German Retail Potentially Undervalued Companies

HORNBACH Holding KGaA

Market Cap: €1.3b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

MINISO Group Holding

Market Cap: €3.8b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Pepkor Holdings

Market Cap: €79.7b

Operates as a retailer in Angola, Botswana, Brazil, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, and Zambia.

Map Aktif Adiperkasa

Market Cap: €17.4t

Operates as a sporting goods retailer in Indonesia.

Academy Sports and Outdoors

Market Cap: €2.9b

Through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States.

Platform Group SE KGaA

Market Cap: €16.5m

A software company, operates online platforms for B2B and B2C customers.

LKQ

Market Cap: €6.3b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Platform Group SE KGaA

Market Cap: €16.5m

A software company, operates online platforms for B2B and B2C customers.

Group 1 Automotive

Market Cap: €3.8b

Through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom.

HORNBACH Holding KGaA

Market Cap: €1.3b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

JD.com

Market Cap: €40.1b

Operates as a supply chain-based technology and service provider in the People’s Republic of China and Europe.

Alibaba Group Holding

Market Cap: €268.5b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally.

Alibaba Group Holding

Market Cap: €268.0b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally.

Adairs

Market Cap: €256.3m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Betterware de MéxicoP.I. de

Market Cap: €673.7m

Operates as a direct-to-consumer selling company in the United States and Mexico.

Vibra Energia

Market Cap: €40.2b

Manufactures, processes, distributes, trades in, transports, imports, and exports oil-based products, lubricants, and other fuels.

Pasquarelli Auto

Market Cap: €25.3m

Operates as a dealer of new, used, company, and 0 km cars in Italy.

Cosan

Market Cap: €15.4b

Engages in the fuel distribution business.

Ultimate Products

Market Cap: €40.1m

Supplies branded household products in the United Kingdom, Rest of Europe, and internationally.

MINISO Group Holding

Market Cap: €3.8b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Lithia Motors

Market Cap: €7.6b

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

Caleres

Market Cap: €393.7m

Engages in the designs, develops, sources, manufactures, and distributes footwear in the United States, Canada, East and Southeast Asia, and internationally.

JD Sports Fashion

Market Cap: €4.2b

Engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for women and men in the United Kingdom, Europe, North America, and the Asia Pacific.

El Puerto de Liverpool. de

Market Cap: €134.3b

Operates a chain of department stores primarily in Mexico.

Pop Mart International Group

Market Cap: €220.5b

An investment holding company, designs, develops, and sells pop toys in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

Westwing Group

Market Cap: €293.1m

Operates as an e-commerce retailer in the home and living sector.

Matas

Market Cap: €3.4b

Operates a chain of retail stores that offer beauty, personal care, health and wellbeing, and household products in Denmark, Sweden, Norway, and internationally.

Pop Mart International Group

Market Cap: €220.5b

An investment holding company, designs, develops, and sells pop toys in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

Maisons du Monde

Market Cap: €7.8m

Through its subsidiaries, provides home and living room related products in France and internationally.

Bath & Body Works

Market Cap: €4.2b

Operates as a specialty retailer of personal care and home fragrance products.

Fnac Darty

Market Cap: €1.0b

Engages in the retail of entertainment and leisure products, consumer electronics, and domestic appliances in France, Switzerland, Belgium, Luxembourg, and the Iberian Peninsula.

Global Fashion Group

Market Cap: €100.8m

Operates e-commerce platforms for fashion and lifestyle markets in Latin America, Southeast Asia, Australia, and New Zealand.

Zhongsheng Group Holdings

Market Cap: €11.0b

An investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China.

Inchcape

Market Cap: €2.8b

Operates as an automotive distributor.

JD.com

Market Cap: €39.5b

Operates as a supply chain-based technology and service provider in the People’s Republic of China and Europe.

PT. Mitra Adiperkasa

Market Cap: €24.4t

Engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally.