U.S. Undervalued based on future growth

VEON

Market Cap: US$3.4b

A digital operator, provides telecommunications and digital services to corporate and individual customers in Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh.

Renasant

Market Cap: US$3.4b

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.

Murphy Oil

Market Cap: US$3.4b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.

CBIZ

Market Cap: US$3.4b

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

Corporación América Airports

Market Cap: US$3.3b

Through its subsidiaries, acquires, develops, and operates airport concessions.

Valaris

Market Cap: US$3.2b

Provides offshore contract drilling services in Brazil, the United Kingdom, U.S.

Terex

Market Cap: US$3.2b

Provides materials processing machinery and mobile elevating work platform worldwide.

Independent Bank

Market Cap: US$3.2b

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.

Avient

Market Cap: US$3.1b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

First Interstate BancSystem

Market Cap: US$3.1b

Operates as the bank holding company for First Interstate Bank that provides a range of banking products and services in the United States.

Greif

Market Cap: US$3.0b

Engages in the production and sale of industrial packaging products and services worldwide.

Inter & Co

Market Cap: US$3.0b

Through its subsidiaries, engages in the banking and spending, investments, insurance brokerage, and inter shop businesses in Brazil and the United States.

Concentrix

Market Cap: US$2.9b

Designs, builds, and runs integrated customer experience (CX) solutions worldwide.

WesBanco

Market Cap: US$2.9b

Operates as the bank holding company for WesBanco Bank, Inc.

Goodyear Tire & Rubber

Market Cap: US$2.8b

Develops, manufactures, distributes, and sells tires and related products and services worldwide.

Alvotech

Market Cap: US$2.8b

Through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide.

Community Financial System

Market Cap: US$2.8b

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

Warrior Met Coal

Market Cap: US$2.8b

Engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia.

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Simmons First National

Market Cap: US$2.8b

Operates as the bank holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses.

Brighthouse Financial

Market Cap: US$2.7b

Provides annuity and life insurance products in the United States.

FB Financial

Market Cap: US$2.6b

Operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services.

Atkore

Market Cap: US$2.6b

Engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally.

Enova International

Market Cap: US$2.6b

A technology and analytics company, provides online financial services in the United States, Brazil, and internationally.

TowneBank

Market Cap: US$2.6b

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

Organon

Market Cap: US$2.5b

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.

REV Group

Market Cap: US$2.4b

Designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in North America and internationally.

PagSeguro Digital

Market Cap: US$2.4b

Engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally.

Seacoast Banking Corporation of Florida

Market Cap: US$2.4b

Operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida.

Provident Financial Services

Market Cap: US$2.4b

Operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States.

Slide Insurance Holdings

Market Cap: US$2.3b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

NCR Atleos

Market Cap: US$2.3b

A financial technology company, provides self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

First Financial Bancorp

Market Cap: US$2.3b

Operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois.

Banc of California

Market Cap: US$2.3b

Operates as the bank holding company for Banc of California that provides various banking products and services.

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.

Hamilton Insurance Group

Market Cap: US$2.2b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.