U.S. Undervalued over 20% based on DCF

Arthur J. Gallagher

Market Cap: US$56.1b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Cheniere Energy

Market Cap: US$55.8b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Targa Resources

Market Cap: US$52.6b

Owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

Public Storage

Market Cap: US$51.6b

A member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

Zoetis

Market Cap: US$50.5b

Engages in the discovery, development, manufacture, and commercialization of medicines, vaccines, diagnostic products and services, biodevices, genetic tests, and precision animal health solutions for the animal health industry in the United States and internationally.

MetLife

Market Cap: US$48.7b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Autodesk

Market Cap: US$47.5b

Engages in the provision of 3D design, engineering, and entertainment technology solutions worldwide.

Snowflake

Market Cap: US$45.7b

Provides a cloud-based data platform for various organizations in the United States and internationally.

Fifth Third Bancorp

Market Cap: US$45.5b

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

Becton Dickinson

Market Cap: US$44.3b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Kroger

Market Cap: US$43.1b

Operates as a food and drug retailer in the United States.

eBay

Market Cap: US$42.8b

Operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.

Hershey

Market Cap: US$42.7b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Alnylam Pharmaceuticals

Market Cap: US$42.6b

Alnylam Pharmaceuticals, Inc. discovers, develops, manufactures, and commercializes therapeutics based on ribonucleic acid interference in the United States, Europe, and internationally.

Nucor

Market Cap: US$41.9b

Engages in the manufacture and sale of steel and steel products.

Waste Connections

Market Cap: US$41.7b

Provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada.

Ameriprise Financial

Market Cap: US$41.1b

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

Ventas

Market Cap: US$40.7b

A leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population.

Roblox

Market Cap: US$39.1b

Operates an immersive platform for connection and communication in the United States and internationally.

Carnival Corporation &

Market Cap: US$38.6b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Datadog

Market Cap: US$38.6b

Operates an observability and security platform for cloud applications in the United States and internationally.

State Street

Market Cap: US$38.4b

Provides various financial products and services to institutional investors.

Crown Castle

Market Cap: US$37.8b

Owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Block

Market Cap: US$37.3b

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.

Teva Pharmaceutical Industries

Market Cap: US$36.0b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Coupang

Market Cap: US$35.9b

Owns and operates retail business through its mobile applications and internet websites in South Korea and internationally.

Keurig Dr Pepper

Market Cap: US$35.9b

Owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally.

Roper Technologies

Market Cap: US$35.8b

Designs and develops vertical software and technology enabled products in the United States, Canada, Europe, Asia, and internationally.

HEICO

Market Cap: US$35.0b

Provides aerospace, defense, and electronic related products and services in the United States and internationally.

AST SpaceMobile

Market Cap: US$35.0b

Designs and develops the constellation of BlueBird satellites in the United States.

Viking Holdings

Market Cap: US$34.9b

Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally.

EchoStar

Market Cap: US$34.7b

Provides pay-tv services in the United States, Mexico, Canada, South and Central America, Asia, Africa, Australia, Europe, India, and the Middle East.

Archer-Daniels-Midland

Market Cap: US$33.9b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Kenvue

Market Cap: US$33.5b

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

GE HealthCare Technologies

Market Cap: US$33.3b

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.

M&T Bank

Market Cap: US$33.1b

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.