U.K. Capital Goods Potentially Undervalued Companies

Husqvarna

Market Cap: SEK 27.9b

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

Fugro

Market Cap: €1.0b

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

Finning International

Market Cap: CA$8.6b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, the United Kingdom, Argentina, and internationally.

Mota-Engil SGPS

Market Cap: €1.6b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Signify

Market Cap: €2.8b

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

Valmet Oyj

Market Cap: €5.6b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, South America, China, Europe, the Middle East, Africa, and the Asia Pacific.

Consti Oyj

Market Cap: €81.9m

Provides renovation contracting and technical building services in Finland.

Husqvarna

Market Cap: SEK 27.9b

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

INDUS Holding

Market Cap: €507.9m

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

AB SKF

Market Cap: SEK 91.9b

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

Raute Oyj

Market Cap: €70.5m

Operates as a technology and service company that serves the wood products industry in Europe, Africa, Finland, North America, South America, Russia, and the Asia-Pacific.

Tesmec

Market Cap: €54.5m

Designs, manufactures, and sells products, technologies, and integrated solutions for the construction, maintenance, and efficiency of infrastructures related to the transport and distribution of energy, data, and material.

SKAKO

Market Cap: DKK 259.2m

Designs, develops, and sells vibratory feeding, conveying, and screening equipment in Europe, North America, Africa, and internationally.

Ferronordic

Market Cap: SEK 1.1b

Sells, rents, and services construction equipment, trucks, and other machines in Kazakhstan, Germany, and the United States.

Balco Group

Market Cap: SEK 527.2m

Engages in developing, manufacturing, selling, and installing balcony systems for tenant-owner associations, private landlords, municipal housing, architects, builders, and shipping companies.

Traton

Market Cap: €14.5b

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.

Renew Holdings

Market Cap: UK£638.8m

Provides engineering services in the United Kingdom.

Bouygues

Market Cap: €14.2b

Operates in the construction, energy, telecom, media, and transport infrastructure sectors in France 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.

Andrews Sykes Group

Market Cap: UK£225.0m

An investment holding company, engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, Rest of Europe, the Middle East, Africa, and internationally.

Koninklijke Heijmans

Market Cap: €1.6b

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

Cambi

Market Cap: NOK 3.1b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Mikron Holding

Market Cap: CHF 303.9m

Develops, produces, and markets automation solutions, machining systems, and cutting tools in the Switzerland, Europe, North America, the Asia Pacific, and internationally.

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.

Goodtech

Market Cap: NOK 258.0m

Provides control systems, digitization, and production solutions for production companies in Norway, Sweden, Finland, Europe, and internationally.

Storskogen Group

Market Cap: SEK 15.8b

Owns and develops small and medium-sized businesses operating in trade, industry, and services business areas.

Stabilus

Market Cap: €603.9m

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.

Masco

Market Cap: US$15.0b

Provides home improvement and building products in North America, Europe, and internationally.

NCC

Market Cap: SEK 20.6b

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

Chemring Group

Market Cap: UK£1.5b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.

Fomento de Construcciones y Contratas

Market Cap: €6.5b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

Schlatter Industries

Market Cap: CHF 24.7m

Manufactures and sells welding and weaving machines worldwide.

technotrans

Market Cap: €118.8m

Operates as a technology and services company worldwide.

Clabo

Market Cap: €14.5m

Designs, produces, and distributes refrigerated display cases and furniture for the food retail market worldwide.

Zumtobel Group

Market Cap: €235.0m

Operates in the lighting industry worldwide.

Nolato

Market Cap: SEK 15.6b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.