German Undiscovered Gems With Strong Fundamentals

Deutsche Balaton

Market Cap: €200.5m

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

va-Q-tec

Market Cap: €392.2m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Baader Bank

Market Cap: €241.1m

Provides investment and banking services in Europe.

Westag

Market Cap: €140.6m

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

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €143.8m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Paul Hartmann

Market Cap: €873.7m

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

Südwestdeutsche Salzwerke

Market Cap: €619.9m

Südwestdeutsche Salzwerke AG, together with its subsidiaries, mines, produces, and sells salt in Germany, the European Union, and internationally.

Kulmbacher Brauerei Aktien-Gesellschaft

Market Cap: €137.1m

Engages in the brewery business in Germany and internationally.

centrotherm international

Market Cap: €107.9m

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

PULSION Medical Systems

Market Cap: €164.9m

Engages in the development, production, and distribution of monitoring, diagnosis, and therapy control systems for recording physiological parameters of hospitalized, seriously ill, and intensive care patients.

Quirin Privatbank

Market Cap: €149.3m

Engages in banking and capital markets businesses in Germany.

Novabase S.G.P.S

Market Cap: €294.5m

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: €91.5m

Provides engineering products and services for the cement industry.

BAUER

Market Cap: €281.9m

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

FRoSTA

Market Cap: €630.8m

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

Merkur PrivatBank KgaA

Market Cap: €129.9m

Provides various private banking products and services in Germany.

Waberer's International Nyrt

Market Cap: €213.7m

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

Hawesko Holding

Market Cap: €209.3m

Trades in and sells wines, champagnes, and spirits in Germany, Austria, Switzerland, and the Czech Republic, Sweden, and internationally.

HMS Bergbau

Market Cap: €224.5m

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

Eckert & Ziegler

Market Cap: €1.4b

Manufactures and sells isotope technology components worldwide.

Ringmetall

Market Cap: €94.8m

Develops, produces, and markets packaging solutions for industrial drums in Germany and internationally.

Bastei Lübbe

Market Cap: €132.0m

A media company, publishes books, audio books, e-books, and other digital products in the genres of fiction and popular science content in Germany, Austria, Luxembourg, and Switzerland.

MEDICLIN

Market Cap: €139.7m

Operates hospitals in Germany.

Uzin Utz

Market Cap: €312.7m

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.

Deutsche Rohstoff

Market Cap: €203.4m

Engages in the exploration and production of crude oil and natural gas primarily in the United States, Australia, Western Europe, and South Korea.

All for One Group

Market Cap: €231.5m

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

innoscripta

Market Cap: €1.1b

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

Masterflex

Market Cap: €121.2m

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

JDC Group

Market Cap: €354.3m

Operates as a financial services company in Germany and Austria.

Ernst Russ

Market Cap: €243.9m

A publicly owned investment manager.

Aumann

Market Cap: €173.9m

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.

Nexus

Market Cap: €1.2b

Develops and sells software solutions for the healthcare market in Germany, Switzerland, Liechtenstein, the Netherlands, Poland, France, Austria, and internationally.

MBB

Market Cap: €817.0m

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

Leifheit

Market Cap: €147.0m

Develops and distributes household products in Germany, Central and Eastern Europe, and internationally.