▶ Auto Components1
+2780.6%
1 /
0 /
0
+200.0%
Undervalued
1
0
0
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Auto Components
(1)
1
+2780.6%
+200.0%
Undervalued
1
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CYD
— China Yuchai International Limited Common Stock
Foreign
$1.4B
$37.54
$1081.37
+2780.6%
Undervalued
Growing
▶ Financial Services378
+50.5%
254 /
108 /
16
+56.6%
Undervalued
254
108
16
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Insurance-Property & Casualty
(26+15 total)
26
+189.6%
+171.8%
Undervalued
26
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
UVE
— Universal Insurance Holdings Inc. Common Stock
$1.2B
$43.90
$319.72
+628.3%
Undervalued
Growing
HMN
— Horace Mann Educators Corporation Common Stock
$2.0B
$50.41
$310.21
+515.4%
Undervalued
Growing
SIGI
— Selective Insurance Group, Inc. - Common Stock
$5.4B
$90.88
$472.10
+419.5%
Undervalued
Growing
HCI
— HCI Group, Inc. Common Stock
$2.4B
$186.07
$912.10
+390.2%
Undervalued
Growing
MCY
— Mercury General Corporation Common Stock
$5.7B
$102.64
$439.57
+328.3%
Undervalued
Growing
CNA
— CNA Financial Corporation Common Stock
$12.9B
$47.77
$195.29
+308.8%
Undervalued
Growing
HRTG
— Heritage Insurance Holdings, Inc. Common Stock
$1.0B
$34.40
$136.15
+295.8%
Undervalued
Growing
THG
— Hanover Insurance Group Inc.
$7.9B
$226.07
$791.71
+250.2%
Undervalued
Growing
TRV
— Travelers Companies (the)
$76.3B
$365.74
$1203.30
+229.0%
Undervalued
Growing
PGR
— Progressive Corporation
$124.9B
$214.90
$700.15
+225.8%
Undervalued
Growing
WRB
— W R Berkley Corporation
$26.0B
$69.78
$216.95
+210.9%
Undervalued
Growing
AFG
— American Financial Group, Inc. Common Stock
$11.7B
$140.88
$426.08
+202.4%
Undervalued
Weakening
SAFT
— Safety Insurance Group, Inc. - Common Stock
$1.5B
$103.37
$309.45
+199.4%
Undervalued
Growing
CINF
— Cincinnati Financial
$26.2B
$169.14
$473.07
+179.7%
Undervalued
Growing
ORI
— Old Republic International Corporation Common Stock
$9.9B
$40.77
$113.13
+177.5%
Undervalued
Growing
KNSL
— Kinsale Capital Group, Inc. Common Stock
$8.5B
$367.30
$1011.49
+175.4%
Undervalued
Growing
PLMR
— Palomar Holdings, Inc. - Common Stock
$3.6B
$134.03
$365.20
+172.5%
Undervalued
Growing
AIZ
— Assurant
$13.9B
$281.01
$763.48
+171.7%
Undervalued
Growing
MKL
— Markel Group Inc. Common Stock
$22.3B
$1785.57
$4803.87
+169.0%
Undervalued
Growing
RLI
— RLI Corp. Common Stock DE
$5.6B
$61.14
$157.66
+157.9%
Undervalued
Growing
L
— Loews Corporation
$22.3B
$108.22
$266.83
+146.6%
Undervalued
Growing
WTM
— White Mountains Insurance Group, Ltd. Common Stock
$5.1B
$2052.81
$4987.48
+143.0%
Undervalued
Growing
CB
— Chubb Limited
$130.6B
$336.72
$742.79
+120.6%
Undervalued
Stable
DGICA
— Donegal Group, Inc. - Class A Common Stock
$704M
$19.01
$39.94
+110.1%
Undervalued
Growing
DGICB
— Donegal Group, Inc. - Class B Common Stock
$773M
$20.86
$39.94
+91.5%
Undervalued
Growing
STC
— Stewart Information Services Corporation Common Stock
$2.1B
$67.46
$102.89
+52.5%
Undervalued
Growing
Cannot calculate DCF
ACIC
— American Coastal Insurance Corporation - Common Stock
$451M
$9.31
N/A
N/A
N/A
Stable
ALL
— Allstate
$65.2B
$253.46
N/A
N/A
N/A
Growing
GBLI
— Global Indemnity Group, LLC - Class A Common Shares
LP
$434M
$29.70
N/A
N/A
N/A
Stable
HGTY
— Hagerty, Inc. Class A Common Stock
$1.4B
$13.38
N/A
N/A
N/A
Growing
HIPO
— Hippo Holdings Inc. Common Stock
$854M
$32.80
N/A
N/A
N/A
Growing
KINS
— Kingstone Companies, Inc. - Common Stock
$285M
$19.69
N/A
N/A
N/A
Growing
KMPR
— Kemper Corporation
$1.6B
$26.67
N/A
N/A
N/A
Growing
LMND
— Lemonade, Inc. Common Stock
$3.9B
$50.58
N/A
N/A
N/A
Growing
NODK
— NI Holdings, Inc. - Common Stock
$308M
$15.06
N/A
N/A
N/A
Weakening
PRA
— Proassurance Corporation Common Stock
$1.3B
—
N/A
N/A
N/A
Stable
PRCH
— Porch Group, Inc. - Common Stock
$1.8B
$16.73
N/A
N/A
N/A
Growing
ROOT
— Root, Inc. - Common Stock
$864M
$54.58
N/A
N/A
N/A
Growing
SKWD
— Skyward Specialty Insurance Group, Inc. - Common Stock
$2.3B
$56.58
N/A
N/A
N/A
Growing
TRUP
— Trupanion, Inc. - Common Stock
$1.1B
$26.08
N/A
N/A
N/A
Growing
UFCS
— United Fire Group, Inc. - Common Stock
$1.4B
$54.98
N/A
N/A
N/A
Growing
▶ Insurance-Reinsurance
(6)
6
+155.5%
+109.7%
Undervalued
5
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GLRE
— Greenlight Reinsurance, Ltd. - Class A Ordinary Shares
$501M
$15.11
$150.00
+892.7%
Undervalued
Weakening
RNR
— Renaissancere Holdings Ltd. Common Stock
$13.8B
$322.89
$2036.11
+530.6%
Undervalued
Growing
EG
— Everest Group
$14.6B
$370.04
$1132.72
+206.1%
Undervalued
Weakening
HG
— Hamilton Insurance Group, Ltd. Class B Common Shares
$3.5B
$34.84
$71.40
+104.9%
Undervalued
Growing
RGA
— Reinsurance Group of America, Incorporated Common Stock
$16.2B
$247.01
$307.37
+24.4%
Undervalued
Growing
SPNT
— Siriuspoint Ltd. Common Shares
$2.8B
$24.18
$7.03
-70.9%
Overvalued
Growing
▶ Insurance-Specialty
(11+4 total)
11
+116.5%
+102.0%
Undervalued
9
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
RDN
— Radian Group Inc. Common Stock
$4.8B
$36.05
$204.88
+468.3%
Undervalued
Weakening
AXS
— Axis Capital Holdings Limited Common Stock
$7.3B
$98.56
$327.38
+232.2%
Undervalued
Growing
ESNT
— Essent Group Ltd. Common Shares
$6.3B
$68.42
$217.96
+218.6%
Undervalued
Stable
NMIH
— NMI Holdings Inc. - Common Stock
$3.4B
$44.39
$128.51
+189.5%
Undervalued
Growing
MTG
— Mgic Investment Corporation Common Stock
$6.5B
$30.64
$85.62
+179.4%
Undervalued
Growing
FAF
— First American Corporation (New) Common Stock
$7.3B
$71.35
$154.47
+116.5%
Undervalued
Growing
RYAN
— Ryan Specialty Holdings, Inc. Class A Common Stock
$5.3B
$40.88
$80.58
+97.1%
Undervalued
Stable
ACT
— Enact Holdings, Inc. - Common Stock
$6.9B
$49.30
$92.60
+87.8%
Undervalued
Growing
ITIC
— Investors Title Company - Common Stock
$559M
$296.27
$318.18
+7.4%
Undervalued
Growing
AGO
— Assured Guaranty Ltd. Common Stock
$3.2B
$73.00
$29.03
-60.2%
Overvalued
Weakening
AMSF
— Amerisafe, Inc. - Common Stock
$466M
$24.90
$1.21
-95.1%
Overvalued
Weakening
Cannot calculate DCF
EIG
— Employers Holdings Inc. Common Stock
$896M
$49.12
N/A
N/A
N/A
Weakening
FNF
— Fidelity National Financial, Inc. Common Stock
$12.0B
$44.65
N/A
N/A
N/A
Growing
JRVR
— James River Group Holdings, Inc. - Common Stock
$186M
$4.03
N/A
N/A
N/A
Stable
OSG
— Octave Specialty Group, Inc. Common Stock
$223M
$4.95
N/A
N/A
N/A
Weakening
▶ Credit Services
(29+14 total)
29
+113.8%
+92.0%
Undervalued
21
7
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
XYF
— X Financial
ADR
$123M
$5.40
$224.80
+4063.0%
Undervalued
Growing
QFIN
— Qfin Holdings, Inc.
ADR
$1.1B
$8.84
$314.68
+3459.7%
Undervalued
Growing
YRD
— Yiren Digital Ltd.
ADR
$86M
$0.98
$29.04
+2863.3%
Undervalued
Weakening
RM
— Regional Management Corp. Common Stock
$305M
$33.08
$782.13
+2264.4%
Undervalued
Growing
FINV
— Finvolution Group
ADR
$442M
$3.40
$50.97
+1399.1%
Undervalued
Stable
LX
— Lexinfintech Holdings Ltd.
ADR
$113M
$0.85
$12.64
+1387.1%
Undervalued
Growing
ATLC
— Atlanticus Holdings Corporation - Common Stock
$1.4B
$93.67
$990.84
+957.8%
Undervalued
Growing
MFIN
— Medallion Financial Corp. - Common Stock
$288M
$12.07
$102.95
+752.9%
Undervalued
Weakening
ENVA
— Enova International, Inc. Common Stock
$5.6B
$226.74
$1507.35
+564.8%
Undervalued
Growing
BFH
— Bread Financial Holdings, Inc. Common Stock
$4.4B
$108.13
$708.86
+555.6%
Undervalued
Weakening
SYF
— Synchrony Financial
$26.4B
$78.56
$487.71
+520.8%
Undervalued
Growing
OMF
— Onemain Holdings, Inc. Common Stock
$7.3B
$63.31
$324.89
+413.2%
Undervalued
Growing
WRLD
— World Acceptance Corporation - Common Stock
$896M
$192.50
$771.27
+300.7%
Undervalued
Weakening
CACC
— Credit Acceptance Corporation - Common Stock
$6.2B
$594.20
$2240.71
+277.1%
Undervalued
Growing
PMTS
— CPI Card Group Inc. - Common Stock
$334M
$29.07
$62.14
+113.8%
Undervalued
Stable
NNI
— Nelnet, Inc. Common Stock
$4.5B
$124.91
$261.30
+109.2%
Undervalued
Growing
HTT
— High Templar Tech Ltd.
