U.K. Capital Goods Potentially Undervalued Companies

INDUS Holding

Market Cap: €562.6m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Aalberts

Market Cap: €3.4b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Keller Group

Market Cap: UK£1.1b

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

Palfinger

Market Cap: €1.0b

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

TKH Group

Market Cap: €1.5b

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

Van Elle Holdings

Market Cap: UK£43.8m

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

Nilfisk Holding

Market Cap: DKK 2.4b

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

Keller Group

Market Cap: UK£1.1b

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

Danieli & C. Officine Meccaniche

Market Cap: €2.3b

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

Cenergy Holdings

Market Cap: €2.1b

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

Heidelberger Druckmaschinen

Market Cap: €441.3m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

JOST Werke

Market Cap: €755.4m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, Pacific, and Africa.

Fugro

Market Cap: €1.2b

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

technotrans

Market Cap: €127.1m

Operates as a technology and services company worldwide.

Klöckner & Co

Market Cap: €666.3m

Distributes steel and metal products in Germany, Switzerland, France, the united states, and internationally.

Ashtead Technology Holdings

Market Cap: UK£357.6m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Forbo Holding

Market Cap: CHF 1.2b

Produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Europe, the Americas, Asia Pacific, and Africa.

Eurocell

Market Cap: UK£153.1m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Fortune Brands Innovations

Market Cap: US$6.0b

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.

HSS Hire Group

Market Cap: UK£49.6m

Provides tool and equipment hire, and related services in the United Kingdom and the Republic of Ireland.

Morgan Advanced Materials

Market Cap: UK£605.8m

Manufactures and sells various carbon and ceramic products.

Macfarlane Group

Market Cap: UK£183.2m

Through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe.

Konecranes

Market Cap: €5.5b

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

AB SKF

Market Cap: SEK 95.0b

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

AB Volvo

Market Cap: SEK 545.9b

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

Eolus Vind

Market Cap: SEK 1.3b

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.

Signify

Market Cap: €2.7b

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

Peab

Market Cap: SEK 23.8b

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

Eurocell

Market Cap: UK£153.1m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Eneraqua Technologies

Market Cap: UK£9.6m

Provides turnkey solutions for water efficiency and decarbonization through district heating and ground source heat pump systems for commercial clients, and social housing and residential sectors.

Komax Holding

Market Cap: CHF 590.3m

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

Eiffage

Market Cap: €11.3b

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.

Bunzl

Market Cap: UK£7.9b

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

DCC

Market Cap: UK£4.6b

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

DEME Group

Market Cap: €3.5b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Andritz

Market Cap: €5.9b

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.