German Undervalued based on future growth

Mercedes-Benz Group

Market Cap: €47.1b

Operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally.

Daimler Truck Holding

Market Cap: €30.4b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Traton

Market Cap: €16.3b

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: €9.2b

Operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa.

Deutsche Wohnen

Market Cap: €7.7b

Develops and manages residential properties in Germany.

KION GROUP

Market Cap: €5.8b

Provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific.

TUI

Market Cap: €3.3b

Provides tourism services internationally.

DEUTZ

Market Cap: €1.5b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Wüstenrot & Württembergische

Market Cap: €1.3b

Provides insurance products and services in Germany.

Wacker Neuson

Market Cap: €1.2b

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

Douglas

Market Cap: €936.9m

Douglas AG retails beauty products in Europe.

Energiekontor

Market Cap: €653.7m

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

Grenke

Market Cap: €557.5m

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

Nagarro

Market Cap: €538.9m

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

ProCredit Holding

Market Cap: €468.8m

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

Stabilus

Market Cap: €447.7m

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.

adesso

Market Cap: €361.4m

Provides IT services in Germany, Austria, Switzerland, and internationally.

SIMONA

Market Cap: €318.0m

Develops, manufactures, and markets a range of semi-finished thermoplastics, pipes, fittings, and profiles worldwide.

Medios

Market Cap: €301.9m

Supplies specialty pharmaceutical drugs primarily in Germany.

Angler Gaming

Market Cap: €264.7m

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

Eleving Group

Market Cap: €187.8m

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

MEDICLIN

Market Cap: €169.1m

Operates hospitals in Germany.

UmweltBank

Market Cap: €158.5m

Provides various banking products and services in Germany.

LIMES Schlosskliniken

Market Cap: €151.5m

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

Gesco

Market Cap: €146.8m

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

Scandinavian Astor Group

Market Cap: €106.0m

Produces and develops solutions to defense and industrial sectors in Europe, Africa, the Middle East, the Americas, and Asia.

Nabaltec

Market Cap: €93.7m

Develops, manufactures, and distributes specialized products based on aluminum hydroxide and aluminum oxide in Germany, rest of Europe, the United States, and internationally.

PWO

Market Cap: €83.1m

Develops, produces, and sells metal components and systems for the mobility industry in Germany, the Czechia Republic, Canada, Mexico, Serbia, and China.

R. STAHL

Market Cap: €79.2m

Develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide.

Ringmetall

Market Cap: €78.5m

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

Platform Group SE KGaA

Market Cap: €65.7m

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

CENIT

Market Cap: €58.2m

Provides software solutions and integration services.

ABO Energy GmbH KGaA

Market Cap: €54.3m

Develops renewable energy projects in Germany and internationally.

NFON

Market Cap: €53.8m

Engages in the provision of integrated cloud business communication in Germany, Austria, the United Kingdom, Italy, the Netherlands, Poland, Spain, France, and Switzerland.

DATRON

Market Cap: €38.9m

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

FORTEC Elektronik

Market Cap: €34.1m

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