Global Capital Goods Healthy potentially undervalued

Eiffage

Market Cap: €11.7b

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

Bouygues

Market Cap: €18.6b

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

Atmus Filtration Technologies

Market Cap: US$4.2b

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

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.

DEME Group

Market Cap: €4.3b

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

EuroGroup Laminations

Market Cap: €165.9m

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.6b

Engages in the research, development, production, and sale of power transmission, distribution, and control equipment in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥20.9b

Manufactures and sells power distribution in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥20.1b

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

L3Harris Technologies

Market Cap: US$51.7b

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

Flowserve

Market Cap: US$8.6b

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

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥31.2b

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

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Titan International

Market Cap: US$499.5m

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

EMCOR Group

Market Cap: US$33.8b

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

AtkinsRéalis Group

Market Cap: CA$14.4b

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

Windey Energy Technology Group

Market Cap: CN¥8.7b

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

China International Marine Containers (Group)

Market Cap: CN¥35.8b

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

Dat Phuong Group

Market Cap: ₫3.2t

Engages in the real estate construction and development business in Vietnam.

Neway Valve (Suzhou)

Market Cap: CN¥32.2b

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

Howden Joinery Group

Market Cap: UK£4.2b

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

Valmet Oyj

Market Cap: €4.1b

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.

Dassault Aviation société anonyme

Market Cap: €22.3b

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

SNT Energy

Market Cap: ₩494.0b

Operates in the machinery industry.

Huntington Ingalls Industries

Market Cap: US$10.6b

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

WSP Global

Market Cap: CA$23.8b

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

Thales

Market Cap: €46.6b

Provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.

Granite Construction

Market Cap: US$5.5b

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

Xi'an Sinofuse Electric

Market Cap: CN¥11.5b

Engages in the research, development, production, and sale of fuses and related accessories in China.

Yizumi Holdings

Market Cap: CN¥8.9b

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

Beijing New Building Materials

Market Cap: CN¥32.9b

Manufactures and sells building materials in China.

Dajin Heavy IndustryLtd

Market Cap: CN¥26.5b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$63.1b

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

DEUTZ

Market Cap: €1.5b

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: €688.4m

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