German Undervalued over 20% based on DCF

CropEnergies

Market Cap: €1.2b

Manufactures and distributes bioethanol, derivatives, and other products from renewable raw materials in Germany and internationally.

Adtran Networks

Market Cap: €1.2b

Engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services.

ATOSS Software

Market Cap: €1.2b

Offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally.

SUSS MicroTec

Market Cap: €1.2b

Develops, manufactures, markets, and maintains systems to produce microelectronics, microelectromechanical systems, and related applications.

Douglas

Market Cap: €1.2b

Douglas AG retails beauty products in Europe.

thyssenkrupp nucera KGaA

Market Cap: €1.1b

Engages in the development, engineering, procurement, commissioning, and licensing of electrolysis technologies in Germany, Saudi Arabia, Sweden, the United States, and internationally.

ZEAL Network

Market Cap: €1.0b

Engages in the online lottery brokerage business in Germany.

MBB

Market Cap: €957.1m

Engages in the acquisition and management of medium-sized companies in Germany and internationally.

Eckert & Ziegler

Market Cap: €914.8m

Manufactures and sells isotope technology components in Europe, North America, Asia, and internationally.

SAF-Holland

Market Cap: €807.7m

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

2G Energy

Market Cap: €790.1m

Manufactures and provides decentralized energy supply systems in Germany and internationally.

INDUS Holding

Market Cap: €697.1m

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

Pilkington Deutschland

Market Cap: €677.6m

Engages in the manufacture and sale of glass and glazing solutions worldwide.

WashTec

Market Cap: €616.3m

Provides solutions for car wash in Germany, Europe, and North America.

Gerresheimer

Market Cap: €589.6m

Provides medicine packaging, drug delivery devices, and solutions in Germany and internationally.

Grenke

Market Cap: €577.0m

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

Nagarro

Market Cap: €568.7m

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

SGL Carbon

Market Cap: €478.1m

Manufactures and sells special graphite, carbon fiber, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally.

init innovation in traffic systems

Market Cap: €403.2m

Engages in the provision of intelligent transportation systems solutions for public transportation in Germany and internationally.

Hamborner REIT

Market Cap: €381.5m

HAMBORNER REIT AG is a publicly traded company listed on the SD AX, operating exclusively in the real estate sector and positioned as a holder of high-yield commercial properties.

ElringKlinger

Market Cap: €361.2m

Develops, manufactures, and sells components, modules, and systems for the automotive industry in Germany, rest of Europe, North America, the Asia-Pacific, and internationally.

Uzin Utz

Market Cap: €343.0m

Develops, manufactures, and sells construction chemical product systems in Germany, the United States, Netherlands, and internationally.

Novabase S.G.P.S

Market Cap: €338.9m

Through its subsidiaries, provides IT consulting and services in Portugal, rest of Europe, Africa, the Middle East, and internationally.

STEICO

Market Cap: €317.6m

Develops, produces, and markets ecological construction products made of renewable raw materials in Germany, Austria, Switzerland, Lichtenstein, France, Belgium, Netherlands, Luxemburg, South European countries, and internationally.

Formycon

Market Cap: €313.0m

A biotechnology company, develops biosimilar drugs in Germany and Switzerland.

Westwing Group

Market Cap: €274.4m

Engages in the home and living e-commerce retail in Europe and United Kingdom.

Funkwerk

Market Cap: €274.0m

Provides communication, information, and security systems in Germany, the European Union, the European Free Trade Association, and internationally.

SFC Energy

Market Cap: €254.1m

Develops, produces, and distributes systems and solutions for stationary and mobile off-grid power supply based on hydrogen and direct methanol fuel cells worldwide.

Allgeier

Market Cap: €201.3m

Provides information technology (IT) solutions and software services in Germany.

technotrans

Market Cap: €198.9m

Operates as a technology and services company worldwide.

Aumann

Market Cap: €168.6m

Manufactures and sells specialized machines and production lines for electromobility, automation, and robot applications in Germany, rest of Europe, the United States, Canada, Mexico, China, and internationally.

Surteco Group

Market Cap: €158.2m

Engages in the development, production, and sale of coated surface materials based on paper and plastic in Germany, rest of Europe, the United States, Asia, Australia, and internationally.

Gesco

Market Cap: €150.6m

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

Leifheit

Market Cap: €145.2m

Develops and distributes household products in Germany, Central and Eastern Europe, and internationally.

Branicks Group

Market Cap: €116.6m

Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets.

Nynomic

Market Cap: €103.1m

Manufactures and sells products for permanent, non-contact, and non-destructive optical measurement technology.