German Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

Aica Kogyo Company

Market Cap: €234.5b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Rainbow Tours

Market Cap: €2.1b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Intrum

Market Cap: €6.5b

Provides payment solutions and credit and collection services in Europe and internationally.

d'Amico International Shipping

Market Cap: €453.0m

Through its subsidiaries, operates as a marine transportation company worldwide.

Robert Walters

Market Cap: €102.0m

Provides professional recruitment consultancy services worldwide.

Hikma Pharmaceuticals

Market Cap: €4.0b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Regeneron Pharmaceuticals

Market Cap: €60.1b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Transcontinental

Market Cap: €1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Perrigo

Market Cap: €3.3b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Origin Enterprises

Market Cap: €405.6m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Acrow

Market Cap: €318.8m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Vallourec

Market Cap: €3.7b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Capgemini

Market Cap: €20.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

GFT Technologies

Market Cap: €459.9m

Provides digital transformation services.

Grand Pharmaceutical Group

Market Cap: €32.9b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Ernst Russ

Market Cap: €236.5m

A publicly owned investment manager.

Arnoldo Mondadori Editore

Market Cap: €539.9m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Thungela Resources

Market Cap: €12.0b

Engages in the mining and production of thermal coal in South Africa and Australia.

Valeura Energy

Market Cap: €855.2m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Amneal Pharmaceuticals

Market Cap: €3.0b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

Beazley

Market Cap: €4.7b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

CEWE Stiftung KGaA

Market Cap: €660.0m

Operates as a photo service and online printing provider in Germany and internationally.

Luceco

Market Cap: €183.0m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

CTO Realty Growth

Market Cap: €566.2m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

Lenovo Group

Market Cap: €137.4b

An investment holding company, develops, manufactures, and markets technology products and services.

Renew Holdings

Market Cap: €634.0m

Provides engineering services in the United Kingdom.

Pollard Banknote

Market Cap: €513.5m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

74Software

Market Cap: €1.2b

Operates as a software company in France.

Tsingtao Brewery

Market Cap: €87.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

China Mengniu Dairy

Market Cap: €59.3b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

CleanSpark

Market Cap: €2.7b

Operates as a bitcoin mining company in the Americas.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Stingray Group

Market Cap: €673.5m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

Casta Diva Group

Market Cap: €11.8m

Operates as a communication company in Italy and internationally.