Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Micro-Star International

Market Cap: NT$91.2b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Trajan Group Holdings

Market Cap: AU$122.0m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Carlsberg

Market Cap: US$109.5b

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

Hu Lane Associate

Market Cap: NT$15.9b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Middle East Healthcare

Market Cap: ر.س4.8b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Raydium Semiconductor

Market Cap: NT$18.5b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Burford Capital

Market Cap: US$2.3b

Provides legal finance products and services worldwide.

MGM Resorts International

Market Cap: US$9.0b

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

CEWE Stiftung KGaA

Market Cap: €708.0m

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

Chorus Aviation

Market Cap: CA$624.9m

Through its subsidiaries, provides aviation services.

Ventura Offshore Holding

Market Cap: NOK 2.3b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Gamma Communications

Market Cap: UK£934.5m

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

Brighthouse Financial

Market Cap: US$2.7b

Provides annuity and life insurance products in the United States.

Cabka

Market Cap: €47.4m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Kyivstar Group

Market Cap: US$3.0b

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

Sanofi

Market Cap: €108.0b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Ag Growth International

Market Cap: CA$680.2m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

Highwood Asset Management

Market Cap: CA$70.5m

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

Surgery Partners

Market Cap: US$2.8b

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

Jazz Pharmaceuticals

Market Cap: €8.4b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.

Science Applications International

Market Cap: €4.6b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

Koenig & Bauer

Market Cap: €226.7m

Develops and manufactures printing and postprint systems worldwide.

Suzano

Market Cap: R$60.2b

Manufactures and sells pulp and paper products in Brazil and internationally.

Koenig & Bauer

Market Cap: €226.7m

Develops and manufactures printing and postprint systems worldwide.

INDUS Holding

Market Cap: €570.1m

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

BWG

Market Cap: NOK 19.1b

An investment holding company, engages in ship owning and chartering activities worldwide.

First Citizens BancShares

Market Cap: US$21.9b

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.

lastminute.com

Market Cap: CHF 145.0m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

DNO

Market Cap: NOK 12.7b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

CTO Realty Growth

Market Cap: €537.6m

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.

Barrett Business Services

Market Cap: US$1.1b

Provides business management solutions for small and mid-sized companies in the United States.

Merchants Bancorp

Market Cap: US$1.5b

Operates as the diversified bank holding company in the United States.

ANTA Sports Products

Market Cap: €246.9b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

DEME Group

Market Cap: €3.4b

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.

Econocom Group

Market Cap: €282.3m

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