Polish Capital Goods Undervalued over 20% based on DCF

Newag

Market Cap: zł5.0b

Engages in the production and sale of railway locomotives and rolling stocks in Poland.

Torpol

Market Cap: zł1.6b

Engages in construction of railway infrastructure in Poland.

UNIBEP

Market Cap: zł530.2m

Operates as a construction company in Poland, Sweden, Norway, Iceland, Denmark, Germany, Belarus, and internationally.

Atrem

Market Cap: zł489.2m

Provides engineering support services for large infrastructure and construction projects in Poland.

Mostostal Zabrze

Market Cap: zł456.6m

Engages in the design, production, construction, and assembly activities.

Mangata Holding

Market Cap: zł455.4m

Manufactures and sells fittings, castings, fasteners, and components in Poland, the European Union, and internationally.

Wielton

Market Cap: zł424.7m

Manufactures and sells semi-trailers, trailers, and car bodies in Poland and internationally.

Seco/Warwick

Market Cap: zł250.1m

Engages in the manufacture and sale of heat treatment furnaces for metals in the European Union, Russia, the United States, Asia, and internationally.

Feerum

Market Cap: zł130.7m

Engages in the production, sale, and assembly of grain dryers, silos, and other equipment for agricultural production storage and drying complexes.

Ekopol Górnoslaski Holding

Market Cap: zł16.5m

Distributes and sells liquid fuels in Poland.

Agromep

Market Cap: zł7.7m

Engages in the distribution of tractors and agricultural machineries in Poland and internationally.