U.S. Capital Goods Potentially Undervalued Companies

Prysmian

Market Cap: US$15.5b

Produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide.

JELD-WEN Holding

Market Cap: US$291.7m

Designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe.

Titan International

Market Cap: US$448.5m

Manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally.

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.

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.

Makita

Market Cap: US$1.2t

Engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates.

Dragonfly Energy Holdings

Market Cap: US$3.1m

Engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets.

V2X

Market Cap: US$1.5b

Provides critical mission solutions and support services to defense customers worldwide.

Atkore

Market Cap: US$2.2b

Engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally.

Fujikura

Market Cap: US$1.7t

Engages in energy, telecommunications, electronics, automotive, and real estate businesses in Japan, the United States, China, and internationally.

Gates Industrial

Market Cap: US$5.4b

Manufactures and sells engineered power transmission and fluid power solutions worldwide.

ITT

Market Cap: US$11.7b

Manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in North America, Europe, Asia, the Middle East, Africa, and South America.

MRC Global

Market Cap: US$1.1b

Through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States and internationally.

ITOCHU

Market Cap: US$10.7t

Engages in trading and importing/exporting various products worldwide.

Advanced Drainage Systems

Market Cap: US$8.6b

Designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally.

GrafTech International

Market Cap: US$248.0m

Research, develops, manufactures, and sells graphite and carbon-based solutions worldwide.

Russel Metals

Market Cap: US$2.4b

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

Toromont Industries

Market Cap: US$9.5b

Provides specialized capital equipment in Canada, the United States, and internationally.

Kurita Water Industries

Market Cap: US$578.4b

Engages in the provision of various water treatment solutions in North America, South America, Europe, and internationally.

Lion Electric

Market Cap: US$9.5m

Designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America.

Caesarstone

Market Cap: US$61.9m

Designs, develops, manufactures, and sells engineered stone and porcelain products under Caesarstone and other brands in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel.

Kajima

Market Cap: US$1.7t

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

Metso Oyj

Market Cap: US$8.5b

Provides technologies, end-to-end solutions, and services for the 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.

Alfa Laval

Market Cap: US$167.5b

Provides heat transfer, separation, and fluid handling products and solutions worldwide.

Volex

Market Cap: US$508.6m

Manufactures and sells power and data cables in North America, Europe, and Asia.

Barloworld

Market Cap: US$19.9b

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

Million Hope Industries Holdings

Market Cap: US$164.8m

An investment holding company, engages in the design, supply, and installation of facades and curtain wall systems primarily in Hong Kong and Mainland China.

Travis Perkins

Market Cap: US$1.3b

Engages in distribution of building material products in the United Kingdom.

Howden Joinery Group

Market Cap: US$4.6b

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

Obayashi

Market Cap: US$1.5t

Engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania.

Bystronic

Market Cap: US$593.8m

Through its subsidiaries, engages in the provision of sheet metal processing solutions for cutting, bending, and automation worldwide.

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 and factory systems in Japan and internationally.

Lisi

Market Cap: US$1.4b

Designs and produces assembly and component solutions for the aerospace, automotive, and medical sectors in France and internationally.

Sensata Technologies Holding

Market Cap: US$3.7b

Develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally.

Dycom Industries

Market Cap: US$6.5b

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