Jungheinrich Could Still Do Some Heavy Lifting

Investors have started positioning for an expected recovery in short-cycle industrial markets, but as is typically the case, it has left some names overvalued and others overlooked. Germany’s Jungheinrich (OTC:JGHAF) (JUN3.XE) isn’t going to be the easiest stock for some investors to own or follow, but for those who can, it’s a name worth considering as a nearly pure play on improving economic metrics in Europe over the next few quarters.

To be clear, I look at Jungheinrich as more of a trade than a long-term buy at these levels. Discounted cash flow suggests a return potential on par with other quality industrials, but the shares look undervalued on an EV/EBITDA basis and the company’s strong historical past leverage to economic upswings is the real near-term attraction here.

Click here for more:
Jungheinrich Could Still Do Some Heavy Lifting