Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Kaufman & Broad

Market Cap: €572.7m

Operates as a property developer and builder in France.

Delta Air Lines

Market Cap: CHF 37.1b

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

Douglas Dynamics

Market Cap: US$708.0m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.

Compagnie des Alpes

Market Cap: €1.0b

Engages in the operation of leisure facilities in France and internationally.

Trican Well Service

Market Cap: CA$1.1b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Sangoma Technologies

Market Cap: US$230.6m

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

lastminute.com

Market Cap: CHF 138.0m

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

ICG

Market Cap: UK£5.5b

A private equity firm specializing in direct and fund of fund investments.

Allstate

Market Cap: €50.6b

Provides property and casualty, and other insurance products in the United States and Canada.

Barrett Business Services

Market Cap: US$1.0b

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

Sanofi

Market Cap: €106.6b

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

Science Applications International

Market Cap: €4.2b

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

Sanofi

Market Cap: €106.6b

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

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.

LKQ

Market Cap: US$8.0b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Wienerberger

Market Cap: €2.8b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Fortune Brands Innovations

Market Cap: US$5.9b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

INDUS Holding

Market Cap: €558.9m

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

Ag Growth International

Market Cap: CA$669.1m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

Compagnie de Saint-Gobain

Market Cap: €41.6b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Kuaishou Technology

Market Cap: €312.8b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Koenig & Bauer

Market Cap: €219.8m

Develops and manufactures printing and postprint systems worldwide.

KBR

Market Cap: US$5.3b

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

East West Bancorp

Market Cap: US$13.9b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Kyivstar Group

Market Cap: US$3.1b

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

Rayonier

Market Cap: US$3.5b

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States.

DaVita

Market Cap: €8.4b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Transcontinental

Market Cap: CA$1.6b

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

1st Source

Market Cap: US$1.5b

Operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States.

Civitas Resources

Market Cap: US$2.7b

An exploration and production company, focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas.

Asahi Group Holdings

Market Cap: €2.5t

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

Angel Oak Mortgage REIT

Market Cap: US$215.6m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Jazz Pharmaceuticals

Market Cap: €8.3b

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

First Mid Bancshares

Market Cap: US$844.7m

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

Blau Farmacêutica

Market Cap: R$2.3b

A pharmaceutical company provides drug products in Brazil, Argentina, Chile, Colombia, Uruguay, Ecuador, Peru, and the United States.