German Capital Goods Undervalued Small Caps

Heidelberger Druckmaschinen

Market Cap: €614.8m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

HMS Bergbau

Market Cap: €211.7m

Engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide.

Gesco

Market Cap: €150.6m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

MAX Automation

Market Cap: €165.0m

Engages in the provision of automation solutions for the automotive, electrical, recycling, raw materials recovery, packaging, and medical technology industries.

DEUTZ

Market Cap: €1.3b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Steyr Motors

Market Cap: €188.8m

Engages in manufacturing and selling diesel engines for commercial and military vehicles worldwide.