U.S. Potentially Undervalued Companies

Swedbank

Market Cap: US$316.8b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

YPF Sociedad Anónima

Market Cap: US$15.1t

An energy company, engages in the oil and gas upstream and downstream activities in Argentina.

Engie

Market Cap: US$44.4b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Thungela Resources

Market Cap: US$11.3b

Engages in the mining and production of thermal coal in South Africa and Australia.

Silvaco Group

Market Cap: US$172.3m

Provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions in the United States and internationally.

Bioventus

Market Cap: US$445.5m

A medical device company, focuses on relieving pain and addressing musculoskeletal therapies in the United States and internationally.

Oversea-Chinese Banking

Market Cap: US$73.0b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

NatWest Group

Market Cap: US$41.8b

Provides banking and financial products and services in the United Kingdom and internationally.

Unite Group

Market Cap: US$3.5b

Unite was founded in 1991 in Bristol and has grown to become the UK's largest owner, manager, and developer of PBSA serving the country's world-leading higher education sector.

AMN Healthcare Services

Market Cap: US$723.2m

Provides technology-enabled healthcare workforce solutions and staffing services to acute and sub-acute care hospitals, and other healthcare facilities in the United States.

Great Wall Motor

Market Cap: US$203.0b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

Sinopharm Group

Market Cap: US$56.7b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

SGS

Market Cap: US$15.7b

Provides inspection, testing, and certification services in Europe, Africa, the Middle East, Latin America, North America, and the Asia Pacific.

Alimentation Couche-Tard

Market Cap: US$68.3b

Operates and licenses convenience stores in North America, Europe, and Asia.

Yue Yuen Industrial (Holdings)

Market Cap: US$20.9b

An investment holding company, manufactures and sells athletic, athleisure, casual, and outdoor footwear in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally.

Synaptics

Market Cap: US$2.7b

Develops, markets, and sells semiconductor products worldwide.

Burke & Herbert Financial Services

Market Cap: US$941.0m

Operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland.

Ecopetrol

Market Cap: US$75.9t

Operates as an integrated energy company.

Banco Santander (Brasil)

Market Cap: US$108.6b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Azelis Group

Market Cap: US$2.7b

Engages in the distribution and sale of specialty chemicals and food ingredients.

Shimmick

Market Cap: US$93.6m

Provides turnkey infrastructure solutions to the water, energy, climate, and transportation markets in the United States.

Bird Construction

Market Cap: US$1.6b

Provides construction services in Canada.

LifeVantage

Market Cap: US$129.3m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, weight management, pre- and pro-biotics and skin and hair care products.

Lineage

Market Cap: US$9.7b

Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific.

Trinity Industries

Market Cap: US$2.3b

Provides railcar products and services under the TrinityRail trade name in North America.

Agios Pharmaceuticals

Market Cap: US$2.3b

A biopharmaceutical company, discovers and develops medicines in the field of cellular metabolism in the United States.

Vodacom Group

Market Cap: US$256.8b

Provides communications products and services.

Vail Resorts

Market Cap: US$5.5b

Through its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally.

AB Volvo

Market Cap: US$561.2b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

New World Development

Market Cap: US$19.7b

An investment holding company, operates in the property development and investment business in Hong Kong and Mainland China.

Aimia

Market Cap: US$289.2m

Invests in public and private companies.

Engie

Market Cap: US$44.4b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Charles River Laboratories International

Market Cap: US$7.3b

Charles River Laboratories International, Inc.

Li Ning

Market Cap: US$43.7b

A sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China.

MTU Aero Engines

Market Cap: US$20.1b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

KBC Group

Market Cap: US$39.8b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.