U.S. Potentially Undervalued Companies

Acme United

Market Cap: US$154.2m

Supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally.

Enel

Market Cap: US$81.9b

Operates as an integrated operator in electricity and gas industries worldwide.

Heidrick & Struggles International

Market Cap: US$1.0b

Provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide.

Onto Innovation

Market Cap: US$6.4b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

Reunert

Market Cap: US$8.5b

Operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe.

Bank Hapoalim B.M

Market Cap: US$88.6b

Provides various banking and financial services in Israel and internationally.

Taysha Gene Therapies

Market Cap: US$862.0m

A clinical-stage biotechnology company, focuses on developing and commercializing adeno-associated virus-based gene therapies for the treatment of monogenic diseases of the central nervous system.

Morgan Stanley

Market Cap: US$257.3b

A financial holding company, provides various financial products and services to governments, financial institutions, and individuals in the Americas, Asia, Europe, Middle East, and Africa.

Oak View Bankshares

Market Cap: US$47.4m

Operates as the bank holding company for Oak View National Bank that provides banking services for individual and corporate customers in the counties of Marshall, Warrenton, Culpeper, and Rappahannock, and Virginia.

Babcock International Group

Market Cap: US$6.7b

Engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.

Nabors Industries

Market Cap: US$604.3m

Provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally.

CNFinance Holdings

Market Cap: US$27.6m

Through its subsidiaries, provides home equity loan services in Mainland China.

Evogene

Market Cap: US$34.5m

Operates as a computational biology company in Israel, the United States, Israel, Brazil, and internationally.

Soluna Holdings

Market Cap: US$76.0m

Engages in the mining of cryptocurrency through data centres.

Subaru

Market Cap: US$2.2t

Manufactures and sells automobiles and aerospace products in Japan, Rest of Asia, North America, Europe, and Internationally.

Gudang Garam

Market Cap: US$26.9t

Engages in the manufacture and sale of cigarettes in Indonesia and internationally.

Crystal Valley Financial

Market Cap: US$92.0m

Operates as the holding company for First State Bank that provides various personal and business banking products and services in the United States.

Kawasaki Heavy Industries

Market Cap: US$1.6t

Engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally.

TOTVS

Market Cap: US$26.9b

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

SAP

Market Cap: US$265.4b

Provides enterprise application and business solutions worldwide.

Knorr-Bremse

Market Cap: US$12.9b

Develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.

Flora Growth

Market Cap: US$12.9m

Engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide.

Magnite

Market Cap: US$3.2b

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

SalMar

Market Cap: US$72.0b

An aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally.

Steven Madden

Market Cap: US$2.5b

Designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally.

Aura Biosciences

Market Cap: US$383.3m

A clinical-stage biotechnology company, develops precision therapies to treat solid tumors.

HSBC Holdings

Market Cap: US$180.2b

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

Rolls-Royce Holdings

Market Cap: US$99.9b

Develops and delivers mission-critical power systems in the United Kingdom and internationally.

Elanco Animal Health

Market Cap: US$9.7b

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

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.

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.

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.

Gjensidige Forsikring

Market Cap: US$146.3b

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

Neurocrine Biosciences

Market Cap: US$13.9b

Neurocrine Biosciences, Inc. discovers, develops, and markets pharmaceuticals for neurological, neuroendocrine, and neuropsychiatric disorders in the United States 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.