My TOP 25 stocks for 2025
I am a big fan of a systematic approach. Over the years, I have developed a system for my investments in shares, ETFs and bonds. Investment decisions should be made without emotion and based on facts.
As a rule, I hold shares for the long term for years. However, there are also times when I trade news, for example, and only hold positions for the short term. I would describe myself 90% as an "investor" and only 10% as a "trader".
In my many years on the stock market, I have experienced a lot of ups and downs. It is therefore now very important to me that I can react flexibly and at short notice to changes on the markets. I have designed my investment portfolio (securities such as shares, ETFs, bonds, excluding real estate) accordingly.
My investment style is a mix of value/momentum investor. I place a high value on dividends, share buybacks and "skin in the game". This means I prefer stocks with a high insider share. The basic idea is that decision-makers should also bear a personal risk when they make decisions that have an impact on others.
My TOP 25 stocks are the stocks where I see the highest opportunities. Various criteria are taken into account when evaluating the stocks, such as
Sales growth
EBITDA growth
Profit growth
Dividend yield
FCF margin (free cash flow margin)
KGV
Enterprise value/EBITDA
Price/book value ratio
price potential (derived from the "fair P/E ratio") and
Relative strength
My basic idea when investing is to buy a share at a lower price than it is actually worth. I work with a "fair P/E ratio" (P/E ratio - price/earnings ratio), which should reflect the fair value of a share. If a fair P/E ratio of 15 is calculated for a company and it is currently trading on the stock exchange at a P/E ratio of 10, then it would be a good buy. The greater the gap between the fair and current P/E ratio, the cheaper I am buying! I use this "gap" to calculate the potential for future price gains, as the stock market recognizes the "fair P/E ratio" sooner and unfortunately sometimes later.
The weighting of "relative strength" increases more and more over the course of the year!
"Let profits run - limit losses"
What stands out in the top 25 stocks:
The shares come from many different sectors.
Most of the region's shares come from Canada.
Most shares are small or micro caps that "swim completely off the beaten track" and want to be discovered.
All shares are favorably valued and have a high price potential (at least doubling in the next 3 years) or a very high dividend yield.
9 of the top 25 stocks were also already in the 2024 vintage, see here.
My top 25 stocks by weighting for 2025 are:
1) Immersion Corporation $IMMR, ISIN: US4525211078
Immersion Corporation from the USA is a developer and provider of haptic technologies. The company develops, licenses and supports a range of software and intellectual property (IP) that fully address the user's sense of touch when operating digital devices.
The fundamental key figures for 2025 (own calculations):
P/E ratio (price/earnings ratio) < 3
EV/EBIDTA (enterprise value/EBIDTA) < 2
Sales growth 10%
Dividend yield 4.6%.
Highlight:
Insiders hold approx. 20% of the shares. Investment in Barnes & Noble Education approx. USD 55 million. The current market value after only 6 months is approx. 110 million USD with further high potential.
Detailed stock discussion:
(-‿-) Immersion☛ Good entry opportunity with a 4 x U share?
2) Aconnic $CFC, ISIN: DE000A0LBKW6
Aconnic AG, formerly UET United Electronic Technology AG, is a Germany-based holding company specializing in the provision of electronic products and services for telecommunications networks.
P/E RATIO < 5
EV/EBIDTA < 4
Sales growth 35%
Dividend yield 0 %.
Highlight:
Turnaround candidate. Insiders hold approx. 35% of the shares. Ban on Huawei components could become a strong growth driver. The potential is huge. Whether it can be realized remains to be seen.
Detailed stock discussion:
3) BQE Water $BTQNF, $BQE:CA, ISIN #CA0556402059
BQE Water Inc. is a Canadian-based service provider specializing in water treatment and management for the metal mining, smelting and refining industries. The company provides operational services for water treatment plants and offers technical services in the field of water management.
P/E RATIO < 12
EV/EBIDTA < 6
Sales growth 30%
Dividend yield 0 %.
Highlight:
Around 55% of the shares are in "firm hands". BQE Water operates in a "blue ocean" market. "Blue oceans" are understood as untouched markets or industries that have little to no competition. BQE has its own patents and the market appears to be huge. The percentage of recurring revenue is steadily increasing.
