German Potentially Undervalued Companies

Epwin Group

Market Cap: €160.5m

Manufactures building products for the repair, maintenance and improvement, social housing, and new build markets in the United Kingdom, Europe, and internationally.

Honda Motor

Market Cap: €6.4t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

LY

Market Cap: €3.4t

Engages in the online advertising and e-commerce businesses in Japan.

Illinois Tool Works

Market Cap: €76.8b

Provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

Medtronic

Market Cap: €120.6b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Market Cap: €1.1t

Engages in the distribution and sale of electricity in Argentina.

UniCredit

Market Cap: €103.9b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

Haleon

Market Cap: €32.4b

Engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.

Ten Square Games

Market Cap: €527.2m

Engages in providing mobile games worldwide.

Fuji Electric

Market Cap: €1.5t

Develops power semiconductors and electronics solutions in Japan and internationally.

Eni

Market Cap: €45.1b

Operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.

Masterflex

Market Cap: €135.6m

Develops, manufactures, and distributes high-tech hoses and connecting systems for various industrial and manufacturing applications in Germany, Rest of Europe, and internationally.

Green Landscaping Group

Market Cap: €3.0b

Engages in the green space management and landscaping business in Sweden, Norway, and rest of Europe.

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.

Veganz Group

Market Cap: €29.9m

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

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.

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.

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.

PlayWay

Market Cap: €1.9b

Produces and publishes PC and mobile games worldwide.

IES Holdings

Market Cap: €7.5b

Designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States.

ACRES Commercial Realty

Market Cap: €147.6m

A real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States.

Kubota

Market Cap: €2.1t

Manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally.

Pebble Beach Systems Group

Market Cap: €21.2m

Designs and delivers automation, integrated channel, and virtualized playout software solutions to the broadcast and streaming service markets.

Equity Bancshares

Market Cap: €799.7m

Operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers.

Bayerische Motoren Werke

Market Cap: €51.3b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Wacker Chemie

Market Cap: €3.1b

Provides chemical products worldwide.

Cisco Systems

Market Cap: €263.0b

Designs, developes, and sells technologies that help to power, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.

TomTom

Market Cap: €660.7m

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

Nurminen Logistics Oyj

Market Cap: €86.0m

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

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.

Logista Integral

Market Cap: €3.9b

Through its subsidiaries, operates as a distributor and logistics operator in Spain, France, Italy, Portugal, and Poland.

Bilibili

Market Cap: €10.4b

Provides online entertainment services for the young generations in the People’s Republic of China.

Enity Holding

Market Cap: €4.5b

Engages in providing mortgage services to individuals and communities in Sweden, Norway, and Finland.

Mitsui

Market Cap: €10.5t

Operates as trading and investment company worldwide.