ADR
$410M
$2.64
$3.91
+48.1%
Undervalued
Growing
WU
— Western Union Company (the) Common Stock
$2.2B
$7.00
$9.60
+37.1%
Undervalued
Weakening
EZPW
— Ezcorp, Inc. - Class A Non-voting Common Stock
$2.0B
$33.14
$41.68
+25.8%
Undervalued
Growing
SEZL
— Sezzle Inc. - Common Stock
$4.0B
$118.39
$147.27
+24.4%
Undervalued
Growing
FCFS
— Firstcash Holdings, Inc. - Common Stock
$9.9B
$225.34
$239.17
+6.1%
Undervalued
Growing
AXP
— American Express
$222.5B
$326.05
$327.15
+0.0%
Fair
Growing
MA
— Mastercard
$504.5B
$570.95
$450.06
-21.2%
Overvalued
Growing
V
— Visa Inc.
$701.5B
$368.86
$264.31
-28.3%
Overvalued
Growing
PYPL
— Paypal
$46.9B
$53.20
$15.96
-70.0%
Overvalued
Growing
AGM.A
— Federal Agricultural Mortgage Corporation Common Stock
$1.7B
$155.01
$27.30
-82.4%
Overvalued
Stable
COF
— Capital One
$133.1B
$213.96
$31.27
-85.4%
Overvalued
Weakening
AGM
— Federal Agricultural Mortgage Corporation Common Stock
$2.5B
$226.09
$27.30
-87.9%
Overvalued
Stable
SLM
— SLM Corporation - Common Stock
$5.0B
$26.27
$-5.71
-121.7%
Overvalued
Growing
Cannot calculate DCF
AFRM
— Affirm Holdings, Inc. - Class A Common Stock
$24.1B
$72.08
N/A
N/A
N/A
Growing
ALLY
— Ally Financial Inc. Common Stock
$13.0B
$42.28
N/A
N/A
N/A
Weakening
ECPG
— Encore Capital Group Inc. - Common Stock
$2.1B
$98.82
N/A
N/A
N/A
Growing
FOA
— Finance of America Companies Inc. Class A Common Stock
$150M
$16.89
N/A
N/A
N/A
Growing
GDOT
— Green Dot Corporation Class A Common Stock, $0.001 Par Value
$752M
$13.26
N/A
N/A
N/A
Stable
JFIN
— Jiayin Group Inc.
ADR
$39M
$1.52
N/A
N/A
N/A
Growing
LU
— Lufax Holding Ltd.
ADR
$1.1B
$1.23
N/A
N/A
N/A
Weakening
NAVI
— Navient Corporation - Common Stock
$889M
$9.46
N/A
N/A
N/A
Stable
OPFI
— Oppfi Inc. Class A Common Stock
$632M
$7.40
N/A
N/A
N/A
Growing
OPRT
— Oportun Financial Corporation - Common Stock
$365M
$7.99
N/A
N/A
N/A
Growing
PRAA
— PRA Group, Inc. - Common Stock
$729M
$19.11
N/A
N/A
N/A
Stable
SOFI
— Sofi Technologies, Inc. - Common Stock
$23.1B
$18.01
N/A
N/A
N/A
Stable
UPST
— Upstart Holdings, Inc. - Common Stock
$2.6B
$27.00
N/A
N/A
N/A
Growing
VRM
— Vroom, Inc. - Common Stock
$52M
$9.89
N/A
N/A
N/A
Stable
▶ Insurance-Diversified
(8+3 total)
8
+100.0%
+89.5%
Undervalued
5
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ACGL
— Arch Capital Group
$33.4B
$95.71
$410.12
+328.5%
Undervalued
Stable
BNT
— Brookfield Wealth Solutions Ltd. Class A Exchangeable Limited Voting Shares
Foreign
$10.7B
$39.28
$163.36
+315.9%
Undervalued
Growing
HIG
— Hartford (the)
$37.2B
$135.74
$446.52
+229.0%
Undervalued
Growing
PLGO
— Pelagos Insurance Capital Limited Common Shares
Foreign
$2.1B
$24.83
$63.93
+157.5%
Undervalued
Weakening
SLF
— Sun Life Financial Inc. Common Stock
Foreign
$44.1B
$79.56
$113.36
+42.5%
Undervalued
Growing
BRK.A
— Berkshire Hathaway Inc. Common Stock
$681.0B
$477207.28
$415278.54
-13.0%
Overvalued
Weakening
AIG
— American International Group
$39.6B
$74.68
$55.41
-25.8%
Overvalued
Weakening
BRK.B
— Berkshire Hathaway
$1.08T
$505.82
$276.85
-45.3%
Overvalued
Weakening
Cannot calculate DCF
AEG
— Aegon Ltd. New York Registry Shares
ADR
$13.8B
$9.12
N/A
N/A
N/A
Growing
IGIC
— International General Insurance Holdings Ltd. - Ordinary Shares
Foreign
$1.1B
$26.18
N/A
N/A
N/A
Growing
WDH
— Waterdrop Inc.
ADR
$300M
$1.07
N/A
N/A
N/A
Growing
▶ Financial Conglomerates
(3+3 total)
3
+92.8%
+40.0%
Undervalued
2
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HTH
— Hilltop Holdings Inc.
$2.3B
$38.59
$87.04
+125.6%
Undervalued
Stable
IX
— Orix Corp.
ADR
$44.1B
$39.27
$75.73
+92.8%
Undervalued
Growing
FRHC
— Freedom Holding Corp. - Common Stock
$10.0B
$162.85
$2.60
-98.4%
Overvalued
Stable
Cannot calculate DCF
RILY
— BRC Group Holdings, Inc. - Common Stock
$261M
$7.04
N/A
N/A
N/A
Stable
TREE
— Lendingtree, Inc. - Common Stock
$389M
$27.87
N/A
N/A
N/A
Growing
VOYA
— Voya Financial, Inc. Common Stock
$9.3B
$102.85
N/A
N/A
N/A
Growing
▶ Banks-Regional
(193+24 total)
193
+50.2%
+48.7%
Undervalued
136
43
14
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
DB
— Deutsche Bank AG Common Stock
ADR
$78.6B
$41.06
$1105.12
+2591.5%
Undervalued
Growing
INTR
— Inter & Co. Inc. - Class A Common Shares
Foreign
$2.5B
$5.62
$78.57
+1298.0%
Undervalued
Growing
AUB
— Atlantic Union Bankshares Corporation Common Stock
$5.8B
$40.21
$367.94
+815.0%
Undervalued
Stable
CIB
— Grupo Cibest S.A.
ADR
$10.8B
$98.65
$788.21
+699.0%
Undervalued
Growing
CCB
— Coastal Financial Corporation - Common Stock
$756M
$49.56
$391.44
+689.8%
Undervalued
Growing
AVAL
— Grupo Aval Acciones Y Valores S.A.
ADR
$6.4B
$5.41
$42.60
+687.4%
Undervalued
Growing
CASH
— Pathward Financial, Inc. - Common Stock
$1.7B
$81.06
$492.10
+507.1%
Undervalued
Growing
HAFC
— Hanmi Financial Corporation - Common Stock
$943M
$31.69
$161.96
+411.1%
Undervalued
Stable
QCRH
— QCR Holdings, Inc. - Common Stock
$1.7B
$102.65
$507.61
+394.5%
Undervalued
Growing
BBAR
— Banco Bbva Argentina S.A. ADS
ADR
$3.0B
$14.88
$60.10
+303.9%
Undervalued
Stable
CUBI
— Customers Bancorp, Inc. Common Stock
$2.7B
$79.18
$314.96
+297.8%
Undervalued
Stable
SHG
— Shinhan Financial Group Co. Ltd.
ADR
$39.9B
$83.66
$308.75
+269.1%
Undervalued
Stable
SFBS
— Servisfirst Bancshares, Inc. Common Stock
$2.3B
$42.71
$151.22
+254.1%
Undervalued
Growing
BLX
— Banco Latinoamericano de Comercio Exterior, S.A.
Foreign
$2.1B
$56.23
$194.94
+246.7%
Undervalued
Stable
PFS
— Provident Financial Services, Inc. Common Stock
$3.1B
$23.43
$78.23
+233.9%
Undervalued
Growing
NECB
— Northeast Community Bancorp, Inc. - Common Stock
$361M
$27.11
$90.42
+233.5%
Undervalued
Stable
ITUB
— Itau Unibanco Holding S.A.
ADR
$44.8B
$8.29
$23.04
+177.9%
Undervalued
Stable
NWG
— Natwest Group Plc.
ADR
$74.1B
$18.67
$50.40
+170.0%
Undervalued
Stable
GGAL
— Grupo Financiero Galicia S.A.
