U.S. Capital Goods Potentially Undervalued Companies

Colt CZ Group

Market Cap: US$41.0b

Engages in the production and sale of firearms, ammunition products, and tactical accessories in the Czech Republic, Canada the United States, rest of Europe, Africa, Asia, and internationally.

Comfort Systems USA

Market Cap: US$24.7b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

Mersen

Market Cap: US$567.3m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

Astra International

Market Cap: US$222.7t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Takeuchi Mfg

Market Cap: US$236.6b

Manufactures and sells construction machinery in Japan and internationally.

Bystronic

Market Cap: US$760.0m

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

Mersen

Market Cap: US$567.3m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

Eurocell

Market Cap: US$131.2m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Heidelberger Druckmaschinen

Market Cap: US$577.0m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

First Tractor

Market Cap: US$13.8b

Engages in the manufacturing and sale of agricultural machinery and power machinery.

Rieter Holding

Market Cap: US$385.8m

Supplies systems for manufacturing yarn from staple fibers in spinning mills in Switzerland and internationally.

Costain Group

Market Cap: US$335.3m

Provides infrastructure solutions for the transportation, energy, water, and defense sectors in the United Kingdom.

CRRC

Market Cap: US$174.3b

CRRC Corporation Limited, with its subsidiaries, engages in the research and development, design, manufacture, refurbishment, sale, leasing, and technical servicing of railway locomotives in Mainland China and internationally.

WashTec

Market Cap: US$516.6m

Provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific.

Haitian International Holdings

Market Cap: US$37.1b

An investment holding company, engages in the manufacture, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally.

Inaba Denki SangyoLtd

Market Cap: US$210.2b

Provides electrical equipment and materials, industrial automation, and proprietary products in Japan.

Grafton Group

Market Cap: US$1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Costain Group

Market Cap: US$442.7m

Provides infrastructure solutions for the transportation, energy, water, and defense sectors in the United Kingdom.

NKT

Market Cap: US$32.5b

Designs, manufactures, and installs low, medium, and high voltage power cable solutions in Denmark.

Sinotruk (Hong Kong)

Market Cap: US$64.6b

An investment holding company, engages in the research, development, manufacture, and sale of heavy-duty trucks (HDT), medium-heavy duty trucks, light duty trucks (LDT), buses, and related parts and components in Mainland China and internationally.

Badger Infrastructure Solutions

Market Cap: US$1.9b

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

flooidCX

Market Cap: US$74.0

Operates as the licensee for harvested and thermal electrical energy collection and transmission (EET), photon lighting systems, photonic and photovoltaic energy harvesting, and thermal waste to energy conversion.

CIMC Enric Holdings

Market Cap: US$14.3b

Provides transportation, storage, and processing equipment and services for the clean energy, chemicals, environmental, and liquid food sectors worldwide.

Traton

Market Cap: US$15.0b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

Strabag

Market Cap: US$8.7b

Engages in the construction projects in the fields of transportation infrastructures, building construction, and civil engineering.

Bunzl

Market Cap: US$8.3b

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

Dürr

Market Cap: US$1.4b

Operates as a mechanical and plant engineering company worldwide.

FLSmidth

Market Cap: US$23.7b

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.

Reece

Market Cap: US$6.7b

Engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States.

Horizon Construction Development

Market Cap: US$4.0b

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

IMCD

Market Cap: US$5.5b

Distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

Namura Shipbuilding

Market Cap: US$224.4b

Engages in the manufacture and sale of ships, machinery, and steel structures worldwide.

Nidec

Market Cap: US$2.8t

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

Tornado Infrastructure Equipment

Market Cap: US$261.6m

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

Glory

Market Cap: US$205.5b

Develops, manufactures and sells cash handling machines and systems in Japan, the United States, Europe, and Asia.

WillScot Holdings

Market Cap: US$4.3b

Provides turnkey temporary space solutions in the United States, Canada, and Mexico.