German Potentially Undervalued Companies

Agora

Market Cap: €318.2m

Operates in real-time engagement technology business in the People’s Republic of China, the United States, and internationally.

United Community Banks

Market Cap: €2.9b

Operates as the bank holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors in the United States.

Corcept Therapeutics

Market Cap: €7.9b

Engages in discovery and development of medication for the treatment of severe endocrinologic, oncologic, metabolic, and neurologic disorders in the United States.

Canadian Pacific Kansas City

Market Cap: €93.2b

Owns and operates a transcontinental freight railway in Canada, the United States, and Mexico.

Johnson Service Group

Market Cap: €521.3m

Provides textile rental and related services in the United Kingdom and Ireland.

Azul

Market Cap: €1.1b

Provides air transportation services in Brazil and internationally.

Floor & Decor Holdings

Market Cap: €7.7b

Operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in the United States.

Spotify Technology

Market Cap: €103.0b

Provides audio streaming subscription services worldwide.

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.

Aussie Broadband

Market Cap: €1.1b

Provides telecommunications and technology services in Australia.

Clemondo Group

Market Cap: €114.9m

Develops, manufactures, and sells a range of hygiene and cleaning products for automotive, health care, and industrial sectors in Sweden.

Dayforce

Market Cap: €8.1b

Operates as a human capital management (HCM) software company in the United States, Canada, Australia, and internationally.

Brixmor Property Group

Market Cap: €7.3b

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

eVISO

Market Cap: €218.5m

Develops a platform of artificial intelligence in the commodities market primarily in Italy.

InterContinental Hotels Group

Market Cap: €11.9b

Owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China.

NORMA Group

Market Cap: €320.5m

Manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Dassault Aviation société anonyme

Market Cap: €21.9b

Designs and manufactures military aircraft, business jets, and space systems in France, the Americas, and internationally.

Corticeira Amorim S.G.P.S

Market Cap: €1.0b

Manufactures and sells cork and cork related products in Europe, the United States, Portugal, Australasia, and Africa.

Bunge Global

Market Cap: €9.8b

Operates as an agribusiness and food company worldwide.

Main Street Capital

Market Cap: €4.6b

A business development company specializes in equity capital to lower middle market companies.

Northwest Natural Holding

Market Cap: €1.7b

Through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States.

Parkland

Market Cap: €5.5b

Operates food and convenience stores in Canada, the United States, and internationally.

AppLovin

Market Cap: €74.6b

Engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally.

NAGA Group

Market Cap: €111.9m

Develops and offers fintech products and services.

Vertiv Holdings Co

Market Cap: €22.6b

Designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Alfa. de

Market Cap: €88.3b

Engages in the petrochemical and synthetic fiber and refrigerated food businesses in Mexico.

cyan

Market Cap: €59.8m

Through its subsidiaries, provides cybersecurity solutions and telecommunication services in Europe, the Middle East, Africa, and the Asia-Pacific.

Duke Capital

Market Cap: €131.6m

A private equity firm specializing in Management Buyouts, buy-and-build strategies, mid-market, minority buyouts, restructuring investments & royalty financing in small and medium size businesses.

Ajinomoto

Market Cap: €2.9t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Invitation Homes

Market Cap: €19.9b

Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools.

Amcor

Market Cap: €13.3b

Develops, produces, and sells packaging products in Europe, North America, Latin America, and the Asia Pacific.

Ningbo ShanshanLtd

Market Cap: €33.9b

Provides lithium battery materials in China and internationally.

Keda Industrial Group

Market Cap: €20.6b

Manufactures and sells building material machinery in China and internationally.

Corem Property Group

Market Cap: €10.9b

A real estate company, owns, manages, develops, and leases office, warehouse, logistics, and retail properties in Sweden, Denmark, and the United States.

Nitto Denko

Market Cap: €1.8t

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

Transaction Capital

Market Cap: €4.9b

Through its subsidiary, Nutun Holdings Proprietary Limited, provides business process outsourcing solutions (BPO) in South Africa, Australia, the United Kingdom, and the United States.