ADR
$7.1B
$44.10
$118.21
+168.0%
Undervalued
Weakening
WAL
— Western Alliance Bancorporation Common Stock DE
$8.7B
$79.99
$208.45
+160.6%
Undervalued
Stable
OFG
— OFG Bancorp Common Stock
$2.2B
$52.62
$136.26
+159.0%
Undervalued
Growing
FRME
— First Merchants Corporation - Common Stock
$2.6B
$41.19
$106.52
+158.6%
Undervalued
Stable
HDB
— Hdfc Bank Limited Common Stock
ADR
$115.4B
$22.47
$58.00
+158.1%
Undervalued
Stable
IBOC
— International Bancshares Corporation - Common Stock
$4.4B
$71.41
$180.00
+152.1%
Undervalued
Stable
SRCE
— 1st Source Corporation - Common Stock
$2.1B
$86.48
$209.47
+142.2%
Undervalued
Growing
FBIZ
— First Business Financial Services, Inc. - Common Stock
$600M
$71.72
$172.93
+141.1%
Undervalued
Growing
DCOM
— Dime Commercial Bancshares, Inc. Common Stock
$1.8B
$40.69
$97.88
+140.6%
Undervalued
Growing
BANR
— Banner Corporation - Common Stock
$2.4B
$69.91
$166.57
+138.3%
Undervalued
Stable
FBP
— First Bancorp. New Common Stock
$4.3B
$28.09
$66.94
+138.3%
Undervalued
Growing
BCML
— Baycom Corp. - Common Stock
$328M
$30.09
$69.05
+129.5%
Undervalued
Weakening
ZION
— Zions Bancorporation N.a. - Common Stock
$10.1B
$68.36
$153.17
+124.1%
Undervalued
Growing
AMAL
— Amalgamated Financial Corp. - Common Stock
$1.4B
$48.22
$106.50
+120.9%
Undervalued
Growing
SMBC
— Southern Missouri Bancorp, Inc. - Common Stock
$812M
$73.74
$161.77
+119.4%
Undervalued
Stable
FFBC
— First Financial Bancorp. - Common Stock
$3.4B
$32.62
$71.52
+119.3%
Undervalued
Stable
FHB
— First Hawaiian, Inc. - Common Stock
$3.1B
$25.80
$56.55
+119.2%
Undervalued
Growing
EBC
— Eastern Bankshares, Inc. - Common Stock
$4.7B
$21.75
$47.60
+118.9%
Undervalued
Growing
IBCP
— Independent Bank Corporation - Common Stock
$762M
$36.98
$80.59
+117.9%
Undervalued
Growing
CCBG
— Capital City Bank Group - Common Stock
$874M
$51.13
$110.75
+116.6%
Undervalued
Growing
UMBF
— UMB Financial Corporation - Common Stock
$10.8B
$142.65
$304.67
+113.6%
Undervalued
Growing
BFST
— Business First Bancshares, Inc. - Common Stock
$1.0B
$31.39
$66.64
+112.3%
Undervalued
Stable
OSBC
— Old Second Bancorp, Inc. - Common Stock
$1.3B
$25.53
$54.19
+112.3%
Undervalued
Stable
THFF
— First Financial Corporation - Common Stock
$924M
$77.69
$162.42
+109.1%
Undervalued
Stable
CZFS
— Citizens Financial Services, Inc. - Common Stock
$400M
$83.20
$173.57
+108.6%
Undervalued
Growing
HWC
— Hancock Whitney Corporation - Common Stock
$6.0B
$74.52
$152.53
+104.7%
Undervalued
Growing
RBCAA
— Republic Bancorp, Inc. - Class A Common Stock
$1.9B
$96.56
$196.34
+103.3%
Undervalued
Growing
ORRF
— Orrstown Financial Services, Inc. - Common Stock
$830M
$42.23
$84.92
+101.1%
Undervalued
Growing
EWBC
— East West Bancorp, Inc. - Common Stock
$17.7B
$129.24
$259.42
+100.7%
Undervalued
Growing
UCB
— United Community Banks, Inc. Common Stock
$4.2B
$35.30
$70.49
+99.7%
Undervalued
Growing
FMBH
— First Mid Bancshares, Inc. - Common Stock
$1.4B
$50.90
$100.16
+96.8%
Undervalued
Growing
GABC
— German American Bancorp, Inc. - Common Stock
$1.9B
$49.53
$97.03
+95.9%
Undervalued
Stable
WAFD
— Wafd, Inc. - Common Stock
$2.5B
$34.29
$66.64
+94.3%
Undervalued
Weakening
HBCP
— Home Bancorp, Inc. - Common Stock
$546M
$69.64
$133.81
+92.1%
Undervalued
Growing
OBT
— Orange County Bancorp, Inc. - Common Stock
$512M
$38.18
$72.96
+91.1%
Undervalued
Growing
BBT
— Beacon Financial Corporation Common Stock
$2.6B
$31.45
$59.91
+90.5%
Undervalued
Growing
WBS
— Webster Financial Corporation Common Stock
$12.6B
$77.59
$147.32
+89.9%
Undervalued
Growing
FCF
— First Commonwealth Financial Corporation Common Stock
$2.1B
$21.11
$39.90
+89.0%
Undervalued
Stable
GSBC
— Great Southern Bancorp, Inc. - Common Stock
$879M
$79.48
$149.88
+88.6%
Undervalued
Stable
PEBO
— Peoples Bancorp Inc. - Common Stock
$1.4B
$39.82
$73.74
+85.2%
Undervalued
Weakening
EFSC
— Enterprise Financial Services Corporation - Common Stock
$2.3B
$64.03
$117.43
+83.4%
Undervalued
Stable
FIBK
— First Interstate Bancsystem, Inc. - Common Stock
$3.6B
$37.24
$67.68
+81.7%
Undervalued
Stable
MPB
— Mid Penn Bancorp - Common Stock
$939M
$37.05
$67.05
+81.0%
Undervalued
Growing
SBSI
— Southside Bancshares, Inc. Common Stock
$957M
$32.16
$58.19
+80.9%
Undervalued
Stable
SHBI
— Shore Bancshares, Inc. - Common Stock
$776M
$23.19
$41.89
+80.6%
Undervalued
Growing
CPF
— Central Pacific Financial Corp. New
$984M
$37.69
$68.04
+80.5%
Undervalued
Growing
COLB
— Columbia Banking System, Inc. - Common Stock
$8.8B
$30.27
$54.38
+79.6%
Undervalued
Growing
USB
— U.s. Bancorp
$97.4B
$62.51
$112.16
+79.4%
Undervalued
Growing
NBTB
— NBT Bancorp Inc. - Common Stock
$2.7B
$51.44
$91.27
+77.4%
Undervalued
Growing
FITB
— Fifth Third Bancorp
$49.4B
$54.52
$96.56
+77.1%
Undervalued
Stable
WABC
— Westamerica Bancorporation - Common Stock
$1.3B
$58.34
$102.90
+76.4%
Undervalued
Weakening
TCBK
— Trico Bancshares - Common Stock
$1.7B
$53.95
$94.88
+75.9%
Undervalued
Stable
FBNC
— First Bancorp - Common Stock
$2.7B
$64.71
$113.76
+75.8%
Undervalued
Growing
CIVB
— Civista Bancshares, Inc. - Common Stock
$570M
$27.43
$47.96
+74.8%
Undervalued
Growing
UBSI
— United Bankshares, Inc. - Common Stock
$6.5B
$47.27
$82.64
+74.8%
Undervalued
Growing
UNTY
— Unity Bancorp, Inc. - Common Stock
$602M
$59.98
$104.49
+74.2%
Undervalued
Stable
BMA
— Banco Macro S.A. ADR (Representing Ten Class B Common Shares)
ADR
$5.0B
$78.26
$136.04
+73.8%
Undervalued
Stable
FSBC
— Five Star Bancorp - Common Stock
$996M
$46.59
$80.39
+72.5%
Undervalued
Stable
OCFC
— Oceanfirst Financial Corp. - Common Stock
$1.1B
$18.94
$32.67
+72.5%
Undervalued
Weakening
BAP
— Credicorp Ltd. Common Stock
Foreign
$30.0B
$377.55
$649.30
+72.0%
Undervalued
Growing
FMAO
— Farmers & Merchants Bancorp, Inc. - Common Stock
$483M
$35.06
$60.11
+71.4%
Undervalued
Growing
MCB
— Metropolitan Bank Holding Corp. Common Stock
$1.1B
$92.16
$157.38
+70.8%
Undervalued
Stable
HFWA
— Heritage Financial Corporation - Common Stock
$1.2B
$28.89
$49.19
+70.3%
Undervalued
Stable
MTB
— M&t Bank
$34.6B
$238.49
$401.54
+68.4%
Undervalued
Stable
LOB
— Live Oak Bancshares, Inc. Common Stock
$1.8B
$39.38
$65.47
+66.3%
Undervalued
Stable
LKFN
— Lakeland Financial Corporation - Common Stock
$1.5B
$60.06
$98.57
+64.1%
Undervalued
Stable
CTBI
— Community Trust Bancorp, Inc. - Common Stock
$1.4B
$77.17
$125.33
+62.4%
Undervalued
—
SMBK
— Smartfinancial, Inc. Common Stock
$877M
$51.27
$82.13
+60.2%
Undervalued
Growing
CATY
— Cathay General Bancorp - Common Stock
$4.1B
$61.87
$98.36
+59.0%
Undervalued
Weakening
ACNB
— Acnb Corporation - Common Stock
$667M
$65.33
$103.25
+58.0%
Undervalued
Growing
BHRB
— Burke & Herbert Financial Services Corp. - Common Stock
$1.4B
$71.94
$113.02
+57.1%
Undervalued
Growing
SYBT
— Stock Yards Bancorp, Inc. - Common Stock
$2.3B
$78.95
$123.49
+56.4%
Undervalued
Growing
CBU
— Community Financial System, Inc. Common Stock
$3.3B
$63.17
$98.07
+55.2%
Undervalued
Growing
ONB
— Old National Bancorp - Common Stock
$9.9B
$25.62
$39.04
+52.4%
Undervalued
Growing
PB
— Prosperity Bancshares, Inc. Common Stock
$7.2B
$71.79
$108.92
+51.7%
Undervalued
Stable
HBT
— HBT Financial, Inc. - Common Stock
$1.3B
$36.55
$55.34
+51.4%
Undervalued
Growing
WSBC
— Wesbanco, Inc. - Common Stock
$3.9B
$40.53
$61.21
+51.0%
Undervalued
Stable
TCBX
— Third Coast Bancshares, Inc. Common Stock
$756M
$45.55
$68.69
+50.8%
Undervalued
Growing
BANF
— Bancfirst Corporation - Common Stock
$3.7B
$111.17
$166.98
+50.2%
Undervalued
Stable
RNST
— Renasant Corporation Common Stock
$3.8B
$40.81
$60.98
+49.4%
Undervalued
Stable
CNOB
— Connectone Bancorp, Inc. - Common Stock
$1.6B
$31.86
$47.54
+49.2%
Undervalued
Stable
HOMB
— Home Bancshares, Inc. Common Stock
$6.0B
$29.80
$43.63
+46.4%
Undervalued
Stable
ASB
— Associated Banc-Corp. Common Stock
$5.8B
$30.52
$44.55
+46.0%
Undervalued
Growing
BHB
— Bar Harbor Bankshares, Inc. Common Stock
$669M
$39.95
$58.22
+45.7%
Undervalued
Stable
CWBC
— Community West Bancshares - Common Stock
$714M
$26.32
$38.04
+44.5%
Undervalued
Stable
INDB
— Independent Bank Corp. - Common Stock
$3.9B
$82.56
$118.80
+43.9%
Undervalued
Stable
BSRR
— Sierra Bancorp - Common Stock
$533M
$40.76
$58.22
+42.8%
Undervalued
Stable
TRMK
— Trustmark Corporation - Common Stock
$2.7B
$45.86
$65.42
+42.7%
Undervalued
—
BSBR
— Banco Santander (Brasil) S.A.
