Bulgarian Potentially Undervalued Companies

Baidu

Market Cap: €33.6b

Provides online marketing and cloud services through an internet platform in the People’s Republic of China.

Novavax

Market Cap: €1.2b

A biotechnology company, engages in the discovering, developing, and commercializing vaccines to protect against serious infectious diseases in the United States, Europe, and internationally.

PUMA

Market Cap: €3.6b

Engages in the development and sale of sports and sports lifestyle products, including footwear, apparel and accessories in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Doverie United Holding AD

Market Cap: лв170.7m

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

Tilray Brands

Market Cap: €1.5b

A lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally.

Fund Estates REIT

Market Cap: лв935.8k

BenchMark Real Estate Investment Trust PLC is a real estate investment trust based in Sofia, Bulgaria.

AIXTRON

Market Cap: €1.3b

Provides deposition equipment to the semiconductor industry in Asia, Europe, and the Americas.

thyssenkrupp

Market Cap: €5.9b

Operates as an industrial and technology company in Germany and internationally.

Fazerles AD

Market Cap: лв7.2m

Manufactures and sells hardboard wood based panels in Bulgaria, rest of Europe, Asia, Africa, and the United States.

Atomenergoremont

Market Cap: лв222.6m

Provides repair services for equipment in power plants.

Bulgarian-American Credit Bank AD

Market Cap: лв296.3m

Provides banking products and services to individual and corporate clients in Bulgaria.

Weichai Power

Market Cap: €148.8b

Engages in the manufacture and sale of diesel engines, automobiles, and other automobile components in China and internationally.

Siemens Healthineers

Market Cap: €57.8b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

BNP Paribas

Market Cap: €92.1b

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

Telekom Austria

Market Cap: €5.8b

Provides fixed-line and mobile communications solutions to individuals, commercial and non-commercial organizations, and other national and foreign carriers in Austria, Belarus, Bulgaria, Croatia, North Macedonia, Serbia, and Slovenia.

Samsung Electronics

Market Cap: €394.2t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

ImPulse Growth AD

Market Cap: лв8.6m

Invests in companies distributing dividends and in various instruments in Bulgaria.

Monbat AD

Market Cap: лв102.8m

Manufactures and sells batteries worldwide.

Neochim AD

Market Cap: лв62.1m

Produces and trades in fertilizers, and inorganic and organic chemical products in Bulgaria and internationally.

Chimimport AD

Market Cap: лв165.3m

Engages in the acquisition, management, and sale of shares in Bulgarian and foreign companies.

Billboard AD

Market Cap: лв8.3m

Engages in the various format digital printing business in Bulgaria.

Port Fleet 99 AD

Market Cap: лв17.3m

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

BG Agro AD

Market Cap: лв43.6m

Engages in the production, trading, storage, shipping, and transportation of agricultural products.

Deutsche Telekom

Market Cap: €170.0b

Provides integrated telecommunication services worldwide.

BASF

Market Cap: €44.6b

Operates as a chemical company worldwide.

Bulmetal JSC

Market Cap: лв68.0m

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

RWE

Market Cap: €24.0b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Vestas Wind Systems

Market Cap: €104.0b

Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.

Siemens

Market Cap: €176.5b

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.

Intel

Market Cap: €104.9b

Designs, develops, manufactures, markets, and sells computing and related products and services worldwide.

Park REIT

Market Cap: лв7.1m

Operates as a diversified REIT company.

CNH Industrial

Market Cap: €15.9b

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.

Lavena AD

Market Cap: лв21.6m

Manufactures and sells lavender oil in Bulgaria.

Kering

Market Cap: €27.9b

Manages the development of a collection of renowned houses in fashion, leather goods, and jewelry in the Asia Pacific, Western Europe, North America, Japan, and internationally.

Enel

Market Cap: €69.7b

Operates as an integrated operator in electricity and gas industries worldwide.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €46.4b

Engages in the insurance and reinsurance businesses worldwide.