U.S. Potentially Undervalued Companies

Carlsberg

Market Cap: US$103.7b

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

BP

Market Cap: US$68.0b

An integrated energy company, provides carbon products and services.

ATI

Market Cap: US$10.6b

Produces and sells specialty materials and complex components worldwide.

JOYY

Market Cap: US$3.2b

Engages in the provision of social product matrix and communication technology.

Aptiv

Market Cap: US$18.5b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

SM Energy

Market Cap: US$3.1b

An independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas.

Harmony Gold Mining

Market Cap: US$184.3b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Spin Master

Market Cap: US$2.1b

A children’s entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally.

MTY Food Group

Market Cap: US$868.7m

Operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally.

ADENTRA

Market Cap: US$828.1m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Brenntag

Market Cap: US$7.2b

Engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.

Blue Bird

Market Cap: US$1.9b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Market Cap: US$1.6t

Provides fixed-line and mobile telecommunication services for residential and business customers in Hungary, Bulgaria, Romania, and the Republic of North Macedonia.

Korn Ferry

Market Cap: US$3.8b

Engages in the provision of organizational consulting services worldwide.

Henkel KGaA

Market Cap: US$27.0b

Engages in the adhesive technologies and consumer brands businesses in Europe, India, the Middle East, Africa, North America, Latin America, the Asia Pacific.

BRC

Market Cap: US$389.7m

Through its subsidiaries, purchases, roasts, and sells coffee and coffee accessories in the United States.

Mister Car Wash

Market Cap: US$1.7b

Provides conveyorized car wash services in the United States.

Banco Latinoamericano de Comercio Exterior S. A

Market Cap: US$1.7b

Banco Latinoamericano de Comercio Exterior, S.

ODP

Market Cap: US$837.6m

Provides business products, services and supplies, and digital workplace technology solutions to small, medium, and enterprise-level businesses in the United States, Puerto Rico, the U.S.

Chorus Aviation

Market Cap: US$612.5m

Through its subsidiaries, provides aviation services.

Hellenic Telecommunications Organization

Market Cap: US$6.5b

Engages in the provision of telecommunications and related services to residential and businesses in Greece and Romania.

Loomis

Market Cap: US$26.8b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

AB Volvo

Market Cap: US$542.8b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

Navigator Global Investments

Market Cap: US$1.0b

HFA Holdings Limited operates as a fund management company in Australia.

Carmila

Market Cap: US$2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Smith Micro Software

Market Cap: US$15.4m

Develops and sells software solutions to simplify and enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa.

NTG Clarity Networks

Market Cap: US$97.5m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

Minth Group

Market Cap: US$39.7b

An investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and moulds of passenger cars.

Atos

Market Cap: US$996.1m

Provides digital transformation solutions and services in France and internationally.

UP Fintech Holding

Market Cap: US$1.8b

Provides online brokerage services focusing on Chinese investors in New Zealand, the Cayman Island, Singapore, the United States, and internationally.

Pearson

Market Cap: US$6.7b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

Anhui Conch Cement

Market Cap: US$130.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Hafnia

Market Cap: US$30.8b

Owns and operates oil product tankers in Bermuda.

Whirlpool

Market Cap: US$4.5b

Manufactures and markets home appliances and related products and services in the North America, Latin America, Asia, and internationally.

Ameriprise Financial

Market Cap: US$46.4b

Operates as a diversified financial services company in the United States and internationally.

ProPetro Holding

Market Cap: US$553.1m

Operates as an integrated oilfield services company.