U.K. Undervalued based on future growth

Land Securities Group

Market Cap: UK£4.0b

We identify and shape places that create opportunity, enhance quality of life, and bring joy to the people connected to them.

Lion Finance Group

Market Cap: UK£4.0b

Through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets.

Barratt Redrow

Market Cap: UK£3.8b

Engages in the housebuilding business in the United Kingdom.

Hochschild Mining

Market Cap: UK£2.9b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Man Group

Market Cap: UK£2.8b

Man Group Limited is a publicly owned investment manager.

easyJet

Market Cap: UK£2.7b

Operates as a low-cost airline carrier in Europe.

Pan African Resources

Market Cap: UK£2.6b

Engages in the mining, extraction, production, and sale of gold in South Africa.

TBC Bank Group

Market Cap: UK£2.3b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Mitie Group

Market Cap: UK£2.2b

Provides facilities management and professional services in the United Kingdom and internationally.

Bellway

Market Cap: UK£2.1b

Engages in the homebuilding business in the United Kingdom.

Shawbrook Group

Market Cap: UK£1.7b

Through its subsidiary, Shawbrook Bank Limited, provides lending and savings products and services to private and business customers in the United Kingdom.

RHI Magnesita

Market Cap: UK£1.2b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Savills

Market Cap: UK£1.1b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

Vistry Group

Market Cap: UK£1.1b

Provides housing solutions in the United Kingdom.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Wizz Air Holdings

Market Cap: UK£916.7m

Engages in the provision of passenger air transportation services in Europe, Iceland, Liechtenstein, Norway, and Switzerland, the United Kingdom, and Other European countries.

Kier Group

Market Cap: UK£904.5m

Primarily engages in the construction business in the United Kingdom and internationally.

Metro Bank Holdings

Market Cap: UK£781.0m

Operates as the bank holding company for Metro Bank PLC that provides business, commercial, retail and private banking products and services in the United Kingdom.

Spire Healthcare Group

Market Cap: UK£585.6m

Owns and operates private hospitals and clinics in the United Kingdom.

Polar Capital Holdings

Market Cap: UK£577.6m

Polar Capital Holdings plc is a publicly owned investment manager.

GlobalData

Market Cap: UK£475.5m

Operates as a data, insight, and technology company in Europe, North America, and the Asia Pacific.

IP Group

Market Cap: UK£474.4m

A private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies.

Rank Group

Market Cap: UK£426.2m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.

Foresight Group Holdings

Market Cap: UK£399.9m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Future

Market Cap: UK£387.9m

Future plc, together with its subsidiaries, publishes and distributes content for technology, gaming, sports, fashion, beauty, homes, wealth, and knowledge sectors in the United States and the United Kingdom.

PayPoint

Market Cap: UK£345.6m

Engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom.

ACG Metals

Market Cap: UK£302.2m

Produces gold and silver in Turkey.

Elixirr International

Market Cap: UK£291.3m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

AltynGold

Market Cap: UK£285.6m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Yü Group

Market Cap: UK£282.3m

Through its subsidiaries, supplies energy and utility solutions primarily in the United Kingdom.

Vanquis Banking Group

Market Cap: UK£279.5m

Engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland.

DFS Furniture

Market Cap: UK£276.1m

Designs, manufactures, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland.

FRP Advisory Group

Market Cap: UK£257.9m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Norcros

Market Cap: UK£251.2m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Next 15 Group

Market Cap: UK£242.2m

Next 15 Group plc, together with its subsidiaries, customer insight, customer delivery, customer engagement, and business transformation services in the United Kingdom, Africa, the United States, Europe, Middle East, and Africa.

Integrated Diagnostics Holdings

Market Cap: US$319.7m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.