Swiss Potentially Undervalued Companies

American Airlines Group

Market Cap: CHF 6.5b

Through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific.

Komax Holding

Market Cap: CHF 514.4m

Engages in the automated wire processing business in Europe, North America, South America, the Asia/Pacific, and Africa.

Microsoft

Market Cap: US$2.9t

Develops and supports software, services, devices and solutions worldwide.

AB Volvo

Market Cap: CHF 537.9b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Devon Energy

Market Cap: CHF 20.1b

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

Banco Santander

Market Cap: CHF 96.1b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Edwards Lifesciences

Market Cap: CHF 41.4b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Julius Bär Gruppe

Market Cap: CHF 11.7b

Provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally.

freenet

Market Cap: CHF 3.5b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Nokia Oyj

Market Cap: CHF 23.8b

Provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa.

BHP Group

Market Cap: CHF 217.0b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally.

British American Tobacco

Market Cap: CHF 63.3b

Provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.

NatWest Group

Market Cap: CHF 20.9b

Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.

Svenska Handelsbanken

Market Cap: CHF 183.5b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Fortescue

Market Cap: CHF 47.6b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

DocMorris

Market Cap: CHF 255.7m

Operates e-commerce pharmacies and a wholesale business for medical and pharmaceutical products in Switzerland and internationally.

Mikron Holding

Market Cap: CHF 265.9m

Develops, produces, and markets automation solutions, machining systems, and cutting tools in the Switzerland, Europe, North America, the Asia Pacific, and internationally.

TomTom

Market Cap: CHF 571.8m

Develops and sells navigation and location-based products and services in Europe, the Americas, and internationally.

Ningbo ShanshanLtd

Market Cap: US$14.9b

Provides lithium battery materials in China and internationally.

Montana Aerospace

Market Cap: CHF 997.1m

Montana Aerospace AG design, develop, and manufacture system components and complex assemblies worldwide.

Ascom Holding

Market Cap: CHF 112.6m

Provides healthcare ICT and mobile workflow solutions worldwide.

Alphabet

Market Cap: CHF 2.0t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Orell Füssli

Market Cap: CHF 190.9m

Engages in security printing and technology, book retailing, and publishing business in Switzerland Germany, rest of Europe and Africa, North and South America, Asia, and Oceania.

Relief Therapeutics Holding

Market Cap: CHF 28.6m

A biopharmaceutical company, focuses on identification, development, and commercialization of novel, patent protected products for the treatment of rare metabolic, dermatological, and pulmonary diseases in Switzerland, Europe, North America, and internationally.

Carnival Corporation &

Market Cap: CHF 24.3b

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

Global Payments

Market Cap: CHF 18.8b

Provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.

Matador Partners Group

Market Cap: CHF 60.8m

A private equity investment company, invests in the private equity secondary market in Switzerland.

Metro

Market Cap: CHF 2.0b

Operates as a food wholesale company in Germany and internationally.

BayWa

Market Cap: CHF 373.2m

Provides wholesale, retail, logistics, and support and consultancy services in Germany and internationally.

Siltronic

Market Cap: CHF 1.4b

Develops, produces, markets, and sells hyperpure silicon wafers for the semiconductor industry in Germany, rest of Europe, the United States, Taiwan, Mainland China, South Korea, rest of Asia, and internationally.

NetEase

Market Cap: CHF 66.0b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Deutsche Wohnen

Market Cap: CHF 9.8b

Develops and manages residential properties in Germany.

TAKKT

Market Cap: CHF 536.0m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

PUMA

Market Cap: CHF 6.9b

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

Pfeiffer Vacuum Technology

Market Cap: CHF 1.5b

Develops, manufactures, sells, and services vacuum pumps, components and instruments, and systems in Germany, France, rest of Europe, the United States, Republic of Korea, rest of Asia, and internationally.

Block

Market Cap: CHF 33.9b

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