Detailed stock discussion:
(-‿-) Favorable valuation with rapid growth, but there is 1 problem
4) Birchtech $BCHT, ISIN #US59833H1014
Birchtech Corp. (formerly Midwest Energy Emissions Corp.) of Canada is an environmental technology company that develops and provides patented solutions for the global energy industry, specializing in technologies to eliminate mercury emissions.
P/E RATIO < 3
EV/EBIDTA < 3
Sales growth 46%
Dividend yield 0 %.
Highlight:
The CEO holds around 13% of the shares. Birchtech obtained a judgment in its favor in the amount of USD 57 million. In addition, it is estimated that other parties will reach a settlement for a further million US dollars. The current market capitalization is approx. 50 million!
5) McCoy $MCCRF, $MCB:CA, ISIN #CA57980Q1063
McCoy Global Inc. of Canada provides equipment and technologies that support well operations, improve well integrity and help collect critical data for the global energy industry. The company is transforming well construction using automation and machine learning to maximize well integrity and collect accurate connectivity data critical to the global energy industry.
P/E RATIO < 7
EV/EBIDTA < 4
Sales growth 10%
Dividend yield 3.3 %.
Highlight:
McCoy Global is leading the industry with new digital technology solutions.
6) Hafnia $HAFNI, ISIN: BMG4233B1090
Hafnia is a Norway-based company operating in the shipping industry. The group provides maritime transportation services for petroleum and chemical products.
P/E RATIO < 4
EV/EBIDTA < 4
Sales growth 0%
Dividend yield 24%.
Highlight:
High dividend yield. Profiteer from the tensions surrounding the Suez Canal/Russia (freight rates + freight routes).
7) Höegh Autoliners $HAUTO, ISIN: NO0011082075
Höegh Autoliners ASA from Norway specializes in the ownership, long-term chartering and operation of roll-on roll-off vessels for the transport of vehicles, construction machinery, industrial materials, mining equipment, etc. by sea.
P/E RATIO < 4
EV/EBIDTA < 4
Sales growth 4%
Dividend yield 31%.
Highlight:
High dividend yield.
8) Odfjell $ODF, ISIN: NO0003399909
Odfjell SE is a Norway-based company active in the shipping industry. The company is involved in the maritime transportation and storage of chemicals and other special fluids.
P/E RATIO < 3
EV/EBIDTA < 4
Sales growth 1%
Dividend yield 18%.
Highlight:
High dividend yield. Insiders hold approx. 56% of the shares. Profiteer of the tensions surrounding the Suez Canal/Russia (freight rates + freight routes).
9) Magellan Aerospace $MALJF, $MAL:CA, ISIN: CA5589122004
Magellan Aerospace Corporation of Canada is a global aerospace company that provides complex assemblies and system solutions to aircraft and engine manufacturers and defense and space agencies worldwide.
P/E RATIO < 10
EV/EBIDTA < 5
Sales growth 11%
Dividend yield 1.8%.
Highlight:
Insiders hold around 75% of the shares. Magellan Aerospace is favorably valued and shows high potential due to its involvement in important Boeing and Airbus programs.
10) MPH Health Care $93M1, ISIN: DE000A289V03,
MPH Health Care from Germany is an investment company. The companies listed on the stock exchange are M1 Kliniken AG and CR Capital AG.
P/E RATIO < 3
EV/EBIDTA < 2
Sales growth 20%
Dividend yield 8.8%.
Highlight:
At MPH, you can buy 1 euro for just 36 cents, as there is a considerable discount to the NAV (net asset value) or net asset value of the investments. Insiders hold around 60% of the shares.
Detailed stock discussion:
11) ProCredit Holding $PCZ, ISIN: DE0006223407,
ProCredit Holding AG is a Germany-based company primarily active in the financial services industry. The ProCredit group's activities include the financing of small and medium-sized enterprises (SMEs) and direct banking for private clients. It is active in South Eastern Europe, Eastern Europe, South America and Germany.
P/E RATIO < 4
EV/EBIDTA < 4
Sales growth -4%
Dividend yield 8.4%.
Highlight:
ProCredit is favorably valued and has a high dividend yield. ProCredit would benefit greatly from peace and reconstruction in Ukraine.
