U.S. Undervalued over 20% based on DCF

Altria Group

Market Cap: US$111.6b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

McKesson

Market Cap: US$106.7b

Provides healthcare services in the United States and internationally.

Constellation Energy

Market Cap: US$103.0b

Produces and sells energy products and services in the United States.

Equinix

Market Cap: US$101.7b

Equinix, Inc. shortens the path to boundless connectivity anywhere in the world.

ServiceNow

Market Cap: US$101.0b

Provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.

Spotify Technology

Market Cap: US$99.5b

Provides audio streaming subscription services worldwide.

Boston Scientific

Market Cap: US$93.0b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

MercadoLibre

Market Cap: US$90.0b

Operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

Williams Companies

Market Cap: US$89.3b

Operates as an energy infrastructure company primarily in the United States.

PNC Financial Services Group

Market Cap: US$89.0b

Operates as a diversified financial services company in the United States.

U.S. Bancorp

Market Cap: US$85.9b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

United Parcel Service

Market Cap: US$85.3b

A package delivery and logistics provider, offers transportation and delivery services.

Marsh & McLennan Companies

Market Cap: US$85.1b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

American Tower

Market Cap: US$82.1b

American Tower Corporation is one of the largest global real estate investment trusts.

Airbnb

Market Cap: US$78.8b

Operates a platform for stays, experiences, and services worldwide.

3M

Market Cap: US$77.9b

Provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally.

SLB

Market Cap: US$77.9b

Engages in the provision of technology for the energy industry worldwide.

Mondelez International

Market Cap: US$75.5b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe.

Carvana

Market Cap: US$74.8b

Operates an e-commerce platform for buying and selling used cars.

Simon Property Group

Market Cap: US$73.8b

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”).

Kinder Morgan

Market Cap: US$73.3b

Operates as an energy infrastructure company primarily in North America.

Valero Energy

Market Cap: US$71.6b

Manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally.

Aon

Market Cap: US$70.7b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

General Motors

Market Cap: US$69.4b

Designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

Colgate-Palmolive

Market Cap: US$68.6b

Manufactures and sells consumer products in the United States and internationally.

Marathon Petroleum

Market Cap: US$68.3b

Operates as an integrated downstream energy company in the United States.

L3Harris Technologies

Market Cap: US$67.6b

Provides mission-critical solutions for government and commercial customers worldwide.

Digital Realty Trust

Market Cap: US$64.9b

Digital Realty Trust, Inc. (Digital Realty or the company) owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P.

Cencora

Market Cap: US$63.2b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Baker Hughes

Market Cap: US$62.6b

Provides a portfolio of technologies and services to energy and industrial value chain.

Apollo Global Management

Market Cap: US$61.9b

A private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.

Fortinet

Market Cap: US$61.8b

Provides cybersecurity and convergence of networking and security solutions worldwide.

Truist Financial

Market Cap: US$61.2b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Occidental Petroleum

Market Cap: US$59.3b

Engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

Realty Income

Market Cap: US$58.7b

An S&P 500 company, is real estate partner to the world's leading companies.

Aflac

Market Cap: US$58.2b

Through its subsidiaries, provides supplemental health and life insurance products.