U.S. Potentially Undervalued Companies

Ultrafabrics HoldingsLtd

Market Cap: US$19.9b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.

EBOS Group

Market Cap: US$7.3b

Engages in the marketing, wholesale, and distribution of healthcare, medical, pharmaceutical, and animal care products in Australia, Southeast Asia, and New Zealand.

Japan Aviation Electronics Industry

Market Cap: US$176.7b

Provides connectors, user interface solutions, and aerospace electronics in Japan.

CellaVision

Market Cap: US$3.6b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Jinxin Fertility Group

Market Cap: US$9.1b

An investment holding company, provides assisted reproductive services (ARS) in China and the United States.

CTF Services

Market Cap: US$29.8b

A conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland.

Toyo Suisan Kaisha

Market Cap: US$1.1t

Produces and sells food products in Japan and internationally.

Embla Medical hf

Market Cap: US$13.6b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Kuo. de

Market Cap: US$22.8b

Manufactures and sells consumer products, plastics and chemical products, and transmissions and auto parts in Mexico, the United States, Spain, Belgium, and China.

freenet

Market Cap: US$3.3b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Ipsen

Market Cap: US$9.9b

Operates as a biopharmaceutical company worldwide.

FIBRA Terrafina

Market Cap: US$27.9b

Terrafina (BMV: TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico.

Telefónica Deutschland Holding

Market Cap: US$6.0b

Provides integrated telecommunication services to private and business customers in Germany.

Voestalpine

Market Cap: US$5.0b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

Minor International

Market Cap: US$132.1b

Operates as a hospitality, restaurant, and lifestyle company in Thailand, Australia, New Zealand, Europe, the United States, Maldives, the Middle East, and internationally.

Deutsche Wohnen

Market Cap: US$8.4b

Develops and manages residential properties in Germany.

Gielda Papierów Wartosciowych w Warszawie

Market Cap: US$2.4b

Operates a stock exchange in Poland.

Metro

Market Cap: US$2.0b

Operates as a food wholesale company in Germany and internationally.

Vimian Group

Market Cap: US$15.2b

Engages in the animal health business worldwide.

PETRONAS Chemicals Group Berhad

Market Cap: US$35.4b

An investment holding company, engages in production and sale of chemicals.

Autohellas

Market Cap: US$552.4m

Engages in the car rental and sale activities under the Hertz, Thrifty, Dollar, and Firefly brands.

Nuix

Market Cap: US$937.0m

Provides investigative analytics and intelligence software solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

CVS Group

Market Cap: US$873.8m

Engages in veterinary, pet crematoria, online pharmacy, and retail businesses.

Bosideng International Holdings

Market Cap: US$52.4b

Engages in the apparel business in the People’s Republic of China.

Grupo Gigante S. A. B. de C. V

Market Cap: US$29.6b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

Deutsche Wohnen

Market Cap: US$8.4b

Develops and manages residential properties in Germany.

Valmet Oyj

Market Cap: US$5.5b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, South America, China, Europe, the Middle East, Africa, and the Asia Pacific.

Orkla

Market Cap: US$103.4b

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.

ITV

Market Cap: US$3.0b

A vertically integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide.

Revenio Group Oyj

Market Cap: US$609.2m

Provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

Nexteer Automotive Group

Market Cap: US$20.1b

A motion control technology company, develops, manufactures, and supplies steering and driveline systems to original equipment manufacturer worldwide.

Close Brothers Group

Market Cap: US$730.2m

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

Turaco Gold

Market Cap: US$451.9m

Engages in the mineral exploration of gold deposits in Cote d’Ivoire.

Shenzhen Investment Holdings Bay Area Development

Market Cap: US$5.7b

An investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People’s Republic of China.

Fukuoka Financial Group

Market Cap: US$856.5b

Provides various banking services to individual and corporate customers.

Shanghai Industrial Holdings

Market Cap: US$14.7b

An investment holding company, engages in the infrastructure and environmental protection, real estate, consumer products, and comprehensive healthcare operations businesses.