ADR
$22.3B
$5.96
$8.43
+41.4%
Undervalued
Growing
CZNC
— Citizens & Northern Corp. - Common Stock
$462M
$25.79
$35.87
+39.1%
Undervalued
Stable
OBK
— Origin Bancorp, Inc. Common Stock
$1.7B
$53.89
$74.71
+38.6%
Undervalued
Weakening
AX
— Axos Financial, Inc. Common Stock
$5.5B
$96.56
$133.07
+37.8%
Undervalued
Growing
FNB
— F.n.b. Corporation Common Stock
$6.5B
$18.33
$25.17
+37.3%
Undervalued
Growing
GBCI
— Glacier Bancorp, Inc. Common Stock
$6.0B
$46.23
$63.20
+36.7%
Undervalued
Stable
CCNE
— CNB Financial Corporation - Common Stock
$1.0B
$34.45
$46.85
+36.0%
Undervalued
Stable
BPOP
— Popular, Inc. - Common Stock
$10.8B
$167.56
$223.25
+33.2%
Undervalued
Growing
SBCF
— Seacoast Banking Corporation of Florida - Common Stock
$3.4B
$34.53
$45.77
+32.6%
Undervalued
Growing
AROW
— Arrow Financial Corporation - Common Stock
$646M
$39.10
$51.82
+32.5%
Undervalued
Growing
FMNB
— Farmers National Banc Corp. - Common Stock
$937M
$15.83
$20.86
+31.8%
Undervalued
Growing
PRK
— Park National Corporation Common Stock
$3.4B
$190.54
$251.03
+31.7%
Undervalued
Growing
ESQ
— Esquire Financial Holdings, Inc. - Common Stock
$1.0B
$118.40
$155.27
+31.1%
Undervalued
Stable
FFIN
— First Financial Bankshares, Inc. - Common Stock
$4.7B
$33.12
$42.73
+29.0%
Undervalued
Stable
PFIS
— Peoples Financial Services Corp. - Common Stock
$711M
$71.05
$88.69
+24.8%
Undervalued
Growing
RF
— Regions Financial Corporation
$25.7B
$30.09
$37.52
+24.7%
Undervalued
Stable
PDLB
— Ponce Financial Group, Inc. - Common Stock
$492M
$20.33
$25.30
+24.4%
Undervalued
Growing
CVBF
— CVB Financial Corporation - Common Stock
$3.9B
$22.32
$27.73
+24.2%
Undervalued
Stable
CBSH
— Commerce Bancshares, Inc. - Common Stock
$8.4B
$58.26
$71.45
+22.6%
Undervalued
Growing
WSFS
— Wsfs Financial Corporation - Common Stock
$4.1B
$79.26
$97.14
+22.6%
Undervalued
Stable
TBBK
— the Bancorp, Inc. - Common Stock
$2.7B
$64.39
$77.91
+21.0%
Undervalued
Growing
FHN
— First Horizon Corporation Common Stock
$11.7B
$24.68
$29.71
+20.4%
Undervalued
Stable
HTB
— Hometrust Bancshares, Inc. Common Stock
$797M
$47.42
$56.99
+20.2%
Undervalued
Growing
SFST
— Southern First Bancshares, Inc. - Common Stock
$594M
$62.84
$74.78
+19.0%
Undervalued
Growing
CBNK
— Capital Bancorp, Inc. - Common Stock
$593M
$36.41
$42.46
+16.6%
Undervalued
Growing
NWBI
— Northwest Bancshares, Inc. - Common Stock
$2.3B
$15.51
$17.78
+14.6%
Undervalued
Stable
FCBC
— First Community Bankshares, Inc. - Common Stock
$907M
$48.10
$53.87
+12.0%
Undervalued
Stable
HBAN
— Huntington Bancshares
$34.0B
$16.76
$18.68
+11.5%
Undervalued
Stable
NU
— Nu Holdings Ltd. Class A Ordinary Shares
Foreign
$74.5B
$15.33
$17.00
+10.9%
Undervalued
Growing
STBA
— S&t Bancorp, Inc. - Common Stock
$1.8B
$49.97
$53.73
+7.5%
Undervalued
Stable
BOH
— Bank of Hawaii Corporation Common Stock
$3.0B
$76.16
$78.14
+0.0%
Fair
Growing
BWFG
— Bankwell Financial Group, Inc. - Common Stock
$533M
$66.86
$68.08
+0.0%
Fair
Weakening
CHCO
— City Holding Company - Common Stock
$2.0B
$144.64
$144.90
+0.0%
Fair
Growing
COFS
— Choiceone Financial Services, Inc. - Common Stock
$506M
$33.81
$34.33
+0.0%
Fair
Stable
FCNCA
— First Citizens Bancshares, Inc. - Class A Common Stock
$24.9B
$2150.41
$2211.13
+0.0%
Fair
Weakening
FULT
— Fulton Financial Corporation - Common Stock
$4.5B
$23.63
$24.79
+0.0%
Fair
Growing
LC
— Lendingclub Corporation Common Stock
$2.2B
$19.20
$18.59
+0.0%
Fair
Growing
MBIN
— Merchants Bancorp - Common Stock
$2.4B
$52.92
$53.25
+0.0%
Fair
Stable
NIC
— Nicolet Bankshares Inc. Common Stock
$3.7B
$172.11
$166.42
+0.0%
Fair
Growing
RBB
— RBB Bancorp - Common Stock
$450M
$26.58
$27.43
+0.0%
Fair
Weakening
SPFI
— South Plains Financial, Inc. - Common Stock
$854M
$45.33
$44.19
+0.0%
Fair
Stable
TCBI
— Texas Capital Bancshares, Inc. - Common Stock
$4.3B
$97.69
$93.66
+0.0%
Fair
Stable
VBNK
— Versabank - Common Shares
Foreign
$710M
$22.05
$23.08
+0.0%
Fair
Weakening
VLY
— Valley National Bancorp - Common Stock
$7.7B
$13.93
$13.91
+0.0%
Fair
Growing
BUSE
— First Busey Corporation - Common Stock
$2.6B
$30.43
$28.05
-7.8%
Overvalued
Stable
ISTR
— Investar Holding Corporation - Common Stock
$424M
$30.76
$26.41
-14.1%
Overvalued
Stable
CFG
— Citizens Financial Group
$29.6B
$69.99
$57.33
-18.1%
Overvalued
Stable
PGC
— Peapack-gladstone Financial Corporation - Common Stock
$814M
$45.94
$37.19
-19.0%
Overvalued
Stable
FSBW
— FS Bancorp, Inc. - Common Stock
$321M
$43.23
$33.74
-22.0%
Overvalued
Weakening
BFC
— Bank First Corporation - Common Stock
$1.7B
$155.61
$107.63
-30.8%
Overvalued
Stable
AGBK
— AGI Inc. Class A Common Shares
Foreign
$1.1B
$6.78
$4.43
-34.7%
Overvalued
Growing
BCH
— Banco de Chile ADS
ADR
$21.4B
$42.39
$27.17
-35.9%
Overvalued
Stable
FBK
— FB Financial Corporation Common Stock
$2.8B
$56.11
$34.01
-39.4%
Overvalued
Stable
WTFC
— Wintrust Financial Corporation - Common Stock
$10.3B
$152.34
$92.28
-39.4%
Overvalued
Growing
FSUN
— Firstsun Capital Bancorp - Common Stock
$1.9B
$40.68
$23.42
-42.4%
Overvalued
Stable
SSB
— Southstate Bank Corporation Common Stock
$10.4B
$106.51
$55.88
-47.5%
Overvalued
Stable
BBDO
— Bank Bradesco
ADR
$16.9B
$3.18
$1.58
-50.3%
Overvalued
Growing
EQBK
— Equity Bancshares, Inc. Class A Common Stock
$1.0B
$50.36
$24.84
-50.7%
Overvalued
Stable
TRST
— Trustco Bank Corp. NY - Common Stock
$1.0B
$57.42
$25.82
-55.0%
Overvalued
—
BBD
— Bank Bradesco
ADR
$18.7B
$3.54
$1.59
-55.1%
Overvalued
Growing
PNC
— PNC Financial Services
$97.5B
$242.91
$107.33
-55.8%
Overvalued
Growing
NBHC
— National Bank Holdings Corporation Common Stock
$1.9B
$41.78
$17.34
-58.5%
Overvalued
Weakening
NRIM
— Northrim Bancorp Inc. - Common Stock
$579M
$26.05
$9.69
-62.8%
Overvalued
Growing
MCBS
— Metrocity Bankshares, Inc. - Common Stock
$1.0B
$35.33
$12.39
-64.9%
Overvalued
Growing
BWB
— Bridgewater Bancshares, Inc. - Common Stock
$597M
$21.41
$7.22
-66.3%
Overvalued
Stable
CAC
— Camden National Corporation - Common Stock
$971M
$57.38
$18.50
-67.8%
Overvalued
Stable
MFG
— Mizuho Financial Group, Inc. Sponosred ADR (Japan)
ADR
$135.9B
$11.15
$3.57
-68.0%
Overvalued
Growing
ALRS
— Alerus Financial Corporation - Common Stock
$835M
$33.23
$10.29
-69.0%
Overvalued
Growing
MRBK
— Meridian Corporation - Common Stock
$234M
$19.69
$5.37
-72.7%
Overvalued
Growing
TFSL
— TFS Financial Corporation - Common Stock
$4.9B
$17.38
$4.60
-73.5%
Overvalued
Stable
MBWM
— Mercantile Bank Corporation - Common Stock
$1.1B
$60.87
$15.36
-74.8%
Overvalued
Stable
IFS
— Intercorp Financial Services Inc. Common Shares
Foreign
$6.1B
$54.77
$13.12
-76.0%
Overvalued
Growing
CARE
— Carter Bankshares, Inc. - Common Stock
$697M
$31.37
$6.45
-79.4%
Overvalued
Growing
TMP
— Tompkins Financial Corporation Common Stock
$1.4B
$98.07
$18.59
-81.0%
Overvalued
Growing
PCB
— PCB Bancorp - Common Stock
$395M
$27.77
$5.01
-82.0%
Overvalued
Stable
CFR
— Cullen/Frost Bankers, Inc. Common Stock
$10.3B
$163.61
$28.17
-82.8%
Overvalued
Stable
CFFI
— C&f Financial Corporation - Common Stock
$304M
$93.50
$15.84
-83.1%
Overvalued
Stable
CBAN
— Colony Bankcorp, Inc. Common Stock
$452M
$21.34
$2.40
-88.8%
Overvalued
Stable
ABCB
— Ameris Bancorp Common Stock
$5.7B
$84.99
$9.41
-88.9%
Overvalued
Stable
LYG
— Lloyds Banking Group Plc.
