German Potentially Undervalued Companies

trivago

Market Cap: €172.1m

Operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally.

Siyata Mobile

Market Cap: €2.0m

Engages in the development and sale of vehicle-mounted, cellular-based communications platforms, and cellular booster systems in the United States, Canada, Europe, Australia, the Middle East, and internationally.

Amada

Market Cap: €575.3b

Manufactures and sells metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally.

eEducation Albert

Market Cap: €217.1m

Develops and markets digital educational services on a subscription basis to private individuals and schools in Sweden and internationally.

Verb Technology Company

Market Cap: €5.1m

Through its subsidiaries, operates as an interactive video-based social commerce company.

Cerence

Market Cap: €802.5m

Provides AI powered virtual assistants for the mobility/transportation market in the United States, rest of the Americas, Germany, rest of Europe, the Middle East, Africa, Japan, and rest of the Asia-Pacific.

Banco de Sabadell

Market Cap: €6.3b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Mapletree North Asia Commercial Trust

Market Cap: €4.2b

Listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") on 7 March 2013, Mapletree North Asia Commercial Trust ("MNACT") is the first real estate investment trust (“REIT”) that offers investors the opportunity to invest in best-in-class commercial properties situated in prime locations in China, in Hong Kong SAR, in Japan and in South Korea.

mwb fairtrade Wertpapierhandelsbank

Market Cap: €25.3m

Operates as a securities trading company in Germany.

Precious Shipping

Market Cap: €15.3b

A holding company, owns and operates dry bulk ships on a tramp shipping basis in Thailand and internationally.

Novavax

Market Cap: €1.1b

A biotechnology company, engages in the discovering, developing, and commercializing vaccines to protect against serious infectious diseases in the United States, Europe, and internationally.

Jaguar Health

Market Cap: €11.7m

A commercial-stage pharmaceuticals company, focuses on developing plant-based prescription medicines for people and animals with gastrointestinal distress.

Georgia Capital

Market Cap: €424.3m

A private equity and venture capital firm specializing in early stage, organic growth and acquisitions.

AB Vilkyskiu pienine

Market Cap: €123.6m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Daqo New Energy

Market Cap: €1.4b

Manufactures and sells polysilicon to photovoltaic product manufacturers in the People’s Republic of China.

Antin Infrastructure Partners SAS

Market Cap: €2.0b

A private equity firm specializing in infrastructure investments.

Watches of Switzerland Group

Market Cap: €773.3m

Operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States.

Formula Systems (1985)

Market Cap: €7.1b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Churchill Downs

Market Cap: €7.0b

Operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.

Egetis Therapeutics

Market Cap: €1.9b

A pharmaceutical company, focuses on projects in late-stage development for the treatment of serious diseases with unmet medical needs in the orphan drug segment.

Jinxin Fertility Group

Market Cap: €7.7b

An investment holding company, provides assisted reproductive services (ARS) in China and the United States.

Artis Real Estate Investment Trust

Market Cap: €709.2m

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States.

Freeport-McMoRan

Market Cap: €63.0b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

Restar

Market Cap: €75.0b

Engages in electronics trading business in Japan and internationally.

Fabasoft

Market Cap: €169.7m

Provides software products and cloud services for digital document, process, and file management in Austria, Germany, Switzerland, and internationally.

WESCO International

Market Cap: €10.3b

Provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally.

Atlas Lithium

Market Cap: €104.9m

Operates as a mineral exploration and development company in Brazil.

Nexi

Market Cap: €6.2b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.

Gr. Sarantis

Market Cap: €904.6m

Produces and trades in cosmetics, household products, and pharmaceutical items in Greece, Portugal, Poland, Romania, Bulgaria, Serbia, Bosnia-Herzegovina, North Macedonia, Slovenia, Czech-Slovakia, Hungary, and Ukraine.

Nisshin OilliO GroupLtd

Market Cap: €169.7b

Engages in foods and ingredients business in Japan, rest of Asia, and internationally.

Maximus

Market Cap: €4.9b

Operates as a provider of government services worldwide.

adidas

Market Cap: €31.8b

Designs, develops, produces, and markets athletic and sports lifestyle products in Europe, North America, Greater China, Latin America, Japan, and South Korea.

Dolphin Drilling

Market Cap: €293.0m

Provides drilling services to the offshore oil and gas industry in the United Kingdom, India, Norway, and Nigeria.

SGH

Market Cap: €20.1b

Engages in the heavy equipment sales and service, equipment hire, construction materials, media, broadcasting, and energy assets businesses.

Trainers' House Oyj

Market Cap: €4.6m

Provides coaching and other services in Finland and rest of Europe.

Rex International Holding

Market Cap: €235.7m

An investment holding company, operates as an oil exploration and production company.