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.

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.

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.

GFT Technologies

Market Cap: €554.8m

Provides digital transformation services.

Acrow

Market Cap: €244.6m

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

Lithia Motors

Market Cap: €5.9b

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

Atalaya Mining Copper

Market Cap: €1.2b

Engages in the mineral exploration and development in Spain.

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.

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.

CENIT

Market Cap: €60.6m

Provides software solutions and integration services.

Globus Medical

Market Cap: €10.9b

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

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.

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.

Forward Air

Market Cap: €262.8m

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

Akzo Nobel

Market Cap: €8.6b

Produces and sells paints and coatings worldwide.

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.

Cosmo Energy Holdings

Market Cap: €578.3b

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

ENEA

Market Cap: €10.8b

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

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.

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.

Yuexiu Transport Infrastructure

Market Cap: €6.8b

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

Mears Group

Market Cap: €352.3m

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

Vontier

Market Cap: €3.9b

Provides mobility ecosystem solutions worldwide.

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.

Tongcheng Travel Holdings

Market Cap: €37.9b

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

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.

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.

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.

Andean Precious Metals

Market Cap: €1.0b

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

ANTA Sports Products

Market Cap: €215.2b

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

Grupa Pracuj

Market Cap: €3.0b

Operates HR technology platform in Poland, Ukraine, and Germany.

CDW

Market Cap: €13.3b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

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.