Italian Undervalued based on future growth

Iveco Group

Market Cap: €5.1b

Engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, specialty vehicles, combustion engines, alternative propulsion systems, transmissions, axles, and engines in Europe, South America, North America, and internationally.

MFE-Mediaforeurope

Market Cap: €2.0b

Operates in the television industry in Italy and Spain.

BFF Bank

Market Cap: €600.7m

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

CIR. - Compagnie Industriali Riunite

Market Cap: €578.4m

Through its subsidiaries, primarily operates in the automotive components and healthcare sectors in Italy, the rest of European countries, North America, South America, Asia, and internationally.

Next Geosolutions Europe

Market Cap: €566.4m

Provides marine geoscience and offshore construction support services in Europe, Asia, and North America.

Piaggio & C

Market Cap: €525.2m

Engages in development, manufacture, and distribution of two-wheeler and commercial motor vehicles.

Esprinet

Market Cap: €240.3m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Sogefi

Market Cap: €228.0m

Designs, develops, and produces filtration systems, suspension components, air intake products, and engine cooling systems for the automotive industry in Europe, South America, North America, China, and internationally.

Powersoft

Market Cap: €218.4m

Engages in the design, production, and marketing of power amplifiers, loudspeaker components, and software in Italy and internationally.

Emak

Market Cap: €133.9m

Manufactures and distributes machines, components, and accessories for gardening, agriculture, forestry, and industries worldwide.

Altea Green Power

Market Cap: €116.2m

Supplies and manages renewable energy plants in Italy and the United States.

Somec

Market Cap: €95.0m

Somec S.p.A. engineers, designs, and deploys turnkey projects in the civil and naval engineering in Italy, rest of Europe, North America, and internationally.

Recupero Etico Sostenibile

Market Cap: €88.9m

Provides waste management services in Italy.

Tesmec

Market Cap: €77.5m

Designs, manufactures, and sells products, technologies, and integrated solutions for the construction, maintenance, and efficiency of infrastructures related to the transport and distribution of energy, data, and material.

Edil San Felice

Market Cap: €77.0m

Engages in the civil and industrial construction business in Italy.

Iniziative Bresciane

Market Cap: €64.8m

Engages in the design, construction, and management of medium and small-sized hydroelectric plants in Italy.

ILPRA

Market Cap: €63.8m

Engages in the design, production, and sale of packaging machines worldwide.

Centrale del Latte d'Italia

Market Cap: €56.0m

Engages in the production, treatment, processing, and sale of milk, dairy, and food products in Italy, Germany, and internationally.

Magis

Market Cap: €55.6m

Engages in the manufacture and sale of adhesive tapes and similar products for disposable nappies and adult incontinence products.

IRCE

Market Cap: €51.8m

Engages in manufacturing and selling of winding wires and electrical cables in Italy, rest of European Union, and internationally.

Italian Sea Group

Market Cap: €48.3m

Operates in the yachting industry.

ErreDue

Market Cap: €47.5m

Provides on-site gas generation and purification products in Italy.

Svas Biosana

Market Cap: €44.0m

SVAS Biosana S.p.A. engages in the production and marketing of medical devices worldwide.

Promotica

Market Cap: €40.8m

Operates in the loyalty marketing sector in Italy.

Cyberoo

Market Cap: €39.7m

Provides managed and cyber security services in Italy.

Kruso Kapital

Market Cap: €39.4m

Operates as a bank that provides financing services.

Ecosuntek

Market Cap: €39.1m

Engages in the photovoltaic electricity generation activities in Italy and internationally.

DBA Group

Market Cap: €35.4m

Provides consultancy, architecture, engineering, and project management services.

Borgosesia

Market Cap: €33.4m

Primarily invests in non-performing and alternative assets.

Maps

Market Cap: €32.3m

A software solution provider, designs and develops technological solutions to support decision-making processes in public and private businesses and organizations.

Planetel

Market Cap: €27.4m

Offers IP communication and broadband Internet solutions in Italy.

Casta Diva Group

Market Cap: €24.6m

Operates as a communication company in Italy and internationally.

Pasquarelli Auto

Market Cap: €23.8m

Operates as a dealer of new, used, company, and 0 km cars in Italy.

IDNTT

Market Cap: €21.0m

Engages in the production of digital omnichannel contents for its clients in Italy, rest of Europe, and Switzerland.

Giocamondo Study S.r.l

Market Cap: €16.1m

Giocamondo Study SRL provides tour operator services.

Allcore

Market Cap: €15.7m

Through its subsidiaries, provides tax and business consulting services for small and medium-sized businesses in Italy.