U.K. Capital Goods Undervalued based on future growth

Vesuvius

Market Cap: UK£978.7m

Provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide.

Morgan Advanced Materials

Market Cap: UK£615.2m

Manufactures and sells various carbon and ceramic products.

Norcros

Market Cap: UK£287.0m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Ashtead Technology Holdings

Market Cap: UK£250.7m

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£209.8m

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

Brickability Group

Market Cap: UK£181.2m

Distributes specialist products and services to the construction industry in the United Kingdom.It operates through four segments: Bricks and Building Materials; Importing; Distribution; and Contracting.

Eurocell

Market Cap: UK£130.8m

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.

Mincon Group

Market Cap: UK£94.6m

Engages in designing, manufacturing, selling, and servicing of rock drilling tools and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa.

Billington Holdings

Market Cap: UK£45.7m

Through its subsidiaries, provides structural steel and construction safety solutions in the United Kingdom and Europe.

Hercules

Market Cap: UK£44.3m

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

Van Elle Holdings

Market Cap: UK£38.4m

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