U.S. Capital Goods Potentially Undervalued Companies

United Rentals

Market Cap: US$45.5b

Through its subsidiaries, operates as an equipment rental company.

SMC

Market Cap: US$3.5t

Manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide.

Chemring Group

Market Cap: US$1.2b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.

Glory

Market Cap: US$167.5b

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

AutoStore Holdings

Market Cap: US$18.4b

Provides robotic and software technology in Norway, Germany, Europe, the United States, Asia, and internationally.

Sinotruk (Hong Kong)

Market Cap: US$52.8b

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.

BOC Aviation

Market Cap: US$44.2b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Traton

Market Cap: US$15.5b

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.

Bunzl

Market Cap: US$7.9b

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

MISUMI Group

Market Cap: US$533.3b

Engages in the factory automation and die components businesses worldwide.

China Railway Group

Market Cap: US$127.7b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Costain Group

Market Cap: US$337.4m

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

Goldwind Science&Technology

Market Cap: US$35.5b

Provides wind power solutions in China and internationally.

Dürr

Market Cap: US$1.5b

Operates as a mechanical and plant engineering company worldwide.

INDUS Holding

Market Cap: US$562.6m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

CIMC Enric Holdings

Market Cap: US$12.4b

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

NKT

Market Cap: US$30.2b

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

Konecranes

Market Cap: US$5.5b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, the Asia-Pacific, and internationally.

Kier Group

Market Cap: US$758.9m

Primarily engages in the construction business in the United Kingdom and internationally.

Bri-Chem

Market Cap: US$6.3m

Engages in the wholesale distribution of oilfield chemicals for the oil and gas industry in North America.

Ushio

Market Cap: US$151.2b

Produces and sells light application products, industrial equipment, and other products in Japan and internationally.

Heidelberger Druckmaschinen

Market Cap: US$441.3m

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.

Ayala

Market Cap: US$351.1b

Engages in the real estate and hotel businesses in the Philippines, Europe, Asia, and the United States.

Guoco Group

Market Cap: US$22.7b

An investment holding company, engages in the principal investment, property investment and development, hospitality and leisure, and financial service businesses in Hong Kong, the People’s Republic of China, the United Kingdom, Continental Europe, Singapore, Australasia, and internationally.

Palfinger

Market Cap: US$959.6m

Produces and sells crane and lifting solutions in Austria and internationally.

Sansei Technologies

Market Cap: US$25.2b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan and internationally.

Amada

Market Cap: US$385.3b

Manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally.

Sumitomo Heavy Industries

Market Cap: US$447.2b

Manufactures and sells general machinery worldwide.

Aboitiz Equity Ventures

Market Cap: US$188.8b

Through its subsidiaries, engages in power, banking and financial services, food, infrastructure, land, and data science and artificial intelligence businesses in the Philippines and internationally.

Reko International Group

Market Cap: US$16.6m

Designs and manufactures various engineered products and services for original equipment manufacturers in Canada and the United States.

Cargotec

Market Cap: US$3.0b

Provides smart and on road load-handling solutions and services in Finland.

MARUKA FURUSATO

Market Cap: US$52.4b

Engages in the machinery and tools, construction machinery and materials, and IoT businesses in Japan.

Danieli & C. Officine Meccaniche

Market Cap: US$1.7b

Designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.

Fuji

Market Cap: US$202.4b

Manufactures and sells machines and machine tools in Japan.

Shimizu

Market Cap: US$680.5b

Engages in the construction, development, engineering, and life cycle valuation businesses in Japan and internationally.

NORMA Group

Market Cap: US$463.3m

Manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.