U.S. Capital Goods Potentially Undervalued Companies

Schneider Electric

Market Cap: US$118.9b

Engages in the energy management and industrial automation businesses worldwide.

ACS Actividades de Construcción y Servicios

Market Cap: US$16.3b

ACS, Actividades de Construcción y Servicios, S.A.

Rheinmetall

Market Cap: US$80.1b

Provides mobility and security technologies in Germany; the rest of Europe; North, Middle, and South America; Asian regions, and internationally.

Lennox International

Market Cap: US$19.6b

Designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally.

Russel Metals

Market Cap: US$2.3b

Engages in the distribution of steel and other metal products in Canada and the United States.

Astec Industries

Market Cap: US$1.1b

Designs, engineers, manufactures, markets, and services equipment and components used primarily in road building and related construction activities worldwide.

Greenbrier Companies

Market Cap: US$1.4b

Designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America.

NPK International

Market Cap: US$878.1m

A temporary worksite access solutions company, manufactures, sells, and rents recyclable composite matting products.

Caterpillar

Market Cap: US$196.3b

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.

Argan

Market Cap: US$3.1b

Through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.

Kajima

Market Cap: US$2.1t

Engages in civil engineering, building construction, real estate development, architectural design, and other businesses worldwide.

Howden Joinery Group

Market Cap: US$4.4b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Manitou BF

Market Cap: US$650.5m

Engages in the development, manufacture, and distribution of equipment and services in the France, Southern Europe, Northern Europe, the Americas, Asia, the Pacific, Africa, and the Middle East.

Rheon Automatic Machinery

Market Cap: US$33.1b

Develops, manufactures, and supplies a range of food processing machines in Japan and internationally.

Hanwa

Market Cap: US$248.0b

Trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan and internationally.

Worley

Market Cap: US$7.5b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Singapore Technologies Engineering

Market Cap: US$23.7b

Operates as a technology, defence, and engineering company worldwide.

Sandvik

Market Cap: US$299.8b

An engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide.

PowerCell Sweden

Market Cap: US$1.6b

Develops and produces fuel cells and fuel cell systems for automotive, marine, and stationary applications in Sweden and internationally.

FLSmidth

Market Cap: US$24.4b

Provides flowsheet technology and service solutions for the mining and cement industries in Denmark, the United States of America, Canada, Chile, Brazil, Peru, Australia, North and South America, Europe, the Middle East, Africa, and Asia.

MISUMI Group

Market Cap: US$632.7b

Engages in the factory automation (FA) and die component businesses in Japan, China, rest of Asia, the Americas, Europe, and internationally.

Water Ways Technologies

Market Cap: US$743.9k

An agriculture technology company, provides water irrigation solutions to agricultural producers in Israel, North America, South and Central America, Asia, Africa, Europe, and internationally.

Semperit Holding

Market Cap: US$267.9m

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

Dycom Industries

Market Cap: US$7.3b

Provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States.

Tornado Infrastructure Equipment

Market Cap: US$264.4m

Through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in North America.

Innovative Solutions and Support

Market Cap: US$228.3m

A systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally.

Hoshizaki

Market Cap: US$809.9b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment worldwide.

Manitowoc Company

Market Cap: US$351.0m

Provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally.

Mitsubishi

Market Cap: US$13.1t

Engages in the global environment and energy, material solutions, metal resources, social infrastructure, mobility, food industry, SLC, and power solutions businesses in Japan and internationally.

Vinci

Market Cap: US$61.1b

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

Kawasaki Heavy Industries

Market Cap: US$1.5t

Engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally.

Knorr-Bremse

Market Cap: US$13.6b

Develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.

JBT Marel

Market Cap: US$7.4b

Provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Central and South America.

Emerson Electric

Market Cap: US$74.3b

A technology and software company, provides various solutions in the Americas, Asia, the Middle East, Africa, and Europe.

Nidec

Market Cap: US$3.6t

Develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally.

Commercial Vehicle Group

Market Cap: US$61.1m

Together its subsidiaries, provides systems, assemblies, and components to the vehicle market and electric vehicle markets; and manufactures customized products in the United States, Mexico, China, the United Kingdom, the Czech Republic, Ukraine, Morocco, Thailand, India, Australia, and internationally.