Italian Capital Goods Potentially Undervalued Companies

Koenig & Bauer

Market Cap: €244.9m

Develops and manufactures printing and postprint systems worldwide.

CNH Industrial

Market Cap: €15.7b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

INDUS Holding

Market Cap: €556.4m

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

EdiliziAcrobatica

Market Cap: €49.0m

Engages in outdoor construction works in Italy.

ILPRA

Market Cap: €63.3m

Engages in the design, production, and sale of packaging machines worldwide.

AB Volvo

Market Cap: €590.2b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Krones

Market Cap: €4.1b

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.

Ariston Holding

Market Cap: €1.6b

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

Lockheed Martin

Market Cap: €99.5b

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

Borgosesia

Market Cap: €27.7m

Primarily invests in non-performing and alternative assets.

Traton

Market Cap: €15.9b

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.

Danieli & C. Officine Meccaniche

Market Cap: €2.6b

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

Airbus

Market Cap: €143.1b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

Siemens

Market Cap: €179.7b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Next Geosolutions Europe

Market Cap: €554.4m

Provides marine geoscience and offshore construction support services in Europe, Asia, and North America.

Aumann

Market Cap: €171.9m

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.

Daimler Truck Holding

Market Cap: €31.5b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Dürr

Market Cap: €1.5b

Operates as a mechanical and plant engineering company worldwide.

Andritz

Market Cap: €6.0b

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

Textron

Market Cap: €13.8b

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

Konecranes

Market Cap: €5.9b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, the Asia-Pacific, and internationally.

Palingeo

Market Cap: €41.6m

Provides geotechnical and geognostic services in the civil and infrastructural construction, industrial operator, and public administration sectors in Italy.

TREVI - Finanziaria Industriale

Market Cap: €136.1m

Operates in the soil engineering field.

Caterpillar

Market Cap: €193.3b

Manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally.

3M

Market Cap: €84.1b

Provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

Somec

Market Cap: €94.5m

Somec S.p.A. engineers, designs, and deploys turnkey projects in the civil and naval engineering in Italy, rest of Europe, North America, and internationally.

Cummins

Market Cap: €53.5b

Offers various power solutions worldwide.

Valtecne

Market Cap: €43.7m

Manufactures and sells precision mechanical components in Italy.

AB SKF

Market Cap: €107.4b

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

Brenntag

Market Cap: €8.0b

Engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.

Iveco Group

Market Cap: €4.9b

Engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses and specialty vehicles, combustion engines, alternative propulsion systems, transmissions, axles, engines, alternative propulsion systems, construction equipment, marine, and power generation applications in Europe, South America, North America, and internationally.

Espe

Market Cap: €36.2m

Produces, installs, and manages industrial electric systems worldwide.

Webuild

Market Cap: €4.1b

Engages in the construction businesses worldwide.

Virgin Galactic Holdings

Market Cap: €172.2m

An aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies.

HOCHTIEF

Market Cap: €16.3b

Engages in the construction business worldwide.

Ubaldi Costruzioni

Market Cap: €33.3m

Engages in the construction business in Italy.