Dutch Potentially Undervalued Companies

Cabka

Market Cap: €49.4m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Akzo Nobel

Market Cap: €8.4b

Produces and sells paints and coatings worldwide.

HAL Trust

Market Cap: €10.2b

Operates through multi-sectors in Europe, the United States, Canada, Asia, and internationally.

Sif Holding

Market Cap: €292.3m

Engages in the manufacturing of foundation piles for offshore wind farms and metal structures in the Netherlands and internationally.

Arcadis

Market Cap: €4.0b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Eurocommercial Properties

Market Cap: €1.2b

A Euronext-quoted property investment company and one of Europe’s shopping centre specialists.

Exor

Market Cap: €16.3b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

Koninklijke Heijmans

Market Cap: €1.0b

Engages in the property development, construction, and infrastructure businesses in the Netherlands and internationally.

Koninklijke Philips

Market Cap: €18.9b

Operates as a health technology company in North America, the Greater China, and internationally.

Azerion Group

Market Cap: €155.0m

Operates a digital entertainment and media platform in the Netherlands, Germany, France, Great Britain, Ireland, Italy, other Nordic and European countries, the United States, the United Arab Emirates, and internationally.

Signify

Market Cap: €2.2b

Provides lighting products, systems, and services in Europe, the Americas, and internationally.

ForFarmers

Market Cap: €358.7m

Provides feed solutions for conventional and organic livestock farming under the ForFarmers brand in the Netherlands, the United Kingdom, Germany, Poland, Belgium, and internationally.

CM.com

Market Cap: €182.0m

Provides cloud software for conversational commerce worldwide.

NN Group

Market Cap: €12.7b

A financial services company, engages in the provision of life and non-life insurance products in the Netherlands and internationally.

Havas

Market Cap: €1.3b

Operates as a communications and marketing company that provides end to end services across industry value chain.

TomTom

Market Cap: €511.5m

Develops and sells navigation and location-based products and services in Europe, the Americas, and internationally.

AMG Critical Materials

Market Cap: €436.9m

Develops, produces, and sells energy storage materials.

Koninklijke Vopak

Market Cap: €4.3b

An independent tank storage company, stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide.

ABN AMRO Bank

Market Cap: €14.3b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

ArcelorMittal

Market Cap: €17.7b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

InPost

Market Cap: €6.4b

Operates as an out-of-home e-commerce enablement platform providing parcel locker services in Poland and other European countries.

Flow Traders

Market Cap: €1.3b

Operates as a financial technology-enabled multi-asset class liquidity provider in Europe, the Americas, and Asia.

CTP

Market Cap: €7.1b

Develops, owns, operates, and leases commercial real estate properties in Western Europe and Central and Eastern Europe.

Brunel International

Market Cap: €439.5m

Engages in the provision of secondment, project management, recruitment, and consultancy services in the Netherlands, Australasia, the Middle East, India, rest of Asia, the Americas, DACH region, and internationally.

Pharming Group

Market Cap: €470.5m

A biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally.

Banijay Group

Market Cap: €3.6b

Engages in the content production, distribution, online sports betting, and gaming businesses in the United States of America, Europe, and internationally.

Ferrari Group

Market Cap: €609.9m

Provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and Africa.

Fugro

Market Cap: €1.4b

Provides geo-data services for the infrastructure, energy, and water industries in Europe, Africa, the Americas, the Asia Pacific, the Middle East, and India.

NEPI Rockcastle

Market Cap: €93.3b

NEPI Rockcastle N.V. (“the Company”, “NEPI Rockcastle”, “the Group”) is a public limited company domiciled in the Netherlands, having its registered office at Strawinskylaan 563, WTC Zuidas, Tower Ten, 5th Floor, 1077 XX Amsterdam, with registration number at the Dutch Chamber of Commerce 87488329.

Titan

Market Cap: €2.1m

Does not have significant operations.

TKH Group

Market Cap: €1.3b

Develops and delivers smart vision, smart manufacturing, and smart connectivity systems in the Netherlands, rest of Europe, Asia, North America, and internationally.

Shell

Market Cap: €139.5b

Operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas.

Value8

Market Cap: €56.1m

A private equity firm specializing in middle market, buyout, add-on and growth capital investments in small and medium-sized companies.

Koninklijke Philips

Market Cap: €18.9b

Operates as a health technology company in North America, the Greater China, and internationally.

Ctac

Market Cap: €49.4m

Provides business and cloud integration solutions primarily in the Netherlands and Belgium.

Prosus

Market Cap: €82.7b

Engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.