U.S. Undervalued Stocks Based On Cash Flows

First Reliance Bancshares

Market Cap: US$77.7m

Operates as the bank holding company for First Reliance Bank that provides banking products and services in North and South Carolina.

FinWise Bancorp

Market Cap: US$183.2m

Operates as the bank holding company for FinWise Bank, which provides various banking products and services to individual and corporate customers in Utah.

MINISO Group Holding

Market Cap: US$5.4b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

StoneCo

Market Cap: US$3.6b

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

Ready Capital

Market Cap: US$763.7m

Operates as a real estate finance company in the United States.

Live Oak Bancshares

Market Cap: US$1.2b

Operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States.

Quaker Chemical

Market Cap: US$1.8b

Quaker Chemical Corporation, doing business as Quaker Houghton, provides industrial process fluids worldwide.

Verra Mobility

Market Cap: US$3.5b

Provides smart mobility technology solutions in the United States, Australia, Europe, and Canada.

Excelerate Energy

Market Cap: US$2.8b

Provides liquefied natural gas (LNG) solutions worldwide.

First Internet Bancorp

Market Cap: US$189.4m

Operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States.

HealthEquity

Market Cap: US$7.9b

Provides technology-enabled services platforms to consumers and employers in the United States.

Nutanix

Market Cap: US$19.7b

Provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

Arrow Financial

Market Cap: US$425.4m

A bank holding company, provides various commercial and consumer banking, and financial products and services in the Unites States.

DoorDash

Market Cap: US$75.0b

Operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally.

MetroCity Bankshares

Market Cap: US$715.6m

Operates as the bank holding company for Metro City Bank that provides banking products and services in the United States.

Vertex Pharmaceuticals

Market Cap: US$111.7b

A biotechnology company, engages in developing and commercializing therapies for treating cystic fibrosis (CF).

German American Bancorp

Market Cap: US$1.4b

Operates as a financial holding company for German American Bank that provides retail and commercial banking, and health management services.

Pagaya Technologies

Market Cap: US$851.3m

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services and other service providers, their customers, and asset investors in the United States, Israel, and the Cayman Islands.

Pure Storage

Market Cap: US$16.0b

Engages in the provision of data storage and management technologies, products, and services in the United States and internationally.

Curbline Properties

Market Cap: US$2.5b

Engages in the business of owning, managing, leasing, and acquiring a portfolio of convenience shopping centers in the United States.

Amerant Bancorp

Market Cap: US$722.2m

Operates as the bank holding company for Amerant Bank, N.A.

First Bancorp

Market Cap: US$1.7b

Operates as the bank holding company for First Bank that provides banking products and services for individuals and businesses.

Mid Penn Bancorp

Market Cap: US$559.2m

Operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations.

Viking Holdings

Market Cap: US$19.1b

Engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally.

Tenable Holdings

Market Cap: US$3.8b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Array Technologies

Market Cap: US$768.8m

Manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally.

CBIZ

Market Cap: US$3.8b

Provides financial, insurance, and advisory services in the United States and Canada.

Alerus Financial

Market Cap: US$533.2m

Operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.

Hess Midstream

Market Cap: US$8.6b

Owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States.

Sarepta Therapeutics

Market Cap: US$3.6b

A commercial-stage biopharmaceutical company, focuses on the discovery and development of RNA-targeted therapeutics, gene therapies, and other genetic therapeutic modalities for the treatment of rare diseases.

CareTrust REIT

Market Cap: US$5.6b

A self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties.

Targa Resources

Market Cap: US$34.5b

Together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

Atour Lifestyle Holdings

Market Cap: US$3.7b

Through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China.

TowneBank

Market Cap: US$2.5b

Provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina.

Afya

Market Cap: US$1.8b

Operates as a medical education group in Brazil.

Elastic

Market Cap: US$8.8b

A search artificial intelligence (AI) company, delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.