German Potentially Undervalued Companies

Jupiter Fund Management

Market Cap: €616.4m

A publicly owned investment manager.

H. Lundbeck

Market Cap: €39.9b

Engages in the research, development, manufacturing, and commercializing pharmaceuticals for the treatment of psychiatric and neurological disorders in Europe, United States, and internationally.

Zumtobel Group

Market Cap: €180.6m

Operates in the lighting industry worldwide.

Solvay

Market Cap: €2.8b

Provides basic and performance chemicals worldwide.

Babcock & Wilcox Enterprises

Market Cap: €203.2m

Provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers in the United States, Canada, the United Kingdom, Indonesia, and Philippines.

Hamilton Insurance Group

Market Cap: €2.4b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

Garrett Motion

Market Cap: €2.7b

Designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors in the United States, Europe, Asia, and internationally.

BNP Paribas

Market Cap: €87.4b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Hengan International Group

Market Cap: €29.1b

An investment holding company, manufactures, distributes, and sells personal hygiene products in the People’s Republic of China and internationally.

Beijing Enterprises Holdings

Market Cap: €42.8b

Through its subsidiaries, engages in the gas, water, environmental, brewery, and other businesses in Mainland China, Germany, and internationally.

B&G Foods

Market Cap: €365.6m

Manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico.

Cadeler

Market Cap: €18.8b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Entain

Market Cap: €5.6b

Operates as a sports-betting and gaming company in the United Kingdom, Ireland, Italy, rest of Europe, Australia, New Zealand, and internationally.

DWS Group GmbH KGaA

Market Cap: €10.4b

Offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Saturn Oil & Gas

Market Cap: €497.6m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Airbus

Market Cap: €149.2b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

IAC

Market Cap: €2.9b

Operates as a media and internet company worldwide.

Sinopharm Group

Market Cap: €58.6b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Cirsa Enterprises

Market Cap: €2.7b

A gaming company, together with its subsidiaries, engages in the operation of slot machines, casinos, and gaming halls in Spain, Italy, Panama, Colombia, Mexico, Costa Rica, Morocco, Dominican Republic, and Peru.

Kyndryl Holdings

Market Cap: €7.7b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Eastman Chemical

Market Cap: €7.8b

Operates as a specialty materials company in the United States, China, and internationally.

Sanderson Design Group

Market Cap: €34.3m

Engages in the design, manufacture, marketing, and distribution of interior furnishings, fabrics, and wallpapers worldwide.

Old Mutual

Market Cap: €59.1b

Provides financial services primarily in South Africa and rest of Africa.

Indorama Ventures

Market Cap: €135.3b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Ambev

Market Cap: €192.3b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Postal Savings Bank of China

Market Cap: €801.7b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Liberty Global

Market Cap: €4.0b

Provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers.

CEMEX. de

Market Cap: €253.9b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

IDT

Market Cap: €1.7b

Provides communications and payment services in the United States, the United Kingdom, and internationally.

Integrated Diagnostics Holdings

Market Cap: €308.1m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

China Development Bank Financial Leasing

Market Cap: €22.3b

China Development Bank Financial Leasing Co., Ltd.

Orsero

Market Cap: €286.4m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

Bertrandt

Market Cap: €189.8m

Provides engineering services.

SG

Market Cap: €8.8m

Provides live and digital communication services for business to business, business to consumer, and below the line markets.

Inter Cars

Market Cap: €7.9b

Engages in the import and distribution of spare parts for passenger cars and commercial vehicles in Poland, Romania, and internationally.

Anywhere Real Estate

Market Cap: €685.6m

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