Bulgarian Potentially Undervalued Companies

Telelink Business Services Group AD

Market Cap: лв111.9m

Designs and integrates IT infrastructure solutions for companies.

Bayer

Market Cap: €26.8b

Operates as a life science company worldwide.

Fresenius SE KGaA

Market Cap: €14.6b

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

Teva Pharmaceutical Industries

Market Cap: €19.1b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

ProSiebenSat.1 Media

Market Cap: €1.6b

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

Deutsche Post

Market Cap: €44.1b

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: €49.3b

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.

Air Canada

Market Cap: €6.6b

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

Vodafone Group

Market Cap: €19.9b

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

BP

Market Cap: €61.8b

An integrated energy company, provides carbon products and services.

Bulgarian Real Estate Fund REIT

Market Cap: лв172.5m

Focuses on the development, management, and leasing of properties that have potential for cash-flow growth and capital appreciation.

Zarneni Hrani Bulgaria AD

Market Cap: лв23.3m

Provides services to agricultural producers in Bulgaria.

Carnival Corporation &

Market Cap: €37.7b

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

Airbus

Market Cap: €126.1b

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

Air France-KLM

Market Cap: €2.2b

Provides passenger and cargo transportation services worldwide.

Marathon Digital Holdings

Market Cap: €5.2b

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

Engie

Market Cap: €43.3b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Allianz

Market Cap: €132.1b

Provides property-casualty insurance, life/health insurance, and asset management products and services Internationally.

Lockheed Martin

Market Cap: €111.0b

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

China Construction Bank

Market Cap: €2.2t

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.

Sopharma Trading AD

Market Cap: лв195.6m

Operates as a trading company in the pharmaceutical sector in Bulgaria and Serbia.

Exclusive Property REIT-Sofia

Market Cap: лв21.2m

n/a

Intercapital Property Development ADSIC

Market Cap: лв19.0m

Operates as a special purpose real estate investment trust (REIT) for real estate securitization in Bulgaria.

Verizon Communications

Market Cap: €174.0b

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

Barrick Mining

Market Cap: €49.6b

Engages in the exploration, development, production, and sale of mineral properties.

Delta Air Lines

Market Cap: €30.0b

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

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.

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.

Valneva

Market Cap: €403.7m

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

Merck KGaA

Market Cap: €48.4b

Operates as a science and technology company in Germany.

Volkswagen

Market Cap: €47.2b

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

TotalEnergies

Market Cap: €118.0b

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.

Taiwan Semiconductor Manufacturing

Market Cap: €28.4t

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

MTU Aero Engines

Market Cap: €20.7b

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.