Global Capital Goods Healthy potentially undervalued

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.

Sinoma International EngineeringLtd

Market Cap: CN¥19.2b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥20.5b

Manufactures and sells power distribution in China and internationally.

EuroGroup Laminations

Market Cap: €157.8m

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

DEME Group

Market Cap: €4.5b

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

Bouygues

Market Cap: €18.6b

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

Eiffage

Market Cap: €12.3b

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

Cadeler

Market Cap: NOK 22.2b

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

L3Harris Technologies

Market Cap: US$56.3b

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

Atmus Filtration Technologies

Market Cap: US$4.1b

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

Windey Energy Technology Group

Market Cap: CN¥9.6b

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

Bodycote

Market Cap: UK£1.1b

Provides heat treatment and thermal processing services worldwide.

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.

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.

Pentair

Market Cap: US$12.4b

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

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.

Titan International

Market Cap: US$464.1m

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$34.4b

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

Neway Valve (Suzhou)

Market Cap: CN¥39.5b

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

Innovative Aerosystems

Market Cap: US$329.0m

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

SNT Energy

Market Cap: ₩538.5b

Operates in the machinery industry.

Dajin Heavy IndustryLtd

Market Cap: CN¥40.7b

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

Beijing New Building Materials

Market Cap: CN¥30.8b

Manufactures and sells building materials in China.

Zhuzhou CRRC Times Electric

Market Cap: HK$75.6b

Engages in the provision of propulsion and control systems in Mainland China and internationally.

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.

Valmet Oyj

Market Cap: €4.0b

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.

Huntington Ingalls Industries

Market Cap: US$11.5b

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

Armstrong World Industries

Market Cap: US$6.8b

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

WSP Global

Market Cap: CA$24.1b

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

XJ Electric

Market Cap: CN¥21.6b

Provides energy and power and technology equipment in China and 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.

INDUS Holding

Market Cap: €654.8m

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

HD-Hyundai Marine Engine

Market Cap: ₩2.2t

Manufactures and sells marine engines, industrial facilities, and plants in South Korea and internationally.

Mueller Water Products

Market Cap: US$3.9b

Manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally.