German Potentially Undervalued Companies

Orion Oyj

Market Cap: €9.3b

Develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, rest of Europe, North America, and internationally.

Abbott Laboratories

Market Cap: €231.4b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Thai Union Group

Market Cap: €48.2b

Manufactures and sells frozen, chilled, and canned seafood in Thailand and internationally.

Sekisui House

Market Cap: €2.2t

Designs, constructs, and contracts built-to-order detached houses in Japan and internationally.

Mesoblast

Market Cap: €2.7b

Engages in the development of regenerative medicine products in Australia, the United States, Singapore, and Switzerland.

Aisin

Market Cap: €2.0t

Manufactures and sells automotive parts, lifestyle, and energy and wellness related products in Japan.

MAAS Group Holdings

Market Cap: €1.6b

Together with subsidiaries, engages in the provision of construction materials to the civil infrastructure, renewable energy, building and construction, and mining sectors.

Österreichische Post

Market Cap: €2.0b

Provides postal and parcel services in Austria, Germany, Southeast and Eastern Europe, Turkey, Azerbaijan, and internationally.

Müller - Die lila Logistik

Market Cap: €40.6m

Provides logistics services in Germany and internationally.

Chart Industries

Market Cap: €8.8b

Engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally.

TOA

Market Cap: €172.5b

Provides construction and engineering services in Japan.

Immersion

Market Cap: €229.7m

Engages in the business of intellectual property (IP) that engages users’ sense of touch when operating digital devices in North America, Europe, and Asia.

Phoenix Group Holdings

Market Cap: €6.7b

Operates in the long-term savings and retirement business in Europe.

Eledon Pharmaceuticals

Market Cap: €162.3m

Operates as a clinical stage biotechnology company.

Star Bulk Carriers

Market Cap: €2.2b

A shipping company, engages in the ocean transportation of dry bulk cargoes through the ownership and operation of dry bulk carrier vessels worldwide.

Spok Holdings

Market Cap: €359.1m

Through its subsidiary, Spok, Inc., provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East.

Super Micro Computer

Market Cap: €24.0b

Develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally.

AIA Group

Market Cap: €751.3b

Provides life insurance based financial services in Hong Kong.

Seadrill

Market Cap: €2.0b

Provides offshore drilling services to the oil and gas industry worldwide.

HCI Group

Market Cap: €2.2b

Engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in the United States.

Jinxin Fertility Group

Market Cap: €7.6b

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

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas

Market Cap: €2.1b

Engages in the acquisition, development, exploration, and sale of agricultural activities in Brazil, Paraguay, and Bolivia.

HF Sinclair

Market Cap: €9.6b

Operates as an independent energy company in the United States.

Atara Biotherapeutics

Market Cap: €90.7m

Engages in the development of transformative therapies for patients with cancer and autoimmune disease in the United States and the United Kingdom.

Tribe Property Technologies

Market Cap: €18.0m

Provides technology-enabled property management services.

Grupo Média Capital SGPS

Market Cap: €136.9m

Engages in the production and broadcasting of television and radio programs, and production and operation of cinematographic and video graphic activities in Portugal and internationally.

Westwing Group

Market Cap: €229.8m

Engages in the home and living e-commerce retail.

Omega Healthcare Investors

Market Cap: €13.2b

A Real Estate Investment Trust (“REIT”) providing financing and capital to the long-term healthcare industry in the United States and the United Kingdom with a focus on skilled nursing and assisted living facilities, including care homes in the United Kingdom.

APG|SGA

Market Cap: €659.3m

Provides advertising services primarily in Switzerland and Serbia.

SMA Solar Technology

Market Cap: €657.2m

Develops, produces, and sells PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.

B2Gold

Market Cap: €7.6b

Operates as a gold producer company in Canada.

Topaz Energy

Market Cap: €3.8b

Operates as a royalty and infrastructure energy company in Canada.

Bonesupport Holding

Market Cap: €21.0b

An orthobiologics company, develops and sells injectable bio-ceramic bone graft substitutes in Europe, North America, and internationally.

Yonghe Medical Group

Market Cap: €1.4b

Provides hair-related healthcare services in China.

First BanCorp

Market Cap: €3.5b

Operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers.

Van de Velde

Market Cap: €385.6m

Designs, produces, and sells women’s lingerie and swimwear in Europe and North America.