European Penny Stocks With Market Caps Over €20M

Simply Wall St

As European markets experience a positive upswing, with the STOXX Europe 600 Index rising by 2.11% on strong corporate earnings and optimism surrounding geopolitical tensions, investors are exploring diverse opportunities across the continent. Penny stocks, often representing smaller or emerging companies, continue to capture interest due to their potential for growth and affordability. Despite the term's vintage connotation, these stocks remain relevant as they offer a unique blend of opportunity and risk for those seeking financial resilience in today's market landscape.

Top 10 Penny Stocks In Europe

NameShare PriceMarket CapRewards & Risks
Lucisano Media Group (BIT:LMG)€1.00€14.86M✅ 3 ⚠️ 4 View Analysis >
Maps (BIT:MAPS)€3.39€45.03M✅ 4 ⚠️ 2 View Analysis >
Angler Gaming (NGM:ANGL)SEK3.60SEK269.95M✅ 4 ⚠️ 2 View Analysis >
Angler Gaming (DB:0QM)€0.37€305.19M✅ 3 ⚠️ 2 View Analysis >
Cellularline (BIT:CELL)€3.03€63.91M✅ 4 ⚠️ 2 View Analysis >
Fondia Oyj (HLSE:FONDIA)€4.90€18.32M✅ 2 ⚠️ 3 View Analysis >
Bredband2 i Skandinavien (OM:BRE2)SEK3.28SEK3.14B✅ 4 ⚠️ 1 View Analysis >
Euroland Société anonyme (ENXTPA:ALERO)€3.24€10.28M✅ 2 ⚠️ 5 View Analysis >
Deceuninck (ENXTBR:DECB)€2.21€305.12M✅ 3 ⚠️ 1 View Analysis >
Netgem (ENXTPA:ALNTG)€0.95€32.04M✅ 4 ⚠️ 2 View Analysis >

Click here to see the full list of 341 stocks from our European Penny Stocks screener.

Let's review some notable picks from our screened stocks.

Vocento (BME:VOC)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Vocento, S.A. is an independent communications company that develops content and services in Spain, with a market cap of €77.10 million.

Operations: Vocento's revenue is primarily derived from its regional newspapers segment at €188.85 million, followed by ABC newspapers at €74.43 million, gastronomy at €16.43 million, digital services at €1.59 million, and supplements & magazines at €13.10 million.

Market Cap: €77.1M

Vocento, S.A., with a market cap of €77.10 million, has shown some positive developments despite being currently unprofitable. The company reported a net income of €6.4 million for the half year ended June 30, 2025, compared to a net loss in the previous year, indicating potential improvement in financial performance. Its short-term assets exceed both short- and long-term liabilities, suggesting reasonable liquidity management. However, its dividend is not well covered by earnings or free cash flows. Vocento trades at good value relative to peers and analysts expect stock price appreciation by 40.6%.

BME:VOC Debt to Equity History and Analysis as at Aug 2025

Catena Media (OM:CTM)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Catena Media plc, with a market cap of SEK149.48 million, offers affiliation marketing services for online sports betting and casino operators in North America and Latin America.

Operations: Catena Media's revenue is divided into two main segments: Casino, generating €33.53 million, and Sports, contributing €9.92 million.

Market Cap: SEK149.48M

Catena Media plc, with a market cap of SEK149.48 million, has faced challenges in profitability and revenue growth, reporting a Q1 2025 net loss of €0.764 million on sales of €9.81 million, down from €16 million the previous year. Despite its unprofitability and an inexperienced board and management team, Catena Media maintains strong liquidity with short-term assets (€35.7M) exceeding both short- and long-term liabilities (€24.2M and €387K respectively). The company's debt is well covered by operating cash flow (21.5%), though its return on equity remains negative at -38.31%. Recent board changes include the appointment of Søren Vilby as a director.

OM:CTM Revenue & Expenses Breakdown as at Aug 2025

3U Holding (XTRA:UUU)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: 3U Holding AG, with a market cap of €54.39 million, operates through its subsidiaries to offer telecommunication and information technology services both in Germany and internationally.

Operations: The company's revenue is primarily derived from its HVAC segment at €34.57 million, followed by Information and Telecommunications Technology (ITC) at €18.06 million, and Renewable Energies Excluding SHAC at €4.81 million.

Market Cap: €54.39M

3U Holding AG, with a market cap of €54.39 million, is navigating financial challenges as it reported a Q1 2025 net loss of €1.32 million on sales of €14.67 million, compared to a profit the previous year. Despite unprofitability and negative return on equity (-0.6%), its short-term assets (€60.7M) comfortably cover both short- and long-term liabilities (€14.1M and €26.3M respectively). The company recently expanded by purchasing property for its HVAC segment for €2.5 million, financed through equity and secured loans, indicating strategic growth intentions amidst ongoing operational hurdles in the European penny stock landscape.

XTRA:UUU Debt to Equity History and Analysis as at Aug 2025

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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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