Bulgarian Potentially Undervalued Companies

Aumovio

Market Cap: €3.5b

Engages in the development, production, and supply of hardware, software, and mobility solutions in Germany, Europe, North America, Asia-Pacific, and internationally.

Zoetis

Market Cap: €49.5b

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: €126.6b

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

Tencent Holdings

Market Cap: €4.5t

An investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.

MTU Aero Engines

Market Cap: €16.7b

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

Akumplast JSC

Market Cap: €1.1m

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

Bulgartabac Holding AD

Market Cap: €17.7m

Processes, produces, and sells tobacco products in Bulgaria.

Bayerische Motoren Werke

Market Cap: €47.3b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Devon Energy

Market Cap: €31.3b

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

Bulmetal JSC

Market Cap: €30.1m

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

UniCredit

Market Cap: €91.2b

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

Medical Properties Trust

Market Cap: €2.8b

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

Fresenius Medical Care

Market Cap: €10.5b

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

Shell

Market Cap: €202.0b

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

HelloFresh

Market Cap: €567.5m

Operates as meal kit provider in the United States, Canada, and internationally.

First Investment Bank AD

Market Cap: €462.2m

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

Central Cooperative Bank AD

Market Cap: €217.4m

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

Aurora Cannabis

Market Cap: €264.3m

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

Stellantis

Market Cap: €18.3b

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: €2.6b

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

DWS Group GmbH KGaA

Market Cap: €10.9b

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

TUI

Market Cap: €3.4b

Provides tourism services internationally.

Vulcan Energy Resources

Market Cap: €1.5b

Engages in the geothermal energy, and lithium exploration and production activities in Europe, Germany, and Australia.

Fraport

Market Cap: €6.9b

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

Bayer

Market Cap: €38.7b

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.

Alibaba Group Holding

Market Cap: €280.5b

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.

Eleven Capital AD

Market Cap: €17.4m

A venture capital firm specializes in startup investments.

Telelink Business Services Group AD

Market Cap: €64.0m

Provides IT infrastructure solutions.

Daimler Truck Holding

Market Cap: €32.4b

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

AXA

Market Cap: €82.6b

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

Meta Platforms

Market Cap: €1.5t

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.

Crédit Agricole

Market Cap: €50.2b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Neo London Capital

Market Cap: €14.5m

Engages in the real estate business.

ProSiebenSat.1 Media

Market Cap: €1.6b

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