German Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Transcontinental

Market Cap: €483.3m

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, Ireland, the Netherlands, Finland, and Spain.

Mota-Engil SGPS

Market Cap: €1.5b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Exxaro Resources

Market Cap: €47.5b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Wesdome Gold Mines

Market Cap: €3.7b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Andean Precious Metals

Market Cap: €849.5m

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

Leidos Holdings

Market Cap: €12.8b

Provides services and solutions for government and commercial customers in the United States and internationally.

Carnival

Market Cap: €39.8b

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

McBride

Market Cap: €264.0m

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.

Indivior Pharmaceuticals

Market Cap: €5.1b

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.

Northern Oil and Gas

Market Cap: €2.0b

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States.

Angel Studios

Market Cap: €598.4m

Operates as a media and technology company.

ANTA Sports Products

Market Cap: €192.3b

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

China Life Insurance

Market Cap: €1.0t

Operates as a life insurance company in the People’s Republic of China.

Forward Air

Market Cap: €470.3m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Hong Leong Asia

Market Cap: €2.2b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.

Vusion

Market Cap: €2.0b

Engages in the provision of digitalization solutions for commerce in France, rest of Europe, the Middle East, Africa, Asia, and the Americas.

Life Healthcare Group Holdings

Market Cap: €14.8b

An investment holding company, operates as a private healthcare company in Southern Africa.

Bouvet

Market Cap: €4.4b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.2b

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

Kalmar Oyj

Market Cap: €2.4b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.

Aegean Airlines

Market Cap: €1.2b

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

GE HealthCare Technologies

Market Cap: €29.9b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

DNO

Market Cap: €16.2b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

ProCredit Holding

Market Cap: €483.6m

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

Otsuka

Market Cap: €1.0t

Provides information services in Japan.

Man Wah Holdings

Market Cap: €11.8b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, North America, and internationally.

Deezer

Market Cap: €131.2m

Provides music, lossless HiFi audio, and industry-defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally.

Japan Lifeline

Market Cap: €89.9b

A medical device company, engages in manufacturing and sale of medical device in Japan.

Antam (Persero)

Market Cap: €65.1t

Operates as a diversified metals and mining company in Indonesia.

TotalEnergies

Market Cap: €151.8b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Bosideng International Holdings

Market Cap: €45.9b

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

China Water Affairs Group

Market Cap: €7.3b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

DOF Group

Market Cap: €28.1b

Owns and operates a fleet of offshore and subsea vessels.

NetEase

Market Cap: €600.7b

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