Global Potentially Undervalued Companies

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Robert Walters

Market Cap: €139.4m

Provides professional recruitment consultancy services worldwide.

Arnoldo Mondadori Editore

Market Cap: €573.7m

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

Lithia Motors

Market Cap: €8.2b

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

China Hongqiao Group

Market Cap: €129.8b

An investment holding company, manufactures and sells aluminum products.

Tokuyama

Market Cap: €202.3b

Produces and sells various chemical products in Japan.

MINISO Group Holding

Market Cap: €5.2b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

GFT Technologies

Market Cap: €621.4m

Provides digital transformation services.

Bertrandt

Market Cap: €199.1m

Provides engineering services.

Royalty Pharma

Market Cap: €18.5b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Kuaishou Technology

Market Cap: €223.7b

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

DOF Group

Market Cap: €21.9b

Owns and operates a fleet of offshore and subsea vessels.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

Pollard Banknote

Market Cap: €558.4m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Asahi Group Holdings

Market Cap: €2.9t

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

Regional Management

Market Cap: €262.4m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Amneal Pharmaceuticals

Market Cap: €2.3b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

Huhtamäki Oyj

Market Cap: €3.4b

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

Bertrandt

Market Cap: €199.1m

Provides engineering services.

Teva Pharmaceutical Industries

Market Cap: €19.2b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Axalta Coating Systems

Market Cap: US$6.7b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Perrigo

Market Cap: €3.7b

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

Thungela Resources

Market Cap: €11.9b

Engages in the mining and production of thermal coal in South Africa and Australia.

A. O. Smith

Market Cap: €9.1b

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.

ProCredit Holding

Market Cap: €627.3m

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

Zijin Mining Group

Market Cap: US$502.1b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

MC Group

Market Cap: ฿7.9b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Indorama Ventures

Market Cap: ฿114.0b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Iochpe-Maxion

Market Cap: R$1.9b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Mitek Systems

Market Cap: US$429.2m

Provides mobile image capture and digital identity verification solutions worldwide.

TotalEnergies

Market Cap: €116.5b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Hu Lane Associate

Market Cap: NT$14.3b

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

Daido Steel

Market Cap: JP¥200.0b

Manufactures and sells steel products in Japan and internationally.

Luxi Chemical Group

Market Cap: CN¥19.9b

Manufactures and sells chemical and fertilizer products.

Ganyuan Foods

Market Cap: CN¥5.9b

Engages in the research and development, production, and sale of snack foods in China.