German Capital Goods Potentially Undervalued Companies

Mota-Engil SGPS

Market Cap: €1.6b

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

Cummins

Market Cap: €54.3b

Offers various power solutions worldwide.

Compagnie de Saint-Gobain

Market Cap: €48.6b

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

Bombardier

Market Cap: €16.3b

Engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide.

Netel Holding

Market Cap: €490.0m

Provides construction and maintenance services for communication infrastructure and power networks in Sweden, Norway, Finland, Germany, and the United Kingdom.

Mersen

Market Cap: €617.2m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

China Railway Group

Market Cap: €134.7b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Keppel

Market Cap: €15.1b

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.

Miller Industries

Market Cap: €491.6m

Manufactures and sells towing and recovery equipment.

Aumann

Market Cap: €161.8m

Manufactures and sells specialized machines and production lines for electromobility, automation, and robot applications in Germany, rest of Europe, the United States, Canada, Mexico, China, and internationally.

Mayville Engineering Company

Market Cap: €283.0m

Engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States.

Hanwa

Market Cap: €254.8b

Trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan and internationally.

Tokyu Construction

Market Cap: €121.2b

Engages in the civil engineering and building construction businesses in Japan.

KSB SE KGaA

Market Cap: €1.6b

Manufactures and supplies pumps, valves, and related services worldwide.

BAE Systems

Market Cap: €52.8b

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

LION E-Mobility

Market Cap: €16.6m

Through its subsidiaries, engages in the development, production, and distribution of battery modules and packs, and battery management systems in Switzerland.

Italian-Thai Development

Market Cap: €1.3b

Engages in the construction business in Thailand, India, Bangladesh, and internationally.

Moog

Market Cap: €6.1b

Designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets in the United States, Germany, and internationally.

Raubex Group

Market Cap: €8.2b

Engages in the infrastructure development and construction materials business in South Africa, Australia, rest of Africa, and internationally.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Ryobi

Market Cap: €79.2b

Operates as a die casting manufacturer in Japan, the United States, China, and internationally.

Hammond Power Solutions

Market Cap: €1.4b

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

Compagnie de Saint-Gobain

Market Cap: €48.6b

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

SMT Scharf

Market Cap: €42.1m

Engages in the development, manufacture, and service of transportation equipment and logistics systems for underground mining and tunnel construction.

Toyo Tanso

Market Cap: €84.1b

Engages in the production and sale of carbon materials in Japan and internationally.

Timken

Market Cap: €5.2b

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

Columbus McKinnon

Market Cap: €395.9m

Designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.

First Tractor

Market Cap: €13.7b

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

Italian-Thai Development

Market Cap: €1.3b

Engages in the construction business in Thailand, India, Bangladesh, and internationally.

Singulus Technologies

Market Cap: €14.4m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

Multiconsult

Market Cap: €4.9b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Eolus Aktiebolag

Market Cap: €1.4b

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

Astra International

Market Cap: €230.8t

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

Heidelberger Druckmaschinen

Market Cap: €625.4m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

EcoUp Oyj

Market Cap: €13.9m

Develops, manufactures, and sells construction products and raw materials.

Lockheed Martin

Market Cap: €104.4b

An aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.