Italian Capital Goods Healthy potentially undervalued

Ariston Holding

Market Cap: €1.1b

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

Leonardo

Market Cap: €30.2b

An industrial and technological company, engages in the helicopters, defense electronics and security, cyber security and solutions, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States of America, and internationally.

EuroGroup Laminations

Market Cap: €177.1m

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

Danieli & C. Officine Meccaniche

Market Cap: €4.3b

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