German Capital Goods Potentially Undervalued Companies

Masco

Market Cap: €13.1b

Provides home improvement and building products in North America, Europe, and internationally.

Keller Group

Market Cap: €991.9m

Provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa.

Manitou BF

Market Cap: €669.7m

Engages in the development, manufacture, and distribution of equipment and services in the France, Southern Europe, Northern Europe, the Americas, Asia, the Pacific, Africa, and the Middle East.

Nitto Boseki

Market Cap: €125.6b

Engages in the manufacture, processing, and sale of textile products and textile-related industrial goods, rock wool and building materials, glass fiber products, and specialty chemicals and medical products in Japan.

CITIC

Market Cap: €259.5b

Operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide.

CIMC Enric Holdings

Market Cap: €12.1b

Provides transportation, storage, and processing equipment and services for the clean energy, chemicals, environmental, and liquid food sectors worldwide.

Great Lakes Dredge & Dock

Market Cap: €589.3m

Provides dredging services in the United States.

Fortune Brands Innovations

Market Cap: €6.4b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Bombardier

Market Cap: €8.0b

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

Peab

Market Cap: €20.4b

Operates as a construction and civil engineering company in Sweden, Norway, Finland, Denmark, and internationally.

Gibraltar Industries

Market Cap: €1.6b

Manufactures and provides products and services for the residential, renewable energy, agtech, and infrastructure markets in the United States and internationally.

Advanced Drainage Systems

Market Cap: €8.2b

Designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally.

MTU Aero Engines

Market Cap: €14.8b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Textron

Market Cap: €11.9b

Operates in the aircraft, defense, industrial, and finance businesses worldwide.

OSG

Market Cap: €137.0b

Manufactures and sells cutting tools in Japan, the Americas, Europe, Africa, and Asia.

JOST Werke

Market Cap: €736.8m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, Pacific, and Africa.

Reliance Worldwide

Market Cap: €3.1b

Engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries.

EXEL Industries

Market Cap: €244.2m

Engages in the manufacture and sale of agricultural spraying equipment worldwide.

Van Elle Holdings

Market Cap: €36.8m

Operates as a geotechnical and ground engineering contractor in the United Kingdom.

Fuji

Market Cap: €171.8b

Manufactures and sells machines and machine tools in Japan.

Haitian International Holdings

Market Cap: €28.3b

An investment holding company, engages in manufacturing, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally.

CTF Services

Market Cap: €28.0b

A conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland.

Galliford Try Holdings

Market Cap: €357.0m

Operates in the construction business in the United Kingdom.

Palfinger

Market Cap: €924.8m

Produces and sells crane and lifting solutions in Austria and internationally.

WESCO International

Market Cap: €7.2b

Provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally.

Daikin IndustriesLtd

Market Cap: €4.6t

Manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally.

Fluor

Market Cap: €5.6b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

Boise Cascade

Market Cap: €3.6b

Engages in manufacture and sale of engineered wood products (EWP) and plywood, and wholesale distribution of building materials in the United States and Canada.

Emeco Holdings

Market Cap: €380.7m

Provides surface and underground mining equipment rental, complementary equipment, and mining services in Australia.

Caterpillar

Market Cap: €142.5b

Manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally.

Techtronic Industries

Market Cap: €139.3b

Engages in designing, manufacturing, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally.

Macfarlane Group

Market Cap: €160.1m

Through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe.

NRW Holdings

Market Cap: €1.1b

Through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia.

SINOPEC Engineering (Group)

Market Cap: €22.8b

Provides engineering, procurement, and construction (EPC) contracting services in the People’s Republic of China, Saudi Arabia, Kuwait, and internationally.

Airbus

Market Cap: €109.7b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

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.