U.K. Capital Goods Undervalued based on future growth

Vesuvius

Market Cap: UK£892.7m

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

Morgan Advanced Materials

Market Cap: UK£557.0m

Manufactures and sells various carbon and ceramic products.

Ashtead Technology Holdings

Market Cap: UK£245.1m

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£221.2m

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

Eurocell

Market Cap: UK£128.2m

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.

Mincon Group

Market Cap: UK£78.6m

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£39.8m

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

Van Elle Holdings

Market Cap: UK£36.8m

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

Hercules

Market Cap: UK£30.7m

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

Diales Group

Market Cap: UK£10.2m

Provides various consultancy services to the engineering and construction industries.