German Potentially Undervalued Companies

Ackermans & Van Haaren

Market Cap: €7.5b

Engages in the marine engineering and contracting, private banking, real estate and senior care, energy and resources, and growth capital businesses worldwide.

Ion Beam Applications

Market Cap: €348.9m

Designs, produces, and markets solutions for cancer diagnosis and treatments in Belgium, the United States, and internationally.

Sinopharm Group

Market Cap: €57.9b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Hanwa

Market Cap: €255.4b

Trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan and internationally.

Mota-Engil SGPS

Market Cap: €1.5b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

SpartanNash

Market Cap: €904.0m

A food solutions company, engages in the distribution and retail sale of grocery products in the United States of America.

Fortrea Holdings

Market Cap: €914.4m

A contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide.

UNIQA Insurance Group

Market Cap: €3.8b

Operates as an insurance company in Austria and Central and Eastern Europe.

Timken

Market Cap: €5.3b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Industrial and Commercial Bank of China

Market Cap: €2.7t

Provides banking products and services in the People's Republic of China and internationally.

Pepper Money

Market Cap: €958.2m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Hunting

Market Cap: €523.8m

Manufactures components, technology systems, and precision parts worldwide.

IG Group Holdings

Market Cap: €4.0b

A fintech company, engages in the online trading business in the United Kingdom, Ireland, the Asia-Pacific, the Middle East, the United States, Europe, and institutional and emerging markets.

Compagnie de Saint-Gobain

Market Cap: €45.7b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Kalmar Oyj

Market Cap: €2.5b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.

HMC Capital

Market Cap: €1.5b

Owns and manages real estate focused funds in Australia.

LifeVantage

Market Cap: €150.3m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, weight management, pre- and pro-biotics and skin and hair care products.

Moog

Market Cap: €6.1b

Designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets in the United States, Germany, and internationally.

Absa Group

Market Cap: €156.6b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Meta Platforms

Market Cap: €1.9t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.

Wilmar International

Market Cap: €18.4b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Basic-Fit

Market Cap: €1.7b

Engages in the operation of fitness clubs.

KDDI

Market Cap: €9.5t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Bank Mandiri (Persero)

Market Cap: €402.3t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Scandinavian Tobacco Group

Market Cap: €7.1b

Manufactures and sells tobacco products in North America, Europe, and internationally.

Summarecon Agung

Market Cap: €7.3t

PT Summarecon Agung Tbk constructs and develops real estate properties in Indonesia.

Select Medical Holdings

Market Cap: €1.6b

Through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States.

CENIT

Market Cap: €60.9m

Provides software solutions and associated software consulting and integration services.

KGHM Polska Miedz

Market Cap: €26.9b

Engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally.

Metair Investments

Market Cap: €1.5b

Manufactures, supplies, and distributes motor vehicle components and energy storage solutions in South Africa, Romania, and the United Kingdom.

General Mills

Market Cap: €26.9b

Manufactures and markets branded consumer foods worldwide.

Minor Hotels Europe & Americas

Market Cap: €2.8b

Operates hotels in Spain, Italy, Southern Europe, the United States, Central Europe, Benelux, Latin America, and Central Services.

Cyfrowy Polsat

Market Cap: €8.9b

Provides digital satellite platform and terrestrial television (TV), and telecommunication services primarily in Poland.

Tullow Oil

Market Cap: €155.3m

An energy company, develops, produces, and sells oil and gas resources in Ghana, Gabon, Côte d’Ivoire, Kenya, and Argentina.

LANXESS

Market Cap: €2.0b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

bpost/SA

Market Cap: €456.0m

Provides mail and parcel services to individuals, businesses, and public institutions in Belgium, rest of Europe, the United States, and internationally.