Bulgarian Potentially Undervalued Companies

UniCredit

Market Cap: €97.5b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

AXA

Market Cap: €75.9b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Alibaba Group Holding

Market Cap: €296.5b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.

Sanofi

Market Cap: €92.2b

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

Zoetis

Market Cap: €51.3b

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

Airbus

Market Cap: €138.2b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

BioNTech

Market Cap: €25.6b

A biotechnology company, develops and commercializes immunotherapies to treat cancer and infectious diseases in Germany.

China Construction Bank

Market Cap: €2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Merck KGaA

Market Cap: €47.9b

Operates as a science and technology company in Germany and internationally.

MTU Aero Engines

Market Cap: €18.3b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Siemens Healthineers

Market Cap: €45.1b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Akumplast JSC

Market Cap: €1.1m

Engages in the production and sale of plastic accumulator boxes in Bulgaria.

Bulmetal JSC

Market Cap: €31.1m

Manufactures and sells metal packaging for food and chemical, cosmetic and other industries in Bulgaria.

Shell

Market Cap: €177.3b

Operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas.

Siemens

Market Cap: €174.3b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Medical Properties Trust

Market Cap: €3.3b

A self-advised real estate investment trust to acquire and develop net-leased hospital facilities.

HelloFresh

Market Cap: €706.1m

Operates as meal kit provider for home industry.

Devon Energy

Market Cap: €27.6b

An independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Fresenius Medical Care

Market Cap: €10.9b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

First Investment Bank AD

Market Cap: €468.1m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Central Cooperative Bank AD

Market Cap: €237.7m

Operates as a commercial bank providing a range of financial products and services in Bulgaria and internationally.

Stellantis

Market Cap: €17.3b

Engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility services worldwide.

Aroundtown

Market Cap: €2.7b

Operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

Aurora Cannabis

Market Cap: €271.6m

Engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally.

GFT Technologies

Market Cap: €605.6m

Provides digital transformation services.

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.

Meta Platforms

Market Cap: €1.6t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally.

Fraport

Market Cap: €7.1b

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

Eleven Capital AD

Market Cap: €17.7m

A venture capital firm specializes in startup investments.

AGRANA Beteiligungs-Aktiengesellschaft

Market Cap: €699.9m

Operates as an industrial processor of agricultural raw materials in Austria, European Union, rest of Europe, and internationally.

DWS Group GmbH KGaA

Market Cap: €11.0b

Offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Daimler Truck Holding

Market Cap: €30.4b

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

Bayer

Market Cap: €36.9b

Operates as a life science company in Europe, the Middle East, Africa, Germany, Switzerland, North America, the United States, the Asia Pacific, China, Latin America, and Brazil.

Neo London Capital

Market Cap: €13.8m

Engages in the real estate business.

TUI

Market Cap: €3.5b

Provides tourism services internationally.

ProSiebenSat.1 Media

Market Cap: €1.6b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.