U.S. Potentially Undervalued Companies

Mondelez International

Market Cap: US$80.9b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe.

Accuray

Market Cap: US$188.2m

Engages in the design, development, manufacture, and sale of radiosurgery and radiation therapy systems for the treatment of tumors in the United States, Canada, Latin America, Asia, Australia, New Zealand, Europe, the Middle East, India, Africa, Japan, and China.

F&G Annuities & Life

Market Cap: US$4.3b

Provides annuity and life insurance products in the United States.

Northrop Grumman

Market Cap: US$83.9b

Operates as an aerospace and defense technology company in the United States, the Asia/Pacific, Europe, and internationally.

Mitsui

Market Cap: US$11.0t

Operates as trading and investment company worldwide.

Mondi

Market Cap: US$4.5b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia.

Armada Hoffler Properties

Market Cap: US$704.9m

Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

BYD

Market Cap: US$1.0t

Engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

KION GROUP

Market Cap: US$7.4b

Provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific.

PotlatchDeltic

Market Cap: US$3.0b

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) with ownership of 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina.

TaskUs

Market Cap: US$1.6b

Provides outsourced digital services for companies in Philippines, the United States, India, and internationally.

Tencent Music Entertainment Group

Market Cap: US$37.3b

Operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People’s Republic of China.

Aterian

Market Cap: US$8.5m

Operates as a technology-enabled consumer products company in North America, Chile, Colombia, Argentina, and internationally.

Nippon Yusen Kabushiki Kaisha

Market Cap: US$2.3t

Provides logistics services worldwide.

New Jersey Resources

Market Cap: US$4.7b

An energy services holding company, distributes natural gas.

Taboola.com

Market Cap: US$1.1b

Operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally.

Ardent Health

Market Cap: US$1.9b

Owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States.

DSM-Firmenich

Market Cap: US$18.3b

Provides nutrition, health, and beauty solutions in Switzerland, the Netherlands, rest of Europe, the Middle East and Africa, North America, Latin America, China, and rest of Asia.

STMicroelectronics

Market Cap: US$21.3b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Bionano Genomics

Market Cap: US$16.6m

Provides genome analysis solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

TransMedics Group

Market Cap: US$3.9b

A commercial-stage medical technology company, engages in transforming organ transplant therapy for end-stage organ failure patients in the United States and internationally.

DRDGOLD

Market Cap: US$2.3b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

Domo

Market Cap: US$666.3m

Operates a cloud-based modern AI and data products platform in North America, Western Europe, Australia, Japan, and India.

Wayfair

Market Cap: US$11.0b

Engages in the e-commerce business in the United States and internationally.

TherapeuticsMD

Market Cap: US$12.3m

Operates as a pharmaceutical royalty company in the United States.

Progyny

Market Cap: US$1.8b

A benefits management company, provides fertility, family building, and women’s health benefits solutions in the United States.

Isuzu Motors

Market Cap: US$1.4t

Manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide.

D-Market Elektronik Hizmetler ve Ticaret

Market Cap: US$912.7m

D-Market Elektronik Hizmetler ve Ticaret A.S.

Danaos

Market Cap: US$1.7b

Through its subsidiaries, owns and operates containerships and drybulk vessels in Australia, Europe, and the United States.

Hillenbrand

Market Cap: US$1.6b

Operates as an industrial company in the United States and internationally.

Black Hills

Market Cap: US$4.4b

Through its subsidiaries, operates as an electric and natural gas utility company in the United States.

CECO Environmental

Market Cap: US$1.8b

Provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally.

Oncology Institute

Market Cap: US$329.1m

An oncology company, provides various medical oncology services in the United States.

Aurinia Pharmaceuticals

Market Cap: US$1.7b

A biopharmaceutical company that engages in delivering therapies to people living with autoimmune diseases with high unmet medical needs.

American Eagle Outfitters

Market Cap: US$3.0b

Operates as a multi-brand specialty retailer in the United States and internationally.

Nicolet Bankshares

Market Cap: US$2.0b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.