German Potentially Undervalued Companies

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.

Advantage Energy

Market Cap: €1.9b

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.

Far East Orchard

Market Cap: €623.5m

An investment holding company, engages in the hotel operations and property investment activities in Singapore, Australia, the United Kingdom, Japan, Malaysia, Germany, and Denmark.

Enbridge

Market Cap: €146.9b

Operates as an energy infrastructure company.

W5 Solutions

Market Cap: €1.0b

Manufactures and supplies systems and solutions for the defense and civil security sectors in Sweden.

CuriosityStream

Market Cap: €258.4m

A media and entertainment company, provides factual content through multiple channels.

Frasers Logistics & Commercial Trust

Market Cap: €3.6b

Frasers Logistics & Commercial Trust (“FLCT”) is a Singapore-listed real estate investment trust with a portfolio comprising 114 industrial and commercial properties, worth approximately S$6.8 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands.

Clorox

Market Cap: €15.1b

Manufactures and markets consumer and professional products worldwide.

Berner Industrier

Market Cap: €1.3b

Engages in the technology distribution, and energy and environment business in Sweden, Norway, Finland, and Denmark.

Koninklijke KPN

Market Cap: €16.3b

Provides telecommunications and information technology (IT) services in the Netherlands.

Charoen Pokphand Foods

Market Cap: €193.7b

Together its subsidiaries, operates in the agro-industrial and integrated food businesses in Thailand and internationally.

Lendlease Group

Market Cap: €3.7b

Operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas.

So-Young International

Market Cap: €364.5m

Operates an online platform for consumption healthcare services in the People’s Republic of China.

Zoomlion Heavy Industry Science and Technology

Market Cap: €61.5b

Zoomlion Heavy Industry Science and Technology Co., Ltd.

Jutal Offshore Oil Services

Market Cap: €1.3b

An investment holding company, engages in the fabrication of facilities and provision of integrated services for oil and gas, new energy, and refining and chemical industries.

Probe Gold

Market Cap: €579.2m

A precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada.

Vireo Growth

Market Cap: €664.9m

Operates as a cannabis company that cultivates, manufactures, processes, and distributes medical and adult-use cannabis products in Maryland, Minnesota, and New York.

Mizuho Financial Group

Market Cap: €12.0t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Sojitz

Market Cap: €828.1b

Operates as a general trading company that engages in various business activities worldwide.

InvenTrust Properties

Market Cap: €2.3b

InvenTrust Properties Corp. (the “Company,” "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.

Etsy

Market Cap: €5.9b

Operates two-sided online marketplaces that connect buyers and sellers worldwide.

Redefine Properties

Market Cap: €34.2b

A Real Estate Investment Trust (REIT) with a sectoral and geographically diversified property asset platform valued at R99.4 billion (FY24: R99.6 billion).

Amcor

Market Cap: €19.2b

Engages in the production and sale of packaging products in Europe, North America, Latin America, and the Asia Pacific.

Cowen

Market Cap: €1.1b

Cowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally.

Spruce Power Holding

Market Cap: €50.4m

Owns and operates distributed solar energy assets in the United States.

Heineken Holding

Market Cap: €20.7b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Graines Voltz

Market Cap: €26.8m

Distributes flower and vegetable seeds in France and internationally.

Telstra Group

Market Cap: €44.2b

Engages in the provision of telecommunications and information services to businesses, government, and individuals in Australia and internationally.

Capelli

Market Cap: €12.6m

Operates as a real estate development company in France, Switzerland, Luxembourg, and internationally.

SilverCrest Metals

Market Cap: €2.5b

Engages in the acquiring, exploration, and development of precious metal properties in Mexico.

SBI Rheos Hifumi

Market Cap: €14.6b

A privately owned investment manager.

Enzon Pharmaceuticals

Market Cap: €6.7m

Does not have significant operations.

Nitto Denko

Market Cap: €1.8t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Keda Industrial Group

Market Cap: €20.6b

Manufactures and sells building material machinery in China.