Global Capital Goods Potentially Undervalued Small Caps

ISOTeam

Market Cap: S$62.9m

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

Alfabs Australia

Market Cap: AU$73.2m

Engages in the mining equipment and engineering business in Australia.

Coventry Group

Market Cap: AU$42.4m

Distributes industrial products and services in Australia and New Zealand.

Kijcharoen Engineering Electric

Market Cap: ฿1.4b

Manufactures and distributes electrical cabinets, cable tray, and power solutions in Thailand.

Xos

Market Cap: US$51.5m

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

Componenta

Market Cap: €56.9m

Operates as a contract manufacturer of metal components in Finland, Sweden, Germany, European, and internationally.

CBAK Energy Technology

Market Cap: US$64.1m

CBAK Energy Technology, Inc., together with its subsidiaries, manufacture, commercialization, and distribution of standard and customized lithium and sodium rechargeable batteries in Mainland China, Europe, India, Africa, and internationally.

Poujoulat

Market Cap: €52.1m

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

Norrhydro Group Oyj

Market Cap: €13.2m

Develops, manufactures, and sells hydraulic cylinders and linear motion control systems in the Nordic countries.

QleanAir

Market Cap: SEK 313.5m

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

Environmental Group

Market Cap: AU$37.3m

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.

MS Industrie

Market Cap: €38.9m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

STS Group

Market Cap: €21.3m

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

Groupe OKwind Société anonyme

Market Cap: €2.3m

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

MaxiPARTS

Market Cap: AU$77.0m

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

Metacon

Market Cap: SEK 268.1m

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

AVTECH Sweden

Market Cap: SEK 328.1m

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

Herige

Market Cap: €54.5m

Engages in the production of ready-mixed and industrial precast concrete in France.

KH Group Oyj

Market Cap: €34.1m

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

Verbrec

Market Cap: AU$44.4m

Primarily provides engineering, asset management, training, mining technology software, and operations and maintenance services to mining, energy, defense, and infrastructure industries in Australia, New Zealand, Papua New Guinea, and the Pacific Islands.

EcoUp Oyj

Market Cap: €10.9m

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

Vimi Fasteners

Market Cap: €17.9m

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

Orion Energy Systems

Market Cap: US$38.4m

Research, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany.

Balco Group

Market Cap: SEK 338.4m

Engages in developing, manufacturing, selling, and installing balcony systems in Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, and the Netherlands.

HAKI Safety

Market Cap: SEK 601.4m

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

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.

Nibsa

Market Cap: CL$4.7b

Develops, manufactures, and sells plumbing, bathroom fitting, and other products and solutions in Chile.

Ben Thanh Trading & Service

Market Cap: ₫548.1b

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

Vishal Bearings

Market Cap: ₹656.1m

Designs, manufactures, and sells engineered bearing products and related services in India and Internationally.

TSI

Market Cap: ₩78.6b

A mixing system company, engages in the manufacture and sale of rechargeable battery mixing systems in South Korea, China, Poland, Sweden, France, Vietnam, Malaysia, the United States, Hungary, and Indonesia.

Mooreast Holdings

Market Cap: S$36.3m

Provides total mooring solutions in Singapore, Europe, the Asia Pacific, the Middle East, Oceania, South America, and internationally.

Ck SolutionLtd

Market Cap: ₩55.0b

Provides HVAC & R technology and facility construction technology systems.

Wagokoro

Market Cap: JP¥5.9b

Engages in retail, services, and OEM businesses in Japan.