Heidelberger Druckmaschinen AG

Heidelberger Druckmaschinen, based near Heidelberg, is the world's leading maker of sheet-fed printing presses, and it is trying to reinvent itself around packaging printing, software and even electric-vehicle charging as demand for traditional print declines. It remains a storied name in a structurally challenged industry. After years of losses and restructuring the dividend has been thin and irregular, reflecting a difficult turnaround, which leaves a low score. This is a recovery story for patient investors betting on the reshaped business rather than a dependable income stock.