Global Capital Goods Healthy potentially undervalued

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Eiffage

Market Cap: €10.3b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Sulzer

Market Cap: CHF 4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

DEME Group

Market Cap: €3.3b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Altea Green Power

Market Cap: €118.9m

Supplies and manages renewable energy plants in Italy and the United States.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Dover

Market Cap: US$24.9b

Provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.

Oshkosh

Market Cap: US$7.8b

Provides purpose-built vehicles and equipment worldwide.

Douglas Dynamics

Market Cap: US$696.5m

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

Limbach Holdings

Market Cap: US$1.1b

Operates as a building systems solution company in the United States.

GWA Group

Market Cap: AU$633.3m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Sanwa Holdings

Market Cap: JP¥894.2b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Titan International

Market Cap: US$482.4m

Manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally.

R&S Group Holding

Market Cap: CHF 978.2m

Manufactures and supplies electrical infrastructure products the United Kingdom, Switzerland, Ireland, Italy, Poland, and the Middle East.

Palfinger

Market Cap: €1.2b

Produces and sells crane and lifting solutions in Austria and internationally.

Krones

Market Cap: €3.9b

Engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology for the food and beverage industry in Germany and internationally.

GT Capital Holdings

Market Cap: ₱111.9b

A conglomerate, engages in the banking, automotive assembly, importation, distribution, dealership and financing, property development, life and non-life insurance, and infrastructure and utilities in the Philippines and internationally.

Zbom Home CollectionLtd

Market Cap: CN¥4.0b

Engages in the research, development, production and sale of customized building products in China and internationally.

Byrna Technologies

Market Cap: US$460.2m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

China International Marine Containers (Group)

Market Cap: CN¥38.2b

Manufactures and sells logistics and energy equipment in China, the United States, Europe, rest of Asia, and internationally.

China State Construction Development Holdings

Market Cap: HK$2.6b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.

WCT Holdings Berhad

Market Cap: RM 1.2b

An investment holding company, engages in the engineering and construction, property development, and property investment and management activities in Malaysia, the Middle East, India, and internationally.

SFS Group

Market Cap: CHF 4.2b

Supplies precision components and assemblies, mechanical fastening systems, tools, and procurement solutions in Switzerland and internationally.

Genuit Group

Market Cap: UK£912.2m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

Sensata Technologies Holding

Market Cap: US$4.6b

Develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally.

Bird Construction

Market Cap: CA$1.7b

Provides construction services in Canada.

Beijing New Building Materials

Market Cap: CN¥40.9b

Manufactures and sells building materials in China and internationally.

INDUS Holding

Market Cap: €550.2m

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

Systemair

Market Cap: SEK 16.2b

Manufactures and sells of ventilation, heating and cooling products, and systems in Europe, North America, the Middle East, Asia, Australia, and Africa.

Severfield

Market Cap: UK£86.2m

A structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and internationally.

Reliance Worldwide

Market Cap: AU$3.2b

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

HDC Hyundai Development

Market Cap: ₩1.2t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

Sany Renewable EnergyLtd

Market Cap: CN¥33.0b

Engages in the research and development, manufacture, and sale of wind turbines and generators in China.

Webuild

Market Cap: €3.5b

Engages in the construction businesses worldwide.

Boise Cascade

Market Cap: US$2.6b

Engages in manufacture and sale of engineered wood products (EWP) and plywood, and wholesale distribution of building materials in the United States and Canada.