Global Capital Goods Undervalued over 20% based on DCF

A. O. Smith

Market Cap: US$8.4b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Melrose Industries

Market Cap: UK£6.2b

Designs and delivers aerospace components and systems for civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally.

Stantec

Market Cap: CA$11.5b

Provides professional services in the areas of infrastructure and facilities to private and public sectors in Canada, the United States, and internationally.

Metlen Energy & Metals

Market Cap: €7.0b

Operates as an industrial and energy company focusing on the metals and energy sectors worldwide.

NKT

Market Cap: DKK 51.7b

Designs, manufactures, and installs low, medium, and high voltage power cable solutions in Denmark.

AGC

Market Cap: JP¥1.3t

Manufactures and sells architectural glass, electronics, chemicals, automotive, and ceramics worldwide.

Hexcel

Market Cap: US$7.9b

Develops, manufactures, and markets advanced lightweight composites technology.

Terex

Market Cap: US$7.8b

Manufactures industrial equipment for materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry worldwide.

Konecranes

Market Cap: €6.7b

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

Armstrong World Industries

Market Cap: US$7.7b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

Rockwool

Market Cap: DKK 49.5b

Produces and sells stone wool insulation products in Western Europe, Eastern Europe, Russia, North America, Asia, and internationally.

Legence

Market Cap: US$7.2b

Provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States.

AGCO

Market Cap: US$7.1b

Manufactures and distributes agricultural equipment and replacement parts worldwide.

Nexans

Market Cap: €6.1b

Manufactures and sells cables in France, Canada, Norway, Italy, and internationally.

Fluor

Market Cap: US$7.0b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

Construction Partners

Market Cap: US$6.9b

A civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas.

TOTO

Market Cap: JP¥1.1t

Manufactures and sells bathroom and plumbing fixtures worldwide.

VSE

Market Cap: US$6.8b

Engages in providing aviation aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets for commercial and government markets.

IMCD

Market Cap: €5.8b

Distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

BOC Aviation

Market Cap: HK$51.7b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

SOLV Energy

Market Cap: US$6.5b

Provides infrastructure services to the power industry in the United States.

Gamuda Berhad

Market Cap: RM 26.3b

Engages in the civil engineering construction business in Malaysia, Australia, Vietnam, Singapore, Taiwan, Bahrain, and the United Kingdom.

Sulzer

Market Cap: CHF 5.2b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

MISUMI Group

Market Cap: JP¥1.0t

Engages in the factory automation, die components, and VONA businesses in Japan, China, rest of Asia, the United States, Europe, and internationally.

SFS Group

Market Cap: CHF 5.1b

Supplies precision components and assemblies, mechanical fastening systems, tools, and procurement solutions in Switzerland and internationally.

OHB

Market Cap: €5.4b

Operates as a space and technology company in Germany, rest of Europe, and internationally.

RENK Group

Market Cap: €5.2b

Engages in the design, engineering, production, testing, and servicing of customized drive systems in Asia, Germany, the United States, Africa, Australia, Oceania, and other European and European Union countries.

China International Marine Containers (Group)

Market Cap: CN¥40.2b

Manufactures and sells logistics and energy equipment in China, America, Europe, Asia, and internationally.

Valmet Oyj

Market Cap: €5.1b

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.

Herc Holdings

Market Cap: US$5.8b

Operates as an equipment rental supplier in the United States and internationally.

MonotaRO

Market Cap: JP¥915.4b

Operates an online MRO products store for factories in Japan and internationally.

Beijing HyperStrong Technology

Market Cap: CN¥38.5b

Engages in the design, development, integration, and operation of energy storage power stations in China ad internationally.

Fortune Brands Innovations

Market Cap: US$5.7b

Provides home, security, and digital products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

DKSH Holding

Market Cap: CHF 4.4b

Provides various market expansion services in Thailand, Greater China, Malaysia, Singapore, rest of the Asia Pacific, and internationally.

Aalberts

Market Cap: €4.7b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Middleby

Market Cap: US$5.3b

Operates in the foodservice industry worldwide.