U.S. Capital Goods Potentially Undervalued Companies

CIMC Enric Holdings

Market Cap: US$13.0b

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

Costain Group

Market Cap: US$335.3m

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

Heidelberger Druckmaschinen

Market Cap: US$442.5m

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.

NKT

Market Cap: US$29.4b

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

Bri-Chem

Market Cap: US$6.9m

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

Konecranes

Market Cap: US$5.4b

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

INDUS Holding

Market Cap: US$562.6m

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

Kier Group

Market Cap: US$743.7m

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

Dürr

Market Cap: US$1.5b

Operates as a mechanical and plant engineering company worldwide.

WillScot Holdings

Market Cap: US$5.0b

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

Metso Oyj

Market Cap: US$8.8b

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.

Toro

Market Cap: US$7.4b

Designs, manufactures, markets, and sells professional turf maintenance equipment and services.

Rolls-Royce Holdings

Market Cap: US$71.2b

Develops and delivers mission-critical power systems in the United Kingdom and internationally.

Daikin IndustriesLtd

Market Cap: US$4.7t

Manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally.

Nidec

Market Cap: US$3.2t

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

Moog

Market Cap: US$5.6b

Designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets in the United States, Germany, and internationally.

Yangzijiang Shipbuilding (Holdings)

Market Cap: US$8.1b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

Babcock International Group

Market Cap: US$4.6b

Engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.

A. O. Smith

Market Cap: US$9.5b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Astronics

Market Cap: US$1.1b

Through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally.

United Rentals

Market Cap: US$45.5b

Through its subsidiaries, operates as an equipment rental company.

Glory

Market Cap: US$167.5b

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

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.

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.