Global Capital Goods Healthy potentially undervalued

Altea Green Power

Market Cap: €121.8m

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

DEME Group

Market Cap: €3.5b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Sanwa Holdings

Market Cap: JP¥872.3b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

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.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.3b

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

Sinoma International EngineeringLtd

Market Cap: CN¥26.9b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.5b

Manufactures and sells power distribution in China and internationally.

GT Capital Holdings

Market Cap: ₱125.9b

A conglomerate, engages in the banking, automotive assembly, importation, distribution, dealership and financing, property development, life and non-life insurance, and infrastructure and utilities in the Philippines and internationally.

Palfinger

Market Cap: €1.2b

Produces and sells crane and lifting solutions in Austria and internationally.

Titan International

Market Cap: US$487.3m

Manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally.

Custom Truck One Source

Market Cap: US$1.4b

Provides specialty equipment rental and sale services to electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada.

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.

EMCOR Group

Market Cap: US$27.8b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Gates Industrial

Market Cap: US$5.7b

Manufactures and sells engineered power transmission and fluid power solutions worldwide.

Zbom Home CollectionLtd

Market Cap: CN¥4.0b

Engages in the research, development, production and sale of customized building products in China and internationally.

SFS Group

Market Cap: CHF 4.2b

Supplies precision components and assemblies, mechanical fastening systems, tools, and procurement solutions in Switzerland and internationally.

Hanwha Aerospace

Market Cap: ₩46.3t

Engages in the development, production, and maintenance of aircraft engines worldwide.

Beijing New Building Materials

Market Cap: CN¥42.2b

Manufactures and sells building materials in China and internationally.

Genuit Group

Market Cap: UK£805.3m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

INDUS Holding

Market Cap: €678.4m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Reliance Worldwide

Market Cap: AU$3.0b

Engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for the plumbing and heating industries.

Acrow

Market Cap: AU$319.2m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

HDC Hyundai Development

Market Cap: ₩1.3t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

DL E&CLtd

Market Cap: ₩1.7t

A construction company, provides engineering, procurement, and construction solutions in South Korea.

Webuild

Market Cap: €3.5b

Engages in the construction businesses worldwide.

Generac Holdings

Market Cap: US$8.2b

Designs, manufactures, and distributes energy technology products and solution worldwide.

Boise Cascade

Market Cap: US$2.7b

Engages in the manufacture and sale of engineered wood products and plywood and wholesale distribution of building materials in the United States and Canada.

Hanwha

Market Cap: ₩5.9t

Engages in the manufacture and sale of explosives and industrial machinery, trading, and general construction businesses.

Sany Renewable EnergyLtd

Market Cap: CN¥31.3b

Engages in the research and development, manufacture, and sale of wind turbines and generators in China.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩29.4t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Rosenbauer International

Market Cap: €468.2m

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

Ashtead Technology Holdings

Market Cap: UK£254.8m

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

Compagnie de Saint-Gobain

Market Cap: €42.5b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Fortune Brands Innovations

Market Cap: US$6.1b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.