U.S. Capital Goods Potentially Undervalued Companies

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.

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.

HydrogenPro

Market Cap: US$631.1m

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

Hikari Tsushin

Market Cap: US$1.7t

A holding company, engages in the sale of communication-related products in Japan.

Hitachi

Market Cap: US$17.4t

Provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally.

Sumitomo

Market Cap: US$4.4t

Engages in general trading business.

Blink Charging

Market Cap: US$72.4m

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

Nordson

Market Cap: US$11.1b

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids.

Columbus McKinnon

Market Cap: US$473.0m

Designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.

ConnectM Technology Solutions

Market Cap: US$7.5m

A clean technology company, provides a digital platform for the electrification and decarbonization needs of homeowners in the United States and India.

Titan Machinery

Market Cap: US$454.8m

Owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia.

Wajax

Market Cap: US$510.2m

Provides industrial products and services in Canada.

Dover

Market Cap: US$24.7b

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

Matrix Service

Market Cap: US$332.4m

Provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally.

California Nanotechnologies

Market Cap: US$30.4m

Engages in the research, development, and production of nanocrystalline materials through grain size reduction.

A2Z Cust2Mate Solutions

Market Cap: US$318.5m

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

SolarBank

Market Cap: US$85.8m

Operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States.

BlueLinx Holdings

Market Cap: US$533.6m

Engages in the distribution of residential and commercial building products in the United States.

Furukawa Electric

Market Cap: US$459.3b

Manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide.

ATI

Market Cap: US$10.6b

Produces and sells specialty materials and complex components worldwide.

Quanex Building Products

Market Cap: US$824.9m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

Miller Industries

Market Cap: US$512.8m

Manufactures and sells towing and recovery equipment.

Koç Holding

Market Cap: US$374.3b

Through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally.

Balfour Beatty

Market Cap: US$2.5b

Balfour Beatty plc finances, develops, builds, maintains, and operates infrastructure in the United Kingdom, the United States, and internationally.

ABB

Market Cap: US$85.5b

Provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally.

Archer Aviation

Market Cap: US$5.8b

Designs and develops aircraft and related technologies and services in the United States and internationally.

EHang Holdings

Market Cap: US$1.2b

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.

Compagnie de Saint-Gobain

Market Cap: US$48.5b

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

Aboitiz Equity Ventures

Market Cap: US$198.5b

Through its subsidiaries, engages in power, banking and financial services, food, infrastructure, land, and data science and artificial intelligence businesses in the Philippines and rest of Asia.

Ackermans & Van Haaren

Market Cap: US$7.5b

Engages in the marine engineering and contracting, private banking, real estate and senior care, energy and resources, and growth capital businesses worldwide.

DEUTZ

Market Cap: US$976.2m

Develops, manufactures, and sells diesel and gas engines in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Hexagon Composites

Market Cap: US$3.6b

Engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels in Europe, North America, South-East Asia, Africa, Oceania, and Norway.

Chudenko

Market Cap: US$162.6b

Operates as an equipment engineering company in Japan.

Applied Industrial Technologies

Market Cap: US$8.5b

Distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica.

Energy Recovery

Market Cap: US$678.5m

Designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe.

Japan Steel Works

Market Cap: US$475.7b

Engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally.