German Potentially Undervalued Companies

Midwich Group

Market Cap: €184.0m

Distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, the Asia Pacific, and North America.

West Bancorporation

Market Cap: €343.6m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Stoneridge

Market Cap: €227.7m

Designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, and agricultural vehicle markets in North America, South America, Europe, Mexico, China, and internationally.

Siemens

Market Cap: €177.4b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Soup Holdings

Market Cap: €20.1m

An investment holding company, operates restaurants.

TreeHouse Foods

Market Cap: €881.7m

Manufactures and distributes private brands snacks and beverages in the United States and internationally.

Bright Horizons Family Solutions

Market Cap: €6.4b

Provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India.

Klaveness Combination Carriers

Market Cap: €4.5b

Owns and operates combination carriers for the dry bulk shipping and product tanker industries in the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia.

J D Wetherspoon

Market Cap: €755.6m

Owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland.

ENEA

Market Cap: €9.1b

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

Mattr

Market Cap: €711.8m

Operates as a materials technology company that serves the transportation, communication, water management, and energy and electrification markets in Canada, the United States, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Auto Trader Group

Market Cap: €6.9b

Operates an automotive platform in the United Kingdom.

Green Rise Foods

Market Cap: €17.9m

Green Rise Foods Inc. grows and sells greenhouse grown fresh produce in North America.

Krispy Kreme

Market Cap: €541.0m

Produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally.

Nishi-Nippon Railroad

Market Cap: €174.5b

Engages in the transportation business in Japan and internationally.

Major Drilling Group International

Market Cap: €806.6m

Provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa.

New Wave Group

Market Cap: €14.5b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally.

Propel Holdings

Market Cap: €1.3b

Operates as a financial technology company.

Lippo

Market Cap: €340.3m

An investment holding company, engages in food manufacturing and retail operations through chains of cafés and bistros in Hong Kong, Mainland China, Republic of Singapore, Malaysia, Indonesia, and internationally.

Kakaku.com

Market Cap: €534.5b

Engages in the provision of purchase support, restaurant review, and other services in Japan.

Arcos Dorados Holdings

Market Cap: €1.4b

Operates as a franchisee of McDonald’s restaurants.

Central Japan Railway

Market Cap: €4.1t

Engages in the railway and related businesses in Japan.

Royal Caribbean Cruises

Market Cap: €91.4b

Operates as a cruise company worldwide.

Investor

Market Cap: €875.1b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Fomento de Construcciones y Contratas

Market Cap: €5.3b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

Mirum Pharmaceuticals

Market Cap: €3.7b

A biopharmaceutical company, focuses on the development and commercialization of novel therapies for debilitating rare and orphan diseases.

Caesarstone

Market Cap: €48.4m

Designs, develops, manufactures, and sells engineered stone and porcelain products under Caesarstone and other brands in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel.

Darma Henwa

Market Cap: €9.0t

Engages in mining support and other excavation activities, and machine repair for special purposes in Indonesia.

Metals Exploration

Market Cap: €377.5m

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the United Kingdom and the Philippines.

Cal-Comp Electronics (Thailand)

Market Cap: €63.2b

Manufactures electronic products worldwide.

Theon International

Market Cap: €1.9b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.

DN Deutsche Nachhaltigkeit

Market Cap: €224.7m

Neon Equity AG is a private equity firm specializing in growth capital, buyout and SPAC investments.

Vistra

Market Cap: €71.1b

Operates as an integrated retail electricity and power generation company in the United States.

123fahrschule

Market Cap: €19.9m

Engages in driving license training in the German driving school market.

Asymchem Laboratories (Tianjin)

Market Cap: €39.6b

Asymchem Laboratories (Tianjin) Co., Ltd.

Ubisoft Entertainment

Market Cap: €1.1b

Produces, publishes, distributes, and operates video games for consoles, PC, smartphones, and tablets in both physical and digital formats in Europe, North America, and internationally.