ADR
$86.9B
$6.00
$0.50
-91.7%
Overvalued
Stable
WSBF
— Waterstone Financial, Inc. - Common Stock
$383M
$21.22
$1.27
-94.0%
Overvalued
Growing
CBC
— Central Bancompany, Inc. - Class A Common Stock
$7.8B
$32.52
$1.64
-95.0%
Overvalued
Stable
BOKF
— BOK Financial Corporation - Common Stock
$8.3B
$135.92
$2.72
-98.0%
Overvalued
Growing
MVBF
— MVB Financial Corp. - Common Stock
$395M
$30.71
$0.36
-98.8%
Overvalued
Weakening
MYFW
— First Western Financial, Inc. - Common Stock
$301M
$30.97
$0.34
-98.9%
Overvalued
Growing
WF
— Woori Financial Group Inc.
ADR
$18.5B
$76.10
$0.15
-99.8%
Overvalued
Stable
KB
— KB Financial Group Inc.
ADR
$46.4B
$129.48
$0.01
-100.0%
Overvalued
Stable
Cannot calculate DCF
AMTB
— Amerant Bancorp Inc. Class A Common Stock
$1.1B
$29.21
N/A
N/A
N/A
Growing
BANC
— Banc of California, Inc. Common Stock
$2.9B
$18.63
N/A
N/A
N/A
Growing
BCAL
— California Bancorp - Common Stock
$690M
$21.75
N/A
N/A
N/A
Growing
BSAC
— Banco Santander - Chile ADS
ADR
$16.7B
$35.55
N/A
N/A
N/A
Growing
BY
— Byline Bancorp, Inc. Common Stock
$1.7B
$38.31
N/A
N/A
N/A
Growing
CFFN
— Capitol Federal Financial, Inc. - Common Stock
$1.1B
$8.80
N/A
N/A
N/A
Growing
CLBK
— Columbia Financial, Inc. - Common Stock
$1.2B
$11.63
N/A
N/A
N/A
Growing
FINW
— Finwise Bancorp - Common Stock
$191M
$13.91
N/A
N/A
N/A
Stable
FISI
— Financial Institutions, Inc. - Common Stock
$810M
$41.16
N/A
N/A
N/A
Growing
FLG
— Flagstar Bank, N.a. Common Stock
$5.6B
$13.50
N/A
N/A
N/A
Weakening
FRST
— Primis Financial Corp. - Common Stock
$398M
$16.07
N/A
N/A
N/A
Growing
HOPE
— Hope Bancorp, Inc. - Common Stock
$1.8B
$13.98
N/A
N/A
N/A
Weakening
KEY
— Keycorp
$23.6B
$21.79
N/A
N/A
N/A
Stable
KRNY
— Kearny Financial - Common Stock
$629M
$10.00
N/A
N/A
N/A
Stable
MSBI
— Midland States Bancorp, Inc. - Common Stock
$689M
$33.22
N/A
N/A
N/A
Weakening
NBBK
— NB Bancorp, Inc. - Common Stock
$934M
$23.00
N/A
N/A
N/A
Growing
NEWT
— Newtekone, Inc. - Common Stock
$355M
$12.31
N/A
N/A
N/A
Stable
NFBK
— Northfield Bancorp, Inc. - Common Stock
$640M
$15.33
N/A
N/A
N/A
Stable
RRBI
— Red River Bancshares, Inc. - Common Stock
$679M
$103.05
N/A
N/A
N/A
Stable
SUPV
— Grupo Supervielle S.A.
ADR
$656M
$8.73
N/A
N/A
N/A
Stable
TFC
— Truist Financial
$61.8B
$50.56
N/A
N/A
N/A
Growing
TFIN
— Triumph Financial, Inc. Common Stock
$1.6B
$68.78
N/A
N/A
N/A
Stable
UVSP
— Univest Financial Corporation - Common Stock
$1.2B
$42.06
N/A
N/A
N/A
Growing
WASH
— Washington Trust Bancorp, Inc. - Common Stock
$759M
$39.80
N/A
N/A
N/A
—
▶ Capital Markets
(20+27 total)
20
+45.8%
+37.6%
Undervalued
13
7
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SNEX
— Stonex Group Inc. - Common Stock
$5.5B
$69.13
$1294.56
+1772.6%
Undervalued
Stable
XP
— XP Inc. - Class A Common Stock
Foreign
$10.3B
$19.98
$104.28
+421.9%
Undervalued
Stable
PIPR
— Piper Sandler Companies Common Stock
$5.2B
$77.34
$192.51
+148.9%
Undervalued
Growing
EVR
— Evercore Inc. Class A Common Stock
$11.4B
$295.63
$723.45
+144.7%
Undervalued
Growing
GOLD
— Gold.com, Inc. Common Stock
$1.4B
$47.51
$115.60
+143.3%
Undervalued
Stable
TIGR
— UP Fintech Holding Ltd.
ADR
$907M
$5.00
$11.35
+127.0%
Undervalued
Growing
SF
— Stifel Financial Corporation Common Stock
$12.4B
$80.83
$162.32
+100.8%
Undervalued
Growing
VIRT
— Virtu Financial, Inc. Class A Common Stock
$5.5B
$62.89
$123.54
+96.4%
Undervalued
Growing
HLI
— Houlihan Lokey, Inc. Class A Common Stock
$9.3B
$135.20
$233.66
+72.8%
Undervalued
Growing
MKTX
— Marketaxess Holdings, Inc. - Common Stock
$5.8B
$163.31
$249.01
+52.5%
Undervalued
Stable
BGC
— BGC Group, Inc. - Class A Common Stock
$5.7B
$11.98
$16.66
+39.1%
Undervalued
Stable
TW
— Tradeweb Markets Inc. - Class A Common Stock
$21.9B
$103.02
$125.25
+21.6%
Undervalued
Growing
JEF
— Jefferies Financial Group Inc. Common Stock
$11.3B
$55.71
$64.10
+15.1%
Undervalued
Growing
IBKR
— Interactive Brokers
$40.5B
$90.99
$52.26
-42.6%
Overvalued
Stable
SCHW
— Charles Schwab Corporation
$185.9B
$106.88
$51.96
-51.4%
Overvalued
Stable
FUTU
— Futu Holdings Ltd.
ADR
$11.2B
$117.45
$52.17
-55.6%
Overvalued
Stable
MS
— Morgan Stanley
$340.1B
$216.32
$40.22
-81.4%
Overvalued
Growing
OPY
— Oppenheimer Holdings, Inc. Class A Common Stock DE
$1.3B
$123.13
$19.73
-84.0%
Overvalued
Growing
LPLA
— LPL Financial Holdings Inc. - Common Stock
$28.0B
$350.40
$18.40
-94.7%
Overvalued
Weakening
NMR
— Nomura Holdings Inc.
ADR
$30.9B
$10.65
$-22.52
-311.5%
Overvalued
Growing
Cannot calculate DCF
ABTC
— American Bitcoin Corp. - Class A Common Stock
$8.9B
$8.41
N/A
N/A
N/A
Stable
ARBK
— Argo Blockchain Plc.
ADR
$45M
$3.06
N/A
N/A
N/A
Stable
BRBI
— Brbi BR Partners S.A.
ADR
$300M
$11.43
N/A
N/A
N/A
Growing
BTBT
— Bit Digital, Inc. - Ordinary Share
$590M
$1.69
N/A
N/A
N/A
Weakening
BTGO
— Bitgo Holdings, Inc. Class A Common Stock
$899M
$7.75
N/A
N/A
N/A
Weakening
CANG
— Cango Inc. Class A Ordinary Shares
ADR
$74M
$2.07
N/A
N/A
N/A
Weakening
CLSK
— Cleanspark, Inc. - Common Stock
$3.5B
$13.48
N/A
N/A
N/A
Growing
COHN
— Cohen & Company Inc.
$28M
$11.17
N/A
N/A
N/A
Growing
CSHR
— Coinshares Plc. - Ordinary Shares
Foreign
$376M
$5.73
N/A
N/A
N/A
Stable
DOMH
— Dominari Holdings Inc. - Common Stock
$46M
$2.02
N/A
N/A
N/A
Stable
FUFU
— Bitfufu Inc. - Class A Ordinary Shares
Foreign
$225M
$1.35
N/A
N/A
N/A
Stable
GLXY
— Galaxy Digital Inc. - Class A Common Stock
$5.2B
$27.07
N/A
N/A
N/A
Weakening
GS
— Goldman Sachs
$309.3B
$1036.50
N/A
N/A
N/A
Growing
HIVE
— Hive Digital Technologies Ltd. - Common Shares
$817M
$3.15
N/A
N/A
N/A
Weakening
HOOD
— Robinhood Markets
$106.0B
$117.66
N/A
N/A
N/A
Growing
IREN
— Iren Limited - Ordinary Shares
$16.8B
$46.93
N/A
N/A
N/A
Growing
LAZ
— Lazard, Inc. Common Stock
$4.3B
$44.04
N/A
N/A
N/A
Growing
LGHL
— Lion Group Holding Ltd.
