U.S. Capital Goods Potentially Undervalued Companies

Daikin IndustriesLtd

Market Cap: US$5.3t

Manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally.

McGrath RentCorp

Market Cap: US$3.0b

Operates as a business-to-business rental company in the United States and internationally.

Tecnoglass

Market Cap: US$3.3b

Manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally.

Siemens

Market Cap: US$178.6b

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.

Astronics

Market Cap: US$1.3b

Through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally.

Espey Mfg. & Electronics

Market Cap: US$125.9m

A power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States.

Lonking Holdings

Market Cap: US$11.8b

An investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China and internationally.

Jardine Cycle & Carriage

Market Cap: US$10.8b

An investment holding company, engages in providing the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

GenusPlus Group

Market Cap: US$515.3m

Engages in the installation, construction, and maintenance of power and communication systems in Australia.

Barloworld

Market Cap: US$18.8b

Operates as an industrial processing, distribution, and services company in Southern Africa, the United Kingdom, Australia, Russia, and Mongolia.

MINEBEA MITSUMI

Market Cap: US$1.0t

Manufactures and supplies machined components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

Noritsu Koki

Market Cap: US$114.5b

Manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

HydrogenPro

Market Cap: US$631.1m

Engages in designing and delivering green hydrogen technology and systems in Norway, Europe, the United States, and the Asia Pacific.

NSK

Market Cap: US$312.4b

Manufactures and sells industrial machinery bearings, automotive products, and precision machinery and parts worldwide.

AGC

Market Cap: US$984.5b

Manufactures and sells glass, electronics, chemicals, automotive, and ceramics worldwide.

Semperit Holding

Market Cap: US$269.5m

Develops, produces, and sells rubber products for the medical and industrial sectors worldwide.

JGC Holdings

Market Cap: US$346.3b

Provides engineering, procurement, and construction services.

Takasago Thermal Engineering

Market Cap: US$572.7b

Designs, constructs, manufactures, sells, and installs heating, ventilation, and air conditioning (HVAC) systems in Japan and internationally.

Hexagon Composites

Market Cap: US$3.3b

Provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide.

Keppel

Market Cap: US$15.6b

An investment holding company, engages in the infrastructure, real estate, and connectivity businesses in Singapore, China, Hong Kong, other Far East and ASEAN countries, and internationally.

Limbach Holdings

Market Cap: US$1.3b

Operates as a building systems solution company in the United States.

Bodycote

Market Cap: US$1.1b

Provides heat treatment and thermal processing services worldwide.

Aecon Group

Market Cap: US$1.3b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

Preformed Line Products

Market Cap: US$933.9m

Designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries.

Blink Charging

Market Cap: US$114.1m

Through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally.

Stem

Market Cap: US$121.1m

Provides artificial intelligence driven software and services that enable its customers to plan, deploy, and operate clean energy assets in the United States and internationally.

Safran

Market Cap: US$117.7b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.

Douglas Dynamics

Market Cap: US$754.4m

Operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.

Blue Bird

Market Cap: US$1.8b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

CK Hutchison Holdings

Market Cap: US$194.0b

An investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

A2Z Cust2Mate Solutions

Market Cap: US$310.1m

A technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally.

WESCO International

Market Cap: US$10.6b

Provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally.

Dover

Market Cap: US$24.0b

Provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.

L3Harris Technologies

Market Cap: US$51.1b

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

EHang Holdings

Market Cap: US$1.1b

Operates as an urban air mobility (UAM) technology platform company in the People’s Republic of China, East Asia, West Asia, North America, South America, West Africa, and Europe.

Ultralife

Market Cap: US$112.3m

Designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide.