German Undiscovered Gems With Strong Fundamentals

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €132.0m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Baader Bank

Market Cap: €220.6m

Provides investment and banking services in Europe.

Südwestdeutsche Salzwerke

Market Cap: €604.2m

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

Westag

Market Cap: €133.6m

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

Paul Hartmann

Market Cap: €877.3m

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

Kulmbacher Brauerei Aktien-Gesellschaft

Market Cap: €137.8m

Engages in the brewery business in Germany and internationally.

DN Deutsche Nachhaltigkeit

Market Cap: €137.5m

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

innoscripta

Market Cap: €983.0m

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

PULSION Medical Systems

Market Cap: €164.9m

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

centrotherm international

Market Cap: €118.5m

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

msg life ag

Market Cap: €149.8m

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: €301.9m

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

PFISTERER Holding

Market Cap: €665.2m

Manufactures and sells cable fittings, insulators for overhead lines, and associated components for sensitive interfaces in energy networks and renewable energy generation.

FRoSTA

Market Cap: €619.9m

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

BAUER

Market Cap: €299.1m

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

Merkur PrivatBank KgaA

Market Cap: €121.3m

Provides various private banking products and services in Germany.

Waberer's International Nyrt

Market Cap: €206.8m

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

Hawesko Holding

Market Cap: €235.4m

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

Eckert & Ziegler

Market Cap: €1.4b

Manufactures and sells isotope technology components worldwide.

HMS Bergbau

Market Cap: €147.2m

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

Ringmetall

Market Cap: €94.2m

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

Fabasoft

Market Cap: €190.7m

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

MEDICLIN

Market Cap: €140.6m

Operates hospitals in Germany.

Ernst Russ

Market Cap: €241.2m

A publicly owned investment manager.

Uzin Utz

Market Cap: €307.7m

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.

All for One Group

Market Cap: €267.7m

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

Deutsche Rohstoff

Market Cap: €182.6m

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

Masterflex

Market Cap: €116.9m

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: €184.8m

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.

MBB

Market Cap: €802.9m

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

Leifheit

Market Cap: €174.1m

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

MLP

Market Cap: €951.5m

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

STEICO

Market Cap: €300.0m

Develops, produces, and markets ecological construction products made of renewable raw materials in Germany, Austria, Switzerland, Lichtenstein, France, Belgium, Netherlands, Luxemburg, South European countries, and internationally.