German Potentially Undervalued Companies

NEUCA

Market Cap: €3.2b

Engages in the wholesale distribution of pharmaceuticals in Poland.

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.

Veolia Environnement

Market Cap: €20.9b

Designs and provides water, waste, and energy management solutions.

Yanlord Land Group

Market Cap: €1.5b

A real estate developer focusing on developing high-end fully-fitted residential, commercial and integrated property projects in strategically selected key and high-growth cities in the PRC and Singapore.

SITC International Holdings

Market Cap: €84.3b

A shipping logistics company, engages in the provision of integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally.

Schweizer Electronic

Market Cap: €11.7m

Engages in the development, production, and distribution of printed circuit boards (PCBs) and embedding solutions worldwide.

Shandong Xinhua Pharmaceutical

Market Cap: €10.2b

Develops, manufactures, and sells bulk pharmaceuticals, preparations, and chemical products in the People’s Republic of China, the Americas, Europe, and internationally.

EBOS Group

Market Cap: €6.0b

Engages in the marketing, wholesale, and distribution of healthcare, medical, pharmaceutical, and animal care products in Australia, Southeast Asia, and New Zealand.

Airbnb

Market Cap: €75.0b

Operates a platform that enables hosts to offer stays and experiences to guests worldwide.

Steadfast Group

Market Cap: €6.8b

Provides general insurance brokerage services Australasia, Asia, and Europe.

Sonova Holding

Market Cap: €14.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

PennyMac Financial Services

Market Cap: €6.4b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.

Wix.com

Market Cap: €9.6b

Operates a cloud-based web development platform for registered users and creators worldwide.

Frasers Group

Market Cap: €3.0b

Engages in the retail and wholesale of sports and leisure clothing, footwear and equipment, and apparel through department stores, shops, and online.

Sonova Holding

Market Cap: €14.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Andrew Peller

Market Cap: €241.1m

Produces and markets wines and craft beverage alcohol products in Canada.

PTT Exploration and Production

Market Cap: €448.6b

Engages in the exploration, development, and production of petroleum in Thailand and internationally.

Ashford Hospitality Trust

Market Cap: €38.8m

A REIT.

Karyopharm Therapeutics

Market Cap: €55.9m

A commercial-stage pharmaceutical company, discovers, develops, and commercializes drugs directed against nuclear export for the treatment of cancer and other diseases in the United States.

Grand Canyon Education

Market Cap: €5.8b

Operates as an education services company in the United States.

Constellium

Market Cap: €2.1b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

K-Bro Linen

Market Cap: €481.0m

Provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom.

Nurminen Logistics Oyj

Market Cap: €86.0m

Provides logistics services in Finland, Russia, Sweden, and Baltic countries.

Wacker Chemie

Market Cap: €3.1b

Provides chemical products worldwide.

Audioboom Group

Market Cap: €94.2m

A podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States.

TomTom

Market Cap: €660.7m

Develops and sells navigation and location-based products and services in Europe, the Americas, and internationally.

Fnac Darty

Market Cap: €828.3m

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

Diversified Royalty

Market Cap: €621.0m

A multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America.

International Paper

Market Cap: €24.3b

Produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa.

Veganz Group

Market Cap: €29.9m

Provides vegan food products under the Veganz brand name in Germany, Austria, and Switzerland.

SMC

Market Cap: €2.8t

Manufactures and sells automatic control equipment worldwide.

BioHarvest Sciences

Market Cap: €152.7m

Operates as a biotechnology company in Israel and the United States.

Deutsche Pfandbriefbank

Market Cap: €690.5m

Provides commercial real estate and public investment finance in Germany, rest of Europe.

I-Mab

Market Cap: €470.8m

A biotech company, focuses on the development of immuno-oncology agents for the treatment of cancer in the United States.

GameStop

Market Cap: €11.2b

A specialty retailer, provides games and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia, and Europe.

Telix Pharmaceuticals

Market Cap: €4.6b

A commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic and diagnostic radiopharmaceuticals.