German Potentially Undervalued Companies

Telekom Austria

Market Cap: €6.3b

Provides fixed-line and mobile communications solutions to individuals, commercial and non-commercial organizations, and other national and foreign carriers in Austria, Belarus, Bulgaria, Croatia, North Macedonia, Serbia, and Slovenia.

ProCredit Holding

Market Cap: €552.5m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Singulus Technologies

Market Cap: €13.7m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

Air France-KLM

Market Cap: €3.5b

Provides passenger and cargo transportation services worldwide.

Delivery Hero

Market Cap: €7.8b

Offers online food ordering and delivery services.

Telefónica

Market Cap: €25.8b

Provides telecommunications services in Europe and Latin America.

BQE Water

Market Cap: €68.0m

A water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally.

ODP

Market Cap: €620.6m

Provides business products, services and supplies, and digital workplace technology solutions to small, medium, and enterprise-level businesses in the United States, Puerto Rico, the U.S.

KMD Brands

Market Cap: €181.5m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil.

Artifex Mundi

Market Cap: €181.9m

Develops and publishes computer games worldwide.

GE HealthCare Technologies

Market Cap: €35.9b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Fresh Del Monte Produce

Market Cap: €1.7b

Through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally.

Mediaset España Comunicación

Market Cap: €905.1m

Mediaset España Comunicación, S.A., together with its subsidiaries, engages in the television broadcasting business in Spain.

Alumetal

Market Cap: €1.3b

Alumetal S.A., together with its subsidiaries, manufactures and sells secondary aluminium casting alloys for the automotive industry in Poland, Germany, and other European countries.

MeglioQuesto

Market Cap: €13.8m

Meglioquesto S.P.A. operates a digital platform that supports consumers for the choice, management, and assistance of products and services.

China Unicom (Hong Kong)

Market Cap: €217.2b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Bangchak Sriracha

Market Cap: €24.1b

Bangchak Sriracha Public Company Limited refines and markets petroleum products in Thailand.

Halyk Bank of Kazakhstan

Market Cap: €7.2b

Provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan.

Bank of Communications

Market Cap: €658.1b

Provides commercial banking products and services in China and internationally.

Galp Energia SGPS

Market Cap: €11.1b

Operates as an integrated energy operator in Portugal and internationally.

Sasol

Market Cap: €78.8b

Operates as a chemical and energy company in South Africa and internationally.

NewtekOne

Market Cap: €306.9m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

ABL Group

Market Cap: €1.2b

An investment holding company, provides energy, and marine and engineering consultancy services to renewables, maritime, and oil and gas industries worldwide.

WINFARM Société anonyme

Market Cap: €7.7m

Engages in the provision of design and manufacture, distribution, experimentation, and advisory services to breeders and the agricultural worldwide.

Cegedim

Market Cap: €140.6m

Operates as a technology and services company in the field of digital data flow management for healthcare ecosystem and B2B in France, rest of Europe, and internationally.

Independence Realty Trust

Market Cap: €4.3b

Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities, across non-gateway U.S.

Orbia Advance Corporation. de

Market Cap: €30.1b

Orbia Advance Corporation, S.A.B. de C.V.

Firan Technology Group

Market Cap: €314.7m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

Booz Allen Hamilton Holding

Market Cap: €12.7b

A technology company, provides technology solutions using artificial intelligence, cyber, and other technologies for government’s cabinet-level departments and commercial customers in the United States and internationally.

Coca-Cola FEMSA. de

Market Cap: €17.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Humana

Market Cap: €2.0b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Lightspeed Commerce

Market Cap: €2.3b

Engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses in the United States, Canada, the United Kingdom, Australia, and internationally.

Sinotrans

Market Cap: €43.4b

Provides integrated logistics services primarily in the People’s Republic of China.

Unipol Assicurazioni

Market Cap: €12.5b

Provides insurance products and services primarily in Italy.

Thai Life Insurance

Market Cap: €113.9b

Provides life insurance products and services in Thailand.

Anywhere Real Estate

Market Cap: €685.6m

Through its subsidiaries, provides residential real estate services in the United States and internationally.