German Capital Goods Potentially Undervalued Companies

Xinyi Glass Holdings

Market Cap: €39.1b

An investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications.

Kubota

Market Cap: €2.1t

Manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally.

Northrop Grumman

Market Cap: €82.6b

Operates as an aerospace and defense technology company in the United States, the Asia/Pacific, Europe, and internationally.

Aecon Group

Market Cap: €1.4b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

Makita

Market Cap: €1.3t

Engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Central and South America, Oceania, The Middle East, and Africa.

SRG Global

Market Cap: €1.2b

Engages in engineering, mining, maintenance and construction contracting in Australia and New Zealand.

IMCD

Market Cap: €5.4b

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.

Ponsse Oyj

Market Cap: €761.5m

Operates as manufacturer of cut-to-length forest machines Nordic and Baltic countries, Central and Southern Europe, South America and North America, Asia, Australia, and Africa.

Hexcel

Market Cap: €4.9b

Develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications.

Energiekontor

Market Cap: €626.9m

A project developer, engages in the planning, construction, and operation of wind and solar parks in Germany, Portugal, Scotland, and the united States.

Brickability Group

Market Cap: €183.0m

Distributes specialist products and services to the construction industry in the United Kingdom.It operates through four segments: Bricks and Building Materials; Importing; Distribution; and Contracting.

Somec

Market Cap: €108.7m

Somec S.p.A. engineers, designs, and deploys turnkey projects in the civil and naval engineering in Italy, rest of Europe, North America, and internationally.

Rolls-Royce Holdings

Market Cap: €98.5b

Develops and delivers mission-critical power systems in the United Kingdom and internationally.

BayWa

Market Cap: €674.8m

Provides wholesale, retail, logistics, and support and consultancy services in Germany and internationally.

Mitsui

Market Cap: €10.8t

Operates as trading and investment company worldwide.

Goodtech

Market Cap: €258.0m

Provides control systems, digitization, and production solutions for production companies in Norway, Sweden, Finland, Europe, and internationally.

Elecnor

Market Cap: €2.0b

Engages in the development, construction, and operation of projects and services in Spain and internationally.

Singapore Technologies Engineering

Market Cap: €26.6b

Operates as a technology, defence, and engineering company worldwide.

IES Holdings

Market Cap: €7.7b

Designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States.

Marubeni

Market Cap: €6.0t

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

Lisi

Market Cap: €2.1b

Designs and produces assembly and component solutions for the aerospace, automotive, and medical sectors in France and internationally.

IMCD

Market Cap: €5.4b

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.

Ducommun

Market Cap: €1.4b

Provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States.

DAIHEN

Market Cap: €201.3b

Manufactures, sells, and repairs transformers, welding machines, industrial robots, and power sources.

Impulsora del Desarrollo y el Empleo en América Latina. de

Market Cap: €114.3b

Impulsora del Desarrollo y el Empleo en América Latina, S.A.B.

Babcock International Group

Market Cap: €6.2b

Engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.

Epwin Group

Market Cap: €160.5m

Manufactures building products for the repair, maintenance and improvement, social housing, and new build markets in the United Kingdom, Europe, and internationally.

Kubota

Market Cap: €2.1t

Manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally.

Frequentis

Market Cap: €812.5m

Develops and markets communication and information systems for safety-critical control centers in Europe, North America, Asia, Australia, South America, Middle East, Africa, and worldwide.

China Energy Engineering

Market Cap: €96.9b

Provides solutions and services in energy, power and infrastructure sectors in the People’s Republic of China and internationally.

Wilson Bayly Holmes-Ovcon

Market Cap: €7.9b

Operates as a construction company in South Africa, rest of Africa, and the United Kingdom.

Kajima

Market Cap: €2.0t

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

Veidekke

Market Cap: €21.6b

Operates as a construction and property development company in Norway, Sweden, and Denmark.

Hikari Tsushin

Market Cap: €1.8t

Provides various goods and services in Japan.

Fuji Electric

Market Cap: €1.4t

Develops power semiconductors and electronics solutions in Japan and internationally.

SIG

Market Cap: €113.1m

Supplies specialist insulation and sustainable construction products and solutions in the United Kingdom, Germany, France, Benelux, Poland, and Ireland.