Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sangoma Technologies

Market Cap: US$222.0m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Northern Oil and Gas

Market Cap: €2.3b

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States.

On the Beach Group

Market Cap: €313.7m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Hikma Pharmaceuticals

Market Cap: €3.4b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Rithm Capital

Market Cap: US$6.5b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Block

Market Cap: €40.3b

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.

KBR

Market Cap: US$5.6b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Pharming Group

Market Cap: €1.1b

A biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally.

Cardlytics

Market Cap: US$65.4m

Operates an advertising platform in the United States and the United Kingdom.

Universal Health Services

Market Cap: US$12.8b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

McBride

Market Cap: €257.1m

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.

China Mobile

Market Cap: HK$1.7t

Provides telecommunications and information related services in Mainland China and Hong Kong.

China Resources Land

Market Cap: HK$201.2b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Longfor Group Holdings

Market Cap: HK$66.8b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Security Bank

Market Cap: ₱50.8b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

BYD Electronic (International)

Market Cap: US$77.5b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Dell Technologies

Market Cap: US$76.5b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Crown Castle

Market Cap: US$37.7b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

American Healthcare REIT

Market Cap: €8.2b

A Maryland-based self-managed REIT, owns and operates a diversified portfolio of clinical healthcare real estate across the U.S., U.K., and the Isle of Man.

Taylor Morrison Home

Market Cap: €6.1b

Operates as a land developer and homebuilder in the United States.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.3b

Provides container shipping services in China.

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥24.5b

Engages in the production and sales of coal in China.

HP

Market Cap: US$17.8b

Provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally.

China Overseas Property Holdings

Market Cap: HK$16.2b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Industrial Bank

Market Cap: CN¥404.6b

Provides banking products and services in the People’s Republic of China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥16.0b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

Tsingtao Brewery

Market Cap: CN¥72.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

IRB Infrastructure Developers

Market Cap: ₹239.9b

Engages in the infrastructure development business in India.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Nido Education

Market Cap: AU$121.5m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.1b

An investment holding company, provides tea drink products in the People’s Republic of China.

Huaibei Mining HoldingsLtd

Market Cap: CN¥31.9b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Fosun International

Market Cap: HK$33.9b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.2b

Produces and sells solid content, water-based solvent free, and special function coating products in China.