German Potentially Undervalued Companies

FRIWO

Market Cap: €61.2m

Develops, manufactures, and sells power supplies units and drive solutions in Germany, Europe, Asia, and internationally.

IPD Group

Market Cap: €359.8m

Distributes electrical infrastructure in Australia.

Delignit

Market Cap: €24.8m

Engages in the development, production, and sale of ecological and hardwood-based materials and system solutions based on natural, renewable, and carbon neutral raw material wood in Germany.

Coastal Financial

Market Cap: €1.2b

Operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington.

Epiroc

Market Cap: €205.3b

Develops and produces equipment for use in surface and underground applications in North America, Europe, South America, Europe, Africa, the Middle East, Asia, and Australia.

Hysan Development

Market Cap: €12.3b

Hysan Development Co., Ltd. is a leading property investment, management and development company.

Legrand

Market Cap: €23.1b

Manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally.

Brambles

Market Cap: €27.3b

Operates as a supply-chain logistics company.

Zevra Therapeutics

Market Cap: €381.0m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

Capri Holdings

Market Cap: €1.7b

Designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, Asia, and the Oceania.

Peloton Interactive

Market Cap: €2.0b

Operates integrated fitness platform in North America and internationally.

Global Fashion Group

Market Cap: €56.1m

Operates e-commerce platforms for fashion and lifestyle markets in Latin America, Southeast Asia, Australia, and New Zealand.

Lion Copper and Gold

Market Cap: €47.3m

A mineral exploration company, engages in the acquisition, exploration, and development of copper projects in the United States.

Empire

Market Cap: €11.2b

Engages in the food retail and related real estate businesses in Canada.

Play2Chill

Market Cap: €9.5m

Operates as an independent game development studio.

CK Infrastructure Holdings

Market Cap: €119.2b

An infrastructure company, develops, invests in, operates, and commercializes infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

AUTO1 Group

Market Cap: €3.6b

A technology company, operates a digital automotive platform for buying and selling used cars online in Germany, France, Italy, and internationally.

Rexel

Market Cap: €6.1b

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.

BASSAC Société anonyme

Market Cap: €915.0m

Operates as a real estate development company primarily in France, Belgium, Germany, and Spain.

SiteMinder

Market Cap: €1.0b

Develops, markets, and sells online guest acquisition platform and commerce solutions for accommodation providers in Australia and internationally.

Union Pacific

Market Cap: €128.9b

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

CTS Eventim KGaA

Market Cap: €8.5b

Operates in the leisure events market in Germany, Italy, the United States, Switzerland, Austria, the United Kingdom, Sweden, Finland, Spain, Brazil, Denmark, the Netherlands, and internationally.

Celestica

Market Cap: €10.9b

Provides supply chain solutions in North America, Europe, and Asia.

Kureha

Market Cap: €123.2b

Manufactures and sells functional materials, specialty chemicals, and plastics in Japan and internationally.

Inmobiliaria Colonial SOCIMI

Market Cap: €3.2b

Grupo Colonial is a listed SOCIMI on the Spanish stock exchange and a leader in the prime office market in Europe, present in the main business areas of Barcelona, Madrid and Paris with a prime office portfolio of almost 1.5 million m2 and a value of assets under management of more than €11,000m.

First Quantum Minerals

Market Cap: €13.2b

Engages in the exploration, development, and production of mineral properties.

Hong Kong Technology Venture

Market Cap: €1.2b

Engages in the ecommerce and technology businesses in Hong Kong.

Telstra Group

Market Cap: €49.6b

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

i3 Verticals

Market Cap: €785.5m

i3 Verticals, Inc. builds, acquires, and grows software solutions in the public sector and healthcare vertical markets in the United States and Canada.

SOHO China

Market Cap: €2.8b

Engages in the real estate development, and property leasing and management activities in the People’s Republic of China.

MillerKnoll

Market Cap: €1.2b

Researches, designs, manufactures, and distributes interior furnishings worldwide.

Cleveland-Cliffs

Market Cap: €3.4b

Operates as a flat-rolled steel producer in the United States, Canada, and internationally.

Tonkens Agrar

Market Cap: €11.9m

Operates as an agricultural company in Germany.

G Mining Ventures

Market Cap: €3.7b

A mining company, engages in the acquisition, exploration, and development of precious metal projects.

China Vanke

Market Cap: €74.4b

Engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally.

Hub Group

Market Cap: €2.1b

A supply chain solutions provider, offers transportation and logistics management services in North America.