German Potentially Undervalued Companies

Clarivate

Market Cap: €2.9b

Operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific.

Wajax

Market Cap: €517.1m

Provides industrial products and services in Canada.

Central Japan Railway

Market Cap: €4.1t

Engages in the railway and related businesses in Japan.

Suntec Real Estate Investment Trust

Market Cap: €3.9b

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.

TAURON Polska Energia

Market Cap: €15.8b

Through its subsidiaries, generates, distributes, and supplies electricity and heat in Poland and the Czech Republic.

GMO internet group

Market Cap: €401.6b

Provides various Internet services worldwide.

Zealand Pharma

Market Cap: €29.0b

A biotechnology company, engages in the discovery, development, and commercialization of peptide-based medicines in Denmark and the United States.

PagerDuty

Market Cap: €1.5b

Engages in the operation of a digital operations management platform in the United States and internationally.

Gartner

Market Cap: €18.7b

Operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally.

Toro

Market Cap: €7.8b

Provides professional turf maintenance equipment and services.

2G Energy

Market Cap: €583.1m

Manufactures systems for decentralized energy supply in Germany and internationally.

Türk Hava Yollari Anonim Ortakligi

Market Cap: €433.3b

Provides air transport and aircraft technical maintenance services in Turkey and internationally.

Eagle Bancorp Montana

Market Cap: €135.0m

Operates as the bank holding company for Opportunity Bank of Montana that provides various banking products and services to small businesses and individuals in Montana.

Digital Turbine

Market Cap: €500.7m

Through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs).

Accuray

Market Cap: €176.9m

Engages in the design, development, manufacture, and sale of radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Asia, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, and China.

CVS Health

Market Cap: €95.1b

Provides health solutions in the United States.

Braemar Hotels & Resorts

Market Cap: €218.7m

A Maryland corporation formed in April 2013 that invests primarily in high revenue per available room (“RevPAR”), luxury hotels and resorts.

Ardelyx

Market Cap: €1.6b

Ardelyx, Inc. discovers, develops, and commercializes medicines to treat unmet medical needs in the United States and internationally.

TINC

Market Cap: €491.6m

TINC Comm. VA is an investment firm specializing in investments in public and private infrastructure, real assets, and energy sector.

Marks and Spencer Group

Market Cap: €6.8b

Operates various retail stores.

Hyster-Yale

Market Cap: €633.9m

Through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide.

Climb Global Solutions

Market Cap: €597.1m

Operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, and the United Kingdom.

Agile Group Holdings

Market Cap: €2.7b

An investment holding company, engages in property development, property management, and other businesses in the People’s Republic of China, Hong Kong, and internationally.

Citigroup

Market Cap: €183.1b

A diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions.

Gigante Salmon

Market Cap: €1.4b

Engages in the land-based salmon farming business in Norway.

Country Garden Services Holdings

Market Cap: €23.4b

An investment holding company, provides property management services to property owners, residents, and property developers in Mainland China.

Substrate Artificial Inteligence

Market Cap: €13.7m

Engages in the creation and development of artificial intelligence systems in Spain.

Grifols

Market Cap: €7.3b

Operates as a plasma therapeutic company in Spain, the United States, Canada, and internationally.

Mowi

Market Cap: €111.6b

A seafood company, produces and sells Atlantic salmon products worldwide.

Kits Eyecare

Market Cap: €511.6m

Operates a digital eyecare platform in the United States and Canada.

Organigram Global

Market Cap: €307.6m

Engages in the production and sale of cannabis and cannabis-derived products in Canada.

Nippon Kayaku

Market Cap: €222.3b

Engages in mobility and imaging, fine chemicals, and life sciences businesses in Japan.

Koei Tecmo Holdings

Market Cap: €600.5b

Operates as an entertainment company in Japan, North America, Europe, Asia, and internationally.

Airbnb

Market Cap: €75.0b

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

Sapporo Holdings

Market Cap: €580.9b

Engages in alcoholic beverages, foods and soft drinks, restaurants, and real estate businesses in Japan and internationally.

Ninety One Group

Market Cap: €1.7b

Operates as an independent global asset manager worldwide.