Global Capital Goods Healthy potentially undervalued

Eiffage

Market Cap: €11.7b

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

Douglas Dynamics

Market Cap: US$1.1b

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

Cadeler

Market Cap: NOK 21.4b

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.

Atmus Filtration Technologies

Market Cap: US$4.1b

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

Bouygues

Market Cap: €18.4b

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

L3Harris Technologies

Market Cap: US$52.3b

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

Flowserve

Market Cap: US$8.5b

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 Sanxing Medical ElectricLtd

Market Cap: CN¥20.4b

Manufactures and sells power distribution in China and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.1b

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

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥32.6b

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

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Grafton Group

Market Cap: UK£1.8b

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$486.7m

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$33.1b

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¥8.7b

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

China International Marine Containers (Group)

Market Cap: CN¥36.0b

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

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.

Neway Valve (Suzhou)

Market Cap: CN¥32.3b

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

Dat Phuong Group

Market Cap: ₫3.3t

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

A. O. Smith

Market Cap: US$8.1b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Granite Construction

Market Cap: US$5.3b

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.

Armstrong World Industries

Market Cap: US$6.5b

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

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.

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.

SNT Energy

Market Cap: ₩468.3b

Operates in the machinery industry.

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.

Huntington Ingalls Industries

Market Cap: US$10.6b

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

Thales

Market Cap: €46.3b

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

WSP Global

Market Cap: CA$24.0b

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

Xi'an Sinofuse Electric

Market Cap: CN¥11.7b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$66.0b

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

Ningbo Deye Technology Group

Market Cap: CN¥103.5b

Researches, designs, develops, produces, sells and services solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchangers in China.

Beijing New Building Materials

Market Cap: CN¥32.4b

Manufactures and sells building materials in China.