ADR
$311080.0
$0.40
N/A
N/A
N/A
Weakening
MARA
— Mara Holdings, Inc. - Common Stock
$4.5B
$11.82
N/A
N/A
N/A
Weakening
MC
— Moelis & Company Class A Common Stock
$5.1B
$68.71
N/A
N/A
N/A
Growing
MRX
— Marex Group Plc. - Ordinary Shares
Foreign
$5.4B
$76.74
N/A
N/A
N/A
Stable
NCTY
— The9 Limited - American Depository Shares
ADR
$69M
$4.53
N/A
N/A
N/A
Weakening
PJT
— PJT Partners Inc. Class A Common Stock
$4.6B
$182.13
N/A
N/A
N/A
Growing
PWP
— Perella Weinberg Partners - Class A Common Stock
$1.2B
$16.59
N/A
N/A
N/A
Growing
RIOT
— Riot Platforms, Inc. - Common Stock
$8.4B
$22.26
N/A
N/A
N/A
Weakening
SOS
— SOS Limited Class A Ordinary Shares
ADR
$12M
$0.77
N/A
N/A
N/A
Weakening
WULF
— Terawulf Inc. - Common Stock
$8.9B
$17.86
N/A
N/A
N/A
Weakening
▶ Insurance-Life
(13+5 total)
13
+27.1%
+45.1%
Undervalued
7
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MET
— Metlife
$61.4B
$95.47
$619.99
+549.4%
Undervalued
Growing
JXN
— Jackson Financial Inc. Class A Common Stock
$9.5B
$136.68
$852.22
+523.5%
Undervalued
Weakening
MFC
— Manulife Financial Corporation Common Stock
Foreign
$72.4B
$43.38
$133.84
+208.5%
Undervalued
Stable
PRI
— Primerica, Inc. Common Stock
$9.1B
$290.33
$664.16
+128.8%
Undervalued
Growing
CNO
— CNO Financial Group, Inc. Common Stock
$5.2B
$55.18
$116.70
+111.5%
Undervalued
Stable
GNW
— Genworth Financial Inc. Common Stock
$4.0B
$10.43
$13.89
+33.2%
Undervalued
Growing
PRU
— Prudential Financial
$41.5B
$119.38
$151.68
+27.1%
Undervalued
Growing
GL
— Globe Life
$13.2B
$170.51
$148.47
-12.9%
Overvalued
Stable
UNM
— Unum Group Common Stock
$15.0B
$94.17
$51.74
-45.1%
Overvalued
Weakening
PUK
— Prudential Public Limited Company Common Stock
ADR
$35.1B
$27.42
$14.96
-45.4%
Overvalued
Growing
CIA
— Citizens, Inc. Class A Common Stock ($1.00 Par)
$193M
$3.82
$1.46
-61.8%
Overvalued
Weakening
SNFCA
— Security National Financial Corporation - Class A Common Stock
$228M
$8.76
$2.58
-70.5%
Overvalued
Growing
AFL
— Aflac
$58.6B
$115.16
$24.82
-78.4%
Overvalued
Weakening
Cannot calculate DCF
AAME
— Atlantic American Corporation - Common Stock
$27M
$1.31
N/A
N/A
N/A
Weakening
ABX
— Abacus Global Management, Inc. Class A Common Stock
$933M
$9.73
N/A
N/A
N/A
Stable
BHF
— Brighthouse Financial, Inc. - Common Stock
$3.0B
$52.24
N/A
N/A
N/A
Growing
FG
— F&g Annuities & Life, Inc. Common Stock
$3.2B
$24.20
N/A
N/A
N/A
Stable
LNC
— Lincoln National Corporation Common Stock
$8.3B
$43.29
N/A
N/A
N/A
Growing
▶ Insurance Brokers
(9+7 total)
9
+16.6%
+42.9%
Undervalued
6
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CRD.B
— Crawford & Company Common Stock
$556M
$11.40
$38.28
+235.8%
Undervalued
Weakening
CRD.A
— Crawford & Company Common Stock
$621M
$12.74
$38.28
+200.5%
Undervalued
Weakening
GSHD
— Goosehead Insurance, Inc. - Class A Common Stock
$1.5B
$62.31
$75.17
+20.6%
Undervalued
Growing
ERIE
— Erie Indemnity
$11.3B
$243.25
$290.16
+19.3%
Undervalued
Growing
MRSH
— Marsh McLennan
$87.0B
$180.53
$210.58
+16.6%
Undervalued
Stable
BRO
— Brown & Brown
$23.1B
$68.14
$77.22
+13.3%
Undervalued
Growing
AON
— Aon Plc.
$67.4B
$315.79
$293.54
-7.0%
Overvalued
Growing
CRVL
— Corvel Corp. - Common Stock
$3.4B
$67.67
$51.49
-23.9%
Overvalued
Growing
AJG
— Arthur J Gallagher & Co.
$64.6B
$251.45
$118.66
-52.8%
Overvalued
Growing
Cannot calculate DCF
AIFU
— Aifu Inc. - Class A Ordinary Share
ADR
$1.9B
$16.07
N/A
N/A
N/A
Weakening
BWIN
— the Baldwin Insurance Group, Inc. - Class A Common Stock
$2.9B
$29.70
N/A
N/A
N/A
Stable
EHTH
— Ehealth, Inc. - Common Stock
$32M
$1.00
N/A
N/A
N/A
Stable
HUIZ
— Huize Holding Ltd.
ADR
$15M
$1.50
N/A
N/A
N/A
Weakening
SLQT
— Selectquote, Inc. Common Stock
$95M
$0.54
N/A
N/A
N/A
Stable
WTW
— Willis Towers Watson
$30.7B
$325.31
N/A
N/A
N/A
Growing
XHG
— Xchange Tec.Inc.
ADR
$160M
$3.10
N/A
N/A
N/A
Stable
▶ Asset Management
(30+34 total)
30
+4.4%
+25.6%
Fair
15
15
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GCMG
— GCM Grosvenor Inc. - Class A Common Stock
$795M
$13.16
$63.31
+381.1%
Undervalued
Growing
AMP
— Ameriprise Financial
$50.0B
$556.67
$2148.50
+286.0%
Undervalued
Growing
NTRS
— Northern Trust
$34.2B
$184.90
$698.24
+277.6%
Undervalued
—
PAX
— Patria Investments Limited - Class A Common Shares
Foreign
$1.8B
$11.20
$37.58
+235.5%
Undervalued
Stable
ARES
— Ares Management
$31.2B
$138.48
$335.27
+142.1%
Undervalued
Stable
HLNE
— Hamilton Lane Incorporated - Class A Common Stock
$4.4B
$101.16
$230.14
+127.5%
Undervalued
Growing
PFLT
— Pennantpark Floating Rate Capital Ltd. Common Stock
BDC
$721M
$7.27
$15.83
+117.7%
Undervalued
Stable
APO
— Apollo Global Management
LP
$76.0B
$131.84
$279.23
+111.8%
Undervalued
Weakening
JHG
— Janus Henderson Group Plc. Ordinary Shares
$8.0B
$51.98
$109.20
+110.1%
Undervalued
Growing
RJF
— Raymond James Financial
$34.4B
$176.57
$272.76
+54.5%
Undervalued
Growing
FHI
— Federated Hermes, Inc. Common Stock
$4.7B
$61.46
$91.84
+49.4%
Undervalued
Growing
TROW
— T Rowe Price
$23.4B
$109.39
$163.38
+49.4%
Undervalued
Growing
VINP
— Vinci Compass Investments Ltd. - Class A Common Shares
Foreign
$633M
$9.68
$13.18
+36.2%
Undervalued
Growing
VCTR
— Victory Capital Holdings, Inc. - Common Stock
$7.1B
$113.39
$131.43
+15.9%
Undervalued
Stable
STT
— State Street Corporation
$52.7B
$191.89
$221.15
+15.2%
Undervalued
Growing
WT
— Wisdomtree, Inc. Common Stock
$3.7B
$24.43
$22.86
-6.4%
Overvalued
Growing
NOAH
— Noah Holdings Ltd.
ADR
$567M
$8.30
$7.57
-8.8%
Overvalued
Weakening
AMG
— Affiliated Managers Group, Inc. Common Stock
$9.5B
$360.22
$312.30
-13.3%
Overvalued
Growing
SEIC
— SEI Investments Company - Common Stock
$13.1B
$108.55
$90.76
-16.4%
Overvalued
Growing
APAM
— Artisan Partners Asset Management Inc. Class A Common Stock
$2.9B
$41.05
$28.50
-30.6%
Overvalued
Growing
SII
— Sprott Inc. Common Shares
Foreign
$3.3B
$128.49
$87.97
-31.5%
Overvalued
Stable
BX
— Blackstone Inc.
$163.7B
$133.99
$79.96
-40.3%
Overvalued
Growing
RPC
— Ridgepost Capital, Inc. Class A Common Stock
$906M
$8.28
$2.68
-67.6%
Overvalued
Growing
OWL
— Blue Owl Capital Inc. Class A Common Stock
$7.6B
$11.22
$1.80
-84.0%
Overvalued
Stable
VRTS
— Virtus Investment Partners, Inc. Common Stock
$1.1B
$157.38
$23.50
-85.1%
Overvalued
Growing
CNS
— Cohen & Steers Inc. Common Stock
$4.0B
$78.18
$11.29
-85.6%
Overvalued
Stable
BN
— Brookfield Corporation Class A Limited Voting Shares
Foreign
$87.7B
$39.28
$1.62
-95.9%
Overvalued
Growing
HTGC
— Hercules Capital, Inc. Common Stock
BDC
$3.3B
$17.73
$0.30
-98.3%
Overvalued
Growing
AAMI
— Acadian Asset Management Inc. Common Stock
$3.3B
$92.15
$1.36
-98.5%
Overvalued
Stable
KKR
— KKR & Co.
$95.0B
$105.78
$0.76
-99.3%
Overvalued
Stable
Cannot calculate DCF
AB
— Alliancebernstein Holding L.P. Units
LP
$3.4B
$36.72
N/A
N/A
N/A
Growing
ALTI
— Alti Global, Inc. - Class A Common Stock
$379M
$3.42
N/A
N/A
N/A
Stable
AMBR
— Amber International Holding Ltd.
ADR
$85M
$0.98
N/A
N/A
N/A
Stable
AMTD
— Amtd Idea Group
ADR
$71M
$0.75
N/A
N/A
N/A
Weakening
BAM
— Brookfield Asset Management Ltd.
