Dutch Potentially Undervalued Companies

Cabka

Market Cap: €42.7m

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

Arcadis

Market Cap: €3.2b

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

Koninklijke Vopak

Market Cap: €4.5b

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

PostNL

Market Cap: €567.7m

Provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and internationally.

Signify

Market Cap: €2.5b

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

Azerion Group

Market Cap: €138.1m

Operates a digital entertainment and media platform.

ForFarmers

Market Cap: €412.8m

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

TomTom

Market Cap: €872.3m

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

Havas

Market Cap: €1.7b

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

CM.com

Market Cap: €151.1m

Provides cloud software for conversational commerce worldwide.

HAL Trust

Market Cap: €13.1b

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

Flow Traders

Market Cap: €1.1b

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

Aegon

Market Cap: €9.9b

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

Wereldhave

Market Cap: €903.9m

Wereldhave N.V. (“the Company”) is an investment company that invests in real estate (shopping centers and offices).

Eurocommercial Properties

Market Cap: €1.4b

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

Exor

Market Cap: €15.6b

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

Koninklijke Ahold Delhaize

Market Cap: €29.9b

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

Fugro

Market Cap: €1.0b

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

Shell

Market Cap: €150.8b

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

MKB Nedsense

Market Cap: €20.1m

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

Heineken Holding

Market Cap: €17.6b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Akzo Nobel

Market Cap: €10.2b

Produces and sells paints and coatings worldwide.

Ctac

Market Cap: €42.7m

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

RELX

Market Cap: €57.8b

Provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally.

Prosus

Market Cap: €118.1b

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

Sif Holding

Market Cap: €192.2m

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.

Basic-Fit

Market Cap: €2.0b

Engages in the operation of fitness clubs.

Magnum Ice Cream

Market Cap: €8.0b

Engages in ice cream business.

Wolters Kluwer

Market Cap: €20.6b

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

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

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.

ABN AMRO Bank

Market Cap: €25.0b

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.

Aperam

Market Cap: €2.6b

Produces and sells stainless steel and alloy products worldwide.

ASR Nederland

Market Cap: €12.5b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Hawick Data

Market Cap: €9.0m

Engages in media advertising business in the Netherlands.

Sligro Food Group

Market Cap: €443.8m

Engages in the foodservice businesses in the Netherlands and Belgium.