Global Capital Goods Undervalued Small Caps

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.9b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Altea Green Power

Market Cap: €129.1m

Supplies and manages renewable energy plants in Italy and the United States.

Byrna Technologies

Market Cap: US$394.3m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Viglacera

Market Cap: ₫19.7t

Manufactures and sells building materials in Vietnam.

Soilbuild Construction Group

Market Cap: S$559.3m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

Ashtead Technology Holdings

Market Cap: UK£257.6m

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

Rosenbauer International

Market Cap: €478.4m

Engages in the provision of systems for preventive firefighting and disaster protection technology worldwide.

Tennant

Market Cap: US$1.4b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Jinlei Technology

Market Cap: CN¥9.3b

Engages in the research, development, manufacture, machining, and sale of wind turbine main shafts, and various castings and forgings in China and internationally.

People & Technology

Market Cap: ₩853.1b

Offers coating, calendaring, slitting, automation, and other machineries.

HD Hyundai Construction Equipment

Market Cap: ₩1.8t

HD Hyundai Construction Equipment Co., Ltd.

Cadeler

Market Cap: NOK 17.1b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

AKVA group

Market Cap: NOK 3.1b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م16.2b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

Insteel Industries

Market Cap: US$632.0m

Manufactures and markets steel wire reinforcing products for concrete construction applications.

Precision Tsugami (China)

Market Cap: HK$12.6b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.

Bossard Holding

Market Cap: CHF 1.2b

Provides industrial fastening and assembly solutions in Europe, the United States, and Asia.

Heidelberger Druckmaschinen

Market Cap: €597.7m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

EXEL Industries

Market Cap: €256.4m

Engages in the manufacture and sale of agricultural spraying equipment in France, the United Kingdom, the Netherlands, Denmark, Germany, Romania, the United States, Australia, and internationally.

R&S Group Holding

Market Cap: CHF 586.9m

Manufactures and supplies electrical infrastructure products the United Kingdom, Switzerland, Ireland, Italy, Poland, and the Middle East.

Bird Construction

Market Cap: CA$1.6b

Provides construction services in Canada.

Magellan Aerospace

Market Cap: CA$1.1b

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

HMS Bergbau

Market Cap: €215.3m

Engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide.

Power Solutions International

Market Cap: US$1.6b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Hantech

Market Cap: ₩364.2b

Produces and sells chemical process equipment/storage tanks and cryogenic containers in South Korea.

Scott Technology

Market Cap: NZ$235.5m

Engages in the design, manufacture, sale, and servicing of automated and robotic production lines and processes for various industries in New Zealand and internationally.

NORINCO International Cooperation

Market Cap: CN¥12.6b

Engages in the engineering construction and services, resources and equipment supply chain, power operations, and industrial manufacturing businesses in China and internationally.

LSI Industries

Market Cap: US$566.0m

Manufactures, markets, and sells non-residential lighting and retail display solutions in the United States.

Technocraft Industries (India)

Market Cap: ₹51.0b

Engages in scaffolding business in India and internationally.

Nikkiso

Market Cap: JP¥110.4b

Engages in industrial, aerospace, and medical businesses worldwide.

Cambi

Market Cap: NOK 2.7b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Evergreen Aviation Technologies

Market Cap: NT$53.9b

Provides aircraft maintenance services to airline partners in Taiwan and internationally.

Man Industries (India)

Market Cap: ₹28.7b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

Gesco

Market Cap: €155.3m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Trusco Nakayama

Market Cap: JP¥158.9b

Engages in the wholesale of work, measuring, and cutting tools; and auxiliary materials in Japan and internationally.

HD Hyundai Infracore

Market Cap: ₩2.6t

Engages in the manufacture and sale of industrial machinery and equipment in Korea, North America, Asia, Europe, and internationally.