German Undiscovered Gems With Strong Fundamentals

Sparta

Market Cap: €88.7m

A publicly owned investment manager.

FRoSTA

Market Cap: €540.9m

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

Baader Bank

Market Cap: €195.2m

Provides investment and banking services in Europe.

EnviTec Biogas

Market Cap: €527.2m

Manufactures and operates biogas and biomethane plants in Germany, Italy, Great Britain, the Czechia Republic, France, Denmark, the United States, China, Greece, Estonia, and internationally.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €121.9m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Westag

Market Cap: €131.3m

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

Mühlbauer Holding

Market Cap: €604.6m

Engages in the production and personalization of smart cards, passports, solar cells, and RFID solutions in Germany, rest of Europe, Asia, the United States, Africa, and internationally.

Paul Hartmann

Market Cap: €827.6m

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: €577.9m

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: €131.7m

Engages in the brewery business in Germany and internationally.

DN Deutsche Nachhaltigkeit

Market Cap: €111.9m

Neon Equity AG is a private equity firm specializing in growth capital, buyout and SPAC investments.

SIMONA

Market Cap: €277.2m

Develops, manufactures, and markets a range of semi-finished thermoplastics, pipes, fittings, and profiles worldwide.

msg life ag

Market Cap: €139.5m

Provides software, advice, and cloud solutions for life insurance companies and pension fund institutions in Europe and the United States.

Novabase S.G.P.S

Market Cap: €252.7m

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

MEDICLIN

Market Cap: €137.8m

Operates hospitals in Germany.

RHÖN-KLINIKUM

Market Cap: €970.6m

Offers in-patient, semi-patient, and outpatient healthcare services in Germany.

BAUER

Market Cap: €225.9m

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

Uzin Utz

Market Cap: €290.0m

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

Merkur PrivatBank KgaA

Market Cap: €118.2m

Provides various private banking products and services in Germany.

HMS Bergbau

Market Cap: €139.0m

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

Eckert & Ziegler

Market Cap: €1.1b

Manufactures and sells isotope technology components worldwide.

Ringmetall

Market Cap: €97.1m

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

MPH Health Care

Market Cap: €95.0m

An investment company, engages in the healthcare business in Germany.

Fabasoft

Market Cap: €174.6m

Manufactures software products, and provides cloud services to public and private sectors in Austria, Germany, Switzerland, and internationally.

PharmaSGP Holding

Market Cap: €292.6m

Manufactures and sells over-the-counter drugs and other healthcare products in Germany.

OVB Holding

Market Cap: €319.2m

Through its subsidiaries, provides advisory and brokerage services to private households in Europe.

Leifheit

Market Cap: €180.8m

Produces and distributes household products in Germany, Central and Eastern Europe, 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: €238.2m

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

MLP

Market Cap: €796.0m

Provides financial services to private, corporate, and institutional clients in Germany.

M1 Kliniken

Market Cap: €283.9m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

Masterflex

Market Cap: €92.7m

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

Aumann

Market Cap: €191.7m

Manufactures and sells specialized machines and production lines for components of electric and classic drive chain systems in 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.

Heidelberger Druckmaschinen

Market Cap: €319.6m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

R. STAHL

Market Cap: €114.0m

Develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide.