Italian Capital Goods Healthy potentially undervalued

Ariston Holding

Market Cap: €1.4b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.

Iveco Group

Market Cap: €3.7b

Engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, specialty vehicles, combustion engines, alternative propulsion systems, transmissions, axles, and engines in Europe, South America, North America, and internationally.

Danieli & C. Officine Meccaniche

Market Cap: €4.1b

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