Australian Capital Goods Undervalued based on future growth

Austal

Market Cap: AU$1.7b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Acrow

Market Cap: AU$310.3m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Fleetwood

Market Cap: AU$173.6m

Designs, manufactures, sells, and installs modular accommodation and buildings in Australia and New Zealand.

Austin Engineering

Market Cap: AU$87.2m

Manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors.

Boom Logistics

Market Cap: AU$84.3m

Provides lifting solutions to mining and resources, infrastructure and construction, wind, energy, utilities, industrial maintenance, and telecommunications sectors in Australia.

Alfabs Australia

Market Cap: AU$78.9m

Engages in the mining equipment and engineering business in Australia.

MaxiPARTS

Market Cap: AU$76.7m

Distributes and sells commercial truck and trailer parts, and automotive tools and workshop consumables in Australia.

LaserBond

Market Cap: AU$64.0m

A surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia.

Verbrec

Market Cap: AU$55.1m

Primarily provides engineering, asset management, training, mining technology software, and operations and maintenance services to mining, energy, defense, and infrastructure industries in Australia, New Zealand, Papua New Guinea, and the Pacific Islands.

Environmental Group

Market Cap: AU$35.8m

Engages in the design, application, and servicing of gas, vapor and dust emission control systems, and inlet and exhaust systems for gas turbines in Australia and internationally.