German Capital Goods Potentially Undervalued Companies

Inwido

Market Cap: €11.0b

Through its subsidiaries, engages in development, manufacture, and sale of windows and doors.

LIXIL

Market Cap: €459.6b

Through its subsidiaries, operates water technology and housing technology business in Japan and internationally.

Knorr-Bremse

Market Cap: €13.1b

Develops, produces, and markets braking and other systems for rail and commercial vehicles worldwide.

GE Vernova

Market Cap: €89.7b

An energy company, engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Americas, the Middle East, and Africa.

Azelis Group

Market Cap: €3.7b

Engages in the distribution and sale of specialty chemicals and food ingredients.

Siemens Energy

Market Cap: €50.4b

Operates as an energy technology company worldwide.

IRCE

Market Cap: €52.5m

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

Shyft Group

Market Cap: €256.8m

Engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally.

3M

Market Cap: €70.4b

Provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

Clabo

Market Cap: €8.0m

Designs, produces, and distributes refrigerated display cases and furniture for the food retail market worldwide.

Gesco

Market Cap: €165.1m

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

Meriaura Group Oyj

Market Cap: €752.4m

Designs and delivers solar thermal systems in Europe and internationally.

GVS

Market Cap: €750.9m

Produces and sells filter solutions for applications in the healthcare and life sciences, energy and mobility, and health and safety sectors in Italy and internationally.

Sanwa Holdings

Market Cap: €965.5b

Through its subsidiaries, manufactures and sells steel construction materials for commercial and residential construction in Japan, North America, Europe, and Asia.

STIF Société anonyme

Market Cap: €216.7m

Manufactures and sells components for the handling of bulk products in France.

SMT Scharf

Market Cap: €36.1m

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

Fagerhult Group

Market Cap: €7.2b

Designs, manufactures, and markets professional lighting solutions worldwide.

BayWa

Market Cap: €314.9m

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

Invicta Holdings

Market Cap: €2.9b

An investment holding company, engages in the distribution of engineering components and consumables in South Africa, rest of Africa, Europe, Asia, and the United States.

Gek Terna

Market Cap: €1.9b

Engages in the construction, energy, industry, real estate, and concession businesses in Greece, the Balkans, the Middle East, Eastern Europe, the United States, and internationally.

RS Group

Market Cap: €2.4b

Engages in the distribution of maintenance, repair, and operations products and service solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally.

Toyota Industries

Market Cap: €3.8t

Manufactures and sells textiles machinery, materials handling equipment, automobiles, and automobile parts in Japan, the United States, and internationally.

Nabtesco

Market Cap: €247.6b

Manufactures and sells equipment in the industrial, daily life, and environmental fields products in Japan and internationally.

Schneider Electric

Market Cap: €115.2b

Engages in the energy management and industrial automation businesses worldwide.

Alligo

Market Cap: €5.9b

Offers workwear, personal protection equipment, tools, and consumables in Sweden, Norway, and Finland.

Obayashi

Market Cap: €1.5t

Engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania.

Singapore Technologies Engineering

Market Cap: €22.3b

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

3U Holding

Market Cap: €49.7m

Provides telecommunication and information technology services in Germany and internationally.

Hirata

Market Cap: €40.4b

Manufactures and sells various manufacturing line systems, industrial robots, and logistic equipment in Japan and internationally.

Morgan Sindall Group

Market Cap: €1.6b

Operates as a construction and regeneration company in the United Kingdom.

BWX Technologies

Market Cap: €9.5b

Manufactures and sells nuclear components in the United States, Canada, and internationally.

Sunwoda ElectronicLtd

Market Cap: €33.1b

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

Grenevia

Market Cap: €1.6b

Manufactures and sells machinery and equipment for mining, transport, handling, and power industries worldwide.

Amada

Market Cap: €575.3b

Manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally.

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.

IPD Group

Market Cap: €383.7m

Distributes electrical infrastructure in Australia.