12) Dynacor Group $DNGDG, $DNG:CA, ISIN: CA26780B1067,
Dynacor Group Inc. is a Canadian-based industrial gold ore processor. The company is engaged in the production of gold through the processing of ore derived from artisanal and small-scale mining (ASM).
P/E RATIO < 7
EV/EBIDTA < 4
Sales growth 20%
Dividend yield 2.6%.
Highlight:
Dynacor has a favorable valuation, pays a monthly dividend and is growing strongly in the gold sector.
13) Mind Technology $MIND, ISIN: US6025663096,
Mind Technology, Inc. from the USA supplies technologies for the oceanographic, hydrographic, defense, seismic and security industries. The company offers marine technology products for ocean surveying, marine research and maritime defense.
P/E RATIO < 12
EV/EBIDTA < 4
Sales growth 25%
Dividend yield 0%.
Highlight:
MIND Technology has launched new high-tech products on the market that are in high demand. The order backlog is very high.
14) Viel & Cie $VIL, ISIN: FR0000050049,
Viel & Cie from France is an investment company specializing in the acquisition of long-term investments in companies in the financial sector.
P/E RATIO < 6
EV/EBIDTA < 3
Sales growth 12%
Dividend yield 4.7%.
Highlight:
Favorable valuation and significant discount to the NAV (net asset value) or net asset value of the investments.
15) Alphamin Resources $AFM, ISIN:MU0456S00006 ,
Alphamin Resources Corporation from Canada specializes in the acquisition, exploration and evaluation of tin deposits in the Democratic Republic of Congo.
P/E RATIO < 6
EV/EBIDTA < 3
Sales growth 17%
Dividend yield 15.8%.
Highlight:
Favorable valuation and high dividend yield. Tin as a raw material is indispensable for the electronics industry and new technologies (solar, batteries, semiconductors, etc.). As a result, demand is rising rapidly while supply is in short supply.
16) Total Energy Services $TOTZF, $TOT:CA, ISIN:CA89154B1022,
Total Energy Services is a Canadian-based energy services company. The company provides contract drilling, rental and transportation services, well servicing, compression and process equipment and services to the energy and other natural resource industries from operating centers in North America and Australia.
P/E RATIO < 6
EV/EBIDTA < 3
Sales growth 10%
Dividend yield 3.1%.
Highlight:
Favorable valuation, share buyback program and high cash flow.
17) Metals X $MLX, ISIN:AU0000MLX7,
Metals X Limited of Australia is a tin producer and owns a portfolio of assets from exploration to development. The company's principal activities include investments in a joint venture company operating a tin mine in Australia and investments in companies engaged in the exploration and development of gold and base metal projects in Australia.
P/E RATIO < 10
EV/EBIDTA < 2
Sales growth 35%
Dividend yield 0%.
Highlight:
Favorable valuation. Tin as a raw material is indispensable for the electronics industry and new technologies (solar, batteries, semiconductors, etc.). As a result, demand is rising rapidly while supply is in short supply.
18) M1 Kliniken $M12, ISIN:DE000A0STSQ8,
M1 Kliniken AG, is a Germany-based operator of healthcare facilities and provider of related services. The company operates a chain of medical centers for aesthetic and plastic treatments.
P/E RATIO < 11
EV/EBIDTA < 6
Sales growth 30%
Dividend yield 6.4%.
Highlight:
M1 Kliniken is experiencing strong growth and is planning to open numerous new clinics. There is also takeover potential, as private equity firms have expressed interest in the beauty segment of M1 Kliniken. Insiders hold approx. 69% of the shares.
19) Plan Optik $P4O, ISIN: DE000A0HGQS8,
Plan Optik is a Germany-based manufacturer of structured wafers made of glass, glass-silicon compounds or quartz. The company supplies various industries such as consumer electronics, the automotive industry, aerospace, chemicals and pharmaceuticals and offers components for numerous applications in microelectromechanics (MEMS).
P/E RATIO < 8
EV/EBIDTA < 4
Sales growth 25%
Dividend yield 0%.
Highlight:
Plan Optik has launched numerous development projects, but these generally take 5 to 8 years to reach mass production. 2024 will be a transition year before strong growth begins in 2025. Insiders hold approx. 18% of the shares.
