U.S. Capital Goods Potentially Undervalued Companies

Alpha Pro Tech

Market Cap: US$50.3m

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

Guoco Group

Market Cap: US$24.5b

An investment holding company, engages in the principal investment, property investment and development, hospitality and leisure, and financial service businesses.

DMCI Holdings

Market Cap: US$138.4b

Through its subsidiaries, engages in the general construction, coal and nickel mining, power generation, real estate development, water concession, and manufacturing businesses in the Philippines and internationally.

IES Holdings

Market Cap: US$6.8b

Designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States.

Doman Building Materials Group

Market Cap: US$852.6m

Through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada.

CAE

Market Cap: US$11.8b

Provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas.

Luxfer Holdings

Market Cap: US$354.1m

Provides high-performance materials, components, and high-pressure gas containment devices for defense, first response and healthcare, transportation, and general industrial applications.

Sumitomo

Market Cap: US$5.1t

Engages in the general trading business.

Hyster-Yale

Market Cap: US$645.7m

Through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide.

IMI

Market Cap: US$5.5b

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.

Apogee Enterprises

Market Cap: US$910.1m

Provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil.

Ashtead Group

Market Cap: US$22.8b

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.

Weichai Power

Market Cap: US$135.9b

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

FLSmidth

Market Cap: US$24.3b

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.

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.

Asia Pacific Wire & Cable

Market Cap: US$37.1m

Through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People’s Republic of China, Hong Kong, and the Asia Pacific region.

NKT

Market Cap: US$32.3b

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

Moog

Market Cap: US$6.2b

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.

Virgin Galactic Holdings

Market Cap: US$177.4m

An aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies.

Stabilus

Market Cap: US$587.9m

Manufactures and sells gas springs, dampers, electromechanical damper opening systems, vibration isolation products, and industrial components in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

MINEBEA MITSUMI

Market Cap: US$1.0t

Manufactures and supplies machined components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

General Dynamics

Market Cap: US$86.7b

Operates as an aerospace and defense company worldwide.

BAE Systems

Market Cap: US$52.5b

Provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Japan, Europe, and internationally.

Kingspan Group

Market Cap: US$12.3b

Provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally.

Power Solutions International

Market Cap: US$2.0b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Webuild

Market Cap: US$3.5b

Engages in the construction businesses worldwide.

JE Cleantech Holdings

Market Cap: US$5.3m

An investment holding company, designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications in Singapore, Malaysia, and internationally.

OSG

Market Cap: US$165.1b

Manufactures and sells cutting tools in Japan, the Americas, Europe, Africa, and Asia.

Danieli & C. Officine Meccaniche

Market Cap: US$2.4b

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$238.8b

Manufactures and sells machines and machine tools in Japan.

Hammond Manufacturing

Market Cap: US$102.1m

Designs, manufactures, and sells electrical and electronic components in Canada, the United States, the United Kingdom, and Australia.

Ryobi

Market Cap: US$91.0b

Operates as a die casting manufacturer in Japan, the United States, China, and internationally.

Dürr

Market Cap: US$1.4b

Operates as a mechanical and plant engineering company worldwide.

China Communications Services

Market Cap: US$31.4b

Together with its subsidiaries provides telecommunications support services worldwide.

Andritz

Market Cap: US$5.8b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Hino Motors

Market Cap: US$224.0b

Manufactures and sells commercial vehicles under the Hino brand worldwide.