Dutch Potentially Undervalued Companies

Cabka

Market Cap: €36.8m

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

Akzo Nobel

Market Cap: €9.0b

Produces and sells paints and coatings worldwide.

Havas

Market Cap: €1.6b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Sif Holding

Market Cap: €189.2m

Manufactures and sells foundation piles for offshore wind farms and metal structures in the Netherlands, the United Kingdom, the United States, Norway, South Korea, Spain, France, Poland, Belgium, Germany, rest of the European Union, and internationally.

Arcadis

Market Cap: €2.5b

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

Shell

Market Cap: €179.9b

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

SBM Offshore

Market Cap: €5.6b

Provides floating production solutions to the offshore energy industry worldwide.

Signify

Market Cap: €2.2b

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

ForFarmers

Market Cap: €602.0m

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

Wolters Kluwer

Market Cap: €15.1b

Provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally.

TomTom

Market Cap: €603.5m

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

AMG Critical Materials

Market Cap: €1.2b

Develops, produces, and sells energy storage materials.

Koninklijke BAM Groep

Market Cap: €2.4b

Provides products and services in the construction and property, civil engineering, and public private partnerships (PPP) sectors worldwide.

HAL Trust

Market Cap: €15.6b

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

CM.com

Market Cap: €169.2m

Provides cloud software for conversational commerce worldwide.

Aegon

Market Cap: €9.3b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Corbion

Market Cap: €1.1b

Provides lactic acid and lactic acid derivatives, food preservation solutions, functional blends, and algae ingredients in the Netherlands, the United States, Asia, rest of North Americas, the rest of Europe, the Middle East, and Africa.

Randstad

Market Cap: €4.6b

Provides solutions in the field of work and human resources services primarily in North America, Northern Europe, Southern Europe, the United Kingdom, Latin America, and the Asia Pacific.

ArcelorMittal

Market Cap: €37.6b

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

Aperam

Market Cap: €2.7b

Produces and sells stainless steel and alloy products worldwide.

Flow Traders

Market Cap: €1.2b

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

Pharming Group

Market Cap: €953.0m

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, Europe, and internationally.

ING Groep

Market Cap: €67.4b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Eurocommercial Properties

Market Cap: €1.4b

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

Exor

Market Cap: €14.6b

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

Koninklijke Ahold Delhaize

Market Cap: €36.6b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Heineken

Market Cap: €39.6b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

TKH Group

Market Cap: €1.6b

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

Ctac

Market Cap: €42.4m

Provides IT and business consulting services in the Netherlands and Belgium.

MKB Nedsense

Market Cap: €10.8m

Engages in the financing and lending of funds to natural persons and legal entities.

Azerion Group

Market Cap: €117.3m

Operates a digital entertainment and media platform.

Prosus

Market Cap: €109.2b

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

CVC Capital Partners

Market Cap: €12.6b

A private equity and venture capital firm specializing in middle market secondaries, infrastructure and credit, management buyouts, leveraged buyouts, growth equity, mature, recapitalizations, strip sales, and spinouts.

NN Group

Market Cap: €17.5b

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

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.