German Capital Goods Potentially Undervalued Companies

China Railway Construction

Market Cap: €108.2b

Engages in the construction business in Mainland China and internationally.

Edil San Felice

Market Cap: €86.4m

Engages in the civil and industrial construction business in Italy.

Noritake

Market Cap: €132.4b

Noritake Co., Limited with its subsidiaries, provides industrial, ceramic and material, engineering, and tabletop products in Japan and internationally.

Zhuzhou CRRC Times Electric

Market Cap: €67.8b

Engages in the research and development, design, manufacture and sale of propulsion and control systems to rolling stock industry in Mainland China and internationally.

Jensen-Group

Market Cap: €564.9m

Designs, produces, and supplies single machines, systems, turnkey solutions, and laundry process automation for the heavy-duty laundry industry.

Dassault Aviation société anonyme

Market Cap: €22.0b

Designs and manufactures military aircraft, business jets, and space systems in France, the United States, and internationally.

Reunert

Market Cap: €8.3b

Operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe.

Vestum

Market Cap: €3.2b

Engages in the infrastructure, water, and service businesses in Sweden and internationally.

Eiffage

Market Cap: €10.5b

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

Bunzl

Market Cap: €7.6b

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

STS Group

Market Cap: €25.7m

Supplies components and systems for the commercial vehicle and automotive industry in Germany, France, Mexico, the United States, and China.

Fugro

Market Cap: €1.0b

Provides geo-data services for the infrastructure, energy, and water industries in Europe, Africa, the Americas, the Asia Pacific, the Middle East, and India.

Signify

Market Cap: €2.8b

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

Raute Oyj

Market Cap: €85.0m

Operates as a technology and service company that serves the wood products industry in Europe, Africa, Finland, North America, South America, Russia, and the Asia-Pacific.

GRK Infra Oyj

Market Cap: €550.5m

Provides infrastructure construction services in Finland, Sweden, and Estonia.

Sulzer

Market Cap: €4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

AB SKF

Market Cap: €105.8b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

Exel Composites Oyj

Market Cap: €40.1m

Manufactures and sells composite profiles and tubes made with pultrusion, pull-winding, and continuous lamination processes in Europe, North America, the Asia Pacific, and internationally.

Bouygues

Market Cap: €14.6b

Operates in the construction, energy, telecom, media, and transport infrastructure sectors in France and internationally.

Obayashi

Market Cap: €1.7t

Engages in the construction business in Japan, North America, Asia and internationally.

China International Marine Containers (Group)

Market Cap: €40.0b

Manufactures and sells logistics and energy equipment in China, the United States, Europe, rest of Asia, and internationally.

Stabilus

Market Cap: €599.0m

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.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.8b

Construcciones y Auxiliar de Ferrocarriles, S.A.

WashTec

Market Cap: €513.9m

Provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific.

Taisei

Market Cap: €1.7t

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

Andritz

Market Cap: €5.8b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Airbus

Market Cap: €154.9b

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

Scana

Market Cap: €743.6m

Provides technology and services for the offshore and energy industries in Norway, other European countries, the United States, Asia, and Africa.

AB SKF

Market Cap: €105.8b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

SFS Group

Market Cap: €4.2b

Supplies precision components and assemblies, mechanical fastening systems, tools, and procurement solutions in Switzerland and internationally.

MS Industrie

Market Cap: €43.4m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

Munters Group

Market Cap: €20.6b

Provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia.

Kennametal

Market Cap: €1.6b

Engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide.

Krones

Market Cap: €3.9b

Engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology for the food and beverage industry in Germany and internationally.

Vestas Wind Systems

Market Cap: €120.1b

Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.

Deceuninck

Market Cap: €279.9m

Engages in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally.