Bulgarian Potentially Undervalued Companies

Zarneni Hrani Bulgaria AD

Market Cap: лв22.5m

Provides services to agricultural producers in Bulgaria.

Aumovio

Market Cap: €3.9b

Develops, produces, and supplies hardware, software, and mobility solutions in Germany, Europe, North America, Asia-Pacific, and internationally.

Carnival Corporation &

Market Cap: €33.9b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Vodafone Group

Market Cap: €22.4b

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

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.

Deutsche Bank

Market Cap: €60.8b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

China Construction Bank

Market Cap: €2.0t

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.

Veolia Environnement

Market Cap: €21.3b

Designs and provides water, waste, and energy management solutions.

Newmont

Market Cap: €95.8b

Engages in the production and exploration of gold properties.

Lomsko Pivo AD

Market Cap: лв709.9k

Manufactures and sells beer in Bulgaria and internationally.

Verizon Communications

Market Cap: €173.1b

Through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.

Exclusive Property REIT-Sofia

Market Cap: лв21.7m

n/a

Lockheed Martin

Market Cap: €107.8b

An aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.

MARA Holdings

Market Cap: €4.5b

Operates as a digital asset technology company in the United States and Europe.

Air France-KLM

Market Cap: €2.5b

Provides passenger and cargo transportation services worldwide.

Novo Nordisk

Market Cap: €1.4t

Engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally.

AT&T

Market Cap: €181.4b

Provides telecommunications and technology services worldwide.

Geely Automobile Holdings

Market Cap: €147.4b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Block

Market Cap: €35.5b

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.

Merck KGaA

Market Cap: €48.4b

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

Match Group

Market Cap: €8.6b

Engages in the provision of digital technologies.

Agro Finance REIT

Market Cap: лв121.1m

Agro Finance REIT invests in real estate properties, primarily agricultural lands in Bulgaria.

Delta Air Lines

Market Cap: €30.0b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

MTU Aero Engines

Market Cap: €20.5b

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.

Herti AD

Market Cap: лв34.1m

Provides various packaging solutions.

Valneva

Market Cap: €403.7m

A specialty vaccine company, develops, manufactures, and commercializes prophylactic vaccines for infectious diseases with unmet needs.

CureVac

Market Cap: €1.2b

A biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA).

PUMA

Market Cap: €2.4b

Engages in the development and sale of sports and sports lifestyle products in Germany, rest of Europe, the United States, North America, 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.

Doverie United Holding AD

Market Cap: лв196.3m

Acquires, manages, assesses, and sells shares and shareholdings in Bulgarian and foreign companies.

Volkswagen

Market Cap: €49.5b

Manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally.

Pfizer

Market Cap: €142.5b

Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States and internationally.

Carl Zeiss Meditec

Market Cap: €3.7b

Operates as a medical technology company in Germany, rest of Europe, North America, and Asia.

Evotec

Market Cap: €939.6m

Operates as a drug discovery and development company in the United States, Germany, France, the United Kingdom, Switzerland, and internationally.

Deutsche Lufthansa

Market Cap: €9.4b

Operates as an aviation company in Germany and internationally.

Port Fleet 99 AD

Market Cap: лв18.7m

Provides maneuvering and towing services for ships and floating objects in the waters of the port of Varna.