German Capital Goods Potentially Undervalued Companies

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.

Installux

Market Cap: €88.9m

Designs, manufactures, distributes, and markets aluminum profiles and accessories to building finishing industry in France and internationally.

Wielton

Market Cap: €443.8m

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

Cummins

Market Cap: €57.6b

Offers various power solutions worldwide.

Azkoyen

Market Cap: €205.3m

Designs, manufactures, and markets technology solutions in Spain and internationally.

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.

Decisive Dividend

Market Cap: €144.2m

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

Dr. Hönle

Market Cap: €52.0m

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

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.

Douglas Dynamics

Market Cap: €720.7m

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

Honeywell International

Market Cap: €131.9b

Engages in the aerospace technologies, industrial automation, building automation, and energy and sustainable solutions businesses in the United States, Europe, and internationally.

KHD Humboldt Wedag Vermögensverwaltungs-AG

Market Cap: €2.7m

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

MTU Aero Engines

Market Cap: €19.6b

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.

Northrop Grumman

Market Cap: €83.9b

Operates as an aerospace and defense technology company in the United States, the Asia/Pacific, Europe, and internationally.

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.

Dr. Hönle

Market Cap: €52.0m

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

OHB

Market Cap: €1.5b

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

Italian-Thai Development

Market Cap: €1.8b

Engages in the construction business in Thailand, India, Bangladesh, and internationally.

CRRC

Market Cap: €201.3b

CRRC Corporation Limited, with its subsidiaries, engages in the research and development, design, manufacture, refurbishment, sale, leasing, and technical servicing of railway locomotives in Mainland China and internationally.

Cerinnov Group

Market Cap: €2.5m

Designs, manufactures, and markets of machines and equipment for the ceramics, heat treatment, and glass industries in France, rest of Europe, the Americas, Asia, Oceania, and the Middle East.

Masterflex

Market Cap: €124.6m

Develops, manufactures, and distributes high-tech hoses and connecting systems for various industrial and manufacturing applications in Germany, Rest of Europe, and internationally.

L.B. Foster

Market Cap: €284.7m

Provides engineered and manufactured products and services for building and supporting infrastructure in the United States, Canada, the United Kingdom, and internationally.

Nordwest Handel

Market Cap: €63.5m

Provides procurement, logistics, and sales services.

Art's-Way Manufacturing

Market Cap: €13.8m

Manufactures and sells agricultural equipment, and specialized modular science and agricultural buildings worldwide.

NTN

Market Cap: €183.3b

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

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.

Deere

Market Cap: €126.8b

Engages in the manufacture and distribution of various equipment worldwide.

Shibaura MachineLtd

Market Cap: €100.6b

Engages in the manufacture and sale of various machines in Japan and internationally.

Nolato

Market Cap: €15.6b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

Lisi

Market Cap: €2.1b

Designs and produces assembly and component solutions for the aerospace, automotive, and medical sectors in France and internationally.

Griffon

Market Cap: €3.5b

Through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.

Chemring Group

Market Cap: €1.5b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.

Nidec

Market Cap: €3.1t

Develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally.

Senior

Market Cap: €794.4m

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.

Colt CZ Group

Market Cap: €43.6b

Engages in the production and sale of firearms, ammunition products, and tactical accessories in the Czech Republic, Canada the United States, rest of Europe, Africa, Asia, and internationally.

Nikkiso

Market Cap: €96.8b

Engages in industrial, aerospace, and medical businesses worldwide.