German Capital Goods Potentially Undervalued Companies

Airbus

Market Cap: €134.0b

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

Nippon Sheet Glass Company

Market Cap: €38.6b

Engages in the manufacture and sale of glass and glazing products in Japan, Europe, North America, and South America.

Brenntag

Market Cap: €8.7b

Engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.

Verbrec

Market Cap: €21.9m

Primarily provides engineering, asset management, training, and infrastructure services to mining, energy, defense, and infrastructure industries in Australia, New Zealand, Papua New Guinea, and the Pacific Islands.

HOCHTIEF

Market Cap: €12.3b

Engages in the construction business worldwide.

Senior

Market Cap: €707.7m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Komatsu

Market Cap: €4.0t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

China Conch Venture Holdings

Market Cap: €15.7b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

General Dynamics

Market Cap: €74.0b

Operates as an aerospace and defense company worldwide.

Babcock & Wilcox Enterprises

Market Cap: €82.7m

Provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers in the United States, Canada, the United Kingdom, Indonesia, and Philippines.

Hikari Tsushin

Market Cap: €1.8t

A holding company, engages in the sale of communication-related products in Japan.

Heidelberger Druckmaschinen

Market Cap: €430.3m

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.

Lonking Holdings

Market Cap: €8.6b

An investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China and internationally.

Magellan Aerospace

Market Cap: €999.9m

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

Apogee Enterprises

Market Cap: €835.7m

Provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil.

MINEBEA MITSUMI

Market Cap: €788.7b

Manufactures and supplies machined components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

Fosun International

Market Cap: €36.7b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Eneraqua Technologies

Market Cap: €9.6m

Provides turnkey solutions for water efficiency and decarbonization through district heating and ground source heat pump systems for commercial clients, and social housing and residential sectors.

Stabilus

Market Cap: €631.1m

Manufactures and sells gas springs, dampers, electromechanical damper opening systems, vibration isolation products, and industrial components in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

Wilson Bayly Holmes-Ovcon

Market Cap: €10.0b

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

Jardine Cycle & Carriage

Market Cap: €9.5b

An investment holding company, engages in providing the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

NTN

Market Cap: €114.3b

Engages in the manufacture and sale of bearings, drive shafts, and precision equipment and other products in Japan and internationally.

Civmec

Market Cap: €544.1m

An investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia.

Ebara

Market Cap: €1.0t

Manufactures and sells industrial machinery.

Caterpillar

Market Cap: €164.3b

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.

AB Volvo

Market Cap: €530.8b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Astra International

Market Cap: €186.6t

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

Fasadgruppen Group

Market Cap: €1.6b

Operates as a service provider of facades in Sweden, Denmark, Norway, and Finland.

Eiffage

Market Cap: €11.2b

Engages in the construction, property development, urban development, civil engineering, metallic construction, roads, energy systems, and concessions businesses in France, rest of Europe, and internationally.

Hitachi Construction Machinery

Market Cap: €923.6b

Manufactures and sells construction machineries worldwide.

Konecranes

Market Cap: €5.4b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, the Asia-Pacific, and internationally.

Doman Building Materials Group

Market Cap: €752.9m

Through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada.

MISUMI Group

Market Cap: €522.2b

Engages in the factory automation and die components businesses worldwide.

Traton

Market Cap: €15.0b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

Kanadevia

Market Cap: €161.6b

Kanadevia Corporation design, constructs, and manufactures energy-from-waste plants, desalination plants, and water and sewage treatment plants in Japan and internationally.

Daimler Truck Holding

Market Cap: €28.8b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.