U.S. Potentially Undervalued Companies

Happinet

Market Cap: US$66.7b

Operates as an entertainment trading company in Japan.

Greentown China Holdings

Market Cap: US$15.2b

Engages in the development for sale of residential properties in the People’s Republic of China.

Strauss Group

Market Cap: US$8.4b

Develops, manufactures, markets, sells, and distributes various food and beverage products in Israel, North America, Brazil, Europe, and internationally.

Ramaco Resources

Market Cap: US$358.9m

Engages in the development, operation, and sale of metallurgical coal.

Pointerra

Market Cap: US$31.5m

Provides a cloud-based solution for storing, processing, managing, analyzing, extracting, visualizing, and sharing 3D data in Australia and the United States.

Sandfire Resources

Market Cap: US$4.2b

A mining company, engages in the exploration, evaluation, and development of mineral tenements and projects.

Axfood

Market Cap: US$57.3b

Engages in the food retail and wholesale businesses primarily in Sweden.

Calima Energy

Market Cap: US$5.7m

A production-focused energy company, explores for and develops oil and natural gas assets in the Western Canadian Sedimentary Basin.

Regis Resources

Market Cap: US$1.9b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Comture

Market Cap: US$67.8b

Provides cloud, digital, business, platform and operation, and digital learning solutions in Japan.

Borregaard

Market Cap: US$18.3b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Eagle Football Group Société anonyme

Market Cap: US$394.8m

Operates in the entertainment and media sector in France.

Grupo Posadas. de

Market Cap: US$11.3b

Owns and operates hotels primarily in Mexico.

Cookpad

Market Cap: US$16.3b

Engages in the cooking video business in Japan.

Airport City

Market Cap: US$6.0b

Operates as a real estate company in Israel and France.

Suzuken

Market Cap: US$389.1b

Primarily engages in the distribution of pharmaceuticals in Japan and internationally.

Shenzhen Hepalink Pharmaceutical Group

Market Cap: US$14.5b

Shenzhen Hepalink Pharmaceutical Group Co., Ltd.

Cookpad

Market Cap: US$16.3b

Engages in the cooking video business in Japan.

TDC SOFT

Market Cap: US$62.3b

Provides IT consulting services in Japan.

Ebara

Market Cap: US$1.1t

Manufactures and sells industrial machinery.

Alfen

Market Cap: US$254.5m

Through its subsidiaries, engages in the design, engineering, development, production, and service of smart grid solutions, energy storage systems, and electric vehicle charging equipment.

Jersey Oil and Gas

Market Cap: US$36.4m

Engages in the exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom.

Trelleborg

Market Cap: US$79.9b

Provides engineered polymer solutions for seal, damp, and protect critical applications worldwide.

Old Mutual

Market Cap: US$54.0b

Provides financial services primarily in South Africa and rest of Africa.

Toagosei

Market Cap: US$165.1b

Manufactures, distributes, and sells chemical products.

Stanley Electric

Market Cap: US$444.7b

Stanley Electric Co., Ltd., together with its subsidiaries, manufacture, sells, and import/export of automotive and other light bulbs in Japan and internationally.

Boab Metals

Market Cap: US$62.8m

Engages in the exploration and development of mineral tenements in Australia.

Dai Nippon Printing

Market Cap: US$1.2t

Primarily engages in the printing and information business.

TBS HoldingsInc

Market Cap: US$857.6b

Engages in the broadcasting and real estate businesses primarily in Japan.

International Container Terminal Services

Market Cap: US$971.9b

Acquires, develops, manages, and operates container ports and terminals for container shipping industry in Asia, Europe, the Middle East, Africa, and the Americas.

Elixirr International

Market Cap: US$391.0m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

FONAR

Market Cap: US$100.6m

Engages in the designing, manufacturing, selling, and servicing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries in the United States.

CEMATRIX

Market Cap: US$54.8m

Through its subsidiaries, engages in the onsite production of cellular concrete for infrastructure, industrial, and commercial construction markets in North America.

Xtract One Technologies

Market Cap: US$172.2m

Engages in the research, development, and commercialization of threat detection gateway solutions in the United States, Japan, France, the United Kingdom, and Canada.

Amadeus IT Group

Market Cap: US$29.2b

Operates as a transaction processor for the travel and tourism industry in Spain, Germany, rest of Europe, the Middle East, Africa, Asia and the Pacific, the United States of America, and rest of America.

IRSA Inversiones y Representaciones Sociedad Anónima

Market Cap: US$1.3t

Engages in the diversified real estate activities in Argentina.