German Undiscovered Gems With Strong Fundamentals

FRoSTA

Market Cap: €633.6m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Envirotainer

Market Cap: €398.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Freetrailer Group

Market Cap: €747.3m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Deutsche Balaton

Market Cap: €233.9m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €132.3m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Baader Bank

Market Cap: €334.3m

Provides investment and banking services in Europe.

Westag

Market Cap: €137.8m

Manufactures and sells wood-based products for interior finishing and building construction in Germany and internationally.

Funkwerk

Market Cap: €261.1m

Provides communication, information, and security systems in Germany, the European Union, the European Free Trade Association, and internationally.

Paul Hartmann

Market Cap: €770.7m

Manufactures and sells medical and care products in Germany, the rest of Europe, the Middle East, Africa, Asia and Pacific region, and the Americas.

Kazakhtelecom JSC

Market Cap: €437.9b

Provides telecommunication services to individuals and businesses in the Republic of Kazakhstan.

Quirin Privatbank

Market Cap: €148.5m

Primarily operates as an asset management company in Germany.

centrotherm international

Market Cap: €174.6m

Provides production equipment and solutions for the photovoltaic, semiconductor, and microelectronic industries worldwide.

Veteranpoolen

Market Cap: €1.0b

Operates as a staffing company.

LIMES Schlosskliniken

Market Cap: €98.4m

Operates private clinics for psychiatry, psychotherapy, and psychosomatics services in Germany, Switzerland, and Liechtenstein.

Novabase S.G.P.S

Market Cap: €326.4m

Through its subsidiaries, provides IT consulting and services in Portugal, rest of Europe, Africa, the Middle East, and internationally.

KHD Humboldt Wedag International

Market Cap: €89.0m

Provides engineering products and services for the cement industry.

BAUER

Market Cap: €228.1m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Merkur PrivatBank KgaA

Market Cap: €148.6m

Provides various private banking products and services in Germany.

Angler Gaming

Market Cap: €228.0m

Invests in companies that offer gaming services through the internet in Malta.

Waberer's International Nyrt

Market Cap: €225.7m

Provides transportation, forwarding, and logistics services in Europe and internationally.

IVU Traffic Technologies

Market Cap: €371.3m

Develops, installs, maintains, and operates integrated IT solutions for buses and trains worldwide.

MEDICLIN

Market Cap: €178.6m

Operates hospitals in Germany.

Aumann

Market Cap: €162.8m

Manufactures and sells specialized machines and production lines for electromobility, automation, and robot applications in Germany, rest of Europe, the United States, Canada, Mexico, China, and internationally.

Uzin Utz

Market Cap: €348.1m

Develops, manufactures, and sells construction chemical system products in Germany, the United States, Netherlands, and internationally.

SNP Schneider-Neureither & Partner

Market Cap: €486.5m

Provides software for management of digital transformation processes in Germany.

All for One Group

Market Cap: €205.9m

Provides business software solutions for SAP, Microsoft, and IBM primarily in Germany, Switzerland, Austria, Poland, Luxembourg, and internationally.

HMS Bergbau

Market Cap: €201.7m

Engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide.

Eckert & Ziegler

Market Cap: €973.0m

Manufactures and sells isotope technology components worldwide.

innoscripta

Market Cap: €925.0m

Provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany.

Masterflex

Market Cap: €131.8m

Develops, manufactures, and distributes high-tech hoses and connecting systems for various industrial and manufacturing applications in Germany, Rest of Europe, and internationally.

Serviceware

Market Cap: €173.8m

Provides a portfolio of software solutions for the digitalization and automation of service processes in Germany, Austria, Switzerland, and internationally.

CeoTronics

Market Cap: €110.5m

Manufactures and distributes electronic audio and video systems, and data transmission and communication solutions for difficult conditions in Germany, rest of Europe, and internationally.

Ernst Russ

Market Cap: €230.4m

A publicly owned investment manager.

MBB

Market Cap: €1.0b

Engages in the acquisition and management of medium-sized companies primarily in the technology and engineering sectors in Germany and internationally.

Instone Real Estate Group

Market Cap: €331.4m

Develops residential real estate properties in Germany.