Global Capital Goods Healthy potentially undervalued

Bouygues

Market Cap: €18.2b

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.

Eiffage

Market Cap: €11.5b

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

Cadeler

Market Cap: NOK 21.9b

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$53.8b

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

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: €4.3b

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

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.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥18.9b

Manufactures and sells power distribution in China and internationally.

Douglas Dynamics

Market Cap: US$996.2m

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

Sinoma International EngineeringLtd

Market Cap: CN¥19.2b

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

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.5b

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.

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.

Worthington Enterprises

Market Cap: US$2.7b

Operates as an industrial manufacturing company.

Bodycote

Market Cap: UK£1.1b

Provides heat treatment and thermal processing services worldwide.

NCC

Market Cap: SEK 16.8b

Operates as a construction company in Sweden, Norway, Denmark, and Finland.

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.

AtkinsRéalis Group

Market Cap: CA$14.2b

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

EMCOR Group

Market Cap: US$34.0b

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

Titan International

Market Cap: US$473.1m

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

Neway Valve (Suzhou)

Market Cap: CN¥33.3b

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

China International Marine Containers (Group)

Market Cap: CN¥35.4b

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

Windey Energy Technology Group

Market Cap: CN¥8.4b

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

Dat Phuong Group

Market Cap: ₫4.0t

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

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.

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.

Armstrong World Industries

Market Cap: US$6.6b

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

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sell of floor coverings, building and construction adhesives, and belt for power transmission and conveyor technology worldwide.

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$5.2b

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.

QinetiQ Group

Market Cap: UK£2.3b

Provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany.

WSP Global

Market Cap: CA$23.3b

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

Huntington Ingalls Industries

Market Cap: US$11.2b

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

Thales

Market Cap: €45.2b

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