Cap: €21.1b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Capgemini

Market Cap: €20.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Prosegur Cash

Market Cap: €1.0b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

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.

Gecina

Market Cap: €6.2b

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

DOF Group

Market Cap: €24.1b

Owns and operates a fleet of offshore and subsea vessels.

q.beyond

Market Cap: €114.6m

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

LKQ

Market Cap: US$8.4b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Beazley

Market Cap: €4.7b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Highwood Asset Management

Market Cap: CA$78.3m

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

Origin Enterprises

Market Cap: €405.6m

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

GFT Technologies

Market Cap: €459.9m

Provides digital transformation services.

Perrigo

Market Cap: €3.3b

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

DEME Group

Market Cap: €3.3b

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.

EVS Broadcast Equipment

Market Cap: €475.9m

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

Econocom Group

Market Cap: €298.7m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Regeneron Pharmaceuticals

Market Cap: €60.2b

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

Persimmon

Market Cap: UK£3.4b

Operates as a house builder in the United Kingdom.

74Software

Market Cap: €1.2b

Operates as a software company in France.

Anheuser-Busch InBev

Market Cap: €104.5b

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

Pollard Banknote

Market Cap: €510.8m

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

Arnoldo Mondadori Editore

Market Cap: €539.9m

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

CEWE Stiftung KGaA

Market Cap: €660.0m

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

Luceco

Market Cap: €183.0m

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.

Torex Gold Resources

Market Cap: US$3.9b

Operates as an intermediate gold producer.

McEwen

Market Cap: CA$624.9m

Engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina.

Huron Consulting Group

Market Cap: US$2.2b

Provides consultancy and managed services in the United States and internationally.

PLDT

Market Cap: US$250.4b

Provides telecommunications and digital services in the Philippines.

Ero Copper

Market Cap: CA$2.0b

Engages in the exploration, development, and production of mining projects in Brazil.

Sanofi

Market Cap: €103.0b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Diebold Nixdorf

Market Cap: US$2.2b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.