Dutch Potentially Undervalued Companies

Cabka

Market Cap: €44.6m

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

Havas

Market Cap: €1.5b

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

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.

Arcadis

Market Cap: €3.8b

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

SBM Offshore

Market Cap: €3.7b

Provides floating production solutions to the offshore energy industry worldwide.

PostNL

Market Cap: €531.6m

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

Azerion Group

Market Cap: €157.6m

Operates a digital entertainment and media platform.

ForFarmers

Market Cap: €400.8m

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

Signify

Market Cap: €2.7b

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

CM.com

Market Cap: €139.2m

Provides cloud software for conversational commerce worldwide.

Basic-Fit

Market Cap: €1.7b

Engages in the operation of fitness clubs.

HAL Trust

Market Cap: €12.2b

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

Wolters Kluwer

Market Cap: €26.6b

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

Sif Holding

Market Cap: €231.0m

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.

B&S Group

Market Cap: €497.5m

Distributes consumer goods worldwide.

InPost

Market Cap: €5.2b

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

Aegon

Market Cap: €10.7b

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

Aperam

Market Cap: €2.0b

Produces and sells stainless steel and alloy products worldwide.

Corbion

Market Cap: €950.5m

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.

Wereldhave

Market Cap: €877.1m

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

Pharming Group

Market Cap: €851.6m

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.

Koninklijke Ahold Delhaize

Market Cap: €31.0b

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

Exor

Market Cap: €17.3b

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

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.

NSI

Market Cap: €415.8m

We are Amsterdam real estate specialists bringing together local market knowledge, experience and capital.

Koninklijke Heijmans

Market Cap: €1.6b

Engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally.

NEPI Rockcastle

Market Cap: €98.3b

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.

Ctac

Market Cap: €47.3m

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

Heineken Holding

Market Cap: €16.4b

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

NN Group

Market Cap: €15.8b

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

ASR Nederland

Market Cap: €11.9b

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

ArcelorMittal

Market Cap: €23.3b

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

Brunel International

Market Cap: €409.7m

Provides secondment, project management, recruitment, and consultancy services in the Netherlands, Germany, Austria, Switzerland, Czech Republic, Australasia, the Middle East, India, rest of Asia, the Americas, and internationally.

CTP

Market Cap: €9.1b

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

Just Eat Takeaway.com

Market Cap: €4.0b

Operates as an online food delivery company worldwide.