Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

KH Neochem

Market Cap: JP¥100.4b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Indofood Sukses Makmur

Market Cap: €66.3t

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

Carlsberg

Market Cap: US$108.2b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Corebridge Financial

Market Cap: €18.0b

Provides retirement solutions and insurance products in the United States.

Stingray Group

Market Cap: €690.8m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

TotalEnergies

Market Cap: US$113.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Persimmon

Market Cap: UK£3.5b

Operates as a house builder in the United Kingdom.

Asahi Group Holdings

Market Cap: €2.7t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

PDF Solutions

Market Cap: US$765.4m

Provides proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, Japan, China, Taiwan, and internationally.

Casta Diva Group

Market Cap: €12.5m

Operates as a communication company in Italy and internationally.

Robert Walters

Market Cap: €92.4m

Provides professional recruitment consultancy services worldwide.

McBride

Market Cap: €186.2m

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, Asia-Pacific, and internationally.It operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.

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.

Huhtamäki Oyj

Market Cap: €3.2b

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

Premier Foods

Market Cap: UK£1.6b

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

ACI Worldwide

Market Cap: US$5.2b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Luceco

Market Cap: €193.7m

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.

Vestis

Market Cap: US$553.7m

Provides uniform rentals and workplace supplies in the United States and Canada.

DOF Group

Market Cap: €23.9b

Owns and operates a fleet of offshore and subsea vessels.

Cosmo Pharmaceuticals

Market Cap: CHF 1.1b

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

Intrum

Market Cap: €6.1b

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

Rainbow Tours

Market Cap: €2.0b

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

Polar Capital Holdings

Market Cap: €436.2m

Polar Capital Holdings plc is a publicly owned investment manager.

TotalEnergies

Market Cap: €113.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

CEWE Stiftung KGaA

Market Cap: €677.7m

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

China Mengniu Dairy

Market Cap: €59.2b

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

Mattel

Market Cap: €5.7b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

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.

Bertrandt

Market Cap: €183.3m

Provides engineering services.

Beazley

Market Cap: €4.9b

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

74Software

Market Cap: €1.1b

Operates as a software company in France.

Diebold Nixdorf

Market Cap: US$2.2b

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

Huron Consulting Group

Market Cap: US$2.3b

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