U.S. Healthcare Undervalued over 20% based on DCF

Cardinal Health

Market Cap: US$37.2b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

GE HealthCare Technologies

Market Cap: US$31.9b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

DexCom

Market Cap: US$31.1b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Labcorp Holdings

Market Cap: US$21.7b

Provides laboratory services.

Quest Diagnostics

Market Cap: US$19.1b

Provides diagnostic testing and services in the United States and internationally.

Hologic

Market Cap: US$14.9b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Cooper Companies

Market Cap: US$14.1b

Develops, manufactures, and markets contact lens wearers.

Hims & Hers Health

Market Cap: US$14.0b

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

Solventum

Market Cap: US$12.4b

A healthcare company, develops, manufactures, and commercializes a portfolio of solutions to address critical customer and patient needs in the United States and internationally.

Baxter International

Market Cap: US$11.3b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Encompass Health

Market Cap: US$10.9b

Provides post-acute healthcare services in the United States and Puerto Rico.

HealthEquity

Market Cap: US$7.9b

Provides technology-enabled services platforms to consumers and employers in the United States.

Waystar Holding

Market Cap: US$6.2b

Develops a cloud-based software solution for healthcare payments.

Chemed

Market Cap: US$6.1b

Provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States.

Integer Holdings

Market Cap: US$3.7b

Operates as a medical device contract development and manufacturing company in the United States, Puerto Rico, Costa Rica, and internationally.

Inspire Medical Systems

Market Cap: US$3.7b

A medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally.

Haemonetics

Market Cap: US$3.6b

A medical technology company, provides a suite of hospital technologies solutions in the United States and internationally.

Envista Holdings

Market Cap: US$3.5b

Develops, manufactures, markets, and sells dental products in the United States, China, and internationally.

GeneDx Holdings

Market Cap: US$2.9b

A genomics company, provides genetic testing services.

UFP Technologies

Market Cap: US$1.7b

Designs and manufactures solutions for medical devices, sterile packaging, and other engineered custom products in the United States.

Tivity Health

Market Cap: US$1.6b

Tivity Health, Inc. provides fitness and health products and solutions in the United States.

CONMED

Market Cap: US$1.6b

A medical technology company, develops, manufactures, and sells devices and equipment for surgical procedures in the United States and internationally.

Omnicell

Market Cap: US$1.4b

Provides medication management solutions and adherence tools for healthcare systems and pharmacies the United States and internationally.

Tandem Diabetes Care

Market Cap: US$1.0b

Designs, develops, and commercializes technology solutions for people living with diabetes in the United States and internationally.

STAAR Surgical

Market Cap: US$879.3m

Designs, develops, manufactures, and sells implantable lenses for the eye and accessory delivery systems to deliver the lenses into the eye.

HealthStream

Market Cap: US$783.0m

Provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States.

TruBridge

Market Cap: US$298.3m

Provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally.

Varex Imaging

Market Cap: US$298.1m

Designs, manufactures, and sells X-ray imaging components.

National Research

Market Cap: US$290.6m

Provides analytics and insights that facilitate measurement and improvement of the patient and employee experience.

Electromed

Market Cap: US$152.0m

Develops, manufactures, markets, and sells airway clearance therapy and related products that apply high frequency chest wall oscillation (HFCWO) therapy in pulmonary care for patients of various ages in the United States and internationally.

Medinotec

Market Cap: US$58.7m

Engages in the research and development, production, and sale of medical devices for the treatment of vascular and airway diseases in South Africa, the United States, and internationally.

BioScience Health Innovations

Market Cap: US$43.9m

Distributes clinically tested and affordably priced products to battle the onslaught of bacteria and viruses in the United States.

Kun Peng International

Market Cap: US$30.8m

Engages in the distribution of health care and health-related household products through its online platforms in the People’s Republic of China.

CS Diagnostics

Market Cap: US$11.0m

Engages in designing, manufacturing, and selling of wellness and medical products in Germany and internationally.

Regional Health Properties

Market Cap: US$5.5m

Operates as a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living.

Vycor Medical

Market Cap: US$4.3m

Designs, develops, and markets neurological medical devices and therapies in the United States and Europe.