German Undervalued based on future growth

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: €14.8b

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: €14.7b

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

KION GROUP

Market Cap: €7.0b

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: €3.9b

Provides tourism services worldwide.

Aroundtown

Market Cap: €3.5b

Operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

Wacker Chemie

Market Cap: €3.2b

Provides chemical products 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.

Dürr

Market Cap: €1.5b

Operates as a mechanical and plant engineering company worldwide.

Wacker Neuson

Market Cap: €1.5b

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

Douglas

Market Cap: €1.1b

Operates as an omnichannel beauty company in Europe.

JOST Werke

Market Cap: €756.9m

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

SAF-Holland

Market Cap: €728.1m

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

Grenke

Market Cap: €725.4m

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

Deutsche Pfandbriefbank

Market Cap: €697.3m

Provides commercial real estate and public investment finance in Germany, rest of Europe.

Heidelberger Druckmaschinen

Market Cap: €658.9m

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.

Stabilus

Market Cap: €574.3m

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.

INDUS Holding

Market Cap: €573.8m

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

ProCredit Holding

Market Cap: €539.5m

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

Verve Group

Market Cap: €525.9m

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

Instone Real Estate Group

Market Cap: €409.8m

Develops residential real estate properties in Germany.

ABO Energy GmbH KGaA

Market Cap: €358.7m

Develops renewable energy projects in Germany and internationally.

Amadeus FiRe

Market Cap: €341.7m

Provides personnel and training services in Germany.

Medios

Market Cap: €334.1m

Supplies specialty pharmaceutical drugs primarily in Germany.

Angler Gaming

Market Cap: €305.9m

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

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.

M1 Kliniken

Market Cap: €253.5m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

VIB Vermögen

Market Cap: €242.6m

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

Eleving Group

Market Cap: €188.6m

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

Novem Group

Market Cap: €171.3m

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

PWO

Market Cap: €91.3m

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

Ringmetall

Market Cap: €88.4m

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

Nynomic

Market Cap: €82.4m

Manufactures and sells products for the spectroscopy, sensor technology, laboratory automation and medical technology, agriculture and environmental technology, and industrial markets worldwide.

YOC

Market Cap: €51.5m

Operates as a mobile advertising company in Germany and internationally.

FORTEC Elektronik

Market Cap: €49.6m

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