Global Capital Goods Undervalued Small Caps

Viglacera

Market Cap: ₫20.6t

Manufactures and sells building materials in Vietnam.

Toyo Tanso

Market Cap: JP¥94.9b

Produces and sells carbon materials in Japan and internationally.

Shanghai Hanbell Precise Machinery

Market Cap: CN¥12.1b

Shanghai Hanbell Precise Machinery Co., Ltd.

Cambi

Market Cap: NOK 2.6b

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

Nihon Dengi

Market Cap: JP¥99.4b

Engages in the design and construction of automatic control systems in Japan.

Tokyu Construction

Market Cap: JP¥118.4b

Engages in the civil engineering and building construction businesses in Japan.

Matsuya R&DLtd

Market Cap: JP¥17.2b

Develops, manufactures, and sells stitching systems for automobile safety devices in Japan.

Nikkiso

Market Cap: JP¥97.3b

Engages in industrial, aerospace, and medical businesses worldwide.

Technocraft Industries (India)

Market Cap: ₹54.7b

Engages in scaffolding business in India and internationally.

VBG Group

Market Cap: SEK 9.2b

Develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, the United States, rest of North America, Brazil, Australia, New Zealand, China, and internationally.

VITZROCELLLtd

Market Cap: ₩607.7b

Engages in the production and sale of lithium batteries in South Korea.

TOCALOLtd

Market Cap: JP¥122.8b

Develops surface modifying technologies in Japan and internationally.

Sanko Gosei

Market Cap: JP¥24.8b

Engages in the molding and sale of plastic products and plastic molding dies in Japan and internationally.

TK Group (Holdings)

Market Cap: HK$2.1b

An investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components.

Lucky Harvest

Market Cap: CN¥10.1b

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

KONCAR - Elektroindustrija d.d

Market Cap: €1.7b

Provides products, services, and solutions for power generation, power transmission and distribution, urban mobility and infrastructure, and digital solutions and platforms in Croatia.

Multiconsult

Market Cap: NOK 4.2b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Phoenix Mecano

Market Cap: CHF 389.8m

Manufactures and sells components for industrial customers worldwide.

AKVA group

Market Cap: NOK 3.2b

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

Koninklijke Heijmans

Market Cap: €1.6b

Engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally.

Alligo

Market Cap: SEK 5.6b

Engages in the provision of workwear, personal protective equipment, tools, and consumables in Finland, Sweden, and Norway.

Shoals Technologies Group

Market Cap: US$1.3b

Provides electrical balance of system (EBOS) solutions and components in the United States and internationally.

Savaria

Market Cap: CA$1.5b

Provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally.

APT Electronics

Market Cap: HK$1.6b

Manufactures and sells intelligent vision products and system solutions in Mainland China and internationally.

Service Stream

Market Cap: AU$1.3b

Engages in the design, construction, operation, and maintenance of infrastructure networks across the telecommunications, utilities, and transport sectors in Australia.

Zhejiang Dayuan Pumps Industry

Market Cap: CN¥7.0b

Research, develops, manufactures, and sells water pumps under the Dayuan and Xinhu names in China.

Civmec

Market Cap: AU$695.6m

An investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia.

Takaoka Toko

Market Cap: JP¥54.0b

Engages in the power equipment, metering, GX solutions, and applied optical inspection equipment businesses.

Bossard Holding

Market Cap: CHF 1.2b

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

Nyab

Market Cap: SEK 4.1b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.7b

Together with its subsidiary, engages in the design, production, sale, and servicing of distribution, special, and medium power transformers.

Insteel Industries

Market Cap: US$594.7m

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

Morimatsu International Holdings

Market Cap: HK$11.5b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Maezawa Industries

Market Cap: JP¥33.3b

Designs, manufactures, sells, and installs equipment and apparatus for water supply and sewage systems in Japan and internationally.

Nishio Holdings

Market Cap: JP¥116.3b

Engages in the construction machinery rental business in Japan and internationally.

HMS Bergbau

Market Cap: €240.8m

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