Spanish Undiscovered Gems With Strong Fundamentals

Inversiones Doalca SOCIMI

Market Cap: €154.2m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Castellana Properties Socimi

Market Cap: €893.4m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Alantra Partners

Market Cap: €329.6m

Engages in the investment banking and asset management services in Spain and internationally.

Cementos Molins

Market Cap: €1.7b

Manufactures and sells cement and lime, precast concrete, and other construction materials in Spain, Argentina, Mexico, Uruguay, Bangladesh, India, Tunisia, Bolivia, Colombia, Croatia, Germany, and Turkey.

Azkoyen

Market Cap: €197.5m

Designs, manufactures, and markets technology solutions in Spain and internationally.

Aplicaciones y Tratamiento de Sistemas

Market Cap: €176.6m

Aplicaciones y Tratamiento de Sistemas, S.A.

Proeduca Altus

Market Cap: €1.5b

Provides online education services.

Clínica Baviera

Market Cap: €596.5m

A medical company, operates a network of ophthalmology clinics in Spain and Europe.

Nordeste Properties SOCIMI

Market Cap: €619.6m

Owns and rents real estate properties for hotel use in Spain.

Compañía Española de Viviendas en Alquiler

Market Cap: €172.5m

Engages in the leasing of real estate properties in Spain.

Miquel y Costas & Miquel

Market Cap: €531.6m

Engages in the manufacture, trading, and sale of fine and specialty lightweight papers in Spain and internationally.

Renta 4 Banco

Market Cap: €569.7m

Engages in the provision of wealth management, brokerage, and corporate advisory services in Spain and internationally.

ByteTravel

Market Cap: €205.4m

Provides services for business and leisure travelers worldwide.

Laboratorio Reig Jofre

Market Cap: €240.2m

A pharmaceutical company, engages in the research, development, manufacture, and marketing of pharmaceutical products and specialties, as well as accessories authorized foodstuffs, dietary and personal care products, and cosmetics.

Grupo Empresarial San José

Market Cap: €424.6m

Engages in construction business in Spain and internationally.

Nicolás Correa

Market Cap: €133.7m

Engages in the design, manufacture, and sale of CNC milling machines in Spain and internationally.

Arteche Lantegi Elkartea

Market Cap: €458.7m

Engages in the design, manufacture, integration, and supply of electrical equipment and solutions focusing on renewable energies and smart grids in Spain and internationally.