German Undiscovered Gems With Strong Fundamentals

Freetrailer Group

Market Cap: €675.1m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Deutsche Balaton

Market Cap: €213.0m

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

va-Q-tec

Market Cap: €395.1m

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

Baader Bank

Market Cap: €241.1m

Provides investment and banking services in Europe.

Westag

Market Cap: €137.8m

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

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €128.4m

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: €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: €134.4m

Engages in the brewery business in Germany and internationally.

PULSION Medical Systems

Market Cap: €166.5m

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.

Quirin Privatbank

Market Cap: €151.9m

Primarily operates as an asset management company in Germany.

Veteranpoolen

Market Cap: €1.1b

Operates as a staffing company.

centrotherm international

Market Cap: €111.1m

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

Clere

Market Cap: €94.1m

An independent power producer, acquires and operates solar parks in Germany, Italy, Great Britain, Spain, and the United Kingdom.

KHD Humboldt Wedag International

Market Cap: €94.9m

Provides engineering products and services for the cement industry.

Novabase S.G.P.S

Market Cap: €296.4m

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

FRoSTA

Market Cap: €698.3m

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

BAUER

Market Cap: €262.5m

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

Angler Gaming

Market Cap: €299.9m

Invests in companies that offer gaming services through the internet in Malta.

Waberer's International Nyrt

Market Cap: €222.3m

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

Merkur PrivatBank KgaA

Market Cap: €140.0m

Provides various private banking products and services in Germany.

Hawesko Holding

Market Cap: €204.8m

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

HMS Bergbau

Market Cap: €192.7m

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

Ringmetall

Market Cap: €89.0m

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

Steyr Motors

Market Cap: €279.8m

Engages in manufacturing and selling diesel engines for commercial and military vehicles worldwide.

MEDICLIN

Market Cap: €146.3m

Operates hospitals in Germany.

Fabasoft

Market Cap: €169.2m

Provides software products and cloud services for digital document, process, and file management in Austria, Germany, Switzerland, and internationally.

Uzin Utz

Market Cap: €330.4m

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.

Deutsche Rohstoff

Market Cap: €190.9m

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

All for One Group

Market Cap: €218.3m

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

innoscripta

Market Cap: €958.0m

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

Exasol

Market Cap: €89.1m

Develops database for analytics and data warehousing in Germany, Austria, Switzerland, Great Britain, North America, and internationally.

JDC Group

Market Cap: €402.9m

Operates as a financial services company in Germany and Austria.

Bastei Lübbe

Market Cap: €135.3m

A media company, publishes books, audio books, e-books, and other digital products in the genres of fiction and popular science content in Germany, Austria, Luxembourg, and Switzerland.

Nabaltec

Market Cap: €121.4m

Develops, manufactures, and distributes specialized products based on mineral raw materials in Germany, rest of Europe, the United States, and internationally.