U.S. Undervalued Stocks Based On Cash Flows

TowneBank

Market Cap: US$2.3b

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

BigCommerce Holdings

Market Cap: US$418.2m

Operates a software-as-a-service ecommerce platform for brands and retailers in the United States, North and South America, Europe, the Middle East, Africa, and the Asia Pacific.

Verra Mobility

Market Cap: US$3.5b

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

First Reliance Bancshares

Market Cap: US$75.6m

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

Ready Capital

Market Cap: US$775.5m

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

First National

Market Cap: US$172.7m

Operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia.

KeyCorp

Market Cap: US$15.1b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Viking Holdings

Market Cap: US$17.4b

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

Northpointe Bancshares

Market Cap: US$440.8m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Washington Trust Bancorp

Market Cap: US$505.0m

Operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses.

CareTrust REIT

Market Cap: US$5.2b

CareTrust REIT, Inc.’s (“CareTrust REIT” or the “Company”) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector.

DoorDash

Market Cap: US$75.0b

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

MYT Netherlands Parent B.V

Market Cap: US$672.7m

Through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally.

Mid Penn Bancorp

Market Cap: US$471.3m

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

Texas Capital Bancshares

Market Cap: US$2.8b

Operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers.

Genius Sports

Market Cap: US$2.2b

Engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries.

Metallus

Market Cap: US$523.0m

Manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally.

Coherent

Market Cap: US$8.6b

Develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide.

Moog

Market Cap: US$5.0b

Designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets in the United States, Germany, and internationally.

Equifax

Market Cap: US$27.0b

Operates as a data, analytics, and technology company.

CNX Resources

Market Cap: US$4.3b

An independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin.

Excelerate Energy

Market Cap: US$2.7b

Provides liquefied natural gas (LNG) solutions worldwide.

Afya

Market Cap: US$1.6b

Operates as a medical education group in Brazil.

First Western Financial

Market Cap: US$170.9m

A financial holding company, provides wealth advisory, private banking, personal trust, investment management, mortgage lending, and institutional asset management services to individual and corporate clients.

Independent Bank

Market Cap: US$2.3b

Operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States.

National Fuel Gas

Market Cap: US$6.7b

Operates as a diversified energy company.

Renasant

Market Cap: US$1.8b

Operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers.

Advanced Flower Capital

Market Cap: US$108.5m

Advanced Flower Capital Inc. originates, structures, underwrites, invests, manages senior secured loans, and other of mortgage loans and debt securities for established companies operating in the cannabis industry.

First Advantage

Market Cap: US$2.4b

Provides employment background screening, identity, and verification solutions worldwide.

Oddity Tech

Market Cap: US$2.3b

Operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally.

Penguin Solutions

Market Cap: US$861.5m

Engages in the designing and development of enterprise solutions worldwide.

Alignment Healthcare

Market Cap: US$3.8b

Operates a consumer-centric healthcare platform for seniors in the United States.

Oracle

Market Cap: US$373.9b

Offers products and services that address enterprise information technology environments worldwide.

Perfect

Market Cap: US$166.0m

An artificial intelligence software as a service company, provides artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries worldwide.

CBIZ

Market Cap: US$4.0b

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

EQT

Market Cap: US$29.0b

Engages in the production, gathering, and transmission of natural gas.