German Potentially Undervalued Companies

Freeport-McMoRan

Market Cap: €48.2b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

Prosperity Bancshares

Market Cap: €6.3b

Operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers.

FIH group

Market Cap: €26.2m

Through its subsidiaries, provides retailing, property, automotive, insurance, tourism shipping, and fishing agency services in the Falkland Islands and the United Kingdom.

Lesaka Technologies

Market Cap: €361.3m

Operates as a Fintech company, provides financial services solutions and software in Southern Africa.

Origin Energy

Market Cap: €16.9b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Nine Dragons Paper (Holdings)

Market Cap: €15.4b

Manufactures and sells packaging paper, printing and writing paper, and specialty paper products and pulp in the People’s Republic of China.

Arrow Financial

Market Cap: €410.1m

A bank holding company, provides various commercial and consumer banking, and financial products and services in the Unites States.

MARA Holdings

Market Cap: €3.9b

Operates as a digital asset technology company in the United States.

Gesco

Market Cap: €161.3m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, and internationally.

FVCBankcorp

Market Cap: €183.1m

Operates as the bank holding company for FVCbank that engages in providing various banking products and services for small and medium-sized businesses, professionals, non-profit organizations and associations, and investors in Virginia.

Nexi

Market Cap: €5.3b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international companies, institutions, and public administrations in Italy.

Bioceres Crop Solutions

Market Cap: €265.9m

Provides crop productivity solutions.

China Merchants Securities

Market Cap: €149.9b

Operates wealth-management and institutional, investment banking, investment management, investment, and trading business in the People’s Republic of China.

Sdiptech

Market Cap: €7.0b

Provides technical services for infrastructures in Sweden, the United Kingdom, Germany, Denmark, Italy, the Netherlands, Austria, Norway, Finland, the Unites States, and internationally.

Wereldhave

Market Cap: €714.9m

Wereldhave N.V. (“the Company”) is an investment company that invests in real estate (shopping centers and offices).

Jadestone Energy

Market Cap: €116.3m

Operates as an independent oil and gas development and production company in the Asia Pacific region.

AQ Group

Market Cap: €12.7b

Manufactures and sells components and systems for industrial customers in Sweden, rest of European countries, and internationally.

Rexel

Market Cap: €6.5b

Engages in the distribution of low and ultra-low voltage electrical products for the residential, commercial, and industrial markets in France, rest of Europe, North America, and the Asia-Pacific.

Toyota Tsusho

Market Cap: €2.4t

Engages in the metals, parts and logistics, mobility, machinery, energy and project, chemicals and electronics, and food and consumer services businesses worldwide.

GEA Group

Market Cap: €8.5b

Produces and supplies systems and components to the food, beverage, and pharmaceutical industries worldwide.

AEON Mall

Market Cap: €532.0b

Develops, operates, and manages shopping malls in Japan, China, Vietnam, Cambodia, Indonesia, and internationally.

DRDGOLD

Market Cap: €1.3b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

5N Plus

Market Cap: €478.2m

Produces and sells specialty metals and chemicals in North America, Europe, and Asia.

Dürr

Market Cap: €1.3b

Operates as a mechanical and plant engineering company worldwide.

ISDN Holdings

Market Cap: €150.3m

Provides motion control, industrial computing, and other specialized engineering solutions in Singapore, China, Hong Kong, Malaysia, Indonesia, Vietnam, and internationally.

CBo Territoria

Market Cap: €128.8m

Operates as a real estate company in France.

Telstra Group

Market Cap: €49.9b

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

Union Pacific

Market Cap: €135.3b

Through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States.

AutoCanada

Market Cap: €353.6m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Tuya

Market Cap: €1.7b

Offers purpose-built Internet of Things (IoT) cloud development platform in the People’s Republic of China and internationally.

Kroger

Market Cap: €46.8b

Operates as a food and drug retailer in the United States.

Coursera

Market Cap: €1.0b

Provides online educational services in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally.

Gorman-Rupp

Market Cap: €889.1m

Designs, manufactures, and sells pumps and pump systems in the United States and internationally.

ASML Holding

Market Cap: €221.9b

Provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.

Horizon Construction Development

Market Cap: €3.7b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

International Distribution Services

Market Cap: €3.5b

Operates as a universal postal service provider in the United Kingdom and internationally.