U.S. Potentially Undervalued Companies

IRSA Inversiones y Representaciones Sociedad Anónima

Market Cap: US$1.3t

Engages in the diversified real estate activities in Argentina.

Coincheck Group

Market Cap: US$590.0m

Provides cryptocurrency exchange platform in Japan.

DoubleVerify Holdings

Market Cap: US$1.9b

Provides media effectiveness platforms in the United States and internationally.

F.N.B

Market Cap: US$5.8b

A bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States.

Polaris

Market Cap: US$3.3b

Designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally.

Vishay Intertechnology

Market Cap: US$2.0b

Manufactures and sells discrete semiconductors and passive electronic components in the United States, Germany, rest of Europe, Israel, and Asia.

WEX

Market Cap: US$5.5b

Operates a commerce platform in the United States and internationally.

Unilever

Market Cap: US$109.8b

Operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe.

Marubeni

Market Cap: US$6.1t

Marubeni Corporation purchases, distributes, and markets industrial and consumer goods.

Independence Realty Trust

Market Cap: US$4.0b

Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities, across non-gateway U.S.

TPG RE Finance Trust

Market Cap: US$677.5m

A commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States.

Lindsay

Market Cap: US$1.5b

Provides water management and road infrastructure products and services in the United States and internationally.

Spire

Market Cap: US$4.8b

Engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States.

GFL Environmental

Market Cap: US$23.6b

Provides non-hazardous solid waste management and environmental services in Canada and the United States.

Toyota Tsusho

Market Cap: US$4.4t

Engages in the metals, circular economy, supply chain, mobility, green infrastructure, digital solutions, and lifestyle businesses.

British Land

Market Cap: US$3.5b

British Land is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses, retail parks, and London urban logistics.

Aon

Market Cap: US$76.8b

A professional services firm, provides a range of risk and human capital solutions worldwide.

Orkla

Market Cap: US$103.6b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Leonardo

Market Cap: US$30.6b

An industrial and technological company, engages in the helicopters, defense electronics and security, cyber security and solutions, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States of America, and internationally.

Carrier Global

Market Cap: US$50.1b

Provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally.

Orion

Market Cap: US$447.5m

Engages in the manufacture and sale of carbon black products.

2020 Bulkers

Market Cap: US$3.3b

Owns and operates large dry bulk vessels worldwide.

FLSmidth

Market Cap: US$24.9b

Provides flowsheet technology and service solutions for the mining and cement industries in Denmark, the United States of America, Canada, Chile, Brazil, Peru, Australia, North and South America, Europe, the Middle East, Africa, and Asia.

Savannah Resources

Market Cap: US$99.3m

Engages in the exploration and development of lithium properties.

Vita Coco Company

Market Cap: US$2.3b

Develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific.

Thule Group

Market Cap: US$25.0b

Operates as a sports and outdoor company.

Tamarack Valley Energy

Market Cap: US$3.1b

Engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin.

Koil Energy Solutions

Market Cap: US$29.6m

An energy services company, provides equipment and support services to the energy and offshore industries.

Svenska Handelsbanken

Market Cap: US$248.0b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

SmartStop Self Storage REIT

Market Cap: US$1.4b

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand.

InPost

Market Cap: US$5.1b

Operates as an out-of-home e-commerce enablement platform providing parcel locker services in Poland and other European countries.

Air Lease

Market Cap: US$7.1b

An aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines in the Asia Pacific, Europe, the Middle East, Africa, Mexico, Central America, South America, the United States, and Canada.

CCL Industries

Market Cap: US$13.9b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

ROK Resources

Market Cap: US$49.2m

Operates as an independent oil and gas company in Canada.

Enel

Market Cap: US$81.0b

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

Tokyo Electron

Market Cap: US$12.2t

Develops, manufactures, and sells semiconductor production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.