German Capital Goods Potentially Undervalued Companies

Magellan Aerospace

Market Cap: €929.1m

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

Nippon Sheet Glass Company

Market Cap: €50.9b

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

Forbo Holding

Market Cap: €1.0b

Engages in the production and sale floor coverings, building and construction adhesives, and power transmission and conveyor technology worldwide.

Terex

Market Cap: €3.4b

Provides materials processing machinery and mobile elevating work platform worldwide.

Komatsu

Market Cap: €4.8t

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.

Eltel

Market Cap: €1.4b

Operates as an infrastructure and service provider for critical communication and power networks in Finland, Sweden, Norway, Denmark, Lithuania, Germany, and internationally.

HighCom

Market Cap: €28.8m

Provides specialist products and tailored solutions to military, law enforcement, government agencies, space, and commercial sectors.

Dürr

Market Cap: €1.4b

Operates as a mechanical and plant engineering company worldwide.

KSB SE KGaA

Market Cap: €1.6b

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

Glaston Oyj Abp

Market Cap: €47.1m

Manufactures and sells glass processing machines in Finland, Europe, the Middle East, Africa, the Americas, China, and rest of Asia Pacific.

Danieli & C. Officine Meccaniche

Market Cap: €2.4b

Designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.

Kanadevia

Market Cap: €175.3b

Engages in the design, manufacture, installation, sale, repair and maintenance of environmental equipment, plants, machinery, and infrastructure facilities in Japan, Europe, Asia, North America, Middle East, and internationally.

BOC Aviation

Market Cap: €47.9b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

AB Volvo

Market Cap: €561.2b

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

Yangzijiang Shipbuilding (Holdings)

Market Cap: €12.9b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

Obrascón Huarte Lain

Market Cap: €597.2m

Engages in the construction and concession businesses in the United States, Canada, Mexico, Chile, Peru, Colombia, Spain, Central and Eastern Europe, Northern Europe, and internationally.

Traton

Market Cap: €13.8b

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.

NKT

Market Cap: €32.7b

Designs, manufactures, and installs low, medium, and high voltage power cable solutions in Denmark.

CBAK Energy Technology

Market Cap: €80.4m

CBAK Energy Technology, Inc., together with its subsidiaries, manufacture, commercialization, and distribution of standard and customized lithium and sodium batteries in Mainland China, Europe, and internationally.

3M

Market Cap: €81.5b

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

AB Volvo

Market Cap: €561.2b

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

Severfield

Market Cap: €90.6m

A structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and internationally.

Hitachi Construction Machinery

Market Cap: €1.0t

Manufactures and sells construction machineries worldwide.

Signify

Market Cap: €2.8b

Provides lighting products, systems, and services in Europe, the Americas, and internationally.

Eiffage

Market Cap: €10.5b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Metlen Energy & Metals

Market Cap: €6.1b

Operates as an industrial and energy company with focus on the metals and energy sectors worldwide.

Sogeclair

Market Cap: €77.8m

Provides engineering and production services to the aeronautics, space, civil and military transport in France.

Taisei

Market Cap: €1.7t

Engages in the civil engineering, construction, and real estate development businesses in Japan.

Eurocell

Market Cap: €130.6m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

NCC

Market Cap: €20.6b

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

Fasadgruppen Group

Market Cap: €1.9b

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

Konecranes

Market Cap: €5.5b

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

Hitachi Construction Machinery

Market Cap: €1.0t

Manufactures and sells construction machineries worldwide.

Zumtobel Group

Market Cap: €172.3m

Operates in the lighting industry worldwide.

Aalberts

Market Cap: €3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

AerCap Holdings

Market Cap: €21.5b

Engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally.