U.K. Capital Goods Potentially Undervalued Companies

HSS Hire Group

Market Cap: UK£64.6m

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

Boeing

Market Cap: €163.6b

Designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.

Senior

Market Cap: UK£800.1m

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.

Morgan Advanced Materials

Market Cap: UK£612.2m

Manufactures and sells various carbon and ceramic products.

Avation

Market Cap: UK£110.3m

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide.

Azkoyen

Market Cap: €209.7m

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

Garo Aktiebolag

Market Cap: SEK 965.0m

Develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

Middleby

Market Cap: US$6.8b

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

Melrose Industries

Market Cap: UK£7.5b

Designs and delivers aerospace components and systems for civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally.

Robit Oyj

Market Cap: €25.5m

Engages in the design, manufacture, and sale of drilling consumables for mining, quarrying, construction, and well drilling industries in Finland.

Talgo

Market Cap: €346.0m

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

Eqva

Market Cap: NOK 393.7m

Provides technical solutions and services to maritime and land based industries in Norway and internationally.

3U Holding

Market Cap: €51.0m

Provides telecommunication and information technology services in Germany and internationally.

Precia

Market Cap: €156.8m

Designs, manufactures, sells, and services weighing solutions.

Fluor

Market Cap: US$7.1b

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

NKT

Market Cap: DKK 34.0b

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

Rockwool

Market Cap: DKK 48.8b

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

Fortive

Market Cap: US$16.3b

Designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally.

Azelis Group

Market Cap: €2.8b

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

Hexatronic Group

Market Cap: SEK 4.1b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.

Moury Construct

Market Cap: €235.2m

Engages in the construction and renovation of residential and non-residential buildings for private and public markets in Belgium.

Mersen

Market Cap: €617.2m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

Alexanderwerk

Market Cap: €59.0m

Engages in the development, production, and sale of dry compaction and granulation machines for the chemical, food, life science, nuclear, and pharmaceutical industries worldwide.

SFC Energy

Market Cap: €297.3m

Develops, produces, and distributes systems and solutions for stationary and mobile off-grid power supply based on hydrogen and direct methanol fuel cells worldwide.

Frequentis

Market Cap: €376.6m

Develops and markets communication and information systems for safety-critical control centers in Europe, North America, Asia, Australia, South America, Middle East, Africa, and worldwide.

Thermador Groupe

Market Cap: €736.1m

Engages in the distribution business in France and internationally.

Compagnie d'Entreprises CFE

Market Cap: €244.3m

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

Traton

Market Cap: SEK 14.7b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

Aumann

Market Cap: €173.3m

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.

Kingspan Group

Market Cap: €12.9b

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

SGL Carbon

Market Cap: €404.7m

Manufactures and sells special graphite, carbon fiber, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally.

Renold

Market Cap: UK£160.8m

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

DKSH Holding

Market Cap: CHF 3.5b

Provides various market expansion services in Thailand, Greater China, Malaysia, Singapore, rest of the Asia Pacific, and internationally.

Velocity Composites

Market Cap: UK£11.9m

Provides engineered composite material kits and related products to the aerospace industry in the United Kingdom, Europe, the United States, and internationally.

AB SKF

Market Cap: SEK 104.9b

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

Haulotte Group

Market Cap: €59.7m

Through its subsidiaries, designs, manufactures, and markets people and material lifting equipment.