German Capital Goods Potentially Undervalued Companies

Acrow

Market Cap: €324.9m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Grafton Group

Market Cap: €1.8b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Renew Holdings

Market Cap: €666.5m

Provides engineering services in the United Kingdom.

Bidvest Group

Market Cap: €83.4b

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

Luceco

Market Cap: €186.1m

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.

Klöckner & Co

Market Cap: €600.5m

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

Krones

Market Cap: €4.2b

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.

Ashtead Technology Holdings

Market Cap: €277.3m

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

INDUS Holding

Market Cap: €566.4m

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

Koenig & Bauer

Market Cap: €248.5m

Develops and manufactures printing and postprint systems worldwide.

NFI Group

Market Cap: €2.2b

Manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific.

Krones

Market Cap: €4.2b

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.

INDUS Holding

Market Cap: €566.4m

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

WashTec

Market Cap: €489.8m

Provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific.

DEME Group

Market Cap: €3.5b

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.

Koenig & Bauer

Market Cap: €248.5m

Develops and manufactures printing and postprint systems worldwide.

MS Industrie

Market Cap: €44.9m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

MS Industrie

Market Cap: €44.9m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

Costain Group

Market Cap: €349.8m

Provides infrastructure solutions for the transportation, energy, water, and defense sectors in the United Kingdom.

Bird Construction

Market Cap: €1.3b

Provides construction services in Canada.

Keller Group

Market Cap: €961.0m

Provides specialist geotechnical services in North America, Europe, the Middle East, and the Asia-Pacific.

Great Lakes Dredge & Dock

Market Cap: €810.5m

Provides dredging services in the United States.

CTF Services

Market Cap: €31.3b

A conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland.

FreightCar America

Market Cap: €171.8m

Through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico.

Haitian International Holdings

Market Cap: €35.0b

An investment holding company, engages in the manufacture, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally.

Van Elle Holdings

Market Cap: €44.9m

Operates as a geotechnical and ground engineering contractor in the United Kingdom.

Horizon Construction Development

Market Cap: €4.4b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

CNH Industrial

Market Cap: €15.5b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

Soltec Power Holdings

Market Cap: €145.3m

Engages in the development of solutions for photovoltaic energy projects in Spain, Italy, Brazil, the United States, Mexico, Argentina, Chile, Colombia, Peru, Panama, Australia, China, India, Thailand, France, Denmark, Egypt, Israel, Portugal, the United Arab Emirates, Romania, and Kenya.

Murray & Roberts Holdings

Market Cap: €447.9m

Operates as a multinational engineering and construction company in South Africa, rest of Africa, Australasia and South East Asia, North America, and internationally.

Flowserve

Market Cap: €6.8b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.

CTEK

Market Cap: €902.7m

Develops, markets, and sells battery charging products for vehicles in Sweden, Nordics, DACH, the Americas, rest of Europe, and internationally.

Ferronordic

Market Cap: €704.8m

Sells, rents, and services construction equipment, trucks, and other machines in Kazakhstan, Germany, and the United States.

Cummins

Market Cap: €54.3b

Offers various power solutions worldwide.

Mota-Engil SGPS

Market Cap: €1.6b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Robit Oyj

Market Cap: €24.4m

Engages in the design, manufacture, and sale of drilling consumables for mining, quarrying, construction, and well drilling industries in Finland.