Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Bidvest Group

Market Cap: €78.7b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Mears Group

Market Cap: €337.7m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Arnoldo Mondadori Editore

Market Cap: €546.0m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Perrigo

Market Cap: €1.6b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

CEWE Stiftung KGaA

Market Cap: €631.9m

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

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sell of floor coverings, building and construction adhesives, and belt for power transmission and conveyor technology worldwide.

NetEase

Market Cap: €551.3b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Indofood Sukses Makmur

Market Cap: €59.9t

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

Stanmore Resources

Market Cap: €2.0b

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

Persimmon

Market Cap: UK£3.4b

Operates as a house builder in the United Kingdom.

Hoenle

Market Cap: €54.1m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Barco

Market Cap: €773.2m

Develops visualization solutions, and collaboration and networking technologies for the entertainment, enterprise, and healthcare markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Lithia Motors

Market Cap: €6.5b

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

Asahi Group Holdings

Market Cap: €2.3t

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

Cosmo Energy Holdings

Market Cap: €616.3b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

Huhtamäki Oyj

Market Cap: €2.8b

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

A. O. Smith

Market Cap: €8.9b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Regis Resources

Market Cap: €5.5b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Corebridge Financial

Market Cap: €12.9b

Provides retirement solutions and insurance products in the United States.

Pollard Banknote

Market Cap: €487.2m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Imperial Brands

Market Cap: UK£21.5b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Mears Group

Market Cap: UK£337.7m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Royal Caribbean Cruises

Market Cap: €69.4b

Operates as a cruise company worldwide.

Tongcheng Travel Holdings

Market Cap: €40.4b

An investment holding company, provides travel related services in the People’s Republic of China.

Yuexiu Transport Infrastructure

Market Cap: €6.8b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Regis Resources

Market Cap: US$5.5b

Engages in the exploration, evaluation, and development of gold projects in Australia.

ProCredit Holding

Market Cap: €475.3m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Trisul

Market Cap: R$1.2b

Engages in the construction and development of real estate properties in Brazil.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.6b

Develops and builds residential and non-residential properties primarily in Brazil.

C&A Modas

Market Cap: R$3.4b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

Valmet Oyj

Market Cap: €4.1b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Fresenius SE KGaA

Market Cap: €23.0b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Leidos Holdings

Market Cap: €18.4b

Provides services and solutions for government and commercial customers in the United States and internationally.

China Life Insurance

Market Cap: €1.1t

Operates as a life insurance company in the People’s Republic of China.

Sonoco Products

Market Cap: €4.9b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.