Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

AB Volvo

Market Cap: SEK 503.5b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Eiffage

Market Cap: €10.8b

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

Ernst Russ

Market Cap: €223.0m

A publicly owned investment manager.

Stillfront Group

Market Cap: SEK 2.8b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

M.P. Evans Group

Market Cap: €652.5m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

Capgemini

Market Cap: €20.7b

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.

China Mengniu Dairy

Market Cap: €54.9b

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

Aalberts

Market Cap: €2.9b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Austriacard Holdings

Market Cap: €176.3m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Pollard Banknote

Market Cap: €601.2m

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

AKVA group

Market Cap: NOK 3.5b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Robert Walters

Market Cap: €89.1m

Provides professional recruitment consultancy services worldwide.

d'Amico International Shipping

Market Cap: €503.2m

Through its subsidiaries, operates as a marine transportation company worldwide.

Valeura Energy

Market Cap: €705.3m

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

Gamma Communications

Market Cap: UK£905.0m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Capital Bancorp

Market Cap: US$474.4m

Operates as the bank holding company for Capital Bank, N.A.

Corpovael. de

Market Cap: Mex$1.1b

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

Metropolitan Bank Holding

Market Cap: US$751.1m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

First Citizens BancShares

Market Cap: US$21.0b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Indofood Sukses Makmur

Market Cap: €62.6t

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

Brighthouse Financial

Market Cap: US$2.6b

Provides annuity and life insurance products in the United States.

McBride

Market Cap: €217.2m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Munters Group

Market Cap: SEK 21.0b

Provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia.

CEWE Stiftung KGaA

Market Cap: €702.9m

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

Surgery Partners

Market Cap: US$2.7b

Owns and operates a network of surgical facilities and ancillary services in the United States.

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.

LKQ

Market Cap: US$7.7b

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.

Cheniere Energy

Market Cap: €48.4b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Royalty Pharma

Market Cap: €21.2b

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

MONY Group

Market Cap: UK£1.0b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Huhtamäki Oyj

Market Cap: €3.0b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Tenaris

Market Cap: €15.3b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Highwood Asset Management

Market Cap: CA$72.9m

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

q.beyond

Market Cap: €109.4m

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

Sendas Distribuidora

Market Cap: R$11.4b

Engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil.