U.S. Potentially Undervalued Companies

Stoneridge

Market Cap: US$217.1m

Designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, and agricultural vehicle markets in North America, South America, Europe, Mexico, China, and internationally.

Gibraltar Industries

Market Cap: US$1.8b

Manufactures and provides products and services for the residential, renewable energy, agtech, and infrastructure markets in the United States and internationally.

Pollard Banknote

Market Cap: US$550.3m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Gaotu Techedu

Market Cap: US$798.9m

A data-driven education company, provides learning services, educational content, and digitalized learning products in Mainland China.

Canadian Solar

Market Cap: US$890.6m

Provides solar energy and battery energy storage products and solutions in Asia, the Americas, Europe, and internationally.

Garrett Motion

Market Cap: US$2.7b

Designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors in the United States, Europe, Asia, and internationally.

Matson

Market Cap: US$3.3b

Engages in the provision of ocean transportation and logistics services.

Nippon Steel

Market Cap: US$3.3t

Engages in steelmaking and steel fabrication, engineering, chemicals and materials, and system solutions businesses in Japan and internationally.

Entain

Market Cap: US$5.8b

Operates as a sports-betting and gaming company in the United Kingdom, Ireland, Italy, rest of Europe, Australia, New Zealand, and internationally.

Hertz Global Holdings

Market Cap: US$2.2b

Operates as a vehicle rental company.

Pitney Bowes

Market Cap: US$2.0b

Operates as a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to small businesses, large enterprises, and government entities around the world.

EMCOR Group

Market Cap: US$28.0b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Cadeler

Market Cap: US$17.9b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Trinity Capital

Market Cap: US$1.1b

A business development company specializing in term loans, equipment financing, and private equity-related investments.

Vodafone Group

Market Cap: US$20.6b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

StoneCo

Market Cap: US$5.0b

Provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

Upwork

Market Cap: US$2.6b

Operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally.

IGM Financial

Market Cap: US$12.0b

Engages in the asset management business in Canada.

Iron Mountain

Market Cap: US$29.8b

Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds.

Puma Biotechnology

Market Cap: US$236.7m

A biopharmaceutical company, focuses on the development and commercialization of products to enhance cancer care in the United States and internationally.

UGI

Market Cap: US$7.0b

Engages in the distribution, storage, transportation, and marketing of energy products and related services in the United States and internationally.

Barclays

Market Cap: US$53.4b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Cyrela Brazil Realty Empreendimentos e Participações

Market Cap: US$11.0b

Develops and constructs residential properties in Brazil.

WPP

Market Cap: US$3.8b

A creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.

China Petroleum & Chemical

Market Cap: US$664.5b

An energy and chemical company, engages in the oil and gas and chemical operations in Mainland China.

Scorpio Tankers

Market Cap: US$2.7b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Jefferson Capital

Market Cap: US$990.5m

Provides debt recovery solutions and other related services in the United States, the United Kingdom, Canada, and Latin America.

Delivra Health Brands

Market Cap: US$6.3m

Through its subsidiaries, provides lifestyle, health, and wellness products to consumers and patients worldwide.

Alamtri Resources Indonesia

Market Cap: US$49.6t

Engages in the coal and mining business in Indonesia.

Worldline

Market Cap: US$732.6m

Provides payments and transactional services for financial institutions, merchants, corporations, and government agencies in Northern Europe, Central and Eastern Europe, Southern Europe, and internationally.

HEXPOL

Market Cap: US$29.4b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

3i Group

Market Cap: US$38.8b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

United Therapeutics

Market Cap: US$19.6b

A biotechnology company, engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally.

Calian Group

Market Cap: US$554.7m

Provides business products and solutions in Canada and internationally.

NorthWest Healthcare Properties Real Estate Investment Trust

Market Cap: US$1.3b

Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe, and Australasia.

Alaris Equity Partners Income Trust

Market Cap: US$871.9m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.