U.K. Capital Goods Undervalued based on future growth

Morgan Advanced Materials

Market Cap: UK£634.2m

Manufactures and sells various carbon and ceramic products.

Norcros

Market Cap: UK£313.9m

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

Vp

Market Cap: UK£216.5m

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

Brickability Group

Market Cap: UK£169.6m

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£125.1m

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£97.7m

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.

Alumasc Group

Market Cap: UK£88.1m

Manufactures and sells building products and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally.

Billington Holdings

Market Cap: UK£49.9m

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

Van Elle Holdings

Market Cap: UK£40.6m

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

Hercules

Market Cap: UK£40.3m

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