Italian Capital Goods Undervalued based on future growth

Iveco Group

Market Cap: €3.7b

Engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, specialty vehicles, combustion engines, alternative propulsion systems, transmissions, axles, and engines in Europe, South America, North America, and internationally.

Altea Green Power

Market Cap: €127.1m

Supplies and manages renewable energy plants in Italy and the United States.

ILPRA

Market Cap: €87.5m

Engages in the design, production, and sale of packaging machines worldwide.

ErreDue

Market Cap: €61.3m

Provides on-site gas generation and purification products in Italy.

IRCE

Market Cap: €59.2m

Engages in the winding conductors and electrical cables sector in Italy, the European Union, and the rest of European Union.

TREVI - Finanziaria Industriale

Market Cap: €55.7m

Operates in the field of underground engineering.

Energy Time

Market Cap: €45.3m

Engages in the development, engineering, procurement, construction, operation, and maintenance of photovoltaic and thermal systems in Italy.

Esautomotion

Market Cap: €35.4m

Develops, manufactures, and sells integrated CNC systems in Italy.

Borgosesia

Market Cap: €34.2m

Primarily invests in non-performing and alternative assets.

Vimi Fasteners

Market Cap: €17.9m

Engages in the design and production of fastening elements for the industrial, automotive, energy, oil and gas, and aerospace sectors in Italy and internationally.

ELSA Solutions

Market Cap: €8.2m

Develops products and solutions for industrial automation and power electronics in Italy.