Hungarian Potentially Undervalued Companies

NUTEX Investments

Market Cap: Ft2.4b

Provides health preserving, health improving, dietary supplement, and cosmetic products in Hungary and internationally.

Gedeon Richter

Market Cap: Ft2.2t

Researches, develops, manufactures, markets, and sells pharmaceutical products.

MBH Bank Nyrt

Market Cap: Ft964.4b

Provides various banking products and services in Hungary.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft2.5t

Operates as an integrated oil and gas company in Hungary and internationally.

Wizz Air Holdings

Market Cap: Ft936.3m

Engages in the provision of passenger air transportation services in Europe, Iceland, Liechtenstein, Norway, and Switzerland, the United Kingdom, and Other European countries.

OPUS GLOBAL Nyrt

Market Cap: Ft272.6b

Through its subsidiaries, engages in the construction business in Hungary, rest of EU countries, non-EU countries, Asian countries, and internationally.

OTP Bank Nyrt

Market Cap: Ft9.4t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: Ft1.8t

Provides fixed-line and mobile telecommunication services for residential and business customers in Hungary, Bulgaria, Romania, and the Republic of North Macedonia.

ENEFI Vagyonkezelo Nyrt

Market Cap: Ft2.0b

Engages in the production and sale of thermal energy in Hungary, Cyprus, and Romania.

Vienna Insurance Group

Market Cap: Ft8.0b

Engages in providing insurance products and services in Austria and internationally.

Forrás nyRt

Market Cap: Ft11.3b

Forras Rt. is a publicly owned investment manager.

Bayerische Motoren Werke

Market Cap: Ft50.3b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Bayer

Market Cap: Ft38.4b

Operates as a life science company in Europe, the Middle East, Africa, Germany, Switzerland, North America, the United States, the Asia Pacific, China, Latin America, and Brazil.

Forrás nyRt

Market Cap: Ft11.3b

Forras Rt. is a publicly owned investment manager.

Waberer's International Nyrt

Market Cap: Ft205.1m

Provides transportation, forwarding, and logistics services in Europe and internationally.

Deutsche Lufthansa

Market Cap: Ft9.3b

Operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa.

SAP

Market Cap: Ft195.0b

Provides enterprise application and business solutions worldwide.

Commerzbank

Market Cap: Ft32.7b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

BASF

Market Cap: Ft42.4b

Operates as a chemical company worldwide.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: Ft66.9b

Engages in the insurance and reinsurance businesses worldwide.

Shopper Park Plus Nyilvánosan Muködo Részvénytársaság

Market Cap: €298.9m

Owns, operates, and leases retail parks in Hungary and the Czech Republic.

Siemens

Market Cap: Ft174.1b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Allianz

Market Cap: Ft133.3b

Provides property-casualty insurance, life/health insurance, and asset management products and services Internationally.

Deutsche Telekom

Market Cap: Ft158.3b

Provides integrated telecommunication services worldwide.