Dutch Potentially Undervalued Companies

Eurocommercial Properties

Market Cap: €1.4b

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

Hawick Data

Market Cap: €10.2m

Engages in media advertising business in the Netherlands.

Hydratec Industries

Market Cap: €245.7m

Through its subsidiaries, manufactures and sells industrial systems and plastic components for food, health, and mobility markets in the Netherlands, rest of Europe, Asia, North America, South America, Africa, and Oceania.

Triodos Bank

Market Cap: €440.5m

Provides retail, business, and private banking and financial products and services in the Netherlands, the United Kingdom, Spain, Belgium, and Germany.

Ferrari Group

Market Cap: €777.9m

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

Reinet Investments S.C.A

Market Cap: €4.5b

Operates as a securitization vehicle in Luxembourg.

Heineken

Market Cap: €36.9b

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

Shell

Market Cap: €153.9b

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

TKH Group

Market Cap: €1.5b

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

ASML Holding

Market Cap: €320.7b

Provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.

Neways Electronics International

Market Cap: €156.4m

Neways Electronics International N.V. engages in the designing and manufacturing of electronics and box-build assemblies in Germany, the Netherlands, Europe, the United States, and Asia.

Almunda Professionals

Market Cap: €23.8m

Provides digital transformation, data management, regulatory change, and consultancy services in the Netherlands and internationally.

Prosus

Market Cap: €132.9b

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

Koninklijke KPN

Market Cap: €15.7b

Provides telecommunications and information technology (IT) services in the Netherlands.

TomTom

Market Cap: €667.0m

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

DSM-Firmenich

Market Cap: €18.5b

Provides nutrition, health, and beauty solutions in Switzerland, the Netherlands, rest of Europe, the Middle East and Africa, North America, Latin America, China, and rest of Asia.

Envipco Holding

Market Cap: €415.0m

Develops, manufactures, assembles, leases, sells, markets, and services a line of reverse vending machines (RVMs) in the Netherlands, the United States, North America, and Europe.

JDE Peet's

Market Cap: €15.1b

Operates as a coffee and tea company worldwide.

IMCD

Market Cap: €5.2b

Distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

Banijay Group

Market Cap: €3.8b

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

Nedap

Market Cap: €623.9m

Develops and manufactures electronic equipment and software in the Netherlands, Germany, rest of Europe, North America, and internationally.

Sligro Food Group

Market Cap: €465.8m

Engages in the foodservice businesses in the Netherlands and Belgium.

Alfen

Market Cap: €209.8m

Through its subsidiaries, engages in the design, engineering, development, production, and service of smart grid solutions, energy storage systems, and electric vehicle charging equipment.

Aalberts

Market Cap: €3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.