U.S. Potentially Undervalued Companies

Clover Health Investments

Market Cap: US$1.6b

Provides medicare advantage plans in the United States.

Semrush Holdings

Market Cap: US$1.1b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

Freshworks

Market Cap: US$3.6b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.

Delta Air Lines

Market Cap: US$36.8b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

BeOne Medicines

Market Cap: US$36.2b

An oncology company, engages in discovering and developing various treatments for cancer patients in the United States, China, Europe, and internationally.

Ardelyx

Market Cap: US$1.4b

Ardelyx, Inc. discovers, develops, and commercializes medicines to treat unmet medical needs in the United States and internationally.

Deutsche Lufthansa

Market Cap: US$9.3b

Operates as an aviation company in Germany and internationally.

Exor

Market Cap: US$17.1b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

Granite Real Estate Investment Trust

Market Cap: US$4.7b

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe.

Crédit Agricole

Market Cap: US$51.1b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Publicis Groupe

Market Cap: US$20.0b

Provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East.

Embotelladora Andina

Market Cap: US$3.4t

Produces, bottles, commercializes, and distributes Coca-Cola trademark beverages in Chile, Brazil, Argentina, and Paraguay.

MetLife

Market Cap: US$53.4b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Science Applications International

Market Cap: US$4.5b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

Petróleo Brasileiro - Petrobras

Market Cap: US$438.2b

Explores, produces, and sells oil and gas in Brazil and internationally.

ERAMET

Market Cap: US$1.6b

Produces and sells manganese and nickel in France, Europe, North America, China, Other Asia, Oceania, Africa, South America, and internationally.

LTC Properties

Market Cap: US$1.7b

LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through RIDEA, triple-net leases, joint ventures, and structured finance solutions.

Reynolds Consumer Products

Market Cap: US$4.8b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

Talos Energy

Market Cap: US$1.8b

Through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico.

Vodafone Group

Market Cap: US$20.6b

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

Xerox Holdings

Market Cap: US$458.0m

Operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally.

QuidelOrtho

Market Cap: US$1.8b

Provides diagnostic testing solutions.

Bank Rakyat Indonesia (Persero)

Market Cap: US$608.4t

Provides various banking products and services in Indonesia and internationally.

FGI Industries

Market Cap: US$13.2m

FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally.

Dynatrace

Market Cap: US$14.7b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Teladoc Health

Market Cap: US$1.4b

Provides virtual healthcare services worldwide.

Owens & Minor

Market Cap: US$368.5m

Operates as a healthcare solutions company worldwide.

361 Degrees International

Market Cap: US$11.7b

An investment holding company, manufactures and trades in sporting goods in the People’s Republic of China.

Clariant

Market Cap: US$2.4b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Centene

Market Cap: US$16.9b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Uber Technologies

Market Cap: US$203.5b

Develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Flight Centre Travel Group

Market Cap: US$2.6b

Provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally.

Aalberts

Market Cap: US$3.0b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

Karoon Energy

Market Cap: US$1.3b

Operates as an oil and gas exploration and production company in Brazil, the United States, and Australia.

HAL Trust

Market Cap: US$12.2b

Operates through multi-sectors in Europe, the United States, Canada, Asia, and internationally.

Meritor

Market Cap: US$2.6b

Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components in North America, South America, Europe, and the Asia Pacific.