Global Capital Goods Potentially Undervalued Small Caps

ISOTeam

Market Cap: S$60.5m

Operates in the building maintenance and estate upgrading industry in Singapore.

Renovalo

Market Cap: €5.1m

Engages in the urban regeneration and renovation of buildings intended for public and commercial spaces, homes, offices, and condominiums in Italy.

ProService Building Services Marketplace

Market Cap: UK£18.3m

Provides tool and equipment hire, and related services in the United Kingdom and the Republic of Ireland.

CBAK Energy Technology

Market Cap: US$46.3m

Manufactures, commercializes, and distributes lithium-ion and sodium-ion rechargeable batteries.

Xos

Market Cap: US$27.6m

Designs, manufactures, and sells battery-electric commercial vehicles.

Alfabs Australia

Market Cap: AU$70.3m

Engages in the mining equipment and engineering business in Australia.

QleanAir

Market Cap: SEK 286.8m

Provides air cleaning solutions for indoor environments in Sweden and internationally.

Poujoulat

Market Cap: €42.5m

Offers metal chimneys flues for individual homes, collective housing, and new built and renovation industry in France and internationally.

STS Group

Market Cap: €18.2m

Supplies components and systems for the commercial vehicle and automotive industry in Germany, France, Mexico, the United States, and China.

Robit Oyj

Market Cap: €25.4m

Provides drilling consumables for surface mining, construction, geotechnical, and well drilling industries in Finland and internationally.

Groupe OKwind Société anonyme

Market Cap: €2.8m

Designs, manufactures, sells, and installs green energy solutions in France.

MS Industrie

Market Cap: €34.8m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany, Europe, the United States, Canada, and the Asia Pacific.

Environmental Group

Market Cap: AU$35.4m

Engages in the design, application, and servicing of gas, vapor and dust emission control systems, and inlet and exhaust systems for gas turbines in Australia and internationally.

Metacon

Market Cap: SEK 252.3m

Develops, manufactures, and sells energy systems to produce fossil-free green hydrogen in Sweden and Greece.

AVTECH Sweden

Market Cap: SEK 257.8m

Engages in the development and sale of products and services for digital air traffic management systems.

Garo Aktiebolag

Market Cap: SEK 565.0m

Develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

KH Group Oyj

Market Cap: €35.4m

A conglomerate, engages in the supply and rental of construction and earth-moving equipment in Finland, Sweden, and internationally.

MaxiPARTS

Market Cap: AU$83.9m

Distributes and sells commercial truck and trailer parts, and automotive tools and workshop consumables in Australia.

Chin Well Holdings Berhad

Market Cap: RM 202.8m

Manufactures and supplies carbon steel fastener products in Malaysia, Vietnam, Asia, North America, Europe, the United States, and internationally.

HAKI Safety

Market Cap: SEK 619.7m

Provides safety products and solutions for infrastructure, energy, industry, aviation, rail and construction, and civil engineering industries in Europe and North America.

EcoUp Oyj

Market Cap: €13.6m

Develops, manufactures, and sells construction products and raw materials in Finland, EU Countries, and internationally.

Vimi Fasteners

Market Cap: €17.2m

Engages in the design and production of fastening elements for the industrial, automotive, energy, oil and gas, and aerospace sectors in Italy and internationally.

Thien Nam Trading - Import Export

Market Cap: ₫185.6b

Operates in the iron and steel, real estate, food distribution, electronics distribution, and education investment businesses in Vietnam.

Erection Electromechanics Testing JSC

Market Cap: ₫29.4b

Provides technological research and development services to the machinery erection sector.

Muehlhan

Market Cap: €31.9m

Provides surface protection and industrial services worldwide.

Sword-Edge Commercials

Market Cap: ₹50.0m

Does not have significant operations.

Sahamit Machinery

Market Cap: ฿1.9b

Imports and distributes materials, machinery, and appliances for industries in Thailand.

CMC Investment JSC

Market Cap: ₫44.4b

Engages in buying, selling, and leasing construction machinery and equipment.

Asia Green Energy

Market Cap: ฿1.6b

Engages in the distribution of coal for industrial use in Thailand and internationally.

Ben Thanh Trading & Service

Market Cap: ₫614.3b

Engages in commercial and services trading, and financial investment activities in Vietnam.

BHCC Holding

Market Cap: HK$200.0m

Provides building construction services in Singapore.

Nikko

Market Cap: JP¥5.3b

Engages in manufacturing activities of housing environmental equipment in Japan and internationally.

ALTA

Market Cap: ₫71.7b

Engages in information technology, plastic packaging, machinery, personal care, real estate, and financial investment businesses.

Agarwal Float Glass India

Market Cap: ₹285.8m

Engages in trading of glass products in India.

Prochem

Market Cap: zł45.9m

Provides engineering and construction services in Poland.

Automatyka-Pomiary-Sterowanie

Market Cap: zł34.4m

Provides various services in the fields of industrial automation, electrics, and robotics in Poland.