German Potentially Undervalued Companies

Novem Group

Market Cap: €182.9m

Develops and supplies trim elements and decorative function elements in car interiors for automotive industry in Luxembourg and internationally.

West Red Lake Gold Mines

Market Cap: €209.5m

Engages in the acquisition, exploration and evaluation, and development of gold properties in Canada.

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.

5N Plus

Market Cap: €478.2m

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

Gorman-Rupp

Market Cap: €889.1m

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

LPKF Laser & Electronics

Market Cap: €193.2m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

BioMarin Pharmaceutical

Market Cap: €12.9b

A biotechnology company, engages in the development and commercialization of therapies for life-threatening rare diseases and medical conditions in the United States, Europe, Latin America, the Middle East, the Asia Pacific, and internationally.

Aurelia Metals

Market Cap: €372.1m

Engages in the exploration and production of mineral properties in Australia.

Trainers' House Oyj

Market Cap: €4.4m

Trainers’ House Oyj, a change management company, provides coaching and other services in Finland and rest of Europe.

Enzon Pharmaceuticals

Market Cap: €7.4m

Does not have significant operations.

Univest Financial

Market Cap: €766.8m

Operates as the bank holding company for Univest Bank and Trust Co.

Bangchak Corporation

Market Cap: €51.3b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Jinxin Fertility Group

Market Cap: €8.9b

An investment holding company, provides assisted reproductive services (ARS) in China and the United States.

ZimVie

Market Cap: €271.8m

Develops, manufactures, and markets a portfolio of products and solutions designed to support dental tooth replacement and restoration procedures worldwide.

Procore Technologies

Market Cap: €9.3b

Provides a cloud-based construction management platform and related products and services in the United States and internationally.

Shin Nippon Biomedical Laboratories

Market Cap: €54.3b

A contract research organization, engages in the transactional research and medipolis businesses in Japan and internationally.

China Chengtong Development Group

Market Cap: €536.8m

An investment holding company, engages in the bulk commodity trading, property development and investment, leasing, marine recreation, and hotel businesses in the People’s Republic of China.

Immersion

Market Cap: €230.7m

Engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia.

Coloplast

Market Cap: €156.1b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

High Tide

Market Cap: €209.6m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Clover Health Investments

Market Cap: €1.8b

Provides medicare advantage plans in the United States.

Foot Locker

Market Cap: €1.2b

Through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: €610.1t

Provides various banking products and services in Indonesia and internationally.

W. P. Carey

Market Cap: €12.9b

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,430 net lease properties covering approximately 172 million square feet and a portfolio of 78 self-storage operating properties as of September 30, 2024.

Stockland

Market Cap: €12.0b

We are a leading creator and curator of connected communities with people at the heart of the places we create.

TaskUs

Market Cap: €1.2b

Provides outsourced digital services for companies in Philippines, the United States, India, and internationally.

WuXi Biologics (Cayman)

Market Cap: €101.8b

An investment holding company, provides end-to-end solutions and services for biologics discovery, development, and manufacturing for biologics industry in the People’s Republic of China, North America, Europe, Singapore, Japan, South Korea, and Australia.

CTS Eventim KGaA

Market Cap: €8.6b

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.

SoundThinking

Market Cap: €197.1m

A public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership.

Beximco Pharmaceuticals

Market Cap: €44.2b

Manufactures and markets generic pharmaceutical formulations and active pharmaceutical ingredients in Bangladesh.

Affimed

Market Cap: €9.3m

A clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States and Germany.

argenx

Market Cap: €31.7b

A commercial-stage biopharma company, develops various therapies for the treatment of autoimmune diseases in the United States, Japan, China, the Netherlands, and internationally.

Mizuho Financial Group

Market Cap: €8.1t

Engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

SynBiotic

Market Cap: €19.5m

Engages in the research and development, production, and marketing of cannabinoid and terpene-based solutions to for pain, sleep deprivation, and anxiety.