German Potentially Undervalued Companies

Calliditas Therapeutics

Market Cap: €11.2b

A commercial-stage bio-pharmaceutical company, focused on identifying, developing, and commercializing novel treatments in orphan indications with an initial focus on renal and hepatic diseases with significant unmet medical needs in the United States, Europe, and Asia.

Pzena Investment Management

Market Cap: €711.0m

Pzena Investment Management, Inc. is a employee owned investment manager.

Technip Energies

Market Cap: €4.0b

Operates as an engineering and technology company for the energy transition in Europe, Central Asia, the Asia Pacific, Africa, the Middle East, and the Americas.

SalMar

Market Cap: €78.4b

An aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally.

CAB Payments Holdings

Market Cap: €140.8m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally.

Enzon Pharmaceuticals

Market Cap: €6.7m

Does not have significant operations.

SBI Rheos Hifumi

Market Cap: €14.6b

A privately owned investment manager.

SilverCrest Metals

Market Cap: €2.5b

Engages in the acquiring, exploration, and development of precious metal properties in Mexico.

Cowen

Market Cap: €1.1b

Cowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally.

Spruce Power Holding

Market Cap: €50.4m

Owns and operates distributed solar energy assets in the United States.

AVEO Pharmaceuticals

Market Cap: €521.4m

AVEO Pharmaceuticals, Inc., an oncology-focused biopharmaceutical company, focuses on developing and commercializing medicines for patients with cancer.

Sharps Compliance

Market Cap: €170.6m

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States.

Heineken Holding

Market Cap: €20.7b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Capelli

Market Cap: €12.6m

Operates as a real estate development company in France, Switzerland, Luxembourg, and internationally.

Telstra Group

Market Cap: €44.2b

Engages in the provision of telecommunications and information services to businesses, government, and individuals in Australia and internationally.

Change Healthcare

Market Cap: €9.0b

Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system.

Salcef Group

Market Cap: €1.6b

Designs, constructs, and maintains railway infrastructure and civil works worldwide.

Evoke Pharma

Market Cap: €5.8m

A specialty pharmaceutical company, primarily focuses on the development and commercialization of drugs for the treatment of gastroenterological disorders and diseases.

Sylvamo

Market Cap: €2.7b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

GL Events

Market Cap: €593.0m

Provides venues and offices for events.

Borregaard

Market Cap: €16.7b

Engages in the development, production, and marketing of specialized biomaterials and biochemicals in Norway, rest of Europe, the United States, Asia, and internationally.

Nichols

Market Cap: €456.6m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Hirata

Market Cap: €39.1b

Manufactures and sells various manufacturing line systems, industrial robots, and logistic equipment in Japan and internationally.

BioHarvest Sciences

Market Cap: €99.5m

Operates as a biotechnology company.

EastGroup Properties

Market Cap: €8.6b

EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina.

JCDecaux

Market Cap: €3.0b

Operates as an outdoor advertising company worldwide.

Phreesia

Market Cap: €1.5b

Engages in the provision of an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada.

BayWa

Market Cap: €286.0m

Provides wholesale, retail, logistics, and support and consultancy services in Germany and internationally.

PDS Biotechnology

Market Cap: €47.7m

A clinical-stage biopharmaceutical company, developing a pipeline of targeted cancer immunotherapies in the United States.

ADTRAN Holdings

Market Cap: €622.1m

Provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally.

Roivant Sciences

Market Cap: €7.1b

A commercial-stage biopharmaceutical company, engages in the development and commercialization of medicines for inflammation and immunology areas.

Mesa Laboratories

Market Cap: €588.9m

Develops, designs, manufactures, sells, and services life sciences tools and quality control products and services in North America, Europe, the Asia Pacific, and internationally.

UnitedHealth Group

Market Cap: €494.3b

Operates as a health care company in the United States and internationally.

OMV Petrom

Market Cap: €44.9b

An energy company, engages in the exploration and production of oil and gas in Southeastern Europe.

Gek Terna

Market Cap: €1.8b

Engages in the construction, energy, industry, real estate, and concession businesses in Greece, the Balkans, the Middle East, Eastern Europe, the United States, and internationally.

AstroNova

Market Cap: €68.1m

Designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally.