German Undervalued based on future growth

Deutsche Bank

Market Cap: €43.0b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Traton

Market Cap: €14.0b

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.

Continental

Market Cap: €13.7b

A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.

Deutsche Lufthansa

Market Cap: €7.8b

Operates as an aviation company in Germany and internationally.

KION GROUP

Market Cap: €4.8b

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: €3.4b

Provides tourism services worldwide.

TAG Immobilien

Market Cap: €2.5b

A real estate company, engages in the acquisition, development, and management of residential real estate properties in Germany.

Ceconomy

Market Cap: €1.6b

Engages in the consumer electronics retail business.

Wacker Neuson

Market Cap: €1.5b

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

Dürr

Market Cap: €1.4b

Operates as a mechanical and plant engineering company worldwide.

ProSiebenSat.1 Media

Market Cap: €1.4b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Douglas

Market Cap: €1.1b

Operates as an omnichannel beauty company in Europe.

DEUTZ

Market Cap: €935.9m

Develops, manufactures, and sells diesel and gas engines in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

JOST Werke

Market Cap: €744.3m

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

Deutsche Pfandbriefbank

Market Cap: €714.1m

Provides commercial real estate and public investment finance in Europe and the United States of America.

Grenke

Market Cap: €607.0m

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

Verve Group

Market Cap: €603.1m

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

INDUS Holding

Market Cap: €593.8m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Stabilus

Market Cap: €582.9m

Manufactures and sells gas springs, dampers, electromechanical damper opening systems, vibration isolation products, and industrial components in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

ProCredit Holding

Market Cap: €574.8m

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

ABO Energy GmbH KGaA

Market Cap: €389.1m

Develops renewable energy projects in Germany and internationally.

NORMA Group

Market Cap: €359.4m

Manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Instone Real Estate Group

Market Cap: €343.1m

Develops residential real estate properties in Germany.

Medios

Market Cap: €304.0m

Supplies specialty pharmaceutical drugs primarily in Germany.

VIB Vermögen

Market Cap: €259.8m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

Eleving Group

Market Cap: €186.8m

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

Novem Group

Market Cap: €173.4m

Develops and supplies trim elements and decorative function elements in car interiors for automotive industry in Luxembourg and internationally.

H&R GmbH KGaA

Market Cap: €148.9m

Engages in the manufacture and sale of chemical-pharmaceutical raw materials and injection molded precision plastic parts in Europe, Africa, Asia, and internationally.

R. STAHL

Market Cap: €118.5m

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

CR Energy

Market Cap: €97.6m

An investment company, invests in technology companies in Germany.

Ringmetall

Market Cap: €95.9m

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

PWO

Market Cap: €89.4m

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

DATA MODUL Produktion und Vertrieb von elektronischen Systemen

Market Cap: €78.3m

Engages in the development, manufacture, and distribution of flatbed displays, monitors, electronic subassemblies, and information systems in Germany and internationally.

FORTEC Elektronik

Market Cap: €49.9m

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

MS Industrie

Market Cap: €49.4m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

ecotel communication ag

Market Cap: €43.6m

Provides marketing information and telecommunication solutions in Germany.