U.S. Undervalued over 20% based on DCF

Baker Hughes

Market Cap: US$42.3b

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

Kenvue

Market Cap: US$41.8b

Operates as a consumer health company in the United States, Europe, the Middle East, Africa, Asia-Pacific, and Latin America.

Reddit

Market Cap: US$39.6b

Operates a digital community in the United States and internationally.

Sysco

Market Cap: US$38.4b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Cardinal Health

Market Cap: US$36.6b

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

Fidelity National Information Services

Market Cap: US$36.6b

Fidelity National Information Services, Inc.

Las Vegas Sands

Market Cap: US$36.4b

Owns, develops, and operates integrated resorts in Macao and Singapore.

Targa Resources

Market Cap: US$35.9b

Together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

VICI Properties

Market Cap: US$35.2b

An S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

Otis Worldwide

Market Cap: US$34.3b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Cognizant Technology Solutions

Market Cap: US$33.8b

A professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.

Venture Global

Market Cap: US$33.1b

Engages in the development, construction, and production of natural gas liquefaction and export projects near the U.S.

GE HealthCare Technologies

Market Cap: US$32.5b

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.

Westinghouse Air Brake Technologies

Market Cap: US$32.1b

Provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide.

Seagate Technology Holdings

Market Cap: US$32.0b

Engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally.

Ventas

Market Cap: US$31.4b

Ventas, Inc. (NYSE: VTR) is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population.

Extra Space Storage

Market Cap: US$30.6b

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500.

IQVIA Holdings

Market Cap: US$30.4b

Provides clinical research services, commercial insights, and healthcare intelligence to the life sciences and healthcare industries in the Americas, Europe, Africa, and the Asia-Pacific.

DexCom

Market Cap: US$30.0b

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

Equifax

Market Cap: US$29.9b

Operates as a data, analytics, and technology company.

DuPont de Nemours

Market Cap: US$29.7b

Provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

M&T Bank

Market Cap: US$28.7b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Ubiquiti

Market Cap: US$27.9b

Develops networking technology for service providers, enterprises, and consumers.

Fifth Third Bancorp

Market Cap: US$27.2b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Iron Mountain

Market Cap: US$27.1b

Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds.

Warner Bros. Discovery

Market Cap: US$27.0b

Operates as a media and entertainment company worldwide.

AvalonBay Communities

Market Cap: US$27.0b

A member of the S&P 500, is an equity REIT that develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.

PPL

Market Cap: US$26.9b

Provides electricity and natural gas to approximately 3.5 million customers in the United States.

Hewlett Packard Enterprise

Market Cap: US$26.8b

Provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

DiDi Global

Market Cap: US$26.7b

Operates a mobility technology platform that provides various mobility and other services in the People's Republic of China, Brazil, Mexico, and internationally.

Pinterest

Market Cap: US$26.6b

Operates as a visual search and discovery platform in the United States, Canada, Europe, and internationally.

W. R. Berkley

Market Cap: US$26.6b

An insurance holding company, operates as a commercial line writer worldwide.

Western Digital

Market Cap: US$26.2b

Develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the Americas, Asia, Europe, the Middle East, and Africa.

Synchrony Financial

Market Cap: US$25.5b

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

International Paper

Market Cap: US$25.4b

Produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa.

Equity Residential

Market Cap: US$25.1b

Equity Residential is committed to creating communities where people thrive.