U.K. Capital Goods Potentially Undervalued Companies

Eurocell

Market Cap: UK£129.1m

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.

Husqvarna

Market Cap: SEK 27.9b

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

Vestas Wind Systems

Market Cap: DKK 119.4b

Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.

Cadeler

Market Cap: NOK 18.1b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Komax Holding

Market Cap: CHF 377.6m

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

Exel Composites Oyj

Market Cap: €41.2m

Manufactures and sells composite profiles and tubes made with pultrusion, pull-winding, and continuous lamination processes in Europe, North America, the Asia Pacific, and internationally.

Cummins

Market Cap: US$58.4b

Offers various power solutions worldwide.

Hexagon Composites

Market Cap: NOK 3.1b

Provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide.

Bunzl

Market Cap: UK£7.7b

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

Singulus Technologies

Market Cap: €13.5m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

DCC

Market Cap: UK£4.7b

Engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally.

Bunzl

Market Cap: UK£7.7b

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

Lords Group Trading

Market Cap: UK£52.4m

Distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers.

DCC

Market Cap: UK£4.7b

Engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally.

Multiconsult

Market Cap: NOK 4.8b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Aumann

Market Cap: €178.7m

Manufactures and sells specialized machines and production lines for electromobility, automation, and robot applications in Germany, rest of Europe, the United States, Canada, Mexico, China, and internationally.

Andritz

Market Cap: €5.9b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Krones

Market Cap: €3.9b

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.

Textron

Market Cap: US$14.7b

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

Rieter Holding

Market Cap: CHF 35.6m

Supplies systems for manufacturing yarn from staple fibers in spinning mills in Switzerland and internationally.

Sulzer

Market Cap: CHF 4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

DEME Group

Market Cap: €3.1b

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.

VBG Group

Market Cap: SEK 7.9b

Develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, the United States, rest of North America, Brazil, Australia, New Zealand, China, and internationally.

Renew Holdings

Market Cap: UK£638.8m

Provides engineering services in the United Kingdom.

KSB SE KGaA

Market Cap: €1.6b

Manufactures and supplies pumps, valves, and related services worldwide.

Genuit Group

Market Cap: UK£840.1m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

Deceuninck

Market Cap: €283.4m

Engages in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally.

Danieli & C. Officine Meccaniche

Market Cap: €2.5b

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

Webuild

Market Cap: €3.5b

Engages in the construction businesses worldwide.

Manitou BF

Market Cap: €714.1m

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.

Ariston Holding

Market Cap: €1.5b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.

Metlen Energy & Metals

Market Cap: €6.3b

Operates as an industrial and energy company with focus on the metals and energy sectors worldwide.

Kingspan Group

Market Cap: €12.7b

Provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally.

Speedy Hire

Market Cap: UK£110.3m

Provides tools and equipment hire and services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland.

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.

AB SKF

Market Cap: SEK 104.9b

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