U.K. Capital Goods Potentially Undervalued Companies

Morgan Advanced Materials

Market Cap: UK£507.0m

Manufactures and sells various carbon and ceramic products in the United Kingdom.

IMI

Market Cap: UK£4.2b

An engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa.

Senior

Market Cap: UK£496.6m

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.

Eolus Vind

Market Cap: SEK 1.2b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states.

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.

Peab

Market Cap: SEK 19.8b

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

Middleby

Market Cap: US$7.1b

Designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.

Fluor

Market Cap: US$5.6b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

AB SKF

Market Cap: SEK 78.1b

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

AB Volvo

Market Cap: SEK 491.7b

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

Konecranes

Market Cap: €4.1b

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

Fortune Brands Innovations

Market Cap: US$6.4b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Renold

Market Cap: UK£86.9m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Keller Group

Market Cap: UK£991.6m

Provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa.

DCC

Market Cap: UK£4.7b

Engages in the sales, marketing, and distribution of carbon energy solutions worldwide.

Nilfisk Holding

Market Cap: DKK 2.1b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Keller Group

Market Cap: UK£991.6m

Provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa.

Palfinger

Market Cap: €883.1m

Produces and sells crane and lifting solutions in Austria and internationally.

Andritz

Market Cap: €5.0b

Provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally.

Komax Holding

Market Cap: CHF 472.4m

Engages in the automated wire processing business in Europe, North America, South America, the Asia/Pacific, and Africa.

DCC

Market Cap: UK£4.7b

Engages in the sales, marketing, and distribution of carbon energy solutions worldwide.

Van Elle Holdings

Market Cap: UK£35.9m

Operates as a geotechnical and ground engineering contractor in the United Kingdom.

TKH Group

Market Cap: €1.3b

Develops and delivers smart vision, smart manufacturing, and smart connectivity systems in the Netherlands, rest of Europe, Asia, North America, and internationally.

Textron

Market Cap: US$11.9b

Operates in the aircraft, defense, industrial, and finance businesses worldwide.

Zehnder Group

Market Cap: CHF 534.0m

Develops, manufactures, and sells indoor climate systems in Europe, North America, and China.

Eiffage

Market Cap: €9.6b

Engages in the construction, property development, urban development, civil engineering, metallic construction, roads, energy systems, and concessions businesses in France, rest of Europe, and internationally.

Krones

Market Cap: €3.6b

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.

Luceco

Market Cap: UK£178.4m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

Manitou BF

Market Cap: €641.3m

Engages in the development, manufacture, and distribution of equipment and services in the France, Southern Europe, Northern Europe, the Americas, Asia, the Pacific, Africa, and the Middle East.

QinetiQ Group

Market Cap: UK£2.1b

Operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

Danieli & C. Officine Meccaniche

Market Cap: €1.8b

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

Senior

Market Cap: UK£496.6m

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.

Galliford Try Holdings

Market Cap: UK£340.4m

Operates in the construction business in the United Kingdom.

Galliford Try Holdings

Market Cap: UK£340.4m

Operates in the construction business in the United Kingdom.

Cenergy Holdings

Market Cap: €1.7b

Manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium and internationally.

Stabilus

Market Cap: €545.9m

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.