German Undiscovered Gems With Strong Fundamentals

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Deutsche Balaton

Market Cap: €217.2m

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: €401.0m

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

Freetrailer Group

Market Cap: €705.3m

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

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €137.2m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Baader Bank

Market Cap: €244.0m

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.

Paul Hartmann

Market Cap: €856.0m

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: €672.5m

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.

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.

Veteranpoolen

Market Cap: €966.9m

Operates as a staffing company.

centrotherm international

Market Cap: €106.9m

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

Quirin Privatbank

Market Cap: €156.3m

Primarily operates as an asset management company in Germany.

Clere

Market Cap: €93.4m

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

Novabase S.G.P.S

Market Cap: €304.0m

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

KHD Humboldt Wedag International

Market Cap: €92.9m

Provides engineering products and services for the cement industry.

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.

FRoSTA

Market Cap: €677.2m

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

Hawesko Holding

Market Cap: €205.7m

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

Merkur PrivatBank KgaA

Market Cap: €138.5m

Provides various private banking products and services in Germany.

Waberer's International Nyrt

Market Cap: €205.1m

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

Angler Gaming

Market Cap: €305.9m

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

Eckert & Ziegler

Market Cap: €1.3b

Manufactures and sells isotope technology components worldwide.

HMS Bergbau

Market Cap: €195.4m

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

Ringmetall

Market Cap: €88.4m

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

Steyr Motors

Market Cap: €295.4m

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

MEDICLIN

Market Cap: €143.5m

Operates hospitals in Germany.

Uzin Utz

Market Cap: €332.9m

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: €231.0m

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

Deutsche Rohstoff

Market Cap: €201.9m

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: €985.0m

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

Masterflex

Market Cap: €114.9m

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

JDC Group

Market Cap: €394.8m

Operates as a financial services company in Germany and Austria.

Nabaltec

Market Cap: €121.9m

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