Global Capital Goods Healthy potentially undervalued

Alfa Laval

Market Cap: SEK 184.4b

Provides heat transfer, separation, and fluid handling products and solutions worldwide.

Renew Holdings

Market Cap: UK£740.9m

Provides engineering services in the United Kingdom.

Toro

Market Cap: US$7.3b

Provides professional turf maintenance equipment and services.

Huntington Ingalls Industries

Market Cap: US$12.6b

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

Austal

Market Cap: AU$2.9b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Vietnam Construction and Import-Export

Market Cap: ₫17.2t

Engages in construction and property development activities in Vietnam and internationally.

Exail Technologies

Market Cap: €1.4b

Provides robotics, maritime, navigation, aerospace, and photonics technologies solutions in France and internationally.

Chemring Group

Market Cap: UK£1.6b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.

Kingspan Group

Market Cap: €11.6b

Provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally.

Prodways Group

Market Cap: €32.2m

Engages in the industrial and 3D printing solutions.

DEUTZ

Market Cap: €1.3b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Lindsay

Market Cap: US$1.2b

Provides water management and road infrastructure products and services in the United States and internationally.

Azelis Group

Market Cap: €2.4b

Engages in the distribution and sale of specialty chemicals and food ingredients.

MasTec

Market Cap: US$15.9b

An infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada.

NTN

Market Cap: JP¥182.9b

Manufactures and sells bearings, drive shafts, and precision equipment and other products in Japan, the United States, Europe, Asia, and internationally.

LG

Market Cap: ₩12.7t

Through its subsidiaries, operates in the electronics, chemicals, and telecommunication and services sectors.

JGC Holdings

Market Cap: JP¥377.6b

Provides engineering, procurement, and construction services.

Taisei

Market Cap: JP¥1.9t

Engages in the civil engineering, construction, and real estate development businesses in Japan.

TECO Electric & Machinery

Market Cap: NT$243.0b

Manufactures, installs, wholesales, and retails electronic and telecommunications equipment, office equipment, and home appliances in Taiwan, the United States, China, and internationally.

Carrier Global

Market Cap: US$50.1b

Provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally.

L&K Engineering (Suzhou)Ltd

Market Cap: CN¥10.0b

Provides specialized engineering technical services in China.

Virgin Galactic Holdings

Market Cap: US$226.9m

An aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies.

NARI Technology

Market Cap: CN¥196.1b

Provides power intelligence solutions in China and internationally.

Beijing Sifang AutomationLtd

Market Cap: CN¥23.3b

Supplies power transmission, transformation protection, automation systems, power generation, enterprise power, and power distribution and utilization systems in China and internationally.

EVE Energy

Market Cap: CN¥170.1b

Engages in the research, development, production, and sales of lithium batteries in China and internationally.

Ashtead Group

Market Cap: UK£20.9b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

H.G. Infra Engineering

Market Cap: ₹59.3b

Engages in the engineering, procurement, and construction (EPC) business in India.

Frencken Group

Market Cap: S$717.5m

An investment holding company, provides original design, original equipment, and diversified integrated manufacturing solutions worldwide.

Viettel Construction

Market Cap: ₫10.3t

Operates in construction, leasing infrastructure, information technology, technical solutions and services, and operations businesses in Vietnam and internationally.

Skanska

Market Cap: SEK 107.5b

Operates as a construction and project development company in the Nordics, Europe, and the United States.

AGCO

Market Cap: US$7.7b

Manufactures and distributes agricultural equipment and replacement parts worldwide.

Finning International

Market Cap: CA$10.0b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

Danieli & C. Officine Meccaniche

Market Cap: €3.0b

Designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.

Aecon Group

Market Cap: CA$2.0b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

Timken

Market Cap: US$5.5b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Obayashi

Market Cap: JP¥1.8t

Engages in the construction business in Japan, North America, Asia and internationally.