U.S. Capital Goods Undervalued over 20% based on DCF

Boeing

Market Cap: US$172.9b

Designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.

3M

Market Cap: US$78.6b

Provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

L3Harris Technologies

Market Cap: US$66.9b

Provides mission-critical solutions for government and commercial customers worldwide.

HEICO

Market Cap: US$35.0b

Provides aerospace, defense, and electronic related products and services in the United States and internationally.

Otis Worldwide

Market Cap: US$31.6b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Sunbelt Rentals Holdings

Market Cap: US$27.8b

Engages in the construction, industrial, and general equipment rental business under the Sunbelt Rentals brand name in the United States, the United Kingdom, and Canada.

AerCap Holdings

Market Cap: US$23.6b

Engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally.

APi Group

Market Cap: US$19.0b

Provides fire and life safety, security, elevator and escalator, and specialty services worldwide.

Textron

Market Cap: US$15.9b

Operates in the aircraft, defense, industrial, and finance businesses worldwide.

Watsco

Market Cap: US$15.1b

Engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean.

IDEX

Market Cap: US$14.8b

Provides applied solutions in the United States, North America, Europe, Asia, and internationally.

CNH Industrial

Market Cap: US$14.4b

An equipment company, engages in the develops, manufacture, and sale agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

Masco

Market Cap: US$12.9b

Provides home improvement and building products in North America, Europe, and internationally.

Stanley Black & Decker

Market Cap: US$11.4b

Provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia.

AECOM

Market Cap: US$11.1b

Provides professional infrastructure consulting services for governments, businesses, and organizations internationally.

Allison Transmission Holdings

Market Cap: US$10.6b

Designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S.

A. O. Smith

Market Cap: US$9.3b

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.

Builders FirstSource

Market Cap: US$9.2b

Provides building materials for professional builders in new residential construction and repair, and remodeling in the United States.

StandardAero

Market Cap: US$9.0b

Provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally.

AGCO

Market Cap: US$8.8b

Manufactures and distributes agricultural equipment and replacement parts worldwide.

Acuity

Market Cap: US$8.3b

Provides lighting, lighting controls, building management system, and an audio, video, and control platform in the United States and internationally.

Timken

Market Cap: US$7.4b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Middleby

Market Cap: US$6.9b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.

JBT Marel

Market Cap: US$6.7b

Provides technology solutions to food and beverage industry in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Legence

Market Cap: US$6.5b

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

Gates Industrial

Market Cap: US$6.5b

Manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.

Hexcel

Market Cap: US$6.4b

Develops, manufactures, and markets advanced lightweight composites technology.

ESAB

Market Cap: US$6.2b

Engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment.

Firefly Aerospace

Market Cap: US$6.0b

Operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers.

Granite Construction

Market Cap: US$5.6b

Provides infrastructure solutions for public and private clients in the United States.

UFP Industries

Market Cap: US$5.4b

Designs, manufactures, and supplies wood and non-wood composites, and other materials in the United States and internationally.

Fortune Brands Innovations

Market Cap: US$4.9b

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

Intuitive Machines

Market Cap: US$4.8b

Operates as a space infrastructure and services company in the United States.

Alliance Laundry Holdings

Market Cap: US$4.6b

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

Tutor Perini

Market Cap: US$4.3b

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.

Trex Company

Market Cap: US$4.1b

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