Italian Capital Goods Potentially Undervalued Companies

Koenig & Bauer

Market Cap: €168.6m

Develops and manufactures printing and postprint systems worldwide.

Altea Green Power

Market Cap: €119.8m

Supplies and manages renewable energy plants in Italy and the United States.

INDUS Holding

Market Cap: €679.6m

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

Webuild

Market Cap: €3.4b

Engages in the construction businesses worldwide.

ILPRA

Market Cap: €68.0m

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

CNH Industrial

Market Cap: €11.8b

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.

Textron

Market Cap: €14.7b

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

Andritz

Market Cap: €6.4b

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

AB Volvo

Market Cap: €603.2b

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

Lemon Sistemi

Market Cap: €14.7m

Designs, constructs, and installs photovoltaic systems and solar thermal systems.

Builders FirstSource

Market Cap: €12.2b

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

EdiliziAcrobatica

Market Cap: €38.3m

Engages in outdoor construction works in Italy, France, Spain, Monaco, and the United Arab Emirates.

Krones

Market Cap: €4.2b

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.

Lockheed Martin

Market Cap: €105.6b

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: €27.4m

Primarily invests in non-performing and alternative assets.

Snap-on

Market Cap: €18.1b

Manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide.

Huntington Ingalls Industries

Market Cap: €12.0b

Designs, builds, overhauls, and repairs military ships in the United States.

Traton

Market Cap: €14.8b

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.

Airbus

Market Cap: €155.3b

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

Daimler Truck Holding

Market Cap: €28.8b

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

Vimi Fasteners

Market Cap: €15.3m

Manufactures and supplies various fastener systems for the automotive, industrial engine and vehicle, oil and gas, and aerospace and motorsport markets in Italy and internationally.

Aumann

Market Cap: €160.5m

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.

MTU Aero Engines

Market Cap: €18.9b

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.

Konecranes

Market Cap: €7.1b

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

Valmet Oyj

Market Cap: €5.3b

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.

Palingeo

Market Cap: €44.6m

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

WillScot Holdings

Market Cap: €3.7b

Provides turnkey temporary space solutions in the United States, Canada, and Mexico.

Husqvarna

Market Cap: €26.4b

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

Boeing

Market Cap: €153.5b

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

DEUTZ

Market Cap: €1.2b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Ariston Holding

Market Cap: €1.5b

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

United Rentals

Market Cap: €50.7b

Through its subsidiaries, operates as an equipment rental company.

Somec

Market Cap: €103.0m

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.

Vinext

Market Cap: €8.3m

A winemaking technology and environmental company, engages in the designing, research, production, testing, and marketing of products and machinery for wine, beer, and agri-food sectors.

Carrier Global

Market Cap: €45.7b

Provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally.

L3Harris Technologies

Market Cap: €52.1b

Provides mission-critical solutions for government and commercial customers worldwide.