U.S. Potentially Undervalued Companies

Sangoma Technologies

Market Cap: US$230.0m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Continental

Market Cap: US$11.3b

A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.

Dover

Market Cap: US$23.2b

Provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.

Business First Bancshares

Market Cap: US$714.9m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Kyivstar Group

Market Cap: US$2.7b

Provides a range of mobile communication and home Internet services in Ukraine.

Plumas Bancorp

Market Cap: US$301.8m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

TravelSky Technology

Market Cap: US$31.1b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

ACI Worldwide

Market Cap: US$5.4b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Yalla Group

Market Cap: US$1.2b

Operates a social networking and gaming platform in the Middle East and North Africa region.

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Infinity Natural Resources

Market Cap: US$827.3m

Engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

Ribbon Communications

Market Cap: US$694.2m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Royalty Pharma

Market Cap: US$21.1b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Flowco Holdings

Market Cap: US$1.4b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

ABM Industries

Market Cap: US$2.8b

Through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally.

Intertek Group

Market Cap: US$7.1b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

Vestis

Market Cap: US$537.9m

Provides uniform rentals and workplace supplies in the United States and Canada.

Tenaga Nasional Berhad

Market Cap: US$77.4b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Angel Oak Mortgage REIT

Market Cap: US$227.4m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Silgan Holdings

Market Cap: US$4.5b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

Quanex Building Products

Market Cap: US$642.7m

Provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally.

First Citizens BancShares

Market Cap: US$23.7b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

China Construction Bank

Market Cap: US$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

LKQ

Market Cap: US$7.8b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Surgery Partners

Market Cap: US$2.8b

Owns and operates a network of surgical facilities and ancillary services in the United States.

MGM Resorts International

Market Cap: US$9.5b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

FinVolution Group

Market Cap: US$1.9b

An investment holding company, operates in the online consumer finance industry in the People’s Republic of China, Indonesia, and internationally.

United Parcel Service

Market Cap: US$71.5b

A package delivery and logistics provider, offers transportation and delivery services.

XP

Market Cap: US$10.3b

Provides financial products and services in Brazil.

Coterra Energy

Market Cap: US$17.9b

An independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Carlsberg

Market Cap: US$103.8b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Diebold Nixdorf

Market Cap: US$2.1b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Precision Drilling

Market Cap: US$1.1b

A drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally.

Allison Transmission Holdings

Market Cap: US$7.3b

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

VEON

Market Cap: US$3.8b

A digital operator, provides telecommunications and digital services to corporate and individual customers in Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh.

Century Casinos

Market Cap: US$78.7m

Operates as a casino entertainment company in the United States, Canada, and Poland.