German Capital Goods Potentially Undervalued Companies

Luceco

Market Cap: €195.1m

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.

China State Construction International Holdings

Market Cap: €57.4b

An investment holding company, engages in the construction business for private and public sectors in Hong Kong, Mainland China, Macau, and internationally.

Compagnie de Saint-Gobain

Market Cap: €50.4b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

YASKAWA Electric

Market Cap: €823.9b

Engages in motion control, robotics, and system engineering businesses worldwide.

Generac Holdings

Market Cap: €9.8b

Designs, manufactures, and distributes energy technology products and solution worldwide.

Reko International Group

Market Cap: €20.3m

Designs and manufactures various engineered products and services for original equipment manufacturers in Canada and the United States.

SBF

Market Cap: €62.6m

Through its subsidiary, SBF Spezialleuchten GmbH, engages in the development, manufacture, and distribution of ceiling and lighting systems for indoor and outdoor rail vehicles.

AF Gruppen

Market Cap: €17.9b

A contracting and industrial company, provides civil engineering, construction, energy and environment, and property and offshore services in Norway and Sweden.

Seatrium

Market Cap: €8.2b

Provides engineering solutions to the offshore, marine, and energy industries.

Skanska

Market Cap: €96.5b

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

QinetiQ Group

Market Cap: €2.8b

Provides science and technology solution in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

BAE Systems

Market Cap: €59.6b

Provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Japan, Europe, and internationally.

Mitsubishi Kakoki Kaisha

Market Cap: €62.6b

Engages in the engineering, procurement, and construction of various industrial and chemical plants and environmental control facilities in Japan, rest of Asia, and internationally.

Ameresco

Market Cap: €1.7b

Provides energy solutions in the United States, Canada, and Europe.

EMCOR Group

Market Cap: €28.0b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Knorr-Bremse

Market Cap: €12.7b

Develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.

Ferguson Enterprises

Market Cap: €44.6b

Distributes plumbing and heating products in the United States and Canada.

Caesarstone

Market Cap: €53.6m

Designs, develops, manufactures, and sells engineered stone and porcelain products under Caesarstone and other brands in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel.

Thales

Market Cap: €52.7b

Provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.

Morgan Advanced Materials

Market Cap: €602.5m

Manufactures and sells various carbon and ceramic products.

Keppel

Market Cap: €16.0b

An investment holding company, engages in the infrastructure, real estate, and connectivity businesses in Singapore, China, Hong Kong, other Far East and ASEAN countries, and internationally.

Jardine Matheson Holdings

Market Cap: €18.1b

Operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.

Alpina Holdings

Market Cap: €66.4m

Provides integrated building services, mechanical and electrical engineering services, and alteration and addition works to public and private sector projects in Singapore.

Hammond Power Solutions

Market Cap: €1.5b

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

Wabash National

Market Cap: €430.3m

Manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States.

2G Energy

Market Cap: €572.3m

Manufactures systems for decentralized energy supply in Germany and internationally.

First Tractor

Market Cap: €12.9b

Engages in the manufacturing and sale of agricultural machinery and power machinery.

Otis Worldwide

Market Cap: €34.8b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Marubeni

Market Cap: €6.1t

Marubeni Corporation purchases, distributes, and markets industrial and consumer goods.

BAUER

Market Cap: €247.5m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

CH. Karnchang

Market Cap: €26.2b

Provides construction services in Thailand and the Lao People’s Democratic Republic.

IMCD

Market Cap: €5.2b

Distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

Worley

Market Cap: €7.2b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Theon International

Market Cap: €2.2b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.

va-Q-tec

Market Cap: €398.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

AutoStore Holdings

Market Cap: €31.6b

Provides robotic and software technology in Norway, Germany, Europe, the United States, Asia, and internationally.