German Capital Goods Potentially Undervalued Small Caps

LION E-Mobility

Market Cap: €16.8m

Through its subsidiaries, engages in the development, production, and distribution of battery modules and packs, and battery management systems in Switzerland.

MS Industrie

Market Cap: €37.5m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

Muehlhan

Market Cap: €31.9m

Provides surface protection and industrial services worldwide.

SBF

Market Cap: €31.8m

Through its subsidiary, SBF Spezialleuchten GmbH, engages in the supply of lighting systems for rail vehicles, municipalities, railways, and industry in Germany.

FRIWO

Market Cap: €42.3m

Develops, manufactures, and sells smart power supplies units and drive solutions in Germany, rest of Europe, Asia, and internationally.

BigRep

Market Cap: €2.7m

Produces 3D printing solutions in Germany, the United States, and Singapore.

Greiffenberger

Market Cap: €2.3m

Through its subsidiaries, engages in the manufacture and distribution of precision strip steel, bimetal strip steel, and saw blades for industrial applications worldwide.