ADR
$78.2B
$48.84
N/A
N/A
N/A
Growing
BBDC
— Barings BDC Inc. Common Stock
BDC
$929M
$8.87
N/A
N/A
N/A
Weakening
BCG
— Binah Capital Group, Inc. - Common Stock
$22M
$1.31
N/A
N/A
N/A
Growing
BCSF
— Bain Capital Specialty Finance, Inc. Common Stock
BDC
$754M
$11.63
N/A
N/A
N/A
Weakening
BEN
— Franklin Resources
$18.0B
$34.65
N/A
N/A
N/A
Weakening
CCAP
— Crescent Capital BDC Inc. - Common Stock
BDC
$379M
$10.29
N/A
N/A
N/A
Weakening
CG
— the Carlyle Group Inc. - Common Stock
LP
$16.5B
$45.95
N/A
N/A
N/A
Growing
CION
— Cion Investment Corporation Common Stock
BDC
$362M
$7.28
N/A
N/A
N/A
Weakening
CRBG
— Corebridge Financial Inc. Common Stock
$15.4B
$33.75
N/A
N/A
N/A
Weakening
CSWC
— Capital Southwest Corporation - Common Stock
BDC
$1.5B
$24.36
N/A
N/A
N/A
Stable
DBRG
— Digitalbridge Group, Inc.
$2.9B
$15.91
N/A
N/A
N/A
Stable
EQH
— Equitable Holdings, Inc. Common Stock
$14.7B
$52.05
N/A
N/A
N/A
Stable
FSK
— FS KKR Capital Corp. Common Stock
BDC
$3.4B
$12.18
N/A
N/A
N/A
Weakening
GSBD
— Goldman Sachs BDC Inc. Common Stock
BDC
$1.1B
$9.68
N/A
N/A
N/A
Weakening
IVZ
— Invesco
$14.3B
$32.36
N/A
N/A
N/A
Stable
KBDC
— Kayne Anderson BDC Inc. Common Stock
$878M
$13.23
N/A
N/A
N/A
Growing
KWY
— Kingsway Corporation Common Stock
$283M
$9.87
N/A
N/A
N/A
Stable
MAIN
— Main Street Capital Corporation Common Stock
BDC
$5.3B
$56.72
N/A
N/A
N/A
Stable
NMFC
— New Mountain Finance Corporation - Common Stock
BDC
$694M
$7.35
N/A
N/A
N/A
Weakening
OBDC
— Blue Owl Capital Corporation Common Stock
BDC
$5.5B
$11.18
N/A
N/A
N/A
Weakening
OTF
— Blue Owl Technology Finance Corp. Common Stock
$5.1B
$11.00
N/A
N/A
N/A
Weakening
PFG
— Principal Financial Group
$24.9B
$115.04
N/A
N/A
N/A
Growing
PNNT
— Pennantpark Investment Corporation Common Stock
BDC
$239M
$3.66
N/A
N/A
N/A
Growing
RWAY
— Runway Growth Finance Corp. - Common Stock
BDC
$279M
$6.56
N/A
N/A
N/A
Weakening
SAMG
— Silvercrest Asset Management Group Inc. - Common Stock
$77M
$10.04
N/A
N/A
N/A
Weakening
SCM
— Stellus Capital Investment Corporation Common Stock
BDC
$243M
$8.39
N/A
N/A
N/A
Growing
STEP
— Stepstone Group Inc. - Class A Common Stock
$4.1B
$50.68
N/A
N/A
N/A
Stable
TPG
— TPG Inc. - Class A Common Stock
$8.1B
$50.92
N/A
N/A
N/A
Growing
TRIN
— Trinity Capital Inc. - Common Stock
BDC
$1.6B
$18.08
N/A
N/A
N/A
Stable
TSLX
— Sixth Street Specialty Lending, Inc. Common Stock
BDC
$1.7B
$18.01
N/A
N/A
N/A
Weakening
▶ Financial Data & Stock Exchanges
(11+1 total)
11
-6.8%
+8.1%
Overvalued
4
6
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MKTW
— Marketwise, Inc. - Class A Common Stock
$48M
$18.23
$109.88
+502.7%
Undervalued
Stable
MORN
— Morningstar, Inc. - Common Stock
$7.6B
$200.31
$259.72
+29.7%
Undervalued
Growing
CBOE
— Cboe Global Markets
$30.8B
$294.01
$380.28
+29.3%
Undervalued
Growing
FDS
— Factset
$10.3B
$288.91
$362.27
+25.4%
Undervalued
Growing
CME
— CME Group
$100.0B
$278.23
$288.51
+0.0%
Fair
Growing
SPGI
— S&p Global
$127.1B
$429.45
$400.34
-6.8%
Overvalued
Growing
ICE
— Intercontinental Exchange
$89.2B
$157.78
$145.22
-8.0%
Overvalued
Growing
MSCI
— Msci Inc.
$40.1B
$551.31
$425.49
-22.8%
Overvalued
Growing
NDAQ
— Nasdaq, Inc.
$53.7B
$95.04
$69.14
-27.3%
Overvalued
Growing
MCO
— Moody's Corporation
$84.1B
$481.43
$322.49
-33.0%
Overvalued
Growing
COIN
— Coinbase
$47.1B
$178.94
$5.59
-96.9%
Overvalued
Growing
Cannot calculate DCF
TRU
— Transunion Common Stock
$15.0B
$77.62
N/A
N/A
N/A
Growing
▶ Banks-Diversified
(16+3 total)
16
-37.7%
-14.5%
Overvalued
4
12
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BCS
— Barclays Plc. Common Stock
ADR
$90.6B
$26.77
$113.47
+323.9%
Undervalued
Growing
RY
— Royal Bank of Canada Common Stock
Foreign
$290.5B
$209.04
$412.30
+97.2%
Undervalued
Growing
NTB
— Bank of N.t. Butterfield & Son Limited (the) Voting Ordinary Shares
Foreign
$2.4B
$61.16
$118.64
+94.0%
Undervalued
Stable
HSBC
— Hsbc Holdings, Plc. Common Stock
ADR
$364.8B
$106.28
$173.08
+62.9%
Undervalued
Weakening
BBVA
— Banco Bilbao Vizcaya Argentaria S.A. Common Stock
ADR
$162.9B
$29.27
$27.54
-5.9%
Overvalued
Growing
UBS
— UBS Group AG Registered Ordinary Shares
Foreign
$184.1B
$55.08
$51.20
-7.0%
Overvalued
Stable
CM
— Canadian Imperial Bank of Commerce Common Stock
Foreign
$106.9B
$116.86
$91.65
-21.6%
Overvalued
Growing
BNS
— Bank Nova Scotia Halifax Pfd 3 Ordinary Shares
Foreign
$113.9B
$92.86
$70.33
-24.3%
Overvalued
Stable
SAN
— Banco Santander, S.A. Sponsored ADR (Spain)
ADR
$214.0B
$14.86
$7.26
-51.1%
Overvalued
Growing
BAC
— Bank of America
$437.9B
$62.39
$30.28
-51.5%
Overvalued
Growing
WFC
— Wells Fargo
$266.4B
$87.97
$26.14
-70.3%
Overvalued
Growing
BMO
— Bank of Montreal Common Stock
Foreign
$122.6B
$175.11
$25.37
-85.5%
Overvalued
Growing
C
— Citigroup
$229.4B
$136.74
$18.21
-86.7%
Overvalued
Growing
BNY
— BNY Mellon
$111.8B
$162.84
$14.64
-91.0%
Overvalued
Growing
MUFG
— Mitsubishi UFJ Financial Group, Inc. Common Stock
ADR
$266.2B
$23.61
$1.78
-92.5%
Overvalued
Growing
JPM
— Jpmorgan Chase
$939.8B
$353.55
$4.07
-98.8%
Overvalued
Growing
Cannot calculate DCF
ING
— ING Group, N.V. Common Stock
ADR
$106.6B
$37.17
N/A
N/A
N/A
Growing
SMFG
— Sumitomo Mitsui Financial Group, Inc.
ADR
$166.6B
$26.80
N/A
N/A
N/A
Weakening
TD
— Toronto Dominion Bank (the) Common Stock
Foreign
$203.6B
$120.52
N/A
N/A
N/A
Growing
▶ Mortgage Finance
(3+6 total)
3
-74.4%
-35.2%
Overvalued
1
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
UWMC
— UWM Holdings Corporation Class A Common Stock
$475M
$1.40
$2.28
+62.9%
Undervalued
Stable
PFSI
— Pennymac Financial Services, Inc. Common Stock
$3.7B
$72.04
$18.43
-74.4%
Overvalued
Growing
VEL
— Velocity Financial, Inc. Common Stock
$712M
$18.13
$1.08
-94.0%
Overvalued
Growing
Cannot calculate DCF
BETR
— Better Home & Finance Holding Company - Class A Common Stock
$260M
$13.79
N/A
N/A
N/A
Stable
CNF
— Cnfinance Holdings Ltd.
ADR
$34M
$2.01
N/A
N/A
N/A
Weakening
LDI
— Loandepot, Inc. Class A Common Stock
$450M
$0.83
N/A
N/A
N/A
Stable
ONIT
— Onity Group Inc. Common Stock
$298M
$35.35
N/A
N/A
N/A
Growing
RKT
— Rocket Companies, Inc. Class A Common Stock
$39.1B
$13.82
N/A
N/A
N/A
Stable
WD
— Walker & Dunlop, Inc. Common Stock
$1.4B
$41.92
N/A
N/A
N/A
Stable
▶ Communication Services62
+23.2%
37 /
23 /
2
+54.1%
Undervalued
37
23
2
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Advertising Agencies
(6+16 total)
6
+155.5%
+135.2%
Undervalued
5
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
WIMI
— Wimi Hologram Cloud Inc. - Class B Ordinary Shares
ADR
$11M
$1.14
$23.77
+1985.1%
Undervalued
Stable
CRTO
— Criteo S.A.
ADR
$891M
$17.74
$159.45
+798.8%
Undervalued
Growing
TTD
— Trade Desk (the)
$6.6B
$14.04
$41.46
+195.3%
Undervalued
Growing
STGW
— Stagwell Inc. - Class A Common Stock
$2.1B
$8.66
$18.68
+115.7%
Undervalued
Growing
DV
— Doubleverify Holdings, Inc. Common Stock
$2.1B
$13.36
$28.31
+111.9%
Undervalued
Stable
APP
— Applovin
$104.8B
$312.10
$274.71
-12.0%
Overvalued
Growing
Cannot calculate DCF
ADV
— Advantage Solutions Inc. - Class A Common Stock
$404M
$30.88
N/A
N/A
N/A
Weakening
CCO
— Clear Channel Outdoor Holdings, Inc. Common Stock
$1.2B
$2.38
N/A
N/A
N/A
Stable
CDLX
— Cardlytics, Inc. - Common Stock
$215M
$3.74
N/A
N/A
N/A
Weakening
CHR
— Cheer Holding, Inc. - Class A Ordinary Share
Foreign
$3M
$1.78
N/A
N/A
N/A
Weakening
EEX
— Emerald Holding, Inc. Common Stock
$997M
$5.04
N/A
N/A
N/A
Stable
EVC
— Entravision Communications Corporation Common Stock
$765M
$8.31
N/A
N/A
N/A
Weakening
FLNT
— Fluent, Inc. - Common Stock
$90M
$3.03
N/A
N/A
N/A
Weakening
KRKR
— 36kr Holdings Inc.
