German Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Robert Walters

Market Cap: €102.0m

Provides professional recruitment consultancy services worldwide.

CleanSpark

Market Cap: €2.7b

Operates as a bitcoin mining company in the Americas.

Acrow

Market Cap: €318.8m

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

Aica Kogyo Company

Market Cap: €234.5b

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

Intrum

Market Cap: €6.5b

Provides payment solutions and credit and collection services in Europe and internationally.

Rainbow Tours

Market Cap: €2.1b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

CTO Realty Growth

Market Cap: €566.2m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

China Mengniu Dairy

Market Cap: €59.3b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Pollard Banknote

Market Cap: €513.5m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

CEWE Stiftung KGaA

Market Cap: €660.0m

Operates as a photo service and online printing provider in Germany and internationally.

Luceco

Market Cap: €183.0m

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.

74Software

Market Cap: €1.2b

Operates as a software company in France.

Capgemini

Market Cap: €20.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Perrigo

Market Cap: €3.3b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Grafton Group

Market Cap: €1.7b

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

Thungela Resources

Market Cap: €12.0b

Engages in the mining and production of thermal coal in South Africa and Australia.

Transcontinental

Market Cap: €1.7b

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

Origin Enterprises

Market Cap: €405.6m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

GFT Technologies

Market Cap: €459.9m

Provides digital transformation services.

Arnoldo Mondadori Editore

Market Cap: €539.9m

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

Ernst Russ

Market Cap: €236.5m

A publicly owned investment manager.

Grand Pharmaceutical Group

Market Cap: €32.9b

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.

Beazley

Market Cap: €4.7b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Regeneron Pharmaceuticals

Market Cap: €60.1b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Valeura Energy

Market Cap: €855.2m

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

Havas

Market Cap: €1.5b

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

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Teva Pharmaceutical Industries

Market Cap: €20.7b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Stingray Group

Market Cap: €673.5m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

DOF Group

Market Cap: €24.1b

Owns and operates a fleet of offshore and subsea vessels.

Casta Diva Group

Market Cap: €11.8m

Operates as a communication company in Italy and internationally.

Bidvest Group

Market Cap: €80.5b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Indofood Sukses Makmur

Market Cap: €65.4t

Operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally.

Asahi Group Holdings

Market Cap: €2.8t

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

Huhtamäki Oyj

Market Cap: €3.2b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.