U.S. Potentially Undervalued Companies

SMA Solar Technology

Market Cap: US$493.1m

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.

Marcus & Millichap

Market Cap: US$1.3b

An investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada.

Arcellx

Market Cap: US$3.7b

Together with its subsidiary, engages in the development of various immunotherapies for patients with cancer and other incurable diseases in the United States.

Soho House & Co

Market Cap: US$1.2b

Operates a global membership platform of physical and digital spaces that connects a group of members.

Dassault Aviation société anonyme

Market Cap: US$23.6b

Designs and manufactures military aircraft, business jets, and space systems in France, the Americas, and internationally.

TechnoPro Holdings

Market Cap: US$331.3b

Through its subsidiaries, operates as a temporary staffing and contract work company in Japan and internationally.

Keysight Technologies

Market Cap: US$26.2b

Offers electronic design and test solutions worldwide.

Medalist Diversified REIT

Market Cap: US$18.2m

Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S.

Alpha and Omega Semiconductor

Market Cap: US$754.8m

Designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally.

Cumulus Media

Market Cap: US$8.4m

An audio-first media company, owns and operates radio stations in the United States.

Hydrofarm Holdings Group

Market Cap: US$9.9m

Engages in the manufacturing and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada.

MTN Group

Market Cap: US$204.3b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Empire State Realty Trust

Market Cap: US$2.2b

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets.

Udemy

Market Cap: US$1.2b

A learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Niu Technologies

Market Cap: US$322.0m

Designs, manufactures, and sells electric scooters in the People's Republic of China, Europe, and internationally.

HORNBACH Holding KGaA

Market Cap: US$1.4b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

NASB Financial

Market Cap: US$264.7m

Operates as a holding company for North American Savings Bank, F.S.B.

Primary Bank

Market Cap: US$116.6m

Provides various financial services to small and medium-sized businesses in New Hampshire, the United States.

Grid Dynamics Holdings

Market Cap: US$1.3b

Provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally.

Martin Marietta Materials

Market Cap: US$30.0b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

REGENXBIO

Market Cap: US$353.1m

A clinical-stage biotechnology company, provides gene therapies that deliver functional genes to cells with genetic defects in the United States.

American Riviera Bancorp

Market Cap: US$111.8m

Provides a range of community banking products and services for businesses and consumers in California.

ExlService Holdings

Market Cap: US$7.8b

Operates as a data analytics, and digital operations and solutions company in the United States and internationally.

Hisense Home Appliances Group

Market Cap: US$35.8b

Engages in the manufacture and sale of household electrical appliances under the Hisense, Ronshen, Kelon, Hitachi, gorenge, ASKO, and York brands in the People’s Republic of China and internationally.

UCB

Market Cap: US$30.6b

A biopharmaceutical company, develops products and solutions for people with neurology and immunology diseases worldwide.

SITC International Holdings

Market Cap: US$50.7b

A shipping logistics company, engages in the provision of integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally.

Chefs' Warehouse

Market Cap: US$2.2b

Distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada.

Affimed

Market Cap: US$11.7m

A clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States and Germany.

Greene County Bancorp

Market Cap: US$390.3m

Operates as a holding company for The Bank of Greene County that provides various financial services in the United States.

Veracyte

Market Cap: US$2.3b

Operates as a diagnostics company in the United States and internationally.

Sonic Automotive

Market Cap: US$2.0b

Operates as an automotive retailer in the United States.

Cargojet

Market Cap: US$1.4b

Provides time-sensitive overnight air cargo services and carries in Canada.

Freelancer

Market Cap: US$81.2m

Operates a freelancing and crowdsourcing marketplace in Australia.

BioArctic

Market Cap: US$15.5b

Develops biological drugs for patients with disorders of the central nervous system in Sweden.

Mountain Commerce Bancorp

Market Cap: US$128.2m

Operates as the holding company for Mountain Commerce Bank that provides banking services for small- and medium-sized businesses, professionals, and affluent individuals.

H World Group

Market Cap: US$11.7b

Develops leased and owned, manachised, and franchised hotels in the People’s Republic of China.