Czech Potentially Undervalued Companies

Erste Group Bank

Market Cap: Kč22.5b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Deutsche Telekom

Market Cap: Kč150.0b

Provides integrated telecommunication services worldwide.

W.A.G payment solutions

Market Cap: Kč440.3m

Operates integrated payments and mobility platform that focuses on the commercial road transportation industry primary in Europe.

Raiffeisen Bank International

Market Cap: Kč6.9b

Offers banking services to corporate, private, and institutional customers.

Andritz

Market Cap: Kč5.0b

Provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally.

CTP

Market Cap: Kč7.1b

Develops, owns, operates, and leases commercial real estate properties in Western Europe and Central and Eastern Europe.

AT & S Austria Technologie & Systemtechnik

Market Cap: Kč456.1m

Manufactures and distributes printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas.

Photon Energy

Market Cap: Kč213.2m

Through its subsidiaries, provides solar power solutions and services in the Netherlands, the Czech Republic, Hungary, Poland, Australia, Romania, Slovak Republic, and Germany.

TOMA

Market Cap: Kč1.9b

Engages in the electricity, air, water, steam, and gas distribution businesses in the Czech Republic.

mmcité

Market Cap: Kč792.0m

mmcite a.s. designs and provides urban furniture worldwide.

ENERGOAQUA

Market Cap: Kč2.9b

Engages in the manufacture, distribution, and sale of energy media and services in the thermal energy, natural gas, and electricity.

AB Volvo

Market Cap: Kč491.7b

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

UNIQA Insurance Group

Market Cap: Kč2.8b

Operates as an insurance company in Austria, and Central and Eastern Europe.

OTP Bank Nyrt

Market Cap: Kč5.2t

Engages in the provision of commercial banking services to individuals, municipalities, corporations, and enterprises.

STING investicní fond s promenným základním kapitálem

Market Cap: Kč79.5m

STING investicní fond s promenným základním kapitálem, a.s.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: Kč83.2b

Provides various banking products and services in Poland and internationally.

Prabos plus

Market Cap: Kč260.0m

Engages in the manufacture and sale of footwear in the Czech Republic and internationally.

eMan

Market Cap: Kč123.5m

Develops applications for smartphones, tablets, websites, cars, and other smart devices in the Czech Republic, Europe, and North America.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Kč1.8t

Operates as an integrated oil and gas company in Hungary and internationally.

MONETA Money Bank

Market Cap: Kč68.4b

Provides banking and financial products and services to retail customers, small and medium-sized enterprises, corporate clients, and financial and public sector institutions in the Czech Republic, Cyprus, the United States of America, the United Kingdom, and internationally.

Vienna Insurance Group

Market Cap: Kč4.7b

Provides various insurance products and services in Austria and internationally.

Nokia Oyj

Market Cap: Kč23.2b

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.

Orlen

Market Cap: Kč74.8b

Operates in refining, petrochemical, energy, retail, gas, and upstream business.

Colt CZ Group

Market Cap: Kč38.1b

Engages in the production and sale of firearms, ammunition products, and tactical accessories in the Czech Republic, Canada the United States, rest of Europe, Africa, Asia, and internationally.

Kofola CeskoSlovensko

Market Cap: Kč9.4b

Produces and distributes non-alcoholic beverages in the Czech Republic, Slovakia, Slovenia, Croatia, Poland, and internationally.

Skanska

Market Cap: Kč81.3b

Operates as a construction and project development company in the Nordics, Europe, and the United States.

Deutsche Bank

Market Cap: Kč37.6b

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.

E.ON

Market Cap: Kč37.8b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Voestalpine

Market Cap: Kč3.5b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

Shell

Market Cap: Kč139.5b

Operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas.

Gen Digital

Market Cap: Kč15.0b

Engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Heineken

Market Cap: Kč41.4b

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

RWE

Market Cap: Kč24.0b

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

Komercní banka

Market Cap: Kč199.1b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.