As European markets navigate a landscape marked by geopolitical tensions and economic shifts, investors are increasingly seeking opportunities in lesser-known segments. Penny stocks, though often considered a relic of past market eras, remain relevant due to their potential for growth at lower price points. When these smaller or newer companies boast strong balance sheets and solid fundamentals, they can offer compelling prospects for those willing to explore beyond the mainstream indices.
Top 10 Penny Stocks In Europe
| Name | Share Price | Market Cap | Rewards & Risks |
| Maps (BIT:MAPS) | €3.48 | €46.22M | ✅ 4 ⚠️ 2 View Analysis > |
| Angler Gaming (NGM:ANGL) | SEK3.69 | SEK276.69M | ✅ 4 ⚠️ 2 View Analysis > |
| Cellularline (BIT:CELL) | €2.74 | €57.79M | ✅ 4 ⚠️ 2 View Analysis > |
| Fondia Oyj (HLSE:FONDIA) | €4.74 | €17.72M | ✅ 2 ⚠️ 3 View Analysis > |
| Abak (WSE:ABK) | PLN4.20 | PLN11.32M | ✅ 2 ⚠️ 4 View Analysis > |
| Bredband2 i Skandinavien (OM:BRE2) | SEK2.43 | SEK2.33B | ✅ 4 ⚠️ 1 View Analysis > |
| Hifab Group (OM:HIFA B) | SEK3.56 | SEK216.59M | ✅ 2 ⚠️ 2 View Analysis > |
| Euroland Société anonyme (ENXTPA:ALERO) | €3.28 | €10.41M | ✅ 2 ⚠️ 5 View Analysis > |
| Deceuninck (ENXTBR:DECB) | €2.085 | €287.86M | ✅ 3 ⚠️ 1 View Analysis > |
| Netgem (ENXTPA:ALNTG) | €0.988 | €33.32M | ✅ 3 ⚠️ 2 View Analysis > |
Click here to see the full list of 327 stocks from our European Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
illimity Bank (BIT:ILTY)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: illimity Bank S.p.A. offers private banking and investment and trading services in Italy, with a market cap of €302.50 million.
Operations: illimity Bank S.p.A. does not report specific revenue segments.
Market Cap: €302.5M
illimity Bank S.p.A., with a market cap of €302.50 million, has demonstrated financial stability through its primarily low-risk funding sources, mainly customer deposits. Despite being unprofitable, the bank has reduced losses over the past five years and maintains an appropriate loans to deposits ratio of 106%. However, challenges remain with a high level of bad loans at 15.5% and a negative return on equity at -8.73%. Recent earnings showed net interest income of €35.37 million but a significant drop in net income to €0.261 million from €10.75 million year-on-year, indicating ongoing profitability issues.
- Click here to discover the nuances of illimity Bank with our detailed analytical financial health report.
- Understand illimity Bank's earnings outlook by examining our growth report.
Tecnotree Oyj (HLSE:TEM1V)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Tecnotree Oyj offers telecommunication IT solutions focused on charging, billing, customer care, and messaging and content services across Europe, the Americas, the Middle East, Africa, and the Asia Pacific with a market cap of €67.86 million.
Operations: The company's revenue is divided into two main segments: €14.73 million from Europe and the Americas, and €57.43 million from the Middle East, Africa, and Asia Pacific regions.
Market Cap: €67.86M
Tecnotree Oyj, with a market cap of €67.86 million, has experienced recent volatility but remains financially stable with short-term assets of €92.2 million exceeding both short and long-term liabilities. The company has secured several significant contracts, including a USD 19.6 million agreement to deploy its digital BSS platform across Europe and a EUR 39.6 million deal in South Africa over seven years. Despite low return on equity at 8.8% and declining earnings over five years, Tecnotree's debt management is satisfactory with net debt to equity at 10.2%, supported by well-covered interest payments and operating cash flow coverage of debt at 56.7%.
- Click here and access our complete financial health analysis report to understand the dynamics of Tecnotree Oyj.
- Evaluate Tecnotree Oyj's prospects by accessing our earnings growth report.
Heidelberg Pharma (XTRA:HPHA)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Heidelberg Pharma AG is a biopharmaceutical company specializing in oncology and antibody targeted amanitin conjugates (ATAC) with operations in Germany, the United States, and internationally, and has a market cap of €193.41 million.
Operations: The company's revenue is primarily derived from its ADC Technology and Customer Specific Research segment, generating €6.85 million.
Market Cap: €193.41M
Heidelberg Pharma AG, with a market cap of €193.41 million, is navigating the biopharmaceutical landscape with its proprietary Amanitin-based ADC technology. Despite being unprofitable and experiencing increased losses over five years, the company shows potential through active clinical developments like HDP-102 for non-Hodgkin lymphoma. Recent presentations at key industry forums highlight ongoing efforts to advance their drug pipeline. The company's financial position is bolstered by short-term assets of €39.7 million exceeding liabilities, though it faces challenges with less than a year of cash runway and no significant revenue streams beyond its ADC technology segment (€6.85 million).
- Get an in-depth perspective on Heidelberg Pharma's performance by reading our balance sheet health report here.
- Learn about Heidelberg Pharma's future growth trajectory here.
Make It Happen
- Reveal the 327 hidden gems among our European Penny Stocks screener with a single click here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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