Italian Capital Goods Undervalued over 20% based on DCF

Danieli & C. Officine Meccaniche

Market Cap: €2.5b

Designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.

Ariston Holding

Market Cap: €1.6b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.

Next Geosolutions Europe

Market Cap: €499.2m

Provides marine geoscience and offshore construction support services in Europe, Asia, and North America.

I.CO.P.. Società Benefit

Market Cap: €474.8m

Engages in providing construction and special engineering services to public and private clients in Italy and internationally.

Edil San Felice

Market Cap: €86.2m

Engages in the civil and industrial construction business in Italy.

ILPRA

Market Cap: €68.0m

Engages in the design, production, and sale of packaging machines worldwide.

Valtecne

Market Cap: €41.2m

Manufactures and sells precision mechanical components in Italy.

Espe

Market Cap: €36.7m

Produces, installs, and manages industrial electric systems worldwide.

Ubaldi Costruzioni

Market Cap: €34.3m

Engages in the construction business in Italy.

ATON Green Storage

Market Cap: €15.9m

Engages in the production and sale of storage systems for photovoltaic systems and battery energy storage system.