German Capital Goods Undervalued over 20% based on DCF

Siemens

Market Cap: €180.7b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Siemens Energy

Market Cap: €75.9b

Operates as an energy technology company worldwide.

Daimler Truck Holding

Market Cap: €32.0b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

MTU Aero Engines

Market Cap: €20.7b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Traton

Market Cap: €15.9b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

HOCHTIEF

Market Cap: €15.7b

Engages in the construction business worldwide.

Hensoldt

Market Cap: €9.8b

Provides sensor solutions for defense and security applications worldwide.

KION GROUP

Market Cap: €7.7b

Provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific.

Nordex

Market Cap: €5.4b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

Krones

Market Cap: €4.1b

Engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology for the food and beverage industry in Germany and internationally.

Dürr

Market Cap: €1.6b

Operates as a mechanical and plant engineering company worldwide.

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.

PNE

Market Cap: €1.2b

Engages in the planning, construction, and operation of wind farms and transformer stations in Germany and internationally.

PFISTERER Holding

Market Cap: €1.1b

Manufactures and sells cable fittings, insulators for overhead lines, and associated components for sensitive interfaces in energy networks and renewable energy generation.

Frequentis

Market Cap: €767.0m

Develops and markets communication and information systems for safety-critical control centers in Europe, North America, Asia, Australia, South America, Middle East, Africa, and worldwide.

Pilkington Deutschland

Market Cap: €672.2m

Engages in the manufacture and sale of glass and glazing systems worldwide.

WashTec

Market Cap: €527.3m

Provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific.

Circus

Market Cap: €349.7m

A technology company, develops and delivers autonomous solutions for the food service market.

STEICO

Market Cap: €345.7m

Develops, produces, and markets ecological construction products made of renewable raw materials in Germany, Austria, Switzerland, Lichtenstein, France, Belgium, Netherlands, Luxemburg, South European countries, and internationally.

MAX Automation

Market Cap: €236.7m

Engages in the provision of automation solutions for the automotive, electrical, recycling, raw materials recycling, packaging, and medical technology industries in Germany, rest of the European Union, North America, China, and internationally.

technotrans

Market Cap: €158.2m

Operates as a technology and services company worldwide.

Masterflex

Market Cap: €129.8m

Develops, manufactures, and distributes high-tech hoses and connecting systems for various industrial and manufacturing applications in Germany, Rest of Europe, and internationally.

KHD Humboldt Wedag International

Market Cap: €96.9m

Provides engineering products and services for the cement industry.

InnoTec TSS

Market Cap: €68.9m

Through its subsidiaries, produces and sells exterior door panels for the construction industry in Germany, Europe, and internationally.