Global Capital Goods Potentially Undervalued Companies

Ningbo Deye Technology Group

Market Cap: CN¥53.2b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Beijing New Building Materials

Market Cap: CN¥48.4b

Manufactures and sells building materials in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥31.0b

Manufactures and sells power distribution and utilization systems in China and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.8b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Acrow

Market Cap: AU$317.2m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Goldwind Science&Technology

Market Cap: CN¥36.2b

Provides wind power solutions in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Aalberts

Market Cap: €3.3b

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

Bidvest Group

Market Cap: €82.8b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

urban-gro

Market Cap: US$4.3m

Engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe.

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.

Ag Growth International

Market Cap: CA$712.3m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

ADENTRA

Market Cap: CA$643.1m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Nilfisk Holding

Market Cap: €2.5b

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

Alta Equipment Group

Market Cap: US$157.7m

Owns and operates integrated equipment dealership platforms in the United States and Canada.

INDUS Holding

Market Cap: €546.5m

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

Griffon

Market Cap: US$3.2b

Through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.

Xiamen C&D

Market Cap: CN¥29.2b

Engages in the supply chain and real estate development businesses in China and internationally.

AME Elite Consortium Berhad

Market Cap: RM 1.0b

An investment holding company, engages in the design, development, and construction of manufacturing plants and industrial parks in Malaysia.

Cenergy Holdings

Market Cap: €2.1b

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

NRW Holdings

Market Cap: AU$1.3b

Through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia.

Sunwoda ElectronicLtd

Market Cap: CN¥33.7b

Engages in the research and development, design, production, and sale of lithium-ion battery modules.

Shanghai Tunnel Engineering

Market Cap: CN¥19.1b

Engages in the consulting, planning, design, investment, construction, and operation of urban infrastructure in China and internationally.

China Railway Construction

Market Cap: CN¥101.0b

Engages in the construction business in Mainland China and internationally.

KAP

Market Cap: R6.3b

Engages in industrial, chemical, and logistics businesses in South Africa, rest of Africa, the Americas, Europe, the Middle East, and Australasia.

Alta Equipment Group

Market Cap: €157.7m

Owns and operates integrated equipment dealership platforms in the United States and Canada.

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.

CIMC Vehicles (Group)

Market Cap: CN¥15.7b

Designs, develops, produces, and sells specialty vehicles, semi-trailers, spare parts, and related technical services in China.

Palfinger

Market Cap: €1.0b

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

Ashtead Technology Holdings

Market Cap: €342.7m

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

Builders FirstSource

Market Cap: US$11.9b

Manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States.

Keller Group

Market Cap: UK£1.1b

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

Gibraltar Industries

Market Cap: US$1.7b

Manufactures and provides products and services for the residential, renewable energy, agtech, and infrastructure markets in the United States 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.

DAIHEN

Market Cap: €146.1b

Manufactures and sells transformers, welding machines, and industrial and clean transport robots.