Global Capital Goods Undervalued Stocks Based On Cash Flows

Scott Technology

Market Cap: NZ$150.4m

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

Altea Green Power

Market Cap: €129.3m

Provides renewable energy systems for individuals, companies, institutions and investors in Italy.

Knorr-Bremse

Market Cap: €13.6b

Develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.

Array Technologies

Market Cap: US$765.6m

Manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally.

Thales

Market Cap: €48.0b

Provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.

Inin Group

Market Cap: NOK 333.9m

An investment company, focuses on infrastructure and industry services in Norway, Sweden, and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥57.2b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Siemens Energy

Market Cap: €53.9b

Operates as an energy technology company worldwide.

Komax Holding

Market Cap: CHF 519.6m

Engages in the automated wire processing business in Europe, North America, South America, the Asia/Pacific, and Africa.

Advanced Energy Solution Holding

Market Cap: NT$72.8b

Advanced Energy Solution Holding Co., Ltd.

Matrix Service

Market Cap: US$322.7m

Provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally.

Wee Hur Holdings

Market Cap: S$478.0m

An investment holding company, engages in general building and civil engineering construction business in Singapore and Australia.

Safran

Market Cap: €96.4b

Engages in the aerospace and defense businesses worldwide.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$8.7b

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

Zen Technologies

Market Cap: ₹132.8b

Together with its subsidiary, designs, develops, manufactures, and sells training simulators in India and internationally.

GE Vernova

Market Cap: US$101.0b

An energy company, engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Americas, the Middle East, and Africa.

Merus Power Oyj

Market Cap: €38.1m

Designs, manufactures, and sells battery energy storage systems and power quality solutions in Finland and internationally.

Tadano

Market Cap: JP¥124.3b

Manufactures and sells construction and vehicle-mounted cranes, and aerial work platforms in Japan and internationally.

Kinik

Market Cap: NT$35.6b

Produces and sells various abrasives, cutting tools, and reclaimed wafers in Taiwan and internationally.

Troax Group

Market Cap: SEK 8.0b

Through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Europe, and internationally.

Bizlink Holding

Market Cap: NT$101.6b

Researches, designs, develops, manufactures, and sells interconnect products for cable harnesses in the United States, China, Germany, Malaysia, Taiwan, Italy, and internationally.

Norconsult

Market Cap: NOK 13.9b

Provides consultancy services with focus on community planning, engineering design, and architecture in the Nordics and internationally.

Avon Technologies

Market Cap: UK£399.8m

Provides respiratory and head protection products for the military and first responder markets in Europe and the United States.

Kempower Oyj

Market Cap: €599.8m

Manufactures and sells electric vehicle (EV) charging equipment and solutions for cars, buses, trucks, boats, aviation, and machinery in Nordics, rest of Europe, North America, and internationally.

Samsung Heavy Industries

Market Cap: ₩12.8t

Engages in the shipbuilding, offshore, and energy and infra businesses worldwide.

SKS Technologies Group

Market Cap: AU$197.9m

Engages in the design, supply, and installation of audio visual, electrical, and communication products and services in Australia.

Zhejiang HangKe Technology

Market Cap: CN¥10.2b

Designs, develops, produces, and sells lithium-ion (Li-ion) battery post-processing systems for charging and discharging industry in China and internationally.

HD-Hyundai Marine Engine

Market Cap: ₩1.3t

Manufactures and sells marine engines, industrial facilities, and plants in South Korea and internationally.

MN Holdings Berhad

Market Cap: RM 628.7m

An investment holding company, provides underground utilities engineering and substation engineering services and solutions in Malaysia.

Renold

Market Cap: UK£90.9m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Photon Energy

Market Cap: zł204.3m

Through its subsidiaries, provides solar power solutions and services in the Netherlands, the Czech Republic, Hungary, Poland, Australia, Romania, Slovak Republic, and Germany.

Swift Energy Technology Berhad

Market Cap: RM 270.2m

Provides industrial automation and power systems.

Theon International

Market Cap: €1.8b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.

Binastra Corporation Berhad

Market Cap: RM 2.0b

An investment holding company, engages in the general contractor and property developer business in Malaysia.

ITD Cementation India

Market Cap: ₹86.1b

Provides construction and civil engineering contracting services in India.

Vertiv Holdings Co

Market Cap: US$32.8b

Designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.