U.S. Capital Goods Potentially Undervalued Companies

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.

Singapore Technologies Engineering

Market Cap: US$24.0b

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

Sandvik

Market Cap: US$299.9b

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

Worley

Market Cap: US$7.6b

Engages in the energy, chemicals, and resources businesses in Australia 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$275.7m

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

Bonheur

Market Cap: US$9.8b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Ebara

Market Cap: US$1.1t

Manufactures and sells industrial machinery.

Alfen

Market Cap: US$254.5m

Through its subsidiaries, engages in the design, engineering, development, production, and service of smart grid solutions, energy storage systems, and electric vehicle charging equipment.

Trelleborg

Market Cap: US$79.9b

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

Wabash National

Market Cap: US$454.0m

Manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States.

Scott Technology

Market Cap: US$166.4m

Engages in the design, manufacture, sale, and servicing of automated and robotic production lines and processes for various industries in New Zealand and internationally.

Lindsay

Market Cap: US$1.5b

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

Air Lease

Market Cap: US$6.7b

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.

Leonardo

Market Cap: US$28.1b

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.

Complete Solaria

Market Cap: US$125.5m

Engages in the provision of solar system sales and installation in the United States.

Huachen AI Parking Management Technology Holding

Market Cap: US$20.7m

A technology company, designs, manufactures, sells, installs, and maintains cubic parking garage and equipment in the People’s Republic of China.

Marubeni

Market Cap: US$5.6t

Marubeni Corporation purchases, distributes, and markets industrial and consumer goods.

Plug Power

Market Cap: US$1.8b

Develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally.

Sunrun

Market Cap: US$3.7b

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

3M

Market Cap: US$82.8b

Provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

Contemporary Amperex Technology

Market Cap: US$1.4t

Engages in the development, production, sale, and energy storage batteries and systems worldwide.

Toyota Tsusho

Market Cap: US$4.2t

Engages in the metals, parts and logistics, mobility, machinery, energy and project, chemicals and electronics, and food and consumer services businesses worldwide.

ATS

Market Cap: US$3.7b

Provides automation solutions worldwide.

Kajima

Market Cap: US$2.1t

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

Distribution Solutions Group

Market Cap: US$1.5b

A specialty distribution company, provides value-added distribution solutions to the maintenance, repair and operations (MRO), original equipment manufacturer, and industrial technology markets.

IMI

Market Cap: US$5.6b

An engineering company, designs, manufactures, and services engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa.

Xtract One Technologies

Market Cap: US$124.3m

Engages in the research, development, and commercialization of threat detection gateway solutions in the United States, Japan, France, the United Kingdom, and Canada.

XP Power

Market Cap: US$249.0m

An investment holding company, designs, manufactures, and sells power supply solutions in Europe, North America, and Asia.

Mueller Water Products

Market Cap: US$4.1b

Manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally.

China State Construction International Holdings

Market Cap: US$56.4b

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

FLSmidth

Market Cap: US$24.5b

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.

Weichai Power

Market Cap: US$141.8b

Engages in the manufacture and sale of diesel engines, automobiles, and other automobile components in China and internationally.

Singapore Technologies Engineering

Market Cap: US$24.0b

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

ASSA ABLOY

Market Cap: US$371.1b

Provides door opening and access products for the institutional, commercial, and residential markets.

CITIC

Market Cap: US$323.5b

Operates in the financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization businesses in the Mainland of China, Hong Kong, Macau, Taiwan, and internationally.