Austrian Potentially Undervalued Companies

Befesa

Market Cap: €1.1b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

FDJ United

Market Cap: €4.4b

Engages in the gaming operation and distribution business in France and internationally.

Aluminum Corporation of China

Market Cap: €213.8b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Bank of China

Market Cap: €1.9t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

SCOR

Market Cap: €4.9b

Provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific.

Nagarro

Market Cap: €737.4m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Colruyt Group

Market Cap: €3.9b

Engages in the retail, wholesale, food service, and other activities in Belgium, France, and internationally.

Zoetis

Market Cap: €53.2b

Engages in the discovery, development, manufacture, and commercialization of animal health medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health products in the United States and internationally.

MLP

Market Cap: €703.6m

Provides financial services to private, corporate, and institutional clients in Germany.

Fraport

Market Cap: €7.1b

Owns and operates airports in Germany, rest of Europe, Asia, and the United States.

Daimler Truck Holding

Market Cap: €26.9b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Newmont

Market Cap: €95.8b

Engages in the production and exploration of gold properties.

AES

Market Cap: €9.8b

Operates as a power generation and utility company in the United States and internationally.

Andritz

Market Cap: €6.2b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Deutsche Telekom

Market Cap: €129.8b

Provides integrated telecommunication services worldwide.

Deutsche Post

Market Cap: €49.3b

Operates as a mail and logistics company in Germany, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

International Consolidated Airlines Group

Market Cap: €17.7b

Engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally.

Vodafone Group

Market Cap: €22.4b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Komatsu

Market Cap: €4.7t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

PPG Industries

Market Cap: €21.8b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

ageas

Market Cap: €11.1b

Engages in insurance business.

NV Bekaert

Market Cap: €1.8b

Provides steel wire transformation and coating technologies worldwide.

Mattel

Market Cap: €6.0b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Gecina

Market Cap: €6.0b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Align Technology

Market Cap: €9.8b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Lowe's Companies

Market Cap: €127.8b

Operates as a home improvement retailer in the United States.

WashTec

Market Cap: €575.4m

Provides solutions for car wash in Germany, Europe, and North America.

Bertrandt

Market Cap: €183.9m

Provides engineering services.

ONEOK

Market Cap: €44.4b

Operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.

HP

Market Cap: €22.9b

Provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally.

Demant

Market Cap: €46.3b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

TotalEnergies

Market Cap: €121.4b

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.

Telefónica

Market Cap: €21.0b

Provides telecommunications services in Europe and Latin America.

AT & S Austria Technologie & Systemtechnik

Market Cap: €1.1b

Manufactures, distributes, and sells printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas.

Agricultural Bank of China

Market Cap: €3.2t

Provides banking products and services.

Wolters Kluwer

Market Cap: €21.5b

Provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally.