Global Capital Goods Healthy potentially undervalued

Cadeler

Market Cap: NOK 21.1b

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

Bouygues

Market Cap: €18.4b

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

EuroGroup Laminations

Market Cap: €154.5m

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

Eiffage

Market Cap: €11.6b

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

L3Harris Technologies

Market Cap: US$55.8b

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

DEME Group

Market Cap: €4.2b

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

Atmus Filtration Technologies

Market Cap: US$4.3b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥21.0b

Manufactures and sells power distribution 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.

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.

CSG

Market Cap: €15.5b

Manufactures and sells defence products in the Czech Republic, Europe, the United States, and the Asia Pacific.

AtkinsRéalis Group

Market Cap: CA$13.9b

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$34.2b

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

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Titan International

Market Cap: US$507.9m

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

China International Marine Containers (Group)

Market Cap: CN¥37.0b

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

Windey Energy Technology Group

Market Cap: CN¥8.8b

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

Neway Valve (Suzhou)

Market Cap: CN¥32.4b

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

Dat Phuong Group

Market Cap: ₫3.2t

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

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.

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.

Granite Construction

Market Cap: US$5.5b

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

WSP Global

Market Cap: CA$21.7b

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$11.3b

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

Beijing New Building Materials

Market Cap: CN¥32.3b

Manufactures and sells building materials in China.

Dajin Heavy IndustryLtd

Market Cap: CN¥27.3b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$61.6b

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.

Xi'an Sinofuse Electric

Market Cap: CN¥11.9b

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.

Mueller Water Products

Market Cap: US$3.9b

Manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally.

INDUS Holding

Market Cap: €689.6m

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

DEUTZ

Market Cap: €1.6b

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.

XJ Electric

Market Cap: CN¥22.6b

Provides energy and power and technology equipment in China and internationally.

Reliance Worldwide

Market Cap: AU$2.7b

Engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for the plumbing and heating industries.