U.S. Potentially Undervalued Companies

Elanco Animal Health

Market Cap: US$9.7b

An animal health company, innovates, develops, manufactures, and markets products for pets and farm animals worldwide.

Magnite

Market Cap: US$3.2b

Operates an independent omni-channel sell-side advertising platform in the United States and internationally.

National CineMedia

Market Cap: US$429.2m

Through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America.

TOTVS

Market Cap: US$26.9b

Develops and sells management software, and productivity and collaboration platforms in Brazil and internationally.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$922.4m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Flutter Entertainment

Market Cap: US$49.8b

Operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally.

Trinseo

Market Cap: US$85.2m

Provides specialty material solutions in the United States, Europe, the Asia-Pacific, and internationally.

Virtus Investment Partners

Market Cap: US$1.3b

A publicly owned investment manager.

ANA Holdings

Market Cap: US$1.3t

Provides air transportation services in Japan and internationally.

West Japan Railway

Market Cap: US$1.5t

Provides railway transport services in Japan.

Klaviyo

Market Cap: US$9.4b

A technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Legacy Housing

Market Cap: US$652.8m

Engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States.

HSBC Holdings

Market Cap: US$180.2b

Engages in the provision of banking and financial products and services worldwide.

Toray Industries

Market Cap: US$1.4t

Manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally.

EVERTEC

Market Cap: US$2.2b

Provides transaction processing and financial technology services in Latin America, Puerto Rico, and the Caribbean.

Bureau Veritas

Market Cap: US$11.8b

Provides laboratory testing, inspection, and certification services.

Emerson Electric

Market Cap: US$72.7b

A technology and software company, provides various solutions in the Americas, Asia, the Middle East, Africa, and Europe.

Gjensidige Forsikring

Market Cap: US$146.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Close Brothers Group

Market Cap: US$736.2m

A merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom.

BJ's Restaurants

Market Cap: US$671.0m

Operates full-service restaurants in the United States.

Generation Income Properties

Market Cap: US$5.0m

Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.

Companhia Paranaense de Energia - COPEL

Market Cap: US$37.2b

Engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil.

WEG

Market Cap: US$152.6b

Engages in the production and sale of capital goods in Brazil and internationally.

Westlake

Market Cap: US$9.9b

Manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, and internationally.

Astrana Health

Market Cap: US$1.4b

A healthcare management company, provides medical care services in the United States.

SECURE Waste Infrastructure

Market Cap: US$4.3b

Engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.

Sun Hung Kai Properties

Market Cap: US$270.1b

Develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally.

Vitesse Energy

Market Cap: US$949.2m

Engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States.

freee K.K

Market Cap: US$207.9b

Engages in the provision of cloud-based accounting and HR software solutions in Japan.

Nissan Motor

Market Cap: US$1.3t

Manufactures and sells vehicles and automotive parts worldwide.

Interpublic Group of Companies

Market Cap: US$9.9b

Provides advertising and marketing services worldwide.

Mitsubishi

Market Cap: US$13.4t

Engages in the global environment and energy, material solutions, metal resources, social infrastructure, mobility, food industry, SLC, and power solutions businesses in Japan and internationally.

Water Ways Technologies

Market Cap: US$669.5k

An agriculture technology company, provides water irrigation solutions to agricultural producers in Israel, North America, South and Central America, Asia, Africa, Europe, and internationally.

Bank of South Carolina

Market Cap: US$84.5m

Operates as a bank holding company for The Bank of South Carolina that provides financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina.

Liontown Resources

Market Cap: US$2.8b

Engages in the exploration, evaluation, and development of mineral properties in Australia.

AltaGas

Market Cap: US$12.8b

Operates as an energy infrastructure company in North America.