Global Capital Goods Undervalued over 20% based on DCF

QinetiQ Group

Market Cap: UK£2.8b

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 15.0b

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

Sinotruk Jinan TruckLtd

Market Cap: CN¥24.9b

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.

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.

Exosens

Market Cap: €3.2b

Develops, manufactures, and sells electro-optical technologies in France, Europe, North America, Asia, and internationally.

XTC New Energy Materials(Xiamen)Ltd

Market Cap: CN¥24.3b

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

Koninklijke BAM Groep

Market Cap: €3.0b

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

Nabtesco

Market Cap: JP¥554.5b

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.

Acter Group

Market Cap: NT$110.3b

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

Munters Group

Market Cap: SEK 32.9b

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$4.7b

Provides infrastructure services in Australia and New Zealand.

XJ Electric

Market Cap: CN¥22.6b

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

Resideo Technologies

Market Cap: US$3.1b

Develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally.

Applied Aerospace & Defense

Market Cap: US$3.1b

Designs, engineers, and manufactures integrated aerospace and defense subsystems for space and defense applications.

Nagase

Market Cap: JP¥496.7b

Manufactures, imports/exports, and sells chemicals, plastics, electronic materials, cosmetics, and health foods worldwide.

KONCAR - Elektroindustrija d.d

Market Cap: €2.6b

Provides products, services, and solutions for power generation, power transmission and distribution, urban mobility and infrastructure, and digital solutions and platforms in Croatia.

Guoco Group

Market Cap: HK$23.4b

An investment holding company, engages in the principal investment, property development and investment, hospitality and leisure, and financial service businesses.

Tiandi Science & TechnologyLtd

Market Cap: CN¥19.9b

Engages in the research, technology development, equipment manufacturing, engineering demonstration, testing, and inspection activities for the coal industry in China.

Colt CZ Group

Market Cap: Kč61.2b

Engages in the production and sale of firearms, ammunition products, and tactical accessories in the Czech Republic, Canada, the United States, rest of Europe, Africa, Asia, and internationally.

DNOW

Market Cap: US$2.9b

Distributes pipe, valves, fittings, and pumps in the United States, Canada, and internationally.

Boise Cascade

Market Cap: US$2.9b

Engages in the manufacture and sale of engineered wood products and plywood and wholesale distribution of building materials in the United States and Canada.

Koninklijke Heijmans

Market Cap: €2.5b

Engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally.

Worthington Enterprises

Market Cap: US$2.8b

Operates as an industrial manufacturing company.

Peab

Market Cap: SEK 26.7b

Operates as a construction and civil engineering company in Sweden, Norway, Finland, Denmark, and internationally.

C Sun Mfg

Market Cap: NT$88.9b

Provides various processing equipment in Taiwan, China, and internationally.

Hanwha Engine

Market Cap: ₩3.9t

Manufactures and sells diesel engines worldwide.

Kalmar Oyj

Market Cap: €2.4b

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.

Precision Tsugami (China)

Market Cap: HK$21.4b

An investment holding company, manufactures and sells computer numerical control machine tools in Mainland China and internationally.

Helios Technologies

Market Cap: US$2.7b

Provides engineered motion control and electronic controls technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Guangdong Huicheng Vacuum Technology

Market Cap: CN¥17.9b

Guangdong Huicheng Vacuum Technology Co., Ltd.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €2.2b

Together with its subsidiary, engages in the design, production, sale, and servicing of distribution, special, and medium power transformers.

Adris grupa d. d

Market Cap: €2.2b

Engages in the tourism, healthy food, insurance, real estate, and energy businesses in Croatia and internationally.

Shanghai Zhenhua Heavy Industries

Market Cap: CN¥16.9b

Engages in the manufacture and sale of heavy-duty equipment in Chinese Mainland, rest of Asia, Africa, North America, Europe, South America, Oceania, and internationally.

CECEP Environmental Protection

Market Cap: CN¥16.7b

Engages in the energy-saving and environmental protection equipment and electrical special equipment business worldwide.

GoodWe Technologies

Market Cap: CN¥16.7b

Engages in the research, manufacture, and sale of photovoltaic (PV) inverters and energy storage solutions in China and internationally.