Global Capital Goods Healthy potentially undervalued

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.3b

Engages in the research, development, manufacturing, and sale of various submarine and terrestrial cable products in China and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.0b

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¥19.0b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥18.9b

Manufactures and sells power distribution in China and internationally.

Eiffage

Market Cap: €11.5b

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

EuroGroup Laminations

Market Cap: €162.7m

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

DEME Group

Market Cap: €4.2b

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

Bouygues

Market Cap: €18.1b

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

Douglas Dynamics

Market Cap: US$994.6m

Operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America.

Cadeler

Market Cap: NOK 21.5b

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

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$54.2b

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

Flowserve

Market Cap: US$9.0b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.

China International Marine Containers (Group)

Market Cap: CN¥35.4b

Manufactures and sells logistics and energy equipment in China, America, Europe, Asia, and internationally.

Riyue Heavy IndustryLtd

Market Cap: CN¥9.5b

Engages in the research and development, production, and sale of large-scale heavy industry equipment castings in China.

Neway Valve (Suzhou)

Market Cap: CN¥34.5b

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

Windey Energy Technology Group

Market Cap: CN¥8.3b

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

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.

Worthington Enterprises

Market Cap: US$2.7b

Operates as an industrial manufacturing company.

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.

Titan International

Market Cap: US$472.5m

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

Bodycote

Market Cap: UK£1.1b

Provides heat treatment and thermal processing services worldwide.

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Contemporary Amperex Technology

Market Cap: CN¥1.7t

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

EMCOR Group

Market Cap: US$34.7b

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

AtkinsRéalis Group

Market Cap: CA$14.3b

Provides professional services and project management, and capital investment services in the United Kingdom, Canada, the United States, Saudi Arabia, and internationally.

Beijing New Building Materials

Market Cap: CN¥29.7b

Manufactures and sells building materials in China.

SNT Energy

Market Cap: ₩526.6b

Operates in the machinery industry.

Yizumi Holdings

Market Cap: CN¥9.0b

Engages in designs, researches and develops, manufactures, sells, and services of various molding machines in China and internationally.

Dajin Heavy IndustryLtd

Market Cap: CN¥30.8b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$65.4b

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

Dassault Aviation société anonyme

Market Cap: €22.0b

An aerospace company, engages in designing and building military aircraft, business jets, and space systems in France, the United States, and internationally.

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.

Howden Joinery Group

Market Cap: UK£4.4b

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

Granite Construction

Market Cap: US$5.4b

Provides infrastructure solutions for public and private clients in the United States.

Ariston Holding

Market Cap: €1.2b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.