U.K. Capital Goods Undervalued Small Caps

Ashtead Technology Holdings

Market Cap: UK£354.7m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Morgan Advanced Materials

Market Cap: UK£571.7m

Manufactures and sells various carbon and ceramic products.

Senior

Market Cap: UK£624.2m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Eurocell

Market Cap: UK£157.9m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Renold

Market Cap: UK£101.9m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Chemring Group

Market Cap: UK£1.1b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.