Greek Potentially Undervalued Companies

Eurobank Ergasias Services and Holdings

Market Cap: €8.1b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Piraeus Financial Holdings

Market Cap: €5.6b

Provides banking products and services in Greece and internationally.

Fourlis Holdings

Market Cap: €203.0m

Engages in the retail trading activities in Greece, Romania, Bulgaria, Cyprus, and Turkey.

Cenergy Holdings

Market Cap: €1.7b

Manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium and internationally.

Admie Holding

Market Cap: €636.2m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Bank of Cyprus Holdings

Market Cap: €2.3b

Through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally.

Ideal Holdings

Market Cap: €278.7m

Provides trust and cybersecurity solutions and services in Greece and internationally.

National Bank of Greece

Market Cap: €7.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme

Market Cap: €76.1m

Operates in the automobile, wholesale, and retail markets for motorized two-wheelers and marine products in Greece and internationally.

Titan Cement International

Market Cap: €2.8b

Engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Egypt, Türkiye, the United States, and Brazil.

Elvalhalcor Hellenic Copper and Aluminium Industry

Market Cap: €697.9m

Elvalhalcor Hellenic Copper and Aluminium Industry S.A.

Metlen Energy & Metals

Market Cap: €5.4b

Operates in energy, metals, and infrastructure and concessions sectors in Greece, the European Union, and internationally.

Austriacard Holdings

Market Cap: €208.3m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Alpha Services and Holdings

Market Cap: €4.6b

Provides various banking and financial products and services in Greece and internationally.

Avax

Market Cap: €282.1m

Operates as a construction company in Greece and internationally.

Hellenic Telecommunications Organization

Market Cap: €6.2b

Engages in the provision of telecommunications and related services to residential and businesses in Greece and Romania.

Dimand

Market Cap: €152.7m

Engages in the investment, development, and sale of real estate properties in Greece.

Bank of Greece

Market Cap: €282.1m

Provides various financial products and services in Greece.

Vidavo

Market Cap: €4.2m

Designs, develops, and provides connected health, wellness, and healthy ageing solutions.

Selected Textiles

Market Cap: €6.8m

Engages in the production, dyeing, and treatment of yarns in Greece.

Thrace Plastics Holding

Market Cap: €164.4m

Produces and distributes polypropylene products in Greece and internationally.

Aegean Airlines

Market Cap: €1.0b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Flexopack Société Anonyme Commercial and Industrial Plastics

Market Cap: €89.5m

Manufactures and sells flexible plastic packaging materials for the food industry in Greece, other European countries, and internationally.

Phoenix Vega Mezz

Market Cap: €82.8m

Phoenix Vega Mezz Plc holds and manages mezzanine and junior notes of Phoenix and Vega portfolios.

Euroconsultants

Market Cap: €15.6m

Provides consulting services in Greece, Bulgaria, Kazakhstan, Cyprus, Czech Republic, Romania, Albania, and Croatia.

Space Hellas

Market Cap: €36.5m

A system integrator and value-added solutions provider, designs, supplies, implements, and supports information and communication technologies (ICT) and security solutions in Greece, Cyprus, Serbia, Malta, Jordan, Germany, and the Netherlands.

Papoutsanis

Market Cap: €67.5m

Engages in the production and sale of soaps and liquid cosmetics in Greece.

Ilyda

Market Cap: €23.5m

Engages in software development business in Greece.

Petros Petropoulos AEBE

Market Cap: €53.8m

Engages in the manufacture, modification, distribution, and support of various automotive products in Greece and internationally.

Loulis Food Ingredients

Market Cap: €51.5m

Produces and supplies raw materials for nutrition in Greece, Cyprus, and Bulgaria.

Sato office and Houseware supplies

Market Cap: €1.8m

Provides office and home furniture products in Greece.

Trade Estates REIC

Market Cap: €193.4m

Engages in the rental business of commercial real estate assets in Greece, Cyprus, and Bulgaria.

Pipe Works L. Girakian Profil

Market Cap: €4.0m

Manufactures and sells various types of steel pipes in Greece.

Motor Oil (Hellas) Corinth Refineries

Market Cap: €2.2b

Motor Oil (Hellas) Corinth Refineries S.A.

Jumbo

Market Cap: €3.3b

Engages in the retail sale of toys, baby products, gift articles, household products, stationery, seasonal and decoration items, books, and related products primarily in Greece, Cyprus, Bulgaria, and Romania.

Quest Holdings

Market Cap: €634.9m

Engages in the distribution of information technology and telecommunications products in Greece, Romania, Cyprus, Luxembourg, Belgium, Spain, and Italy.