German Undiscovered Gems With Strong Fundamentals

Deutsche Balaton

Market Cap: €198.4m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

va-Q-tec

Market Cap: €392.2m

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

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €148.3m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Baader Bank

Market Cap: €243.0m

Provides investment and banking services in Europe.

Westag

Market Cap: €134.7m

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

Paul Hartmann

Market Cap: €873.7m

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: €677.7m

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: €134.4m

Engages in the brewery business in Germany and internationally.

Quirin Privatbank

Market Cap: €157.2m

Engages in banking and capital markets businesses in Germany.

PULSION Medical Systems

Market Cap: €164.9m

Engages in the development, production, 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: €114.3m

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

KHD Humboldt Wedag International

Market Cap: €91.5m

Provides engineering products and services for the cement industry.

Novabase S.G.P.S

Market Cap: €294.5m

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

FRoSTA

Market Cap: €628.1m

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

BAUER

Market Cap: €279.7m

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

Waberer's International Nyrt

Market Cap: €210.3m

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

Hawesko Holding

Market Cap: €206.6m

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

Merkur PrivatBank KgaA

Market Cap: €129.1m

Provides various private banking products and services in Germany.

HMS Bergbau

Market Cap: €225.4m

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

Eckert & Ziegler

Market Cap: €1.4b

Manufactures and sells isotope technology components worldwide.

Ringmetall

Market Cap: €94.2m

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

MEDICLIN

Market Cap: €140.6m

Operates hospitals in Germany.

Uzin Utz

Market Cap: €310.2m

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: €239.7m

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

Deutsche Rohstoff

Market Cap: €208.6m

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

innoscripta

Market Cap: €1.0b

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

Masterflex

Market Cap: €128.4m

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: €171.9m

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.

Ernst Russ

Market Cap: €242.6m

A publicly owned investment manager.

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.

Leifheit

Market Cap: €154.3m

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

MBB

Market Cap: €786.7m

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

MLP

Market Cap: €950.4m

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

STEICO

Market Cap: €345.0m

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.