German Capital Goods Potentially Undervalued Companies

QinetiQ Group

Market Cap: €2.1b

Operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

Hammond Power Solutions

Market Cap: €914.7m

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

DCC

Market Cap: €4.7b

Engages in the sales, marketing, and distribution of carbon energy solutions worldwide.

Daimler Truck Holding

Market Cap: €25.2b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Eolus Vind

Market Cap: €1.2b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states.

Keppel

Market Cap: €10.7b

An investment holding company, engages in the infrastructure, real estate, and connectivity business.

Astra International

Market Cap: €190.7t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Nordex

Market Cap: €3.6b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

Luceco

Market Cap: €178.4m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

MTU Aero Engines

Market Cap: €14.5b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Kalmar Oyj

Market Cap: €1.6b

Engages in the provision of heavy material handling equipment and automated terminal solutions for ports, terminals, distribution centers, and heavy industry.

Nilfisk Holding

Market Cap: €2.1b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Comer Industries

Market Cap: €753.6m

Designs and produces engineering systems and mechatronic solutions for power transmission applications in Italy and internationally.

Morgan Advanced Materials

Market Cap: €507.0m

Manufactures and sells various carbon and ceramic products in the United Kingdom.

Bidvest Group

Market Cap: €74.0b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Timken

Market Cap: €4.2b

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

Renew Holdings

Market Cap: €523.2m

Provides engineering services in the United Kingdom.

Andritz

Market Cap: €5.0b

Provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally.

Ashtead Technology Holdings

Market Cap: €370.9m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Klöckner & Co

Market Cap: €639.4m

Distributes steel and metal products in Germany, Switzerland, France, the united states, and internationally.

DAIHEN

Market Cap: €135.5b

Manufactures and sells transformers, welding machines, and industrial and clean transport robots.

Sinotruk (Hong Kong)

Market Cap: €51.6b

An investment holding company, engages in the research, development, manufacture, and sale of heavy-duty trucks (HDT), medium-heavy duty trucks, light duty trucks (LDT), buses, and related parts and components in Mainland China and internationally.

Sif Holding

Market Cap: €292.3m

Engages in the manufacturing of foundation piles for offshore wind farms and metal structures in the Netherlands and internationally.

Kurita Water Industries

Market Cap: €496.4b

Engages in the provision of various water treatment solutions in North America, South America, Europe, and internationally.

Senior

Market Cap: €496.6m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Alta Equipment Group

Market Cap: €140.6m

Owns and operates integrated equipment dealership platforms in the United States and Canada.

Stabilus

Market Cap: €545.9m

Manufactures and sells gas springs, dampers, electromechanical damper opening systems, vibration isolation products, and industrial components in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

Airbus

Market Cap: €106.3b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

Krones

Market Cap: €3.6b

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.

NTN

Market Cap: €110.8b

Engages in the manufacture and sale of bearings, drive shafts, and precision equipment and other products in Japan and internationally.

Fuji Electric

Market Cap: €856.5b

Develops power semiconductors and electronics solutions in Japan and internationally.

MINEBEA MITSUMI

Market Cap: €799.8b

Manufactures and supplies machined components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

Kajima

Market Cap: €1.4t

Engages in civil engineering, building construction, real estate development, architectural design, and other businesses worldwide.

Finning International

Market Cap: €5.0b

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

Dover

Market Cap: €21.9b

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

Griffon

Market Cap: €3.3b

Through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.