German Potentially Undervalued Companies

Hulic

Market Cap: €1.0t

Engages in the holding, leasing, brokerage, and sale of real estate properties in Japan.

Guotai Haitong Securities

Market Cap: €127.9b

Provides various financial services for individuals and institutional clients in Mainland China, Hong Kong, and internationally.

Frasers Logistics & Commercial Trust

Market Cap: €3.2b

Frasers Logistics & Commercial Trust ("FLCT") is a Singapore-listed real estate investment trust with a portfolio comprising 107 industrial and commercial properties, worth approximately S$6.4 billion, diversified across five major developed markets - Australia, Germany, Singapore, the United Kingdom and the Netherlands.

BCE

Market Cap: €29.8b

A communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.

Monadelphous Group

Market Cap: €1.4b

An engineering group, engages in the provision of construction, maintenance, and industrial services to resources, energy, and infrastructure sectors in Australia, China, Mongolia, Papua New Guinea, China, the Philippines, and internationally.

First Advantage

Market Cap: €2.4b

Provides employment background screening, identity, and verification solutions worldwide.

Varex Imaging

Market Cap: €341.4m

Designs, manufactures, and sells X-ray imaging components.

Séché Environnement

Market Cap: €555.1m

Engages in the management, recovery, and treatment of waste products for industrial and corporate customers, and local authorities in France and internationally.

Standard Bank Group

Market Cap: €359.2b

Provides financial products and services in South Africa and internationally.

Civista Bancshares

Market Cap: €286.5m

Operates as the financial holding company for Civista Bank that provides community banking services in the United States.

Kellanova

Market Cap: €28.4b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Alto Ingredients

Market Cap: €69.2m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

Microchip Technology

Market Cap: €19.5b

Engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Budimex

Market Cap: €13.6b

Operates as an infrastructure and services company in Poland, Germany, and internationally.

Vita Coco Company

Market Cap: €1.6b

Develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific.

CLP Holdings

Market Cap: €161.2b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia.

Capital Bancorp

Market Cap: €434.9m

Operates as the bank holding company for Capital Bank, N.A.

Aura Energy

Market Cap: €105.0m

Engages in the exploration and evaluation of mineral properties in Mauritania and Sweden.

ADX Energy

Market Cap: €13.8m

Engages in the exploration, appraisal, and production of oil and gas properties.

Telesat

Market Cap: €841.2m

A satellite operator, engages in the provision of mission-critical communications solutions to support the requirements of satellite users worldwide.

Central Petroleum

Market Cap: €48.4m

Engages in the development, production, processing, and marketing of hydrocarbons in Australia.

Inogen

Market Cap: €186.8m

A medical technology company, develops, manufactures, and markets respiratory health products in the United States and internationally.

SATS

Market Cap: €3.9b

An investment holding company, provides gateway services and food solutions in Singapore, Asia Pacific, the United States, Europe, Middle East, Africa, and internationally.

First Financial Bankshares

Market Cap: €4.6b

Through its subsidiaries, provides banking services in the United States.

Calian Group

Market Cap: €495.5m

Provides business products and solutions in Canada and internationally.

QuickLogic

Market Cap: €73.0m

Operates as a fabless semiconductor company.

Medios

Market Cap: €271.9m

Supplies specialty pharmaceutical drugs primarily in Germany.

Mastercard

Market Cap: €447.6b

A technology company, provides transaction processing and other payment-related products and services in the United States and internationally.

UPM-Kymmene Oyj

Market Cap: €12.1b

Engages in the forest-based bioindustry in Europe, North America, Asia, and internationally.

JELD-WEN Holding

Market Cap: €492.6m

Designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe.

EnviTec Biogas

Market Cap: €488.6m

Manufactures and operates biogas and biomethane plants in Germany, Italy, Great Britain, the Czechia Republic, France, Denmark, the United States, China, Greece, Estonia, and internationally.

Kanzhun

Market Cap: €6.8b

Provides online recruitment services in the People’s Republic of China.

nCino

Market Cap: €2.5b

A software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally.

Yoma Strategic Holdings

Market Cap: €138.6m

An investment holding company, engages in the real estate, motor, leasing, mobile financial, food and beverages, and investment businesses in Singapore, Myanmar, and the People’s Republic of China.

Vodafone Group

Market Cap: €16.3b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and Africa.

Spotify Technology

Market Cap: €103.0b

Provides audio streaming subscription services worldwide.