Spanish Capital Goods Potentially Undervalued Companies

Soltec Power Holdings

Market Cap: €145.3m

Engages in the development of solutions for photovoltaic energy projects in Spain, Italy, Brazil, the United States, Mexico, Argentina, Chile, Colombia, Peru, Panama, Australia, China, India, Thailand, France, Denmark, Egypt, Israel, Portugal, the United Arab Emirates, Romania, and Kenya.

Nicolás Correa

Market Cap: €125.8m

Engages in the design, manufacture, and sale of CNC milling machines in Spain 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.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.8b

Construcciones y Auxiliar de Ferrocarriles, S.A.

Desarrollos Especiales de Sistemas de Anclaje

Market Cap: €33.8m

Desarrollos Especiales de Sistemas de Anclaje, S.A.

CLERHP Estructuras

Market Cap: €61.9m

Engages in structural engineering and construction activities in Spain and internationally.

Azkoyen

Market Cap: €209.2m

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

Airbus

Market Cap: €154.9b

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

Talgo

Market Cap: €341.7m

Designs, manufactures, and maintains high-speed light rail vehicles worldwide.