Italian Undervalued over 20% based on DCF

Recordati Industria Chimica e Farmaceutica

Market Cap: €10.4b

Researches, develops, produces, and sells pharmaceuticals in Italy, the United States, Spain, France, Germany, Russia, Ukraine, Turkey, Portugal, North Africa, and internationally.

ACEA

Market Cap: €4.2b

Operates as a multi-utility company in Italy.

Amplifon

Market Cap: €3.4b

Engages in the distribution of hearing solutions and the fitting of customized products that helps people to rediscover various emotions of sound in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Danieli & C. Officine Meccaniche

Market Cap: €2.5b

Designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.

MFE-Mediaforeurope

Market Cap: €1.8b

Operates in the television industry in Italy and Spain.

Ariston Holding

Market Cap: €1.6b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.

Rai Way

Market Cap: €1.6b

Owns and operates television and radio transmission and broadcasting networks in Italy and internationally.

SeSa

Market Cap: €1.1b

Distributes value-added information technology (IT) software and technologies in Italy and internationally.

Sanlorenzo

Market Cap: €1.1b

Designs, builds, and sells boats and pleasure boats in Italy, rest of Europe, the Asia-Pacific, the United States, the Middle East, and internationally.

Zignago Vetro

Market Cap: €714.1m

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

MARR

Market Cap: €613.0m

Engages in marketing and distribution of fresh, dried, and frozen food products for catering in Italy, the European Union, and internationally.

Arnoldo Mondadori Editore

Market Cap: €521.7m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Next Geosolutions Europe

Market Cap: €508.8m

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

doValue

Market Cap: €503.9m

Engages in the management of non-performing loans (NLP), unlikely to pay (UTP), early arrears, and performing loans for banks and investors in Italy, Spain, Greece, and Cyprus.

I.CO.P.. Società Benefit

Market Cap: €486.8m

Engages in providing construction and special engineering services to public and private clients in Italy and internationally.

Garofalo Health Care

Market Cap: €422.4m

Operates healthcare clinics in Italy.

A.L.A. società per azioni

Market Cap: €317.0m

Operates as a supply chain solutions provider to the aerospace and defense, and rail and high-tech sectors.

Powersoft

Market Cap: €256.3m

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

Orsero

Market Cap: €242.6m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

eVISO

Market Cap: €211.5m

Develops an artificial intelligence platform for the commodities market in Italy.

FNM

Market Cap: €182.7m

Engages in the railway mobility business in Italy.

Digital Bros

Market Cap: €182.0m

Develops, publishes, and distributes video games in Europe, the Americas, and internationally.

Expert.ai

Market Cap: €157.1m

An artificial intelligence (AI) platform company, develops and sells cognitive computing software products based on AI algorithms to read and understand written language worldwide.

Gefran

Market Cap: €147.0m

Engages in the design, production, and sale of automation components and industrial sensors in Italy, Europe, North America, South America, Asia, and internationally.

Banca Sistema

Market Cap: €138.9m

Provides various business and retail banking products and services in Italy.

Racing Force

Market Cap: €128.7m

Engages in the production of safety equipment for the racing and motorsport industry in the Americas, Asia, Oceania, Europe, the Middle East, and Africa.

Indel B

Market Cap: €99.4m

Manufactures and supplies cooling and refrigeration system worldwide.

Almawave

Market Cap: €92.9m

Provides artificial intelligence (AI), natural language processing, and big data solutions in Italy.

Edil San Felice

Market Cap: €88.0m

Engages in the civil and industrial construction business in Italy.

Elica

Market Cap: €87.7m

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

Misitano & Stracuzzi

Market Cap: €86.2m

Engages in the production and marketing of citrus essential oils, citrus juices, and aromatic solutions in Italy, European Countries, and internationally.

Iniziative Bresciane

Market Cap: €67.4m

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

Enervit

Market Cap: €66.6m

Engages in the research, development, production, marketing, and distribution of sports food supplement and functional nutrition products in Italy.

ILPRA

Market Cap: €66.2m

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

Cellularline

Market Cap: €62.6m

Manufactures and sells accessories for smartphones and tablets in Italy, Spain, Portugal, Germany, Eastern Europe, Switzerland, Benelux, Northern Europe, France, Great Britain, the Middle East, North America, and internationally.

Gentili Mosconi

Market Cap: €50.4m

Manufactures and sells printed and dyed fabrics in Italy, rest of European Union countries, and internationally.