U.S. Potentially Undervalued Companies

CPI Card Group

Market Cap: US$181.9m

Engages in the design, production, data personalization, packaging, and fulfillment of payment cards in the United States.

Wyndham Hotels & Resorts

Market Cap: US$6.3b

Operates as a hotel franchisor in the United States and internationally.

Aviat Networks

Market Cap: US$299.6m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

Concentrix

Market Cap: US$3.5b

Designs, builds, and runs integrated customer experience (CX) solutions worldwide.

Merck

Market Cap: US$199.7b

Operates as a healthcare company worldwide.

Cigna Group

Market Cap: US$77.4b

Provides insurance and related products and services in the United States.

Eastman Chemical

Market Cap: US$7.4b

Operates as a specialty materials company in the United States, China, and internationally.

Catalyst Pharmaceuticals

Market Cap: US$2.4b

A commercial-stage biopharmaceutical company, focuses on developing and commercializing medicines for patients living with rare diseases in the United States.

Byrna Technologies

Market Cap: US$500.8m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Comcast

Market Cap: US$116.7b

Operates as a media and technology company worldwide.

Regeneron Pharmaceuticals

Market Cap: US$58.9b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

CorMedix

Market Cap: US$893.0m

A biopharmaceutical company, focuses on developing and commercializing therapeutic products for life-threatening diseases and conditions in the United States.

Exact Sciences

Market Cap: US$9.9b

Provides cancer screening and diagnostic test products in the United States and internationally.

Clearwater Analytics Holdings

Market Cap: US$5.2b

Develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.

Entain

Market Cap: US$5.6b

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

Deluxe

Market Cap: US$865.4m

Provides technology-enabled solutions to small and medium-sized businesses, and financial institutions in the United States and Canada.

Owlet

Market Cap: US$147.9m

Provides digital parenting solutions in the United States, the United Kingdom, and internationally.

ProFrac Holding

Market Cap: US$658.4m

Operates as a technology-focused energy services holding company in the United States.

GoDaddy

Market Cap: US$19.8b

Engages in the design and development of cloud-based products in the United States and internationally.

Big Yellow Group

Market Cap: US$1.8b

Big Yellow is the UK's brand leader in self storage.

SBA Communications

Market Cap: US$21.3b

A leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells.

AdaptHealth

Market Cap: US$1.2b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

Metropolitan Bank & Trust

Market Cap: US$308.1b

Provides various commercial and investment banking products and services in the Philippines, rest of Asia, the United States of America, and Europe.

Churchill Downs

Market Cap: US$6.8b

Operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.

Ingredion

Market Cap: US$7.8b

Manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries worldwide.

Dolby Laboratories

Market Cap: US$6.9b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions primarily for application in the television, broadcast, and live entertainment industries in the United States and internationally.

Anheuser-Busch InBev

Market Cap: US$98.8b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Xperi

Market Cap: US$291.9m

Operates as a consumer and entertainment technology company worldwide.

Omnicom Group

Market Cap: US$14.8b

Offers advertising, marketing, and corporate communications services.

Carriage Services

Market Cap: US$704.7m

Provides funeral and cemetery services, and merchandise in the United States.

Avidbank Holdings

Market Cap: US$281.6m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

Kforce

Market Cap: US$531.3m

Provides professional staffing services and solutions in the United States.

Forward Air

Market Cap: US$843.4m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

ZTO Express (Cayman)

Market Cap: US$14.9b

Provides express delivery and other value-added logistics services in the People's Republic of China.

Option Care Health

Market Cap: US$4.5b

Offers home and alternate site infusion services in the United States.

Driven Brands Holdings

Market Cap: US$2.7b

Provides automotive services to retail and commercial customers in the United States, Canada, and internationally.