Global Capital Goods Undervalued Small Caps

Orion Group Holdings

Market Cap: US$454.5m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

Gibraltar Industries

Market Cap: US$1.2b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Cirrus Aircraft

Market Cap: HK$15.1b

Manufactures and sells piston aircraft and single-engine turbine jets worldwide.

Binastra Corporation Berhad

Market Cap: RM 2.2b

An investment holding company, engages in general contractor and property developer, building and civil engineering works in turnkey projects in Malaysia.

Nolato

Market Cap: SEK 13.7b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

Alimak Group

Market Cap: SEK 12.0b

Designs, manufactures, sells, and services vertical access and working at height solutions worldwide.

Power Solutions International

Market Cap: US$1.8b

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

J. Kumar Infraprojects

Market Cap: ₹35.6b

Engages in the construction business in India.

Zehnder Group

Market Cap: CHF 780.3m

Develops, manufactures, and sells indoor climate systems in Europe, North America, and China.

Evergreen Aviation Technologies

Market Cap: NT$56.2b

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

Symal Group

Market Cap: AU$538.1m

Provides construction contracting, equipment hires, material sales, recycling, and remediation services to the civil construction industry in Australia.

Shanghai Hanbell Precise Machinery

Market Cap: CN¥13.1b

Shanghai Hanbell Precise Machinery Co., Ltd.

Ashtead Technology Holdings

Market Cap: UK£379.6m

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

Lucky Harvest

Market Cap: CN¥8.1b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Soilbuild Construction Group

Market Cap: S$642.0m

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

Eurocell

Market Cap: UK£111.4m

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.

Norcros

Market Cap: UK£266.9m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Jinlei Technology

Market Cap: CN¥9.4b

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

Hong Leong Asia

Market Cap: S$2.2b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.

Tai Sin Electric

Market Cap: S$260.0m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Energy Recovery

Market Cap: US$586.9m

Designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe.

Energiekontor

Market Cap: €537.7m

A project developer, engages in the planning, construction, and operation of wind and solar parks in Germany, Portugal, Scotland, and the united States.

R&S Group Holding

Market Cap: CHF 900.1m

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

Implenia

Market Cap: CHF 1.2b

Provides construction and real estate services in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally.

First Tractor

Market Cap: HK$14.0b

Engages in the manufacturing and sale of agricultural machinery and power machinery.

Dat Phuong Group

Market Cap: ₫5.1t

Engages in the real estate construction and development business in Vietnam.

MilDef Group

Market Cap: SEK 6.0b

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally.

Storskogen Group

Market Cap: SEK 15.8b

Owns and develops small and medium-sized businesses operating in trade, industry, and services business areas.

HMS Bergbau

Market Cap: €202.6m

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

TAT Technologies

Market Cap: US$580.5m

Provides solutions and services to the commercial and military aerospace and ground defense industries in the United States, Israel, and internationally.

Austal

Market Cap: AU$2.0b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Nordic Group

Market Cap: S$211.0m

Provides solutions in the areas of system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering, cleanroom, air and water engineering, and engineering and construction services.

Oswal Pumps

Market Cap: ₹42.4b

Manufactures and sells solar pumps in India.

Lindab International

Market Cap: SEK 12.5b

Manufactures and sells products and solutions for ventilation systems in Sweden, Denmark, Germany, France, the United Kingdom, Norway, Ireland, and internationally.

Chicony Power Technology

Market Cap: NT$32.0b

Engages in research, development, manufacturing, and trading of exchange-connected power supplies, electronic components and equipment, LED application products, and smart building systems in Taiwan, Asia, America, Europe, and internationally.

Scott Technology

Market Cap: NZ$212.8m

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