German Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

American Integrity Insurance Group

Market Cap: €324.4m

Operates as an insurance company in the United States.

Barco

Market Cap: €738.2m

Develops visualization solutions, and collaboration and networking technologies for the entertainment, enterprise, and healthcare markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Andean Precious Metals

Market Cap: €1.0b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Sonoco Products

Market Cap: €4.6b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

OceanaGold

Market Cap: €9.1b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Ansell

Market Cap: €3.6b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Yuexiu Transport Infrastructure

Market Cap: €6.8b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Grand Pharmaceutical Group

Market Cap: €19.5b

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.

Carnival

Market Cap: €33.0b

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

Regeneron Pharmaceuticals

Market Cap: €64.1b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines to treat various diseases worldwide.

CENIT

Market Cap: €60.6m

Provides software solutions and integration services.

Tongcheng Travel Holdings

Market Cap: €37.9b

An investment holding company, provides travel related services in the People’s Republic of China.

Grafton Group

Market Cap: €1.5b

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

Arnoldo Mondadori Editore

Market Cap: €529.1m

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

Northpointe Bancshares

Market Cap: €585.1m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Havas

Market Cap: €1.6b

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

Bank Mandiri (Persero)

Market Cap: €394.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Mears Group

Market Cap: €352.3m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Cosmo Energy Holdings

Market Cap: €578.3b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

ProCredit Holding

Market Cap: €473.5m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Aegean Airlines

Market Cap: €1.0b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

GFT Technologies

Market Cap: €554.8m

Provides digital transformation services.

Indivior Pharmaceuticals

Market Cap: €4.5b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Globus Medical

Market Cap: €10.9b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Acrow

Market Cap: €244.6m

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

Royal Caribbean Cruises

Market Cap: €66.3b

Operates as a cruise company worldwide.

Asahi Group Holdings

Market Cap: €2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Lithia Motors

Market Cap: €5.9b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Vontier

Market Cap: €3.9b

Provides mobility ecosystem solutions worldwide.

PENN Entertainment

Market Cap: €2.0b

Provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally.

Atalaya Mining Copper

Market Cap: €1.2b

Engages in the mineral exploration and development in Spain.

ENEA

Market Cap: €10.8b

Generates, transmits, distributes, and trades in electricity in Poland.

Brinker International

Market Cap: €5.4b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Transcontinental

Market Cap: €454.3m

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

McBride

Market Cap: €284.3m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.