Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Delta Air Lines

Market Cap: CHF 38.2b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

Kyivstar Group

Market Cap: US$2.8b

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

TAKKT

Market Cap: €255.5m

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

GFT Technologies

Market Cap: €447.3m

Provides digital transformation services.

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.

Stanmore Resources

Market Cap: €2.0b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Myer Holdings

Market Cap: €666.3m

Operates department stores in Australia and New Zealand.

Grafton Group

Market Cap: €1.8b

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

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.

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.

PORR

Market Cap: €999.6m

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

Aica Kogyo Company

Market Cap: €214.6b

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

FirstSun Capital Bancorp

Market Cap: US$910.8m

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

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.

CTO Realty Growth

Market Cap: €562.3m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

Capital Bancorp

Market Cap: US$463.8m

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

Intrum

Market Cap: €5.6b

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

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

CDW

Market Cap: €18.5b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

Gildan Activewear

Market Cap: CA$11.6b

Manufactures and sells various apparel products.

Yalla Group

Market Cap: US$1.1b

Operates a social networking and gaming platform in the Middle East and North Africa region.

Lithia Motors

Market Cap: €7.1b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Oshkosh

Market Cap: US$7.7b

Provides purpose-built vehicles and equipment worldwide.

ProSiebenSat.1 Media

Market Cap: €1.1b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Havas

Market Cap: €1.4b

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

TravelSky Technology

Market Cap: US$31.4b

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

Valeura Energy

Market Cap: €665.4m

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

Transcontinental

Market Cap: €1.6b

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

Talgo

Market Cap: €361.3m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Koenig & Bauer

Market Cap: €180.8m

Develops and manufactures printing and postprint systems worldwide.

INDUS Holding

Market Cap: €530.3m

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

Thryv Holdings

Market Cap: US$272.8m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Asahi Group Holdings

Market Cap: €2.6t

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

Global Dominion Access

Market Cap: €455.9m

Provides integral services for business process efficiency and sustainability worldwide.

Korn Ferry

Market Cap: US$3.4b

Engages in the provision of organizational consulting services worldwide.