U.S. Undervalued Stocks Based On Cash Flows

Ategrity Specialty Insurance Company Holdings

Market Cap: US$954.6m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Advanced Flower Capital

Market Cap: US$108.0m

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

Northwest Bancshares

Market Cap: US$1.8b

Operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions in the United States.

Willdan Group

Market Cap: US$1.7b

Provides professional, technical, and consulting services primarily in the United States.

First Commonwealth Financial

Market Cap: US$1.8b

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

UMB Financial

Market Cap: US$8.7b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

Royal Gold

Market Cap: US$11.3b

Acquires and manages precious metal streams, royalties, and related interests.

First Busey

Market Cap: US$2.1b

Operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States.

Corsair Gaming

Market Cap: US$986.1m

Designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific.

Dime Community Bancshares

Market Cap: US$1.3b

Operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services.

Perfect

Market Cap: US$193.5m

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.

Excelerate Energy

Market Cap: US$2.7b

Provides liquefied natural gas (LNG) solutions worldwide.

Privia Health Group

Market Cap: US$2.5b

Operates as a national physician-enablement company in the United States.

Granite Ridge Resources

Market Cap: US$706.1m

Operates as a non-operated oil and natural gas exploration and production company.

Niagen Bioscience

Market Cap: US$820.0m

Operates as a bioscience company engages in developing healthy aging products.

Udemy

Market Cap: US$1.1b

A learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

StoneCo

Market Cap: US$4.1b

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

Old National Bancorp

Market Cap: US$8.4b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Shoals Technologies Group

Market Cap: US$773.2m

Provides electrical balance of system (EBOS) solutions and components in the United States and internationally.

Klaviyo

Market Cap: US$8.4b

A technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Ligand Pharmaceuticals

Market Cap: US$3.0b

A biopharmaceutical company, develops and licenses biopharmaceutical assets worldwide.

Hims & Hers Health

Market Cap: US$10.8b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Limbach Holdings

Market Cap: US$1.3b

Operates as a building systems solution company in the United States.

Elastic

Market Cap: US$7.7b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

e.l.f. Beauty

Market Cap: US$6.9b

A beauty company, provides cosmetics and skin care products worldwide.

Rhythm Pharmaceuticals

Market Cap: US$6.4b

A commercial-stage biopharmaceutical company, focuses on the rare neuroendocrine diseases.

Dayforce

Market Cap: US$8.2b

Operates as a human capital management (HCM) software company in the United States, Canada, Australia, and internationally.

ACNB

Market Cap: US$466.5m

A financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States.

Sachem Capital

Market Cap: US$52.5m

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

HubSpot

Market Cap: US$22.3b

Provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific.

Bowhead Specialty Holdings

Market Cap: US$1.0b

Provides commercial specialty property and casualty insurance products in the United States.

Tenable Holdings

Market Cap: US$3.6b

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

Roku

Market Cap: US$12.4b

Operates a TV streaming platform in the United States and internationally.

Trade Desk

Market Cap: US$26.0b

Operates as a technology company in the United States and internationally.

ConnectOne Bancorp

Market Cap: US$1.2b

Operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the United States.

Berkshire Hills Bancorp

Market Cap: US$1.2b

Operates as the bank holding company for Berkshire Bank that provides commercial and retail banking consumer lending, private banking and wealth management services in the United States.