Global Capital Goods Undervalued over 20% based on DCF

Contemporary Amperex Technology

Market Cap: CN¥1.7t

Engages in the research, development, production, and sale of electric vehicle and energy storage system batteries in China and internationally.

Siemens

Market Cap: €209.7b

A technology company, focuses in the areas of automation and digitalization across the world.

Boeing

Market Cap: US$175.2b

Designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.

Airbus

Market Cap: €153.7b

Engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide.

Deere

Market Cap: US$158.4b

Engages in the manufacture and distribution of various equipment worldwide.

Siemens Energy

Market Cap: €129.1b

Operates as an energy technology company worldwide.

Lockheed Martin

Market Cap: US$120.6b

An aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally.

3M

Market Cap: US$82.2b

Provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

TransDigm Group

Market Cap: US$72.2b

Designs, produces, and supplies aircraft components in the United States and internationally.

AB Volvo

Market Cap: SEK 681.9b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania.

BAE Systems

Market Cap: UK£52.4b

Provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Kingdom of Saudi Arabia, Europe, and internationally.

Honeywell Aerospace

Market Cap: US$70.0b

Manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry.

Bloom Energy

Market Cap: US$69.6b

Designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally.

PACCAR

Market Cap: US$65.6b

Designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Australia, Mexico, Europe, Central and South America, and internationally.

Comfort Systems USA

Market Cap: US$61.7b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

Carrier Global

Market Cap: US$57.6b

Provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally.

L3Harris Technologies

Market Cap: US$54.2b

Provides mission-critical solutions for government and commercial customers worldwide.

Thales

Market Cap: €45.4b

Provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide.

Sumitomo

Market Cap: JP¥7.4t

Engages in the general trading business.

Samsung C&T

Market Cap: ₩57.7t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

ASSA ABLOY

Market Cap: SEK 367.8b

Provides door opening and access products for the institutional, commercial, and residential markets.

Komatsu

Market Cap: JP¥5.7t

Engages in the manufacturing and sale of construction, mining, utility, forestry, and industrial machinery worldwide.

EMCOR Group

Market Cap: US$34.7b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

HD Hyundai Heavy Industries

Market Cap: ₩51.2t

Engages in the shipbuilding business in South Korea, North America, Asia, Europe, and internationally.

Sungrow Power Supply

Market Cap: CN¥221.7b

Engages in the research and development, manufacture, sale, and service of new energy power supply equipment.

Sunbelt Rentals Holdings

Market Cap: US$30.7b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

China State Construction Engineering

Market Cap: CN¥191.7b

Operates as an investment and construction company in China and internationally.

Otis Worldwide

Market Cap: US$28.0b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Vestas Wind Systems

Market Cap: DKK 175.1b

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

Symbotic

Market Cap: US$26.3b

An automation technology company, develops technologies to enhance operating efficiencies in modern warehouses.

Bombardier

Market Cap: CA$33.1b

Engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide.

FTAI Aviation

Market Cap: US$23.3b

Owns, acquires, and sells aviation equipment for the transportation of goods and people worldwide.

MTU Aero Engines

Market Cap: €19.0b

Engages in the development, manufacture, sale, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Bouygues

Market Cap: €18.1b

Operates in the construction, energies and services, telecom, and media sectors in France and internationally.

Knorr-Bremse

Market Cap: €16.5b

Develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.

Nidec

Market Cap: JP¥3.0t

Develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally.