Italian Undervalued based on future growth

Nexi

Market Cap: €5.6b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.

Iveco Group

Market Cap: €4.9b

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

Saipem

Market Cap: €4.6b

Provides energy and infrastructure solutions worldwide.

MFE-Mediaforeurope

Market Cap: €2.6b

Operates in the television industry in Italy and Spain.

Piaggio & C

Market Cap: €726.9m

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

Zignago Vetro

Market Cap: €690.2m

Produces, markets, and sells hollow glass containers in Italy, rest of Europe, and internationally.

Next Geosolutions Europe

Market Cap: €576.0m

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

Digital Value

Market Cap: €318.1m

Provides information and communication technology (ICT) solutions and services in Italy.

Esprinet

Market Cap: €301.6m

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

Italian Sea Group

Market Cap: €265.5m

Operates in the yachting industry.

Dexelance

Market Cap: €168.6m

Develops and promotes a hub of Italian design furniture and lightings.

Emak

Market Cap: €159.9m

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

TREVI - Finanziaria Industriale

Market Cap: €156.1m

Operates in the soil engineering field.

Altea Green Power

Market Cap: €124.4m

Provides renewable energy systems for individuals, companies, institutions and investors in Italy.

Elica

Market Cap: €90.7m

Designs, manufactures, and sells kitchen aspiration systems in Europe, the Middle East, Africa, the United States, Asia, and internationally.

Recupero Etico Sostenibile

Market Cap: €83.3m

Provides waste management services in Italy.

Unidata

Market Cap: €83.0m

Operates as an Internet service provider in Italy.

Edil San Felice

Market Cap: €82.8m

Engages in the civil and industrial construction business in Italy.

Abitare In

Market Cap: €74.9m

Through its subsidiaries, engages in the real estate development activities in Italy.

ILPRA

Market Cap: €67.4m

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

Mare Engineering Group

Market Cap: €66.5m

Operates as an engineering consultancy company that provides various services in the consulting, digital, and industrial sectors in Italy, Brazil, the Czech Republic, and Slovakia.

IRCE

Market Cap: €57.6m

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

Star7

Market Cap: €53.1m

Provides engineering, product knowledge, global content, and printing services worldwide.

FAE Technology

Market Cap: €52.1m

Operates in the design, proof of concept (PoC) development, industrial design, prototyping, manufacturing, and solution delivery of embedded and custom electronic products in Italy.

Centrale del Latte d'Italia

Market Cap: €48.2m

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

Kruso Kapital

Market Cap: €45.5m

Operates as a bank that provides financing services.

ErreDue

Market Cap: €45.3m

Offers on-site production, mixing, and purification of technical gases solutions in Italy.

Svas Biosana

Market Cap: €44.0m

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

Ecosuntek

Market Cap: €42.8m

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

Gabetti Property Solutions

Market Cap: €39.8m

Through its subsidiaries, provides real estate services in Italy and internationally.

Promotica

Market Cap: €38.5m

Operates in the loyalty marketing sector in Italy.

Borgosesia

Market Cap: €28.0m

Primarily invests in non-performing and alternative assets.

DigiTouch

Market Cap: €27.7m

Provides digital marketing and transformation services in Italy.

Planetel

Market Cap: €26.3m

Offers IP communication and broadband Internet solutions in Italy.

Pasquarelli Auto

Market Cap: €19.6m

Operates as a dealer of new and used cars in Italy.

IDNTT

Market Cap: €18.0m

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