German Undervalued Stocks Based On Cash Flows

Bike24 Holding

Market Cap: €134.3m

Operates online cycling platforms in Germany, Austria, Switzerland, rest of Europe, and internationally.

Eleving Group

Market Cap: €186.3m

Provides vehicle and consumer finance services in Europe, Africa, and internationally.

AUTO1 Group

Market Cap: €5.4b

A technology company, operates a digital automotive platform for buying and selling used cars online in Germany, France, Italy, and internationally.

Nemetschek

Market Cap: €8.2b

Provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally.

Ströer SE KGaA

Market Cap: €1.9b

Provides out-of-home (OOH) media and digital out-of-home advertising services in Germany and internationally.

Serviceware

Market Cap: €144.4m

Provides a portfolio of software solutions for the digitalization and automation of service processes in Germany, Austria, Switzerland, and internationally.

Gesco

Market Cap: €161.0m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Smartbroker Holding

Market Cap: €216.5m

Operates as online broker in Germany.

tonies

Market Cap: €1.3b

Through its subsidiaries, develops, produces, and distributes digital, cloud based, and interactive audio platform and entertainment system for children in Germany, the United States, the United Kingdom, and internationally.

Pyramid

Market Cap: €19.4m

Engages in the development and manufacture of information technology solutions for the retail, financial, and industrial market.

Delivery Hero

Market Cap: €6.6b

Provides online food ordering, quick commerce, and delivery services.

STEICO

Market Cap: €353.5m

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.

Grenke

Market Cap: €660.9m

Provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally.

AlzChem Group

Market Cap: €1.5b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

RENK Group

Market Cap: €5.8b

Engages in the design, engineering, production, testing, and servicing of customized drive systems in Germany and internationally.

CGRE

Market Cap: €91.8m

An investment company, engages in the design, development, and realization of urban districts in Germany.

Steyr Motors

Market Cap: €223.6m

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

Cogelec

Market Cap: €242.2m

Designs, manufactures, and sells access control and wireless intercom systems in France and internationally.

RealTech

Market Cap: €5.2m

Provides information technology (IT) service management and SAP automation solutions in Germany and the Asia Paci?c.

Basler

Market Cap: €482.1m

Engages in the development, manufacture, and sale of digital cameras for professional users in Germany and internationally.

DEUTZ

Market Cap: €1.7b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Hoenle

Market Cap: €51.4m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Formycon

Market Cap: €410.7m

A biotechnology company, develops biosimilar drugs in Germany and Switzerland.

SBF

Market Cap: €44.3m

Through its subsidiary, SBF Spezialleuchten GmbH, engages in the supply of lighting systems for rail vehicles, municipalities, railways, and industry in Germany.

adidas

Market Cap: €27.3b

Designs, develops, produces, and markets a range of athletic and sports lifestyle products in Europe, Greater China, Japan, South Korea, Latin America, North America, and internationally.

Nagarro

Market Cap: €799.1m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Nordex

Market Cap: €8.0b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

flatexDEGIRO

Market Cap: €4.3b

Provides online brokerage and IT solutions in the areas of finance and financial technology services in Europe.