Global Capital Goods Undervalued over 20% based on DCF

Middleby

Market Cap: US$5.3b

Operates in the foodservice industry worldwide.

Syntec Technology

Market Cap: NT$168.9b

Engages in the research and development, manufacturing, sales, and maintenance of industrial electronic automation controllers in Taiwan, Asia, and internationally.

MYR Group

Market Cap: US$5.2b

Through its subsidiaries, provides electrical construction services in the United States and Canada.

TECO Electric & Machinery

Market Cap: NT$165.6b

Engages in the production, sales and installation of various mechanical equipment in Taiwan, the United States, Mainland China, and internationally.

Ayala

Market Cap: ₱317.0b

Engages in the real estate and hotel businesses in the Philippines, Europe, Asia, and the United States.

NMDC Group PJSC

Market Cap: د.إ18.9b

Together with subsidiaries, executes engineering, procurement, and construction contracts, and dredging contracts and associated land reclamation works in the territorial waters of United Arab Emirates, Saudi Arabia, Taiwan, Egypt, Bahrain, India, and internationally.

Tutor Perini

Market Cap: US$5.1b

A construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally.

Alliance Laundry Holdings

Market Cap: US$5.1b

Designs, manufactures, and sells commercial laundry systems in the United States, the Czech Republic, Thailand, and internationally.

Trex Company

Market Cap: US$5.1b

Manufactures and sells composite decking and railing products in the United States.

Hoshizaki

Market Cap: JP¥800.3b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment in Japan, the United States, Europe, the rest of Asia.

DEME Group

Market Cap: €4.2b

Provides marine solutions in Belgium, Europe, Africa, the United States, Asia, and the Middle East.

Sweco

Market Cap: SEK 45.4b

Provides architecture and engineering consultancy services worldwide.

Griffon

Market Cap: US$4.7b

Through its subsidiaries, provides home and building, and consumer and professional products in the United States, Europe, Canada, Australia, and internationally.

Hiab Oyj

Market Cap: €4.0b

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

CECO Environmental

Market Cap: US$4.7b

Provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥31.2b

Engages in the research, development, manufacturing, and sale of various submarine and terrestrial cable products in China and internationally.

Fuji

Market Cap: JP¥728.8b

Manufactures and sells electronic component mounting robots and machine tools in Japan.

Far Eastern New Century

Market Cap: NT$145.0b

Manufactures and sells polyester materials, and semi-finished and finished textiles in Taiwan, China, and internationally.

Primoris Services

Market Cap: US$4.5b

Provides infrastructure services primarily in the United States and Canada.

DMG MORI

Market Cap: €3.7b

Engages in the manufacture and sale of cutting machine tools in Germany, rest of the Europe, the United States, Asia, and internationally.

Fluidra

Market Cap: €3.7b

Designs, manufactures, distributes, and markets accessories and machinery for swimming-pools, irrigation and water treatment, and residential and commercial pool purification market worldwide.

FLSmidth

Market Cap: DKK 27.3b

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.

Krones

Market Cap: €3.6b

Plans, develops, manufactures, and sells machines and lines for the fields of process, filling, and packaging technology in Germany, the rest of Europe, the Middle East, the Asia Pacific, China, the Americas, and internationally.

Mueller Water Products

Market Cap: US$4.0b

Manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally.

QinetiQ Group

Market Cap: UK£2.9b

Provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany.

Sime Darby Berhad

Market Cap: RM 15.3b

Provides automotive and industrial equipment in Malaysia, China, Australasia, and the Asia Pacific.

Bucher Industries

Market Cap: CHF 3.0b

Manufactures and sells machinery, systems, and hydraulic components for harvesting, producing and packaging food products, and keeping roads and public spaces clean and safe in Asia, the United States, Europe, and internationally.

Sinotruk Jinan TruckLtd

Market Cap: CN¥24.4b

Develops, produces, and sells various types of heavy-duty vehicles, special vehicles, specialized vehicles, engines, transmissions, axles, and other assemblies and automotive components in China.

Nabtesco

Market Cap: JP¥574.2b

Manufactures and sells industrial robot parts, construction machinery, railway vehicle brake systems, and automatic doors, aircraft parts, automobile brakes and drive controls, marine, and platform safety products in Japan and internationally.

XTC New Energy Materials(Xiamen)Ltd

Market Cap: CN¥24.2b

XTC New Energy Materials(Xiamen) Co.,Ltd.

Acter Group

Market Cap: NT$114.8b

Provides engineering services in Taiwan, Vietnam, Singapore, Malaysia, and internationally.

Koninklijke BAM Groep

Market Cap: €3.1b

Provides products and services in the construction and property and civil engineering sectors in the Netherlands, the United Kingdom, Ireland, Germany, Belgium, and internationally.

Munters Group

Market Cap: SEK 33.9b

Provides climate solutions in the Americas, Europe, the Middle East, Africa, and Asia-pacific.

Azelis Group

Market Cap: €2.9b

Engages in the distribution of specialty chemicals and food ingredients.

Ventia Services Group

Market Cap: AU$4.8b

Provides infrastructure services in Australia and New Zealand.

XJ Electric

Market Cap: CN¥22.4b

Provides energy and power and technology equipment in China and internationally.