Italian Capital Goods Potentially Undervalued Companies

Maire

Market Cap: €2.5b

MAIRE S.p.A. develops and implements various solutions to enable the energy transition.

AB Volvo

Market Cap: €491.7b

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

Somec

Market Cap: €71.1m

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.

Nordex

Market Cap: €3.6b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

ILPRA

Market Cap: €49.0m

Designs, produces, and sells packaging machines worldwide.

Danieli & C. Officine Meccaniche

Market Cap: €1.8b

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: €106.3b

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

Comer Industries

Market Cap: €753.6m

Designs and produces engineering systems and mechatronic solutions for power transmission applications in Italy and internationally.

Konecranes

Market Cap: €4.1b

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

Andritz

Market Cap: €5.0b

Provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally.

Palingeo

Market Cap: €37.4m

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

Metso Oyj

Market Cap: €6.8b

Provides technologies, end-to-end solutions, and services for aggregates, minerals processing, and metals refining industries in Europe, North and Central America, South America, the Asia Pacific, Greater China, Africa, the Middle East, and India.

Interpump Group

Market Cap: €3.0b

Engages in the manufacturing and selling of high-pressure pumps in Italy, Europe, North America, Pacific area, and internationally.

Compagnie de Saint-Gobain

Market Cap: €22.3b

Designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide.

Ariston Holding

Market Cap: €1.2b

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

Krones

Market Cap: €3.6b

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.

Caterpillar

Market Cap: €140.2b

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.

INDUS Holding

Market Cap: €549.8m

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

Lockheed Martin

Market Cap: €108.8b

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

AB SKF

Market Cap: €78.1b

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

Iveco Group

Market Cap: €3.5b

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.

Borgosesia

Market Cap: €26.5m

Primarily invests in non-performing and alternative assets.

Siemens

Market Cap: €141.4b

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.

ASSA ABLOY

Market Cap: €303.5b

Provides door opening and access products for the institutional, commercial, and residential markets.

Traton

Market Cap: €13.0b

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.

KION GROUP

Market Cap: €4.2b

Provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific.

Next Geosolutions Europe

Market Cap: €383.0m

Provides geoscience and engineering services for energy, infrastructure, and utilities sectors.

Beghelli

Market Cap: €66.9m

Designs, produces, and distributes various energy saving lighting fixtures, electronic systems for domestic and industrial safety, components, and consumer electronics in Italy, European, and internationally.

Vinci

Market Cap: €50.7b

Engages in concessions, energy, and construction businesses in France and internationally.

General Dynamics

Market Cap: €72.8b

Operates as an aerospace and defense company worldwide.

MTU Aero Engines

Market Cap: €14.5b

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.

Innovatec

Market Cap: €20.3m

Provides technologies, processes, products, and services in the areas of energy efficiency and renewables in Italy.

ELSA Solutions

Market Cap: €6.2m

Provides products and solutions for automation and motion control.

STEICO

Market Cap: €297.9m

Develops, produces, and markets ecological construction products made of renewable raw materials in Germany, other European Union countries, and internationally.

Daimler Truck Holding

Market Cap: €25.2b

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

General Electric

Market Cap: €193.8b

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems.