German Undervalued based on future growth

Traton

Market Cap: €18.2b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

Deutsche Lufthansa

Market Cap: €10.9b

Operates as an aviation company in Germany and internationally.

TUI

Market Cap: €4.3b

Provides tourism services 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.

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.

Wüstenrot & Württembergische

Market Cap: €1.5b

Provides insurance products and services in Germany.

Wacker Neuson

Market Cap: €1.4b

Manufactures and distributes light and compact equipment in Germany, Austria, the United States, and internationally.

Douglas

Market Cap: €1.2b

Douglas AG retails beauty products in Europe.

JOST Werke

Market Cap: €973.0m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, the Pacific, and Africa.

SAF-Holland

Market Cap: €844.1m

Manufactures and sells chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.

Nagarro

Market Cap: €765.6m

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

Gerresheimer

Market Cap: €687.0m

Provides medicine packaging, drug delivery devices, and solutions in Germany and internationally.

innoscripta

Market Cap: €658.0m

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

Grenke

Market Cap: €652.9m

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

Energiekontor

Market Cap: €529.9m

A project developer, engages in the planning, construction, and operation of wind and solar parks in Germany, Portugal, Scotland, and the united States.

Stabilus

Market Cap: €514.2m

Engages in the development, production, and distribution of gas springs, dampers, electromechanical damper opening systems, vibration isolation products, and industrial components in Germany, other European countries, the Middle East, Africa, North America, South America, the Asia-Pacific, and internationally.

ProCredit Holding

Market Cap: €491.2m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Heidelberger Druckmaschinen

Market Cap: €470.5m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

GFT Technologies

Market Cap: €434.2m

Provides digital transformation services.

Medios

Market Cap: €426.5m

Supplies specialty pharmaceutical drugs primarily in Germany.

Verve Group

Market Cap: €265.4m

A digital media company, engages in the provision of ad-software solutions in North America and Europe.

Angler Gaming

Market Cap: €234.7m

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

Steyr Motors

Market Cap: €231.9m

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

HMS Bergbau

Market Cap: €209.0m

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

Eleving Group

Market Cap: €186.3m

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

Amadeus FiRe

Market Cap: €184.2m

Provides personnel and training services in Germany.

LIMES Schlosskliniken

Market Cap: €144.6m

Operates private clinics for psychiatry, psychotherapy, and psychosomatics services in Germany, Switzerland, and Liechtenstein.

Grammer

Market Cap: €117.8m

Engages in the development, production, and sale of components and systems for automotive interiors worldwide.

Ringmetall

Market Cap: €84.9m

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

Platform Group

Market Cap: €84.0m

A software company, operates online platforms for B2B and B2C customers.

FORTEC Elektronik

Market Cap: €45.2m

Manufactures and sells components and systems in the areas of display and embedded computer technology, and power supplies in Germany and internationally.

ABO Energy GmbH KGaA

Market Cap: €43.2m

Develops renewable energy projects in Germany and internationally.

Delticom

Market Cap: €39.5m

Engages in online distribution of tires and wheels in Europe.

ecotel communication ag

Market Cap: €38.7m

Provides marketing information and telecommunication solutions in Germany.

Berentzen-Gruppe

Market Cap: €34.0m

Produces and distributes spirits and non-alcoholic beverages in Germany, rest of Europe Union, rest of Europe, and internationally.

DATRON

Market Cap: €31.1m

Designs, develops, manufactures, and sells milling machines and tools worldwide.