Discover 3 European Penny Stocks With Market Caps Over €50M

As European markets edge closer to record highs, driven by positive sentiment about future earnings and economic prospects, investors are increasingly exploring diverse opportunities. Penny stocks, often associated with smaller or newer companies, continue to intrigue those seeking growth at lower price points. Despite being a somewhat outdated term, these stocks can still offer significant potential when backed by strong financials and fundamentals.

Click here to see the full list of 286 stocks from our European Penny Stocks screener.

Let’s uncover some gems from our specialized screener.

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

Overview: Cyberoo S.p.A. offers managed and cybersecurity services in Italy, with a market cap of €58.38 million.

Operations: The company generates revenue from Managed Services (€4.57 million), Digital Transformation (€0.11 million), and Cyber Security & Device Security (€18.13 million).

Market Cap: €58.38M

Cyberoo S.p.A., with a market cap of €58.38 million, showcases a promising profile in the penny stock segment. It generates significant revenue from Cyber Security & Device Security (€18.13 million), indicating a solid business foundation beyond pre-revenue status. The company’s earnings growth of 4.2% over the past year outpaces the broader IT industry’s decline, although it falls short of its impressive five-year average growth rate of 47.6%. While its net profit margin slightly decreased to 15.1%, Cyberoo maintains good value with a price-to-earnings ratio below the Italian market average and demonstrates robust debt coverage through operating cash flow and EBIT.

BIT:CYB Debt to Equity History and Analysis as at Jan 2026

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

Overview: Hove A/S develops, produces, and supplies advanced lubrication solutions for heavy machinery both in Denmark and internationally, with a market cap of DKK 124.65 million.

Operations: The company generates revenue of DKK 204.35 million from its Machinery & Industrial Equipment segment.

Market Cap: DKK124.65M

Hove A/S, with a market cap of DKK 124.65 million, has demonstrated solid financial management and growth potential in the penny stock arena. The company reported third-quarter sales of DKK 57.03 million, up from DKK 44.67 million a year ago, with net income slightly lower at DKK 5.1 million compared to DKK 5.37 million previously. Hove’s earnings growth over the past year (9.9%) surpasses industry averages and its debt levels are well-managed with cash exceeding total debt and operating cash flow covering debt by a very large margin, indicating financial stability despite modest profit margins at 4.4%.

CPSE:HOVE Financial Position Analysis as at Jan 2026

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

Overview: Eniro Group AB (publ) is a software-as-a-service company operating in Sweden, Norway, Denmark, and Finland with a market cap of SEK 283.92 million.

Operations: The company’s revenue is derived from two main segments: Dynava, contributing SEK 334 million, and Marketing Partner, generating SEK 617 million.

Market Cap: SEK283.92M

Eniro Group AB, with a market cap of SEK 283.92 million, showcases potential in the penny stock sector through its substantial earnings growth of 38.8% over the past year, outpacing industry norms. Despite a slight dip in net income for Q3 2025 to SEK 22 million from SEK 30 million the previous year, Eniro maintains high-quality earnings and improved profit margins at 7.2%. The company is debt-free and trades significantly below estimated fair value. However, short-term liabilities slightly exceed assets by SEK 21 million and management’s average tenure is only 0.6 years, indicating recent leadership changes.

OM:ENRO Financial Position Analysis as at Jan 2026

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.

Companies discussed in this article include BIT:CYB CPSE:HOVE and OM:ENRO.

This article was originally published by Simply Wall St.

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