German Potentially Undervalued Companies

mVISE

Market Cap: €9.3m

Provides IT consultancy services in Germany.

T-Mobile US

Market Cap: €270.5b

Provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands.

First Citizens BancShares

Market Cap: €24.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Grounds Real Estate Development

Market Cap: €28.7m

A real estate company, engages in the development, management, rental, and sale of residential properties in Germany.

Eckert & Ziegler

Market Cap: €1.1b

Manufactures and sells isotope technology components worldwide.

AVI

Market Cap: €32.6b

Manufactures, processes, markets, and distributes branded consumer products in the food, beverage, footwear, apparel, and cosmetics sectors in South Africa, other African countries, Europe, and internationally.

Nichols

Market Cap: €407.8m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Toho Zinc

Market Cap: €8.6b

Operates in the smelting and refining, mineral resources, electronic components, advanced materials, and environment and recycling businesses in Japan.

Keihan Holdings

Market Cap: €347.7b

Engages in the transportation and various other businesses in Japan.

Tarachi Gold

Market Cap: €4.2m

Engages in the exploration and evaluation of mineral properties.

PARK24

Market Cap: €375.4b

Operates and manages parking facilities in Japan and Internationally.

Lithium Americas

Market Cap: €942.5m

Focuses on developing, building, and operating of lithium deposits and chemical processing facilities in the United States and Canada.

Mitsui

Market Cap: €10.4t

Operates as trading and investment company worldwide.

Medios

Market Cap: €370.3m

Supplies specialty pharmaceutical drugs primarily in Germany.

SiriusPoint

Market Cap: €2.2b

Provides multi-line reinsurance and insurance products and services worldwide.

Sealed Air

Market Cap: €4.8b

Provides packaging solutions in the United States and internationally, Europe, the Middle East, Africa, and Asia Pacific.

Bravida Holding

Market Cap: €18.9b

Provides technical services and installations for buildings and industrial facilities in Sweden, Norway, Denmark, and Finland.

Aker Carbon Capture

Market Cap: €141.4m

Operates as a carbon capture company.

Camping World Holdings

Market Cap: €1.7b

Together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States.

KDX Realty Investment

Market Cap: €682.2b

Since listing on the Tokyo Stock Exchange in July 2005, we have established a solid portfolio investing in mid-sized office buildings primarily in the Tokyo Metropolitan Area.

Greggs

Market Cap: €1.6b

Operates as a food-on-the-go retailer in the United Kingdom.

Digital Value

Market Cap: €327.3m

Provides information and communication technology (ICT) solutions and services in Italy.

Corteva

Market Cap: €48.7b

Operates in the agriculture business.

Shimao Services Holdings

Market Cap: €1.9b

An investment holding company, provides property management and city services in the People’s Republic of China.

Diageo

Market Cap: €42.4b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Stride

Market Cap: €6.8b

Provides proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally.

Mercer International

Market Cap: €204.0m

Manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp in the United States, Germany, China, and internationally.

Netum Group Oyj

Market Cap: €20.4m

Operates as an IT services company in Finland.

Bossard Holding

Market Cap: €1.3b

Provides industrial fastening and assembly solutions in Europe, the United States, and Asia.

Lemonsoft Oyj

Market Cap: €122.7m

A software company, designs, develops, and sells enterprise resource planning software solutions in Finland and internationally.

Saul Centers

Market Cap: €1.1b

As of March 31, 2025, 93.9% of the commercial portfolio was leased compared to 94.6% as of March 31, 2024.

Ashtead Group

Market Cap: €22.8b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

Chugai Pharmaceutical

Market Cap: €10.9t

Engages in the research, development, manufacture, sale, importation, and exportation of pharmaceuticals in Japan and internationally.

Fresenius SE KGaA

Market Cap: €26.5b

A health care company, provides products and services for chronically ill patients.

NagaCorp

Market Cap: €27.3b

An investment holding company, engages in the management and operation of hotel and casino complex in the Kingdom of Cambodia.

Kulmbacher Brauerei Aktien-Gesellschaft

Market Cap: €133.1m

Engages in the brewery business in Germany and internationally.