German Capital Goods Undervalued over 20% based on DCF

Siemens

Market Cap: €208.1b

A technology company, focuses in the areas of automation and digitalization across the world.

Siemens Energy

Market Cap: €127.2b

Operates as an energy technology company worldwide.

MTU Aero Engines

Market Cap: €18.6b

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

Knorr-Bremse

Market Cap: €16.7b

Develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.

TKMS & Co KGaA

Market Cap: €5.1b

Provides maritime technologies and solutions in Germany, Norway, Brazil, Israel, and internationally.

Krones

Market Cap: €3.5b

Plans, develops, manufactures, and sells machines and lines for the fields of process, filling, and packaging technology in Germany, the rest of Europe, the Middle East, the Asia Pacific, China, the Americas, and internationally.

SMA Solar Technology

Market Cap: €2.0b

Develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.

Wacker Neuson

Market Cap: €1.3b

Manufactures and distributes light and compact equipment in Germany, Austria, the United States, and internationally.

Dürr

Market Cap: €1.3b

Operates as a mechanical and plant engineering company worldwide.

2G Energy

Market Cap: €1.1b

Manufactures and provides decentralized energy supply systems in Germany and internationally.

Vossloh

Market Cap: €1.1b

Provides rail infrastructure products and services in Germany and internationally.

ASTA Energy Solutions

Market Cap: €905.5m

Produces and sells copper-based solutions for high-performance power transmission, generation, and e-mobility applications.

MBB

Market Cap: €897.2m

Engages in the acquisition and management of medium-sized companies in Germany and internationally.

Frequentis

Market Cap: €832.0m

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: €661.3m

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

NORMA Group

Market Cap: €599.0m

Manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

WashTec

Market Cap: €507.4m

Provides vehicle wash equipment in Europe, North America, and internationally.

STEICO

Market Cap: €270.1m

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

technotrans

Market Cap: €207.9m

Operates as a technology and services company in Germany, Europe, America, Asia, and internationally.

InnoTec TSS

Market Cap: €72.3m

Through its subsidiaries, produces and sells exterior door panels in Germany, Europe, and internationally.

SMT Scharf

Market Cap: €32.8m

Engages in the development, manufacture, and service of transportation equipment and logistics systems for underground mining and tunnel construction.