Hungarian Potentially Undervalued Companies

NUTEX Investments

Market Cap: Ft2.4b

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

MBH Bank Nyrt

Market Cap: Ft974.0b

Provides various banking products and services in Hungary.

Gedeon Richter

Market Cap: Ft2.2t

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

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft2.5t

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

OTP Bank Nyrt

Market Cap: Ft9.4t

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

Wizz Air Holdings

Market Cap: Ft951.8m

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: Ft275.8b

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

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.

Vienna Insurance Group

Market Cap: Ft7.9b

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

Forrás nyRt

Market Cap: Ft9.6b

Forras Rt. is a publicly owned investment manager.

ENEFI Vagyonkezelo Nyrt

Market Cap: Ft2.0b

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

Waberer's International Nyrt

Market Cap: Ft205.1m

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

Bayerische Motoren Werke

Market Cap: Ft49.4b

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

Forrás nyRt

Market Cap: Ft9.6b

Forras Rt. is a publicly owned investment manager.

Bayer

Market Cap: Ft38.0b

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.

Deutsche Lufthansa

Market Cap: Ft9.1b

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

SAP

Market Cap: Ft193.4b

Provides enterprise application and business solutions worldwide.

BASF

Market Cap: Ft42.3b

Operates as a chemical company worldwide.

Commerzbank

Market Cap: Ft32.0b

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.

Shopper Park Plus Nyilvánosan Muködo Részvénytársaság

Market Cap: €298.9m

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: Ft68.2b

Engages in the insurance and reinsurance businesses worldwide.

Siemens

Market Cap: Ft170.7b

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.

Deutsche Telekom

Market Cap: Ft160.5b

Provides integrated telecommunication services worldwide.

ANY Biztonsági Nyomda Nyrt

Market Cap: Ft104.4b

Operates as a security printing company in Europe.