German Undiscovered Gems With Strong Fundamentals

Sparta

Market Cap: €98.6m

A publicly owned investment manager.

Freetrailer Group

Market Cap: €695.8m

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

va-Q-tec

Market Cap: €398.1m

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

Deutsche Balaton

Market Cap: €246.4m

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

Baader Bank

Market Cap: €312.3m

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.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €128.1m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Funkwerk

Market Cap: €249.8m

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

Paul Hartmann

Market Cap: €795.6m

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

PULSION Medical Systems

Market Cap: €173.1m

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

Quirin Privatbank

Market Cap: €154.6m

Primarily operates as an asset management company in Germany.

centrotherm international

Market Cap: €149.2m

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

Veteranpoolen

Market Cap: €986.9m

Operates as a staffing company.

KHD Humboldt Wedag International

Market Cap: €87.0m

Provides engineering products and services for the cement industry.

Clere

Market Cap: €86.3m

An independent electricity producer, acquires and operates solar parks in Germany, Italy, Great Britain, Spain, and the United Kingdom.

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.

LIMES Schlosskliniken

Market Cap: €103.8m

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

BAUER

Market Cap: €236.7m

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: €662.2m

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

Hawesko Holding

Market Cap: €181.5m

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

Merkur PrivatBank KgaA

Market Cap: €152.5m

Provides various private banking products and services in Germany.

Waberer's International Nyrt

Market Cap: €242.9m

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

Angler Gaming

Market Cap: €243.0m

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

IVU Traffic Technologies

Market Cap: €343.7m

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

MEDICLIN

Market Cap: €164.4m

Operates hospitals in Germany.

Aumann

Market Cap: €171.6m

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: €365.7m

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.

Eckert & Ziegler

Market Cap: €1.1b

Manufactures and sells isotope technology components worldwide.

All for One Group

Market Cap: €196.7m

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

Deutsche Rohstoff

Market Cap: €233.9m

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

HMS Bergbau

Market Cap: €231.7m

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

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.

Steyr Motors

Market Cap: €235.6m

Engages in manufacturing and selling diesel engines for commercial and military vehicles worldwide.

Masterflex

Market Cap: €125.0m

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: €394.8m

Operates as a financial services company in Germany and Austria.