U.S. Undervalued based on future growth

Insight Enterprises

Market Cap: US$2.6b

Provides information technology, hardware, software, and services in the United States and internationally.

Bancorp

Market Cap: US$2.5b

Operates as the financial holding company for The Bancorp Bank, National Association that provides banking products and services in the United States.

Andersen Group

Market Cap: US$2.5b

Provides independent tax, valuation, and financial advisory services to individuals and family offices, businesses, and institutional clients in the United States.

eToro Group

Market Cap: US$2.5b

Engages in the trading business.

Northern Oil and Gas

Market Cap: US$2.4b

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States.

First Bancorp

Market Cap: US$2.4b

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

Seadrill

Market Cap: US$2.4b

Provides offshore drilling services to the oil and gas industry worldwide.

SiriusPoint

Market Cap: US$2.4b

Provides multi-line reinsurance and insurance products and services worldwide.

Beacon Financial

Market Cap: US$2.4b

Operates as the bank holding company for Beacon Bank & Trust that provides various banking solutions in New England and New York, the United States.

Kemper

Market Cap: US$2.3b

An insurance holding company, provides insurance products in the United States.

SM Energy

Market Cap: US$2.2b

An independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas.

Rattler Midstream

Market Cap: US$2.2b

Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin.

Organon

Market Cap: US$2.2b

Develops and delivers health solutions through prescription therapies and medical devices in the United States, Europe, Canada, Japan, rest of the Asia Pacific, Latin America, the Middle East, Russia, Africa, and internationally.

Chagee Holdings

Market Cap: US$2.2b

Through its subsidiaries, owns, operates, and franchises teahouses under the CHAGEE brand name in the People’s Republic of China and internationally.

First Busey

Market Cap: US$2.2b

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.

Sezzle

Market Cap: US$2.2b

Operates as a technology-enabled payments company primarily in the United States and Canada.

Nicolet Bankshares

Market Cap: US$2.1b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

Bausch Health Companies

Market Cap: US$2.1b

Operates as a diversified specialty pharmaceutical and medical device company, develops, manufactures, and markets a range of products primarily in gastroenterology, hepatology, neurology, dermatology, generic pharmaceuticals, over-the-counter (OTC) products, aesthetic medical devices, and eye health in the United States and internationally.

Burford Capital

Market Cap: US$2.1b

Provides legal finance products and services worldwide.

Harmony Biosciences Holdings

Market Cap: US$2.1b

A commercial-stage pharmaceutical company, focuses on developing and commercializing therapies for patients with rare and other neurological diseases in the United States.

Andersons

Market Cap: US$2.1b

Operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally.

Sonic Automotive

Market Cap: US$2.0b

Operates as an automotive retailer in the United States.

National Energy Services Reunited

Market Cap: US$2.0b

Provides oilfield services in the Middle East and North Africa region.

Skyward Specialty Insurance Group

Market Cap: US$2.0b

An insurance holding company, underwrites commercial property and casualty insurance products in the United States.

Kohl's

Market Cap: US$2.0b

Operates as an omnichannel retailer in the United States.

LendingClub

Market Cap: US$2.0b

Operates as a bank holding company, that provides range of financial products and services in the United States.

ARMOUR Residential REIT

Market Cap: US$1.9b

Invests in residential mortgage-backed securities (MBS) in the United States.

CoreCivic

Market Cap: US$1.9b

Owns and operates partnership correctional, detention, and residential reentry facilities in the United States.

Sylvamo

Market Cap: US$1.9b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Merchants Bancorp

Market Cap: US$1.9b

Operates as the diversified bank holding company in the United States.

Fresh Del Monte Produce

Market Cap: US$1.9b

Through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally.

Northwest Bancshares

Market Cap: US$1.9b

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.

Marriott Vacations Worldwide

Market Cap: US$1.9b

A vacation company, engages in the vacation ownership, exchange, rental, and resort and property management businesses in the United States and internationally.

Flowco Holdings

Market Cap: US$1.9b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Live Oak Bancshares

Market Cap: US$1.8b

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

Simply Good Foods

Market Cap: US$1.7b

A consumer-packaged food and beverage company, engages in the development, marketing, and sale of snacks and meal replacements, and other products in North America and internationally.