Global Capital Goods Healthy potentially undervalued

DEME Group

Market Cap: €4.2b

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

Eiffage

Market Cap: €11.6b

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

Atmus Filtration Technologies

Market Cap: US$4.3b

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

Bouygues

Market Cap: €18.5b

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

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.

EuroGroup Laminations

Market Cap: €158.8m

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

L3Harris Technologies

Market Cap: US$53.1b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥21.6b

Manufactures and sells power distribution in China and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.9b

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¥32.3b

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¥20.2b

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$512.4m

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£1.2b

Provides heat treatment and thermal processing services worldwide.

EMCOR Group

Market Cap: US$33.6b

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.

Neway Valve (Suzhou)

Market Cap: CN¥33.5b

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

Windey Energy Technology Group

Market Cap: CN¥9.0b

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

Dat Phuong Group

Market Cap: ₫3.2t

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

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.

China International Marine Containers (Group)

Market Cap: CN¥38.2b

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.

Armstrong World Industries

Market Cap: US$6.7b

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.

Granite Construction

Market Cap: US$5.5b

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

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.

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.

Huntington Ingalls Industries

Market Cap: US$10.9b

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

WSP Global

Market Cap: CA$23.6b

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¥33.2b

Manufactures and sells building materials in China.

Yizumi Holdings

Market Cap: CN¥9.1b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$64.0b

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

SNT Energy

Market Cap: ₩533.5b

Operates in the machinery industry.

Dajin Heavy IndustryLtd

Market Cap: CN¥27.3b

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

Xi'an Sinofuse Electric

Market Cap: CN¥11.9b

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