German Potentially Undervalued Companies

Kemper

Market Cap: €3.7b

An insurance holding company, provides insurance products in the United States.

Sanlorenzo

Market Cap: €932.4m

Engages in the designing, building, and selling boats and pleasure boats in Italy, Europe, the Asia-Pacific, the United States, the Middle East, and internationally.

Edgewell Personal Care

Market Cap: €1.4b

Manufactures and markets personal care products worldwide.

UOL Group

Market Cap: €4.9b

Engages in property and hospitality activities in Singapore, Australia, the United Kingdom, China, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Cambodia, Bangladesh, Japan, the United States, Canada, and Kenya.

Transtema Group

Market Cap: €536.9m

Transtema Group AB builds, maintains, and manages the operation of various communication networks in Sweden.

HEXPOL

Market Cap: €29.1b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

GFT Technologies

Market Cap: €535.7m

Provides digital transformation services.

VGP

Market Cap: €2.1b

Develops, owns, and manages logistics and semi-industrial real estate, and ancillary offices.

Zoom Communications

Market Cap: €20.7b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Banco Santander

Market Cap: €82.8b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

TeamViewer

Market Cap: €1.9b

Develops and distributes remote connectivity solutions worldwide.

Bank Negara Indonesia (Persero)

Market Cap: €158.0t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

Munters Group

Market Cap: €18.5b

Engages in the provision of climate solutions in Sweden and internationally.

Sealed Air

Market Cap: €3.6b

Provides packaging solutions in the United States and internationally, Europe, the Middle East, Africa, and Asia Pacific.

Azimut Holding

Market Cap: €3.1b

Engages in the asset management business.

Discover Financial Services

Market Cap: €37.0b

Through its subsidiaries, provides digital banking products and services, and payment services in the United States.

DATAGROUP

Market Cap: €313.7m

Provides information technology (IT) solutions in Germany and internationally.

Verbio

Market Cap: €500.2m

Engages in the production and distribution of fuels and finished products in Germany, Europe, North America, and internationally.

Erste Group Bank

Market Cap: €22.3b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Nippon Steel

Market Cap: €3.1t

Engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally.

Per Aarsleff Holding

Market Cap: €8.5b

Provides infrastructure and construction services for societies in Denmark and internationally.

Globe Life

Market Cap: €9.8b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

R. STAHL

Market Cap: €114.6m

Develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide.

SCOR

Market Cap: €4.2b

Provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific.

3i Group

Market Cap: €34.1b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

TietoEVRY Oyj

Market Cap: €1.8b

Operates as a software and services company.

Tutor Perini

Market Cap: €1.1b

A construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide.

Volex

Market Cap: €365.7m

Manufactures and sells power and data cables in North America, Europe, and Asia.

NGK Insulators

Market Cap: €497.1b

Manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others.

Exor

Market Cap: €16.3b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

City Office REIT

Market Cap: €201.8m

City Office REIT, Inc. (the “Company”) was organized in the state of Maryland on November 26, 2013.

Interpublic Group of Companies

Market Cap: €8.8b

Provides advertising and marketing services worldwide.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.3b

Construcciones y Auxiliar de Ferrocarriles, S.A.

FinVolution Group

Market Cap: €2.3b

Operates in the online consumer finance industry.

Merck KGaA

Market Cap: €51.2b

Operates as a science and technology company in Germany.

Voya Financial

Market Cap: €5.4b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.