German Undiscovered Gems With Strong Fundamentals

BAUER

Market Cap: €241.0m

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

EnviTec Biogas

Market Cap: €521.2m

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.

Baader Bank

Market Cap: €201.5m

Provides investment and banking services in Europe.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €119.8m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

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.

Paul Hartmann

Market Cap: €848.9m

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

Mühlbauer Holding

Market Cap: €598.9m

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.

Westag

Market Cap: €136.9m

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

Kulmbacher Brauerei Aktien-Gesellschaft

Market Cap: €137.1m

Engages in the brewery business in Germany and internationally.

DN Deutsche Nachhaltigkeit

Market Cap: €117.6m

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

SIMONA

Market Cap: €303.0m

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

Novabase S.G.P.S

Market Cap: €254.5m

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

MEDICLIN

Market Cap: €138.7m

Operates hospitals in Germany.

msg life ag

Market Cap: €143.0m

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

KHD Humboldt Wedag International

Market Cap: €94.4m

Provides engineering products and services for the cement industry.

Gelsenwasser

Market Cap: €1.7b

Engages in the water, wastewater, gas supply, and electricity businesses in Germany, the Czech Republic, and Poland.

FRoSTA

Market Cap: €565.4m

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

RHÖN-KLINIKUM

Market Cap: €990.7m

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

Uzin Utz

Market Cap: €327.9m

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

H&R GmbH KGaA

Market Cap: €148.9m

Engages in the manufacture and sale of chemical-pharmaceutical raw materials and injection molded precision plastic parts in Europe, Africa, Asia, and internationally.

Merkur PrivatBank KgaA

Market Cap: €116.7m

Provides various private banking products and services in Germany.

Eckert & Ziegler

Market Cap: €1.1b

Manufactures and sells isotope technology components worldwide.

HMS Bergbau

Market Cap: €129.0m

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

Ringmetall

Market Cap: €95.9m

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

MPH Health Care

Market Cap: €101.5m

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.

OVB Holding

Market Cap: €319.2m

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

PharmaSGP Holding

Market Cap: €285.4m

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

Leifheit

Market Cap: €202.3m

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.

MLP

Market Cap: €853.8m

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

All for One Group

Market Cap: €246.4m

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

M1 Kliniken

Market Cap: €289.8m

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: €95.2m

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: €193.4m

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.