German Potentially Undervalued Companies

MINISO Group Holding

Market Cap: €6.0b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Regional Management

Market Cap: €365.7m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

McBride

Market Cap: €217.1m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

H.I.S

Market Cap: €92.5b

Provides travel agency services internationally.

Aspen Pharmacare Holdings

Market Cap: €41.7b

Manufactures and markets specialty and branded pharmaceutical products in Africa, the Middle East, the Americas, Europe CIS, Australasia, and Asia.

DOF Group

Market Cap: €22.9b

Owns and operates a fleet of offshore and subsea vessels.

Transcontinental

Market Cap: €1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Skymark Airlines

Market Cap: €22.6b

Provides scheduled air transportation services.

Open Text

Market Cap: €8.4b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Indofood Sukses Makmur

Market Cap: €63.2t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

GEO Group

Market Cap: €2.2b

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom.

Sanofi

Market Cap: €104.8b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Vallourec

Market Cap: €3.7b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Akzo Nobel

Market Cap: €9.5b

Produces and sells paints and coatings worldwide.

OFG Bancorp

Market Cap: €1.8b

A financial holding company, provides a range of banking and financial services in the United States.

Science Applications International

Market Cap: €4.0b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

Carnival Corporation &

Market Cap: €33.8b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Lithia Motors

Market Cap: €7.8b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

Alaris Equity Partners Income Trust

Market Cap: €904.5m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Intrum

Market Cap: €5.1b

Provides payment solutions, and credit and collection services in Europe and internationally.

Uber Technologies

Market Cap: €182.0b

Develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Bunzl

Market Cap: €7.0b

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

Hafnia

Market Cap: €29.3b

Owns and operates oil product tankers in Bermuda.

Elior Group

Market Cap: €656.4m

Offers contract catering and support services in France and internationally.

IONOS Group

Market Cap: €3.6b

Through its subsidiaries, provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

China Lilang

Market Cap: €4.1b

Manufactures and sells branded menswear and related accessories in the People’s Republic of China.

lastminute.com

Market Cap: €128.5m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Independence Realty Trust

Market Cap: €4.2b

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.

Alior Bank

Market Cap: €13.3b

Provides various banking products and services for individuals, businesses, and enterprises in Poland.

IONOS Group

Market Cap: €3.6b

Through its subsidiaries, provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

TAKKT

Market Cap: €242.0m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Morimatsu International Holdings

Market Cap: €10.4b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Foresight Group Holdings

Market Cap: €467.0m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Zoetis

Market Cap: €56.1b

Engages in the discovery, development, manufacture, and commercialization of animal health medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health products in the United States and internationally.

Merck KGaA

Market Cap: €50.8b

Operates as a science and technology company in Germany and internationally.

Cardlytics

Market Cap: €64.3m

Operates an advertising platform in the United States and the United Kingdom.