U.K. Capital Goods Undervalued based on future growth

Morgan Advanced Materials

Market Cap: UK£594.0m

Manufactures and sells various carbon and ceramic products.

Ashtead Technology Holdings

Market Cap: UK£358.0m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Vp

Market Cap: UK£244.9m

Provides equipment rental and associated services in the United Kingdom and internationally.

Brickability Group

Market Cap: UK£223.6m

Supplies, distributes, and imports building products in the United Kingdom.

Renold

Market Cap: UK£167.5m

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.

Eurocell

Market Cap: UK£155.2m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Severfield

Market Cap: UK£106.0m

A structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and India.

Van Elle Holdings

Market Cap: UK£41.7m

Operates as a geotechnical and ground engineering contractor in the United Kingdom.

Hercules

Market Cap: UK£37.8m

Engages in general construction and civil engineering businesses in the United Kingdom.

RC Fornax

Market Cap: UK£29.5m

Provides work-package solutions to the defense industry in the United Kingdom.