U.S. Undervalued based on future growth

Strategic Education

Market Cap: US$1.8b

Provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills.

Grupo Aeroméxico. de

Market Cap: US$1.8b

Through its subsidiaries, provide public air carrier services for passengers and goods.

Columbia Financial

Market Cap: US$1.8b

Operates as a bank holding company for Columbia Bank that provides banking and other financial services to businesses and consumers in the United States.

Patria Investments

Market Cap: US$1.8b

Operates as a private market investment firm.

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 commercial banking solutions in Pennsylvania, New York, Ohio, and Indiana in the United States.

Stewart Information Services

Market Cap: US$1.7b

Through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally.

Kemper

Market Cap: US$1.7b

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

National Bank Holdings

Market Cap: US$1.7b

Operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States.

Burford Capital

Market Cap: US$1.7b

Provides legal finance products and services worldwide.

Fidelis Insurance Holdings

Market Cap: US$1.6b

Provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

LendingClub

Market Cap: US$1.6b

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

Organon

Market Cap: US$1.6b

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

Pitney Bowes

Market Cap: US$1.5b

Provides digital shipping solutions, mailing innovation, and financial services worldwide.

Herbalife

Market Cap: US$1.5b

Provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific.

Himax Technologies

Market Cap: US$1.5b

A fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, Korea, Japan, the United States, and internationally.

ASGN

Market Cap: US$1.5b

Provides information technology solutions for commercial and government sectors in the United States, Canada, and Europe.

Live Oak Bancshares

Market Cap: US$1.5b

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

Upwork

Market Cap: US$1.5b

Provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally.

Sylvamo

Market Cap: US$1.5b

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

Borr Drilling

Market Cap: US$1.4b

Operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.

AGI

Market Cap: US$1.4b

Provides technology-based specialized financial services in Brazil.

Ellington Financial

Market Cap: US$1.4b

Through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States.

Dime Community Bancshares

Market Cap: US$1.4b

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

Kohl's

Market Cap: US$1.4b

Operates as an omnichannel retailer in the United States.

Hope Bancorp

Market Cap: US$1.4b

Operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States.

Nomad Foods

Market Cap: US$1.4b

Manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally.

Sally Beauty Holdings

Market Cap: US$1.4b

Operates as a specialty retailer and distributor of professional beauty supplies.

Orchid Island Capital

Market Cap: US$1.3b

A specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States.

CBIZ

Market Cap: US$1.3b

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

Simply Good Foods

Market Cap: US$1.3b

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.

ConnectOne Bancorp

Market Cap: US$1.3b

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.

Capital Southwest

Market Cap: US$1.3b

A business development company.

Bristow Group

Market Cap: US$1.3b

Provides vertical flight solutions to offshore energy companies and government agencies in the United Kingdom, Norway, the United States, Nigeria, and internationally.

Opera

Market Cap: US$1.3b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Origin Bancorp

Market Cap: US$1.2b

Operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi.

Power Solutions International

Market Cap: US$1.2b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, the rest of North America, the Pacific Rim, Europe, and internationally.