German Capital Goods Potentially Undervalued Companies

R. STAHL

Market Cap: €108.2m

Develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide.

Adhi Karya (Persero)

Market Cap: €2.3t

Engages in the construction service businesses in Indonesia.

Ringmetall

Market Cap: €86.6m

Develops, produces, and markets packaging solutions for industrial drums in Germany and internationally.

Hove

Market Cap: €117.3m

Develops, produces, and supplies advanced lubrication solutions for heavy machinery in Denmark and inetrnationally.

Mitsui

Market Cap: €10.8t

Operates as trading and investment company worldwide.

Hillenbrand

Market Cap: €1.7b

Operates as an industrial company in the United States and internationally.

Ashtead Group

Market Cap: €21.6b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

Furukawa Electric

Market Cap: €651.2b

Manufactures and sells communications, energy, automotive and batteries products, and electronic components worldwide.

Keihan Holdings

Market Cap: €345.0b

Engages in the transportation and various other businesses in Japan.

Budimex

Market Cap: €13.3b

Operates as a construction company in Poland, Germany, Slovakia, Czechia, Latvia, rest of the European Union, and internationally.

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.

Rockwool

Market Cap: €48.8b

Produces and sells stone wool insulation products in Western Europe, Eastern Europe, Russia, North America, Asia, and internationally.

Bonheur

Market Cap: €9.7b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Sweco

Market Cap: €55.5b

Provides architecture and engineering consultancy services worldwide.

CEPS

Market Cap: €6.3m

Operates as an industrial trading holding company in the United Kingdom, rest of Europe, and internationally.

Bucher Industries

Market Cap: €4.0b

Engages in the manufacture and sale of machinery, systems, and hydraulic components for harvesting, producing and packaging food products, and keeping roads and public spaces clean and safe in Asia, the United States, Europe, and internationally.

APi Group

Market Cap: €14.3b

Provides safety and specialty services worldwide.

Sany Heavy Equipment International Holdings

Market Cap: €23.3b

Manufactures and sells mining and logistics equipment, electricity, power station project products, petroleum and new energy manufacturing equipment, spare parts, and related services.

Monadelphous Group

Market Cap: €2.2b

An engineering group, provides construction, maintenance, and industrial services to resources, energy, and infrastructure sectors in Australia, China, Mongolia, Papua New Guinea, China, Vietnam, the Philippines, and internationally.

ITOCHU

Market Cap: €12.2t

Trades and imports/exports various products worldwide.

AviChina Industry & Technology

Market Cap: €32.6b

Engages in the development, manufacture, and sale of civil aviation and defense products in Hong Kong and internationally.

JELD-WEN Holding

Market Cap: €445.0m

Designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe.

Sojitz

Market Cap: €821.8b

Operates as a general trading company that engages in various business activities worldwide.

Exosens

Market Cap: €2.2b

Engages in the development, manufacture, and sale of electro-optical technologies in the fields of amplification, and detection and imaging in France, rest of Europe, North America, Asia, Oceania, Africa, and internationally.

Stanley Black & Decker

Market Cap: €11.6b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

Keda Industrial Group

Market Cap: €20.6b

Manufactures and sells building material machinery in China.

Sunwoda ElectronicLtd

Market Cap: €53.8b

Engages in the research and development, design, production, and sale of lithium-ion battery modules.

Keppel

Market Cap: €16.1b

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.

REPT BATTERO Energy

Market Cap: €30.1b

Engages in the research, design, development, production, and sale of lithium-ion battery products in China and internationally.

Erbud

Market Cap: €389.5m

Engages in the construction business in Poland and internationally.

Photon Energy

Market Cap: €174.8m

Through its subsidiaries, builds and optimizes solar power plants and energy storage systems in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, Germany, New Zealand, and internationally.

Gesco

Market Cap: €161.5m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Tsubakimoto Chain

Market Cap: €211.7b

Manufactures and sells chains, motion control, mobility, materials handling systems components in Japan.

James Halstead

Market Cap: €660.6m

Manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally.

IRCE

Market Cap: €57.4m

Engages in manufacturing and selling of winding wires and electrical cables in Italy, rest of European Union, and internationally.

SBF

Market Cap: €60.7m

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