German Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Allied Properties Real Estate Investment Trust

Market Cap: €2.1b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

ANTA Sports Products

Market Cap: €246.1b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Victory Capital Holdings

Market Cap: €3.6b

Operates as an asset management company in the United States and internationally.

Aica Kogyo Company

Market Cap: €204.0b

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

Lithia Motors

Market Cap: €7.6b

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

Hammond Power Solutions

Market Cap: €941.0m

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Enovis

Market Cap: €1.8b

Operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally.

SFL

Market Cap: €1.0b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Luceco

Market Cap: €184.8m

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.

TotalEnergies

Market Cap: €112.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Pepper Money

Market Cap: €597.2m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Comcast

Market Cap: €129.1b

Operates as a media and technology company worldwide.

QinetiQ Group

Market Cap: €2.2b

Operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

Royalty Pharma

Market Cap: €18.6b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Nordex

Market Cap: €3.7b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

CES Energy Solutions

Market Cap: €1.4b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Hunting

Market Cap: €410.9m

Manufactures components, technology systems, and precision parts worldwide.

Quest Resource Holding

Market Cap: €50.8m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

Timken

Market Cap: €4.3b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Reynolds Consumer Products

Market Cap: €5.0b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

Steelcase

Market Cap: €1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

q.beyond

Market Cap: €95.9m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

CENIT

Market Cap: €66.8m

Operates as an IT consultancy and software company that serves manufacturing and financial services industries in Germany, Austria, Switzerland, North America, Romania, France, Belgium, the Netherlands, and China.

Grand Pharmaceutical Group

Market Cap: €19.6b

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.

Hikma Pharmaceuticals

Market Cap: €4.2b

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

Arkema

Market Cap: €4.7b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Nilfisk Holding

Market Cap: €2.2b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Bosideng International Holdings

Market Cap: €45.2b

Engages in the apparel business in the People’s Republic of China.

Bayer

Market Cap: €20.5b

Operates as a life science company worldwide.

Valeura Energy

Market Cap: €719.2m

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

Regional Management

Market Cap: €301.9m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Nucor

Market Cap: €25.5b

Engages in the manufacture and sale of steel and steel products.

SergeFerrari Group

Market Cap: €58.2m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

Morgan Advanced Materials

Market Cap: €523.7m

Manufactures and sells various carbon and ceramic products in the United Kingdom.

Kalmar Oyj

Market Cap: €1.7b

Engages in the provision of heavy material handling equipment and automated terminal solutions for ports, terminals, distribution centers, and heavy industry.