Bulgarian Potentially Undervalued Companies

Alibaba Group Holding

Market Cap: €371.0b

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.

Meituan

Market Cap: €644.2b

Operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

Tenaris

Market Cap: €17.2b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Carnival Corporation &

Market Cap: €40.5b

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

Deutsche Bank

Market Cap: €58.9b

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.

McCormick

Market Cap: €17.9b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Snap

Market Cap: €13.5b

Operates as a technology company in North America, Europe, and internationally.

Capital One Financial

Market Cap: €144.3b

Operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom.

Medtronic

Market Cap: €121.3b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Anheuser-Busch InBev

Market Cap: €116.2b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

HSBC Holdings

Market Cap: €153.0b

Engages in the provision of banking and financial products and services worldwide.

H & M Hennes & Mauritz

Market Cap: €247.9b

Provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide.

Exclusive Property REIT-Sofia

Market Cap: лв21.7m

n/a

PVA TePla

Market Cap: €351.5m

Develops and produces process in areas of semiconductor, metal, electrical/electronics, and optical sectors worldwide.

Toronto-Dominion Bank

Market Cap: €175.2b

Provides various financial products and services in Canada, the United States, and internationally.

ITF Group AD

Market Cap: лв21.7m

ITF Group Ad, a non–bank financial institution, provides financial services to borrowers in Bulgaria.

Heineken

Market Cap: €36.8b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Infineon Technologies

Market Cap: €42.4b

Engages in the design, development, manufacture, and marketing of semiconductors and semiconductor-based solutions worldwide.

Baidu

Market Cap: €47.4b

Provides online marketing and non-marketing value added services through an internet platform in the People’s Republic of China.

Sopharma Properties REIT

Market Cap: лв197.6m

n/a

Heidelberg Materials

Market Cap: €35.8b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

TeamViewer

Market Cap: €2.6b

Develops and distributes remote connectivity solutions worldwide.

3M

Market Cap: €76.6b

Provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

Continental

Market Cap: €15.0b

A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.

QUALCOMM

Market Cap: €172.0b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

ImPulse Growth AD

Market Cap: лв10.8m

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

Coca-Cola

Market Cap: €286.0b

A beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.