German Potentially Undervalued Companies

Cegedim

Market Cap: €139.2m

Operates as a technology and services company in the field of digital data flow management for healthcare ecosystem and B2B in France, rest of Europe, and internationally.

NewtekOne

Market Cap: €306.9m

A Business Development Company which operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

Halyk Bank of Kazakhstan

Market Cap: €7.2b

Provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan.

Boliden

Market Cap: €94.6b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

PT. Indika Energy

Market Cap: €9.8t

Operates as an integrated energy company in Indonesia.

Astra Agro Lestari

Market Cap: €14.0t

Engages in the crude palm oil and related derivatives business in Indonesia.

Freelance.com

Market Cap: €123.2m

Provides intermediation between companies and intellectual service providers in France, Germany, Morocco, Luxembourg, Switzerland, and Singapore.

illumin Holdings

Market Cap: €77.8m

A technology company, provides digital media solutions in the United States, Canada, Europe, Latin America, and internationally.

DXC Technology

Market Cap: €2.6b

Provides information technology services and solutions in the United States, the United Kingdom, the rest of Europe, Australia, and internationally.

Diamondback Energy

Market Cap: €39.5b

An independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Volkswagen

Market Cap: €51.3b

Manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally.

Carlsberg

Market Cap: €107.9b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Guangdong Investment

Market Cap: €48.2b

An investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses.

Delivra Health Brands

Market Cap: €5.9m

Through its subsidiaries, provides lifestyle, health, and wellness products to consumers and patients worldwide.

Dentsu Group

Market Cap: €828.3b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

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.

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.

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.

Jinmao Property Services

Market Cap: €2.8b

An investment holding company, provides property management services in the People’s Republic of China.

Corsair Gaming

Market Cap: €928.9m

Designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific.

Beximco Pharmaceuticals

Market Cap: €55.3b

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

Atos

Market Cap: €884.3m

Provides digital transformation solutions and services in France and internationally.

MFA Financial

Market Cap: €1.0b

Operates as a real estate investment trust in the United States.

Adobe

Market Cap: €148.5b

Operates as a technology company worldwide.

Bangchak Corporation

Market Cap: €43.4b

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

Kaltura

Market Cap: €233.3m

Provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally.

WPP

Market Cap: €4.3b

A creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.

Lisi

Market Cap: €1.9b

Designs and produces assembly and component solutions for the aerospace, automotive, and medical sectors in France and internationally.

PetroTal

Market Cap: €589.4m

Engages in the exploration, appraisal and development of oil and natural gas in Peru, South America.

Südzucker

Market Cap: €2.0b

Produces and sells sugar products in Germany, rest of the European Union, the United Kingdom, the United States, and internationally.

Engie Brasil Energia

Market Cap: €32.8b

Generates, sells, and trades in electrical energy in Brazil.

Tunas Baru Lampung

Market Cap: €4.4t

Primarily manufactures and sells vegetable cooking oils in Indonesia.

Computacenter

Market Cap: €2.4b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, Western Europe, North America, and internationally.

China Nonferrous Mining

Market Cap: €44.4b

An investment holding company, engages in the exploration, mining, ore processing, leaching, smelting, and sale of copper and cobalt in Zambia and the Democratic Republic of Congo.

Nexxen International

Market Cap: €629.1m

Provides end-to-end and video-first platform that engages advertising campaigns for brands, agencies, media groups, and content creators worldwide.