Danish Capital Goods Undervalued over 20% based on DCF

Vestas Wind Systems

Market Cap: DKK 175.4b

Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.

FLSmidth

Market Cap: DKK 25.3b

Provides flowsheet technology and service solutions for the mining industries in Denmark, the United States of America, Canada, Chile, Brazil, Peru, Australia, North and South America, Europe, the Middle East, Africa, and Asia.

Per Aarsleff Holding

Market Cap: DKK 14.7b

Provides infrastructure and construction services for societies in Denmark and internationally.

MT Højgaard Holding

Market Cap: DKK 2.1b

Engages in the provision of construction, civil engineering, and infrastructure services for private and public customers in Denmark and internationally.