German Undervalued over 20% based on DCF

Nynomic

Market Cap: €96.6m

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

CGRE

Market Cap: €90.0m

An investment company, engages in the design, development, and realization of urban districts in Germany.

CeoTronics

Market Cap: €89.1m

Manufactures and distributes electronic audio and video systems, and data transmission and communication solutions for difficult conditions in Germany, rest of Europe, and internationally.

Allgäuer Brauhaus

Market Cap: €65.3m

Engages in the production, bottling, and sale of beers, beer specialties, and non-alcoholic beverages in Germany.

capsensixx

Market Cap: €61.4m

Engages in the financial administration as a service business.

ALBIS Leasing

Market Cap: €60.2m

Through its subsidiaries, provides leasing, hire purchase, and rental solutions for medium-sized companies in Germany.

Alexanderwerk

Market Cap: €49.3m

Engages in the development, production, and sale of dry compaction and granulation machines for the chemical, food, life science, nuclear, and pharmaceutical industries worldwide.

ORBIS

Market Cap: €46.2m

Provides software and business consultancy services in Germany and internationally.

FORTEC Elektronik

Market Cap: €36.9m

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

Dierig Holding

Market Cap: €34.5m

Engages in textiles business in Germany, rest of Europe, and internationally.

SBF

Market Cap: €33.6m

Through its subsidiary, SBF Spezialleuchten GmbH, engages in the supply of lighting systems for rail vehicles, municipalities, railways, and industry in Germany.

Berentzen-Gruppe

Market Cap: €33.0m

Produces and distributes spirits and non-alcoholic beverages in Germany, rest of Europe Union, rest of Europe, and internationally.

Maternus-Kliniken

Market Cap: €25.8m

Operates retirement and nursing homes in Germany.

Gesundheitswelt Chiemgau

Market Cap: €25.0m

Engages in medicine and tourism businesses in Germany.

BENO Holding

Market Cap: €24.4m

Through its subsidiaries, engages in the rental of real estate properties for medium-sized companies in Germany.

ecotel communication ag

Market Cap: €23.7m

Engages in the marketing of information and telecommunications solutions for startups, and small and medium-sized companies in Germany and internationally.

DF Deutsche Forfait

Market Cap: €22.6m

Provides foreign trade finance and related services for exporters, importers, and other financial companies in Iran, Europe, Germany, and the Czech Republic.

FORIS

Market Cap: €15.2m

Provides legal financial services in Germany.

Private Assets SE KGaA

Market Cap: €12.5m

Operates as a management consulting and investment company.

Park & Bellheimer

Market Cap: €11.6m

Produces and distributes beer and non-alcoholic beverages in Germany.

aconnic

Market Cap: €10.2m

Provides telecommunication system solutions in Germany and internationally.

MedNation

Market Cap: €9.3m

Operates facilities for outpatient and inpatient orthopedics, geriatrics, and internal medicine in Germany.

Bavaria Venture Capital & Trade

Market Cap: €8.1m

Operates as an investment company.

DISO Verwaltungs

Market Cap: €6.7m

Designs, manufactures, and markets card personalization, card mailing systems, and ID card printers worldwide.

graceNT

Market Cap: €130.7k

Provides IT-based medical technology products in Switzerland.