U.K. Capital Goods Potentially Undervalued Companies

Instalco

Market Cap: SEK 7.2b

Provides installation services in the electrical, heating and plumbing, ventilation, technical consulting, and industrial areas in Sweden and rest of the Nordics.

NKT

Market Cap: DKK 34.0b

Designs, manufactures, and installs low, medium, and high voltage power cable solutions in Denmark.

QinetiQ Group

Market Cap: UK£2.8b

Provides science and technology solution in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

Lockheed Martin

Market Cap: US$113.5b

An aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.

Husqvarna

Market Cap: SEK 29.3b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Manitou BF

Market Cap: €718.7m

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.

Koninklijke Heijmans

Market Cap: €1.6b

Engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally.

GEA Group

Market Cap: €10.4b

Produces and supplies systems and components to the food, beverage, and pharmaceutical industries worldwide.

McPhy Energy

Market Cap: €4.4m

Designs and manufactures a range of hydrogen production and valorization equipment in France, Italy, and Germany.

Recticel

Market Cap: €518.5m

An insulation company, provides thermal and thermo-acoustic solutions in Belgium, France, the Netherlands, Germany, Slovenia, other European Union countries, the United Kingdom, the United States, and internationally.

Mpac Group

Market Cap: UK£97.0m

Provides packaging and automation solutions to healthcare, clean energy, and food and beverage sectors worldwide.

Nexans

Market Cap: €5.8b

Manufactures and sells cables in France, Canada, Norway, Germany, and internationally.

Vinci

Market Cap: €62.3b

Engages in concessions, energy, and construction businesses in France and internationally.

Bucher Industries

Market Cap: CHF 4.0b

Engages in the manufacture and sale of machinery, systems, and hydraulic components for harvesting, producing and packaging food products, and keeping roads and public spaces clean and safe in Asia, the United States, Europe, and internationally.

Mincon Group

Market Cap: UK£89.2m

Engages in designing, manufacturing, selling, and servicing of rock drilling tools and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa.

Avingtrans

Market Cap: UK£153.5m

Provides engineered components, systems, and services to the energy, medical, and infrastructure industries.

FACC

Market Cap: €424.9m

Engages in the development, production, and maintenance of aircraft components worldwide.

Morgan Sindall Group

Market Cap: UK£2.0b

Operates as a construction and regeneration company in the United Kingdom.

MBB

Market Cap: €911.1m

Engages in the acquisition and management of medium-sized companies primarily in the technology and engineering sectors in Germany and internationally.

Checkit

Market Cap: UK£16.7m

Operates as a provider of predictive operations for large facilities and multi-site locations in the United Kingdom and the Americas.

Interpump Group

Market Cap: €4.2b

Engages in the manufacturing and selling of high-pressure pumps in Italy, Europe, North America, Pacific area, and internationally.

Rolls-Royce Holdings

Market Cap: UK£98.5b

Develops and delivers mission-critical power systems in the United Kingdom and internationally.

Rockwool

Market Cap: DKK 48.8b

Produces and sells stone wool insulation products in Western Europe, Eastern Europe, Russia, North America, Asia, and internationally.

Northrop Grumman

Market Cap: US$83.9b

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

Peab

Market Cap: SEK 22.1b

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

NCC

Market Cap: SEK 20.6b

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

ASSA ABLOY

Market Cap: SEK 356.8b

Provides door opening and access products for the institutional, commercial, and residential markets.

Nekkar

Market Cap: NOK 989.6m

Operates as an industrial company builder in Europe, Turkey, Asia, Australia, New Zealand, North America, the United Arab Emirates, Africa, the United States, South America, India, Norway, and internationally.

Azelis Group

Market Cap: €2.8b

Engages in the distribution and sale of specialty chemicals and food ingredients.

Arbonia

Market Cap: CHF 390.8m

Engages in supply of interior doors crafted from wood and glass in in Switzerland and internationally.

GEA Group

Market Cap: €10.3b

Produces and supplies systems and components to the food, beverage, and pharmaceutical industries worldwide.

Compagnie de Saint-Gobain

Market Cap: €43.5b

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

Nilfisk Holding

Market Cap: DKK 3.2b

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

QinetiQ Group

Market Cap: UK£2.8b

Provides science and technology solution in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally.

Ashtead Group

Market Cap: UK£21.6b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

Compagnie d'Entreprises CFE

Market Cap: €219.6m

Engages in the real estate, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.