German Capital Goods Potentially Undervalued Companies

Dürr

Market Cap: €1.4b

Operates as a mechanical and plant engineering company worldwide.

OSG

Market Cap: €171.1b

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

EnerSys

Market Cap: €4.1b

Engages in the provision of stored energy solutions for industrial applications worldwide.

MINEBEA MITSUMI

Market Cap: €1.1t

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

Thoresen Thai Agencies

Market Cap: €8.8b

Operates as a shipping company in Asia, Africa, the United States, Europe, and Oceania.

Strabag

Market Cap: €9.0b

Engages in the construction projects in the fields of transportation infrastructures, building construction, and civil engineering.

Rush Enterprises

Market Cap: €4.5b

Through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada.

Strabag

Market Cap: €9.0b

Engages in the construction projects in the fields of transportation infrastructures, building construction, and civil engineering.

ZMJ Group

Market Cap: €43.4b

Manufactures and sells coal mining and excavating equipment for coal mining industry in the People’s Republic of China, Germany, and internationally.

Muehlhan

Market Cap: €31.9m

Provides surface protection and industrial services worldwide.

Lian Beng Group

Market Cap: €339.8m

Lian Beng Group Ltd, an investment holding company, engages in the construction business in Singapore and internationally.

Muehlhan

Market Cap: €31.9m

Provides surface protection and industrial services worldwide.

InnoTec TSS

Market Cap: €68.4m

Through its subsidiaries, produces and sells exterior door panels for the construction industry in Germany, Europe, and internationally.

Austal

Market Cap: €3.0b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Wielton

Market Cap: €443.8m

Manufactures and sells semi-trailers, trailers, and car bodies in Europe, Asia, and Africa.

Siemens

Market Cap: €173.6b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Brenntag

Market Cap: €7.2b

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

Fortive

Market Cap: €16.3b

Designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally.

Douglas Dynamics

Market Cap: €720.7m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.

TPI Composites

Market Cap: €1.6m

Manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India.

Boeing

Market Cap: €161.5b

Designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.

KHD Humboldt Wedag Vermögensverwaltungs-AG

Market Cap: €2.7m

An asset-management company, focuses on managing its own assets.

Dr. Hönle

Market Cap: €51.5m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Guoco Group

Market Cap: €25.0b

An investment holding company, engages in the principal investment, property investment and development, hospitality and leisure, and financial service businesses.

Alpha Pro Tech

Market Cap: €50.4m

Develops, manufactures, and markets a range of disposable protective apparel and infection control products in the United States and internationally.

Tokyu Construction

Market Cap: €122.1b

Engages in the civil engineering and building construction businesses in Japan.

Decisive Dividend

Market Cap: €144.0m

Through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and fireplaces in Canada, the United States, and internationally.

Sitowise Group Oyj

Market Cap: €86.4m

Provides buildings, infrastructure, and digital solutions in Finland, Sweden, and internationally.

Multiconsult

Market Cap: €4.8b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Glory

Market Cap: €203.7b

Develops, manufactures and sells cash handling machines in Japan, the United States, Europe, and Asia.

OHB

Market Cap: €1.6b

Operates as a space and technology company in Germany, rest of Europe, and internationally.

Fuji SeikiLtd

Market Cap: €2.2b

Manufactures and sells precision molds, molding systems, and precision molded components in Japan, China, Indonesia, and internationally.

Precia

Market Cap: €152.5m

Designs, manufactures, sells, and services weighing solutions.

Astra International

Market Cap: €237.8t

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

CAE

Market Cap: €12.7b

Provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas.

Compagnie de Saint-Gobain

Market Cap: €49.9b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.