U.S. Potentially Undervalued Companies

Hangzhou Tigermed Consulting

Market Cap: US$44.1b

Provides contract research organization services in the People’s Republic of China and internationally.

Kesko Oyj

Market Cap: US$8.2b

Engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland.

Tongcheng Travel Holdings

Market Cap: US$51.1b

An investment holding company, provides travel related services in the People’s Republic of China.

VMware

Market Cap: US$61.5b

VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally.

ITFOR

Market Cap: US$40.8b

Provides IT solutions for various industries in Japan.

MedPeerInc

Market Cap: US$10.4b

Offers services for doctors and pharmacists in Japan.

Panoro Energy

Market Cap: US$2.7b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

Meridian Energy

Market Cap: US$14.9b

Engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom.

Lippo Malls Indonesia Retail Trust

Market Cap: US$107.8m

LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes.

Yokohama Rubber Company

Market Cap: US$916.4b

Engages in the manufacture and sale of tires in Asia, Oceania, Europe, North America, and South America.

CurveBeam AI

Market Cap: US$43.5m

Engages in the development and manufacture of point-of care specialized weight bearing medical imaging equipment in Europe, North America and internationally.

Andlauer Healthcare Group

Market Cap: US$2.1b

A supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States.

Liaoning Port

Market Cap: US$34.2b

Provides port and logistics services in Mainland China.

Banco de Sabadell

Market Cap: US$16.8b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

SMA Solar Technology

Market Cap: US$726.6m

Develops, produces, and sells PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.

CSW Industrials

Market Cap: US$4.1b

Provides various industrial products in the United States and internationally.

Skanska

Market Cap: US$98.9b

Operates as a construction and project development company in the Nordics, Europe, and the United States.

Denny's

Market Cap: US$275.0m

Through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke’s Breakfast Cafe brand names in the United States and internationally.

UFP Technologies

Market Cap: US$1.5b

Designs and manufactures solutions for medical devices, sterile packaging, and other engineered custom products in the United States.

FAT Brands

Market Cap: US$36.6m

A multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts in the United States, Canada, and internationally.

Reading International

Market Cap: US$50.4m

Focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand.

Swiss Re

Market Cap: US$43.4b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Shelf Drilling

Market Cap: US$4.7b

Operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and the North Sea.

Knight-Swift Transportation Holdings

Market Cap: US$6.4b

Provides freight transportation services in the United States and Mexico.

Morningstar

Market Cap: US$9.8b

Provides independent investment insights in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.

SS&C Technologies Holdings

Market Cap: US$21.3b

Provides software products and software-enabled services to financial services and healthcare industries.

Central Pacific Financial

Market Cap: US$824.3m

Operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States.

Suncorp Group

Market Cap: US$21.8b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Metals X

Market Cap: US$655.9m

Engages in the production of tin in Australia.

Alcon

Market Cap: US$29.1b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Tri City Bankshares

Market Cap: US$146.7m

Through its subsidiary, Tri City National Bank, provides various banking products and services in Southeastern Wisconsin.

LSB Industries

Market Cap: US$580.5m

Engages in the manufacture, marketing, and sale of chemical products in the United States.

SEI Investments

Market Cap: US$10.5b

A publicly owned asset management holding company.

Indivior

Market Cap: US$2.8b

Develops, manufactures, and sells buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

Budimex

Market Cap: US$13.1b

Operates as a construction company in Poland, Germany, Slovakia, Czechia, Latvia, rest of the European Union, and internationally.

Airtel Africa

Market Cap: US$8.4b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.