Bulgarian Potentially Undervalued Companies

Sanofi

Market Cap: €105.8b

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

Newmont

Market Cap: €88.4b

Engages in the production and exploration of gold properties.

Boeing

Market Cap: €152.8b

Designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.

PayPal Holdings

Market Cap: €64.8b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

BNP Paribas

Market Cap: €73.6b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Medical Properties Trust

Market Cap: €2.6b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Devon Energy

Market Cap: €21.3b

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

Park REIT

Market Cap: лв7.0m

Operates as a diversified REIT company.

First Investment Bank AD

Market Cap: лв772.3m

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

Central Cooperative Bank AD

Market Cap: лв211.0m

A commercial bank, provides various financial products and services.

CNH Industrial

Market Cap: €13.1b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

Deutsche Telekom

Market Cap: €128.2b

Provides integrated telecommunication services worldwide.

Aurora Cannabis

Market Cap: €387.3m

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

HelloFresh

Market Cap: €1.1b

Operates as meal kit provider for home industry.

Aroundtown

Market Cap: €3.4b

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

Stellantis

Market Cap: €25.6b

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

DWS Group GmbH KGaA

Market Cap: €10.4b

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

AXA

Market Cap: €87.3b

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

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.

Daimler Truck Holding

Market Cap: €26.6b

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

Altria Group

Market Cap: €94.6b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Johnson & Johnson

Market Cap: €455.0b

Engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide.

TUI

Market Cap: €3.7b

Provides tourism services worldwide.

AGRANA Beteiligungs-Aktiengesellschaft

Market Cap: €765.5m

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

Gradus AD

Market Cap: лв254.0m

Produces and sells poultry products in Bulgaria, Europe, and internationally.

Eleven Capital AD

Market Cap: лв35.4m

A venture capital firm.

BYD

Market Cap: €954.4b

Engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

Crédit Agricole

Market Cap: €47.4b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Alibaba Group Holding

Market Cap: €374.7b

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.

Telelink Business Services Group AD

Market Cap: лв111.3m

Designs and integrates IT infrastructure solutions for companies.

Bayer

Market Cap: €26.0b

Operates as a life science company worldwide.

ProSiebenSat.1 Media

Market Cap: €1.6b

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

Air Canada

Market Cap: €5.6b

Provides domestic, U.S. transborder, and international airline services.

Rio Tinto Group

Market Cap: €84.6b

Engages in exploring, mining, and processing mineral resources worldwide.

Fresenius SE KGaA

Market Cap: €14.6b

A health care company, provides products and services for chronically ill patients.