German Potentially Undervalued Companies

Crédit Agricole

Market Cap: €49.3b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Old Mutual

Market Cap: €59.1b

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

Zhihu

Market Cap: €420.1m

Operates an online content community in the People’s Republic of China.

OSE Immunotherapeutics

Market Cap: €140.1m

A clinical-stage biotechnology company, develops immunotherapies in the areas of immune-oncology and immune-inflammation in France and internationally.

SCOR

Market Cap: €4.9b

Provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific.

Vertu Motors

Market Cap: €193.8m

Operates as an automotive retailer in the United Kingdom.

NewRiver REIT

Market Cap: €300.3m

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK.

Gerdau

Market Cap: €32.7b

Operates as a steel producer company.

Fluence

Market Cap: €65.1m

Provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.

Deutsche Telekom

Market Cap: €145.5b

Provides integrated telecommunication services worldwide.

Genmab

Market Cap: €108.9b

A biotechnology company, develops antibody-based products and product candidates for the treatment of cancer and other diseases in Denmark.

Wendy's

Market Cap: €1.9b

Operates as a quick-service restaurant company in the United States and internationally.

ageas

Market Cap: €11.2b

Engages in insurance business.

StoneCo

Market Cap: €4.8b

Provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

High

Market Cap: €70.4m

Provides consumer engagement chain solutions in France, Belgium, and Spain.

Fortuna Mining

Market Cap: €3.3b

Engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal.

Canadian Natural Resources

Market Cap: €89.4b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

China Risun Group

Market Cap: €10.7b

Produces, sells, and distributes coke, coking chemicals, and refined chemicals in the People’s Republic of China.

Bank Mandiri (Persero)

Market Cap: €410.7t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Enerflex

Market Cap: €1.7b

Offers energy infrastructure and energy transition solutions in North America, Latin America, and the Eastern Hemisphere.

Fosun International

Market Cap: €46.4b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Churchill Downs

Market Cap: €6.9b

Operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.

MINEBEA MITSUMI

Market Cap: €1.1t

Manufactures and supplies machined components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

Kesla Oyj

Market Cap: €10.2m

Develops machinery, technology, and services for customers in the forest and other industries in Finland.

Solventum

Market Cap: €12.6b

A healthcare company, develops, manufactures, and commercializes a portfolio of solutions to address critical customer and patient needs in the United States and internationally.

Zoom Communications

Market Cap: €25.6b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

China Construction Bank

Market Cap: €2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Obiz

Market Cap: €21.4m

Provides relationship marketing and customer loyalty solutions in France and internationally.

AtkinsRéalis Group

Market Cap: €15.5b

Provides professional services and project management, and capital investment services in United Kingdom, Canada, the United States, Saudi Arabia, and internationally.

CIFI Holdings (Group)

Market Cap: €2.6b

Engages in the property development and investment business in the People’s Republic of China.

Komatsu

Market Cap: €4.7t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

Terveystalo Oyj

Market Cap: €1.3b

Provides occupational healthcare services in Finland, Sweden, and Estonia.

Wallenius Wilhelmsen

Market Cap: €39.1b

Engages in the logistics and transportation business worldwide.

M1 Kliniken

Market Cap: €254.2m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

Ramsay Health Care

Market Cap: €7.7b

Owns and operates hospitals in Australia, and internationally.

Nippon Sheet Glass Company

Market Cap: €50.7b

Engages in the manufacture and sale of glass and glazing products in Japan, Europe, North America, and South America.