U.S. Capital Goods Potentially Undervalued Companies

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.

Ashtead Group

Market Cap: US$18.3b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

LIXIL

Market Cap: US$461.5b

Through its subsidiaries, operates water technology and housing technology business in Japan and internationally.

JBT Marel

Market Cap: US$6.0b

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

Terex

Market Cap: US$3.0b

Provides materials processing machinery and mobile elevating work platform worldwide.

Mitsui

Market Cap: US$8.5t

Operates as an trading and investment company worldwide.

Vinci

Market Cap: US$70.2b

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

Seatrium

Market Cap: US$7.0b

Provides engineering solutions to the offshore, marine, and energy industries.

Xinyi Glass Holdings

Market Cap: US$32.4b

An investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications.

Mitsubishi

Market Cap: US$11.4t

Engages in the natural gas, industrial materials and infrastructure, chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide.

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.

AerCap Holdings

Market Cap: US$19.8b

Engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally.

Sandvik

Market Cap: US$256.5b

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

Badger Infrastructure Solutions

Market Cap: US$1.5b

Provides non-destructive excavating and related services in Canada and the United States.

DCC

Market Cap: US$4.5b

Engages in the sales, marketing, and distribution of carbon energy solutions worldwide.

Stanley Black & Decker

Market Cap: US$10.3b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

Sterling Infrastructure

Market Cap: US$5.5b

Engages in the provision of e-infrastructure, transportation, and building solutions in the United States.

Fluence Energy

Market Cap: US$898.3m

Through its subsidiaries, provides energy storage and optimization software for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

CTF Services

Market Cap: US$29.0b

A conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland.

Horizon Construction Development

Market Cap: US$4.1b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Japan Steel Works

Market Cap: US$407.4b

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

Ebara

Market Cap: US$1.1t

Manufactures and sells industrial machinery.

China State Construction International Holdings

Market Cap: US$58.1b

An investment holding company, engages in the construction business for private and public sectors in Hong Kong, Mainland China, Macau, and internationally.

Trelleborg

Market Cap: US$79.4b

Provides engineered polymer solutions for seal, damp, and protect critical applications worldwide.

Dürr

Market Cap: US$1.5b

Operates as a mechanical and plant engineering company worldwide.

Sekisui Chemical

Market Cap: US$1.0t

Engages in the housing, urban infrastructure and environmental products, high performance plastics, and medical businesses.

Daifuku

Market Cap: US$1.3t

Provides consulting, engineering, design, manufacture, installation, and after-sales services for logistics systems and material handling equipment in Japan and internationally.

Leonardo

Market Cap: US$29.6b

An industrial and technological company, engages in the helicopters, defense electronics and security, cyber security and solutions, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States of America, and internationally.

Spirax Group

Market Cap: US$4.2b

Provides thermal energy and fluid technology solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Air Lease

Market Cap: US$6.4b

An aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines in the Asia Pacific, Europe, the Middle east, Africa, Mexico, Central America, South America, the United States, and Canada.

Enka Insaat ve Sanayi

Market Cap: US$364.7b

Operates as a construction company in Turkey, Russia, Kazakhstan, Georgia, Europe, and internationally.

Sunrun

Market Cap: US$1.5b

Designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States.

MSC Industrial Direct

Market Cap: US$4.4b

Engages in the distribution of metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally.

Alpha Pro Tech

Market Cap: US$48.2m

Develops, manufactures, and markets a range of disposable protective apparel and infection control products in the United States and internationally.

Lindsay

Market Cap: US$1.5b

Provides water management and road infrastructure products and services in the United States and internationally.