Detailed stock review: (-‿-) Small but mighty!
20) Guillemot $GUI, ISIN: FR0000066722,
Guillemot Corporation specializes in the development and marketing of hardware and leisure accessories for PCs and consoles.
P/E RATIO < 11
EV/EBIDTA < 3
Sales growth 6%
Dividend yield 2.3%.
Highlight:
Market leader with a favorable valuation. The Guillemot family holds around 72% of the shares and is constantly buying more. I assume that there will be an offer for the free float at some point.
21) Porr AG $POS, ISIN: AT0000609607,
Porr AG is an Austrian holding and construction company. The company offers services in the fields of building construction, civil engineering, infrastructure construction, project development and environmental technology. The company has a number of branches in Central, Eastern and South-Eastern Europe.
P/E RATIO < 6
EV/EBIDTA < 2
Sales growth 2%
Dividend yield 5.8%.
Highlight:
Porr is favorably valued and would benefit greatly from peace and reconstruction in Ukraine.
22) Okeanis Eco Tankers $OET, ISIN: MHY641771016,
Okeanis Eco Tankers Corp is an international tanker company based in Greece, active in the crude oil shipping industry. The company operates and invests in tankers with the aim of owning, chartering and operating tankers.
P/E RATIO < 5
EV/EBIDTA < 5
Sales growth 16%
Dividend yield 25%.
Highlight:
High dividend yield. Profiteer from the tensions surrounding the Suez Canal/Russia (freight rates + freight routes). Insiders hold approx. 20% of the shares.
23) Enghouse Systems $EGHSF, $ENGH:CA ISIN: CA2929491041,
Enghouse Systems Limited of Canada provides vertical enterprise software solutions. The company has two segments: Interactive Management Group (IMG) and Asset Management Group (AMG). The IMG segment specializes in customer interaction software and services. The company's products include contact centers, video collaboration, video health monitoring, video room systems, interactive voice response, artificial intelligence, outbound dialers, attendant consoles, agent performance optimization, customer surveys, business intelligence and analytics.
P/E RATIO < 17
EV/EBIDTA < 9
Sales growth 2%
Dividend yield 4%.
Highlight:
The CEO holds 11.5% of the shares. Enghouse Systems has strong dividend growth and is valued very favorably compared to its competitors.
24) Gas Plus $GSP, ISIN: IT0004098510,
Gas Plus SpA is an Italy-based company operating in the natural gas sector. Its activities cover the entire energy chain, including the exploration and production of hydrocarbons, natural gas wholesale and supply, natural gas distribution and transportation, sales to end users and gas storage.
P/E RATIO < 5
EV/EBIDTA < 3
Sales growth 35%
Dividend yield 6.1%.
Highlight:
The Usberti family holds approx. 74% of the shares. High growth due to new gas fields in Romania and high gas prices in Europe.
25) MLP $MLP, ISIN: DE0006569908,
MLP SE is a holding company based in Germany that operates in the areas of investment management and fund providers. Through its subsidiaries, the company operates as a financial services provider offering financial products and solutions.
P/E RATIO < 8
EV/EBIDTA < 4
Sales growth 2%
Dividend yield 6.9%.
Highlight:
The Lautenschläger family holds approx. 29.3% of the shares. MLP is favorably valued and buys back shares. The topic of private old-age provision is playing an increasingly important role in Germany.
During the year, the system constantly checks whether there are currently better stocks on the market. The "bottom performer" at that time is then replaced by the new value.
No bells are rung on the stock exchange to exit. (-‿-)
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Disclaimer / Exclusion of liability
All content is for information purposes only and does not constitute investment advice or a solicitation to buy or sell securities or other financial market instruments. Naturally, I endeavor to present the facts to the best of my knowledge and belief, but they may still be partially or completely incorrect.
I therefore accept no liability whatsoever for investment decisions that you make on the basis of the information presented here.
Conflict of interest: At the time of publication, the author of this publication holds shares/securities in the stocks/companies discussed here and intends to sell them depending on the market situation and could benefit in particular from increased trading liquidity. This represents a concrete and clear conflict of interest.