Finnish Capital Goods Undervalued over 20% based on DCF

Konecranes

Market Cap: €7.3b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Valmet Oyj

Market Cap: €4.7b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Kalmar Oyj

Market Cap: €3.1b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.

Hiab Oyj

Market Cap: €3.1b

Provides smart and on road load-handling solutions and services in Finland.

Relais Group Oyj

Market Cap: €270.1m

Operates as a consolidator and acquisition platform for the vehicle aftermarket in Finland, Sweden, Estonia, Norway, and internationally.

Kreate Group Oyj

Market Cap: €143.2m

Engages in the construction of infrastructure projects for private and public sector customers in Finland and Sweden.

Raute Oyj

Market Cap: €92.2m

Operates as a technology and service company that serves the wood products industry in Europe, Africa, Finland, North America, South America, Russia, and the Asia-Pacific.

Sitowise Group Oyj

Market Cap: €86.0m

Provides buildings, infrastructure, and digital solutions in Finland, Sweden, and internationally.

Exel Composites Oyj

Market Cap: €54.7m

Manufactures and sells pultruded composite profiles and tubes in Europe, North America, the Asia-Pacific, and internationally.

Componenta

Market Cap: €44.1m

Operates as a contract manufacturer of metal components in Finland, Sweden, Germany, European, and internationally.

Tulikivi

Market Cap: €34.1m

Manufactures and sells fireplaces, sauna heaters, and interior stone products in Finland, the United States, and rest of Europe.

Robit Oyj

Market Cap: €20.1m

Provides drilling consumables for surface mining, construction, geotechnical, and well drilling industries in Finland and internationally.

Kesla Oyj

Market Cap: €12.8m

Develops machinery, technology, and services for customers in the forest and other industries in Finland.