Global Capital Goods Healthy potentially undervalued

Bouygues

Market Cap: €18.4b

Operates in the construction, energies and services, telecom, and media sectors in France and internationally.

Eiffage

Market Cap: €12.2b

Engages in the construction and concessions businesses in France, Germany, Europe, and internationally.

Atmus Filtration Technologies

Market Cap: US$4.1b

Designs, manufactures, and sells filtration products under the Fleetguard brand in the United States and internationally.

L3Harris Technologies

Market Cap: US$54.4b

Provides mission-critical solutions for government and commercial customers worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥19.2b

Operates in the cement technology equipment and engineering services industry in China and internationally.

Cadeler

Market Cap: NOK 21.2b

Operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥20.5b

Manufactures and sells power distribution in China and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.3b

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

EuroGroup Laminations

Market Cap: €153.7m

Engages in the design, production, and distribution of motor cores for electric motors and generators.

DEME Group

Market Cap: €4.4b

Provides marine solutions in Belgium, Europe, Africa, the United States, Asia, and the Middle East.

Pentair

Market Cap: US$12.3b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Worthington Enterprises

Market Cap: US$2.7b

Operates as an industrial manufacturing company.

Titan International

Market Cap: US$493.7m

Manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally.

EMCOR Group

Market Cap: US$35.7b

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

Windey Energy Technology Group

Market Cap: CN¥9.6b

Researches, develops, manufactures, and sells wind turbines in China.

Grafton Group

Market Cap: UK£1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Contemporary Amperex Technology

Market Cap: CN¥1.8t

Engages in the research, development, production, and sale of electric vehicle and energy storage system batteries in China and internationally.

Bodycote

Market Cap: UK£1.1b

Provides heat treatment and thermal processing services worldwide.

Neway Valve (Suzhou)

Market Cap: CN¥39.5b

Researches, develops, produces, and sells industrial valves in the People’s Republic of China and internationally.

Armstrong World Industries

Market Cap: US$6.7b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

Howden Joinery Group

Market Cap: UK£4.5b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Huntington Ingalls Industries

Market Cap: US$11.0b

Designs, builds, overhauls, and repairs military ships in the United States.

Innovative Aerosystems

Market Cap: US$329.6m

Engages in the engineering, manufacturing, and supply of advanced avionic solutions.

WSP Global

Market Cap: CA$23.7b

Operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally.

Beijing New Building Materials

Market Cap: CN¥30.8b

Manufactures and sells building materials in China.

Dajin Heavy IndustryLtd

Market Cap: CN¥40.7b

Manufactures and sells wind and photovoltaic power generation equipment in China and internationally.

SNT Energy

Market Cap: ₩538.5b

Operates in the machinery industry.

Valmet Oyj

Market Cap: €3.9b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

DEUTZ

Market Cap: €1.4b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

INDUS Holding

Market Cap: €638.6m

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

AECOM

Market Cap: US$8.6b

Provides professional infrastructure consulting services for governments, businesses, and organizations internationally.

Tae Kwang

Market Cap: ₩629.9b

Manufactures, supplies, and sells butt weld pipe fittings for oil and gas, chemical and petrochemical, power plant, and shipbuilding businesses in Korea and internationally.

PC1 Group

Market Cap: ₫9.0t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.

XJ Electric

Market Cap: CN¥21.6b

Provides energy and power and technology equipment in China and internationally.

Nexans

Market Cap: €6.0b

Manufactures and sells cables in France, Canada, Norway, Italy, and internationally.