Discovering 3 European Penny Stocks With Market Caps Under €400M

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As European markets experience a mix of gains and losses, the pan-European STOXX Europe 600 Index has risen for the fourth consecutive week, driven by hopes of easing trade tensions. In this context, investors may find opportunities in penny stocks—an investment area that, despite its old-fashioned name, remains relevant today. Penny stocks often represent smaller or newer companies with potential for growth when backed by strong financials.

Top 10 Penny Stocks In Europe

Name

Share Price

Market Cap

Financial Health Rating

Bredband2 i Skandinavien (OM:BRE2)

SEK2.295

SEK2.2B

★★★★☆☆

Transferator (NGM:TRAN A)

SEK2.95

SEK285.45M

★★★★★☆

Angler Gaming (NGM:ANGL)

SEK3.71

SEK278.19M

★★★★★★

Hifab Group (OM:HIFA B)

SEK3.46

SEK210.5M

★★★★★★

Tesgas (WSE:TSG)

PLN2.46

PLN27.92M

★★★★★☆

IMS (WSE:IMS)

PLN3.70

PLN125.41M

★★★★☆☆

Cellularline (BIT:CELL)

€2.64

€55.68M

★★★★★☆

Netgem (ENXTPA:ALNTG)

€0.99

€33.15M

★★★★★★

Fondia Oyj (HLSE:FONDIA)

€4.60

€17.2M

★★★★★★

Deceuninck (ENXTBR:DECB)

€2.22

€306.5M

★★★★★★

Click here to see the full list of 442 stocks from our European Penny Stocks screener.

We'll examine a selection from our screener results.

IRCE

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

Overview: IRCE S.p.A. manufactures and sells winding wires and electrical cables in Italy, the rest of the European Union, and internationally, with a market cap of €55.02 million.

Operations: The company's revenue is derived from two main segments: Winding Wires, generating €319.29 million, and Cables, contributing €78.36 million.

Market Cap: €55.02M

IRCE S.p.A., with a market cap of €55.02 million, operates in the winding wires and cables segments, generating substantial revenues of €319.29 million and €78.36 million respectively. Despite a recent decline in net income to €6.9 million for 2024, the company maintains strong financial health with short-term assets exceeding both short- and long-term liabilities significantly. The debt is well-covered by operating cash flow, and interest payments are comfortably managed by EBIT at 6.8 times coverage. Trading at a low price-to-earnings ratio of 8x compared to the Italian market average of 15.5x suggests good relative value for investors interested in penny stocks within Europe’s electrical industry landscape.

BIT:IRC Revenue & Expenses Breakdown as at May 2025
BIT:IRC Revenue & Expenses Breakdown as at May 2025

Catenon

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

Overview: Catenon, S.A. is a technology-based company that offers recruitment services both in Spain and internationally, with a market cap of €20.28 million.