German Potentially Undervalued Companies

Air Canada

Market Cap: €5.8b

Provides domestic, U.S. transborder, and international airline services.

MLP

Market Cap: €764.8m

Provides financial services to private, corporate, and institutional clients in Germany.

TravelSky Technology

Market Cap: €31.8b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

CEWE Stiftung KGaA

Market Cap: €660.0m

Operates as a photo service and online printing provider in Germany and internationally.

TPXimpact Holdings

Market Cap: €15.2m

Provides digital native technology services in the United Kingdom, Switzerland, and internationally.

Qt Group Oyj

Market Cap: €1.2b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Lion Finance Group

Market Cap: €3.1b

Through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets.

Colabor Group

Market Cap: €72.4m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

MPC Münchmeyer Petersen Capital

Market Cap: €172.4m

A publicly owned investment manager.

Sembcorp Industries

Market Cap: €10.8b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Afentra

Market Cap: €111.3m

Operates as an upstream oil and gas company primarily in Africa.

Kontron

Market Cap: €1.5b

Engages in the provision of Internet of Things (IoT) solutions in Austria and internationally.

Dolby Laboratories

Market Cap: €6.9b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions primarily for application in the television, broadcast, and live entertainment industries in the United States and internationally.

COSCO SHIPPING Energy Transportation

Market Cap: €48.3b

An investment holding company, engages in the transportation of oil and liquefied natural gas (LNG) in People’s Republic of China and internationally.

Odfjell

Market Cap: €9.4b

Provides services for the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products in North America, South America, Norway, the Netherlands, rest of Europe, the Middle East, Asia, Africa, and Australasia.

Murapol

Market Cap: €1.6b

Engages in residential real estate development in Poland.

Warpaint London

Market Cap: €256.9m

Produces and sells cosmetics.

Ernst Russ

Market Cap: €236.5m

A publicly owned investment manager.

BW Energy

Market Cap: €8.9b

Engages in the exploration and production of oil and gas properties.

Genomma Lab Internacional. de

Market Cap: €21.9b

Provides pharmaceutical and personal care products primarily in Mexico and internationally.

Sanofi

Market Cap: €103.0b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Odfjell Technology

Market Cap: €2.2b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.

Deutsche Telekom

Market Cap: €151.8b

Provides integrated telecommunication services worldwide.

Kaspi.kz

Market Cap: €17.9b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Eiffage

Market Cap: €9.9b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

PT. Mitra Adiperkasa

Market Cap: €19.9t

Engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally.

Sangoma Technologies

Market Cap: €273.4m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Olvi Oyj

Market Cap: €621.2m

A beverage company, manufactures and sells alcoholic and non-alcoholic beverages in Finland, Estonia, Latvia, Lithuania, Denmark, and Belarus.

NFI Group

Market Cap: €2.2b

Manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific.

Treasury Wine Estates

Market Cap: €6.4b

Operates as a wine company in Australia, the United States, the United Kingdom, and internationally.

Victrex

Market Cap: €621.0m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Nedbank Group

Market Cap: €105.4b

Provides various wholesale and retail banking services in South Africa and internationally.

Klöckner & Co

Market Cap: €587.5m

Distributes steel and metal products in Germany, Switzerland, France, the united states, and internationally.

JD Logistics

Market Cap: €79.0b

An investment holding company, provides integrated supply chain solutions and logistics services in the People’s Republic of China.

Evoke

Market Cap: €255.8m

Operates as a betting and gaming company in the United Kingdom, Italy, Spain, Romania, Denmark, and internationally.

MONY Group

Market Cap: €1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.