Greek Potentially Undervalued Companies

Austriacard Holdings

Market Cap: €179.5m

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.

LAMDA Development

Market Cap: €1.3b

Lamda Development S.A., together with its subsidiaries, engages in the investment in, development, and project management activities in the commercial real estate market in Greece and internationally.

Coca-Cola HBC

Market Cap: €12.3b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Aegean Airlines

Market Cap: €1.2b

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

Metlen Energy & Metals

Market Cap: €6.1b

Operates as an industrial and energy company with focus on the metals and energy sectors worldwide.

Titan

Market Cap: €2.6b

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

Papoutsanis

Market Cap: €78.1m

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

Avax

Market Cap: €355.5m

Operates as a construction company in Greece and internationally.

Hellenic Telecommunications Organization

Market Cap: €6.5b

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

Performance Technologies

Market Cap: €86.6m

Provides IT solutions in Greece.

Medicon Hellas

Market Cap: €11.3m

Operates in the diagnostics industry.

Cenergy Holdings

Market Cap: €2.7b

Manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium, Greece, Other European Union countries, Other European countries, the United States, and internationally.

Mathios Refractories

Market Cap: €9.1m

Develops, manufactures, and sells refractory products and lining solutions in Greece, Other European Union, and internationally.

Eurobank Ergasias Services and Holdings

Market Cap: €12.2b

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: €9.3b

Provides banking products and services in Greece and internationally.

Bank of Greece

Market Cap: €300.0m

Provides various financial products and services in Greece.

Selected Textiles

Market Cap: €6.8m

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

Fais Holding Societe Anonyme

Market Cap: €155.2m

Engages in the retail/wholesale sector of sportswear, apparel, footwear, and accessories.

Phoenix Vega Mezz

Market Cap: €83.5m

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

European Innovation Solutions

Market Cap: €19.4m

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

Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme

Market Cap: €75.7m

Engages in the distribution of commercial brands in various market sectors in Greece, Romania, Bulgaria, and internationally.

Loulis Food Ingredients

Market Cap: €62.8m

Produces and supplies raw materials for nutrition in Greece, Bulgaria, Other European Union, and internationally.

Petros Petropoulos AEBE

Market Cap: €59.3m

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

Cairo Mezz

Market Cap: €145.9m

Engages in holding and management of mezzanine and junior notes.

Thessaloniki Port Authority Societe Anonyme

Market Cap: €366.9m

Offers transportation services in Greece.

Intertech Inter. Technologies

Market Cap: €11.8m

Distributes technology products in Greece.

Elinoil Hellenic Petroleum

Market Cap: €54.8m

Engages in the trading of liquid and solid fuels, and lubricants.

Gr. Sarantis

Market Cap: €819.9m

Produces and trades in cosmetics, household products, and pharmaceutical items in Greece, Portugal, Poland, Romania, Bulgaria, Serbia, Bosnia-Herzegovina, North Macedonia, Slovenia, Czech-Slovakia, Hungary, and Ukraine.

Karelia Tobacco

Market Cap: €943.9m

Engages in the production and sale of tobacco products in European Union, Africa, Asia, Greece, and Other European countries.

Jumbo

Market Cap: €4.0b

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

Bank of Cyprus Holdings

Market Cap: €3.5b

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.

Pipe Works L. Girakian Profil

Market Cap: €3.9m

Manufactures and sells various types of steel pipes in Greece.

Quest Holdings

Market Cap: €766.6m

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

Mevaco

Market Cap: €90.8m

Engages in metal fabrication and construction business in Greece, the United Kingdom, Romania, Denmark, France, Russia, Australia, and internationally.

Organization of Football Prognostics

Market Cap: €7.1b

Engages in the operation and management of numerical lottery and sports betting games in Greece and Cyprus.

Dimand

Market Cap: €186.3m

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