ADR
$6M
$3.19
N/A
N/A
N/A
Growing
MGNI
— Magnite, Inc. - Common Stock
$3.4B
$23.69
N/A
N/A
N/A
Growing
NCMI
— National Cinemedia, Inc. - Common Stock
$229M
$2.44
N/A
N/A
N/A
Stable
NEXN
— Nexxen International Ltd. - Ordinary Shares
ADR
$523M
$9.38
N/A
N/A
N/A
Growing
OMC
— Omnicom Group
$23.1B
$81.14
N/A
N/A
N/A
Stable
QNST
— Quinstreet, Inc. - Common Stock
$1.0B
$18.06
N/A
N/A
N/A
Weakening
SWAG
— Stran & Company, Inc. - Common Stock
$32M
$1.73
N/A
N/A
N/A
Weakening
TSQ
— Townsquare Media, Inc. Class A Common Stock
$99M
$5.53
N/A
N/A
N/A
Weakening
WPP
— WPP Plc.
ADR
$5.4B
$25.03
N/A
N/A
N/A
Weakening
▶ Internet Content & Information
(23+29 total)
23
+121.6%
+73.7%
Undervalued
15
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SSTK
— Shutterstock, Inc. Common Stock
$189M
$5.15
$77.14
+1397.9%
Undervalued
Stable
MOMO
— Hello Group Inc.
ADR
$568M
$5.28
$37.47
+609.7%
Undervalued
Weakening
YELP
— Yelp Inc. Common Stock
$1.2B
$20.96
$143.23
+583.3%
Undervalued
Growing
UPWK
— Upwork Inc. - Common Stock
$1.0B
$8.33
$48.84
+486.3%
Undervalued
Growing
FVRR
— Fiverr International Ltd. Ordinary Shares, No Par Value
Foreign
$324M
$9.02
$50.36
+458.3%
Undervalued
Growing
NRDS
— Nerdwallet, Inc. - Class A Common Stock
$629M
$9.56
$48.36
+405.9%
Undervalued
Growing
TME
— Tencent Music Entertainment Group
ADR
$13.2B
$8.07
$22.12
+174.1%
Undervalued
Growing
EVER
— Everquote, Inc. - Class A Common Stock
$882M
$24.92
$65.28
+162.0%
Undervalued
Growing
CARS
— Cars.com Inc. Common Stock
$630M
$11.27
$29.33
+160.2%
Undervalued
Stable
BZ
— Kanzhun Limited - American Depository Shares
ADR
$7.0B
$16.61
$39.49
+137.7%
Undervalued
Growing
MAX
— Mediaalpha, Inc. Class A Common Stock
$637M
$11.78
$26.60
+125.8%
Undervalued
Growing
MTCH
— Match Group, Inc. - Common Stock
$9.6B
$41.16
$91.23
+121.6%
Undervalued
Stable
OPRA
— Opera Ltd.
ADR
$1.6B
$18.34
$32.67
+78.1%
Undervalued
Weakening
WB
— Weibo Corp.
ADR
$1.0B
$6.70
$10.93
+63.1%
Undervalued
Stable
ATHM
— Autohome Inc.
ADR
$2.6B
$21.80
$26.33
+20.8%
Undervalued
Weakening
PINS
— Pinterest, Inc. Class A Common Stock
$11.3B
$20.14
$17.28
-14.2%
Overvalued
Growing
BIDU
— Baidu, Inc.
ADR
$26.9B
$92.60
$72.39
-21.8%
Overvalued
Stable
META
— Meta Platforms
$1.56T
$613.36
$420.88
-31.4%
Overvalued
Growing
GOOG
— Alphabet Inc. (Class C
$4.06T
$335.38
$141.65
-57.8%
Overvalued
Growing
GOOGL
— Alphabet Inc. (Class A
$4.10T
$338.39
$141.65
-58.1%
Overvalued
Growing
JOYY
— Joyy Inc.
ADR
$2.5B
$74.29
$18.10
-75.6%
Overvalued
Stable
STUB
— Stubhub Holdings, Inc. Class A Common Stock
$2.3B
$6.10
$0.61
-90.0%
Overvalued
Growing
SEAT
— Vivid Seats Inc. - Class A Common Stock
$58M
$5.26
$-17.77
-437.8%
Overvalued
Weakening
Cannot calculate DCF
ANGI
— Angi Inc. - Class A Common Stock
$190M
$4.70
N/A
N/A
N/A
Stable
AREN
— the Arena Group Holdings, Inc. Common Stock
$52M
$1.10
N/A
N/A
N/A
Growing
BILI
— Bilibili Inc.
ADR
$6.7B
$16.20
N/A
N/A
N/A
Growing
BMBL
— Bumble Inc. - Common Stock
$381M
$2.92
N/A
N/A
N/A
Stable
BODI
— the Beachbody Company, Inc. - Class A Common Stock
$41M
$5.70
N/A
N/A
N/A
Stable
BZFD
— Buzzfeed, Inc. - Class A Common Stock
$83M
$1.08
N/A
N/A
N/A
Stable
CCG
— Cheche Group Inc. - Class A Ordinary Shares
Foreign
$1.2B
$14.15
N/A
N/A
N/A
Stable
DOYU
— Douyu International Holdings Ltd.
ADR
$135M
$4.46
N/A
N/A
N/A
Weakening
FENG
— Phoenix New Media Ltd.
ADR
$8M
$1.54
N/A
N/A
N/A
Growing
GENI
— Genius Sports Limited Ordinary Shares
Foreign
$2.0B
$7.32
N/A
N/A
N/A
Growing
GETY
— Getty Images Holdings, Inc. Class A Common Stock
$109M
$0.26
N/A
N/A
N/A
Stable
GRPN
— Groupon, Inc. - Common Stock
$721M
$18.97
N/A
N/A
N/A
Stable
NBIS
— Nebius Group N.V. - Class A Ordinary Shares
Foreign
$61.8B
$243.60
N/A
N/A
N/A
Stable
NXDR
— Nextdoor Holdings, Inc. Class A Common Stock
$847M
$2.22
N/A
N/A
N/A
Growing
PERI
— Perion Network Ltd. - Ordinary Shares
Foreign
$361M
$8.94
N/A
N/A
N/A
Weakening
PPLI
— People Incorporated - Common Stock
$2.9B
$38.38
N/A
N/A
N/A
Stable
RUM
— Rumble Inc. - Class A Common Stock
$1.8B
$8.39
N/A
N/A
N/A
Stable
SJ
— Scienjoy Holding Corporation - Class A Ordinary Shares
Foreign
$34M
$0.80
N/A
N/A
N/A
Weakening
SNAP
— Snap Inc. Class A Common Stock
$9.0B
$5.42
N/A
N/A
N/A
Growing
SOGP
— Sound Group Inc.
ADR
$52M
$12.45
N/A
N/A
N/A
Growing
SPOT
— Spotify Technology S.A. Ordinary Shares
Foreign
$108.7B
$528.54
N/A
N/A
N/A
Growing
TBLA
— Taboola.com Ltd. - Ordinary Shares
$1.2B
$3.81
N/A
N/A
N/A
Growing
TEAD
— Teads Holding Co. - Common Stock
$50M
$0.52
N/A
N/A
N/A
Stable
TRVG
— Trivago N.V.
ADR
$135M
$5.86
N/A
N/A
N/A
Stable
Z
— Zillow Group, Inc. - Class C Capital Stock
$7.4B
$32.35
N/A
N/A
N/A
Growing
ZD
— Ziff Davis, Inc. - Common Stock
$2.1B
$55.68
N/A
N/A
N/A
Growing
ZG
— Zillow Group, Inc. - Class A Common Stock
$7.6B
$33.02
N/A
N/A
N/A
Growing
ZH
— Zhihu Inc.
ADR
$246M
$2.83
N/A
N/A
N/A
Stable
ZIP
— Ziprecruiter, Inc. Class A Common Stock
$330M
$4.05
N/A
N/A
N/A
Weakening
▶ Telecom Services
(13+34 total)
13
+75.6%
+71.8%
Undervalued
10
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CHTR
— Charter Communications
$20.6B
$145.74
$1885.66
+1193.9%
Undervalued
Growing
CMCSA
— Comcast
$94.1B
$26.33
$156.60
+494.8%
Undervalued
Growing
VIV
— Telefonica Brasil S.A.
ADR
$18.8B
$11.79
$54.41
+361.5%
Undervalued
Growing
PHI
— Pldt Inc. Sponsored ADR
ADR
$3.9B
$18.01
$68.78
+281.9%
Undervalued
Growing
UCL
— Ucloudlink Group Inc.
ADR
$10M
$0.40
$0.77
+92.5%
Undervalued
Stable
VEON
— Veon Ltd.
ADR
$4.5B
$64.63
$122.36
+89.3%
Undervalued
Stable
TMUS
— T-mobile US
$196.6B
$181.70
$318.98
+75.6%
Undervalued
Growing
VZ
— Verizon
$210.5B
$50.41
$63.37
+25.7%
Undervalued
Growing
TLK
— PT Telekomunikasi Indonesia, Tbk
ADR
$14.9B
$15.08
$18.04
+19.6%
Undervalued
Weakening
IRDM
— Iridium Communications Inc. - Common Stock
$5.0B
$47.74
$51.37
+7.6%
Undervalued
Growing
GOGO
— Gogo Inc. - Common Stock
$371M
$2.74
$1.80
-34.3%
Overvalued
Stable
CHT
— Chunghwa Telecom Co., Ltd.
ADR
$34.3B
$44.23
$19.31
-56.3%
Overvalued
Growing
IDT
— IDT Corporation Class B Common Stock
$1.7B
$68.49
$9.26
-86.5%
Overvalued
Growing
Cannot calculate DCF
AD
— Array Digital Infrastructure, Inc. Common Shares
$3.3B
$38.46
N/A
N/A
N/A
Weakening
AMX
— America Movil SAB DE Cv/
ADR
$69.4B
$23.00
N/A
N/A
N/A
Stable
ATNI
— ATN International, Inc. - Common Stock
$464M
$30.16
N/A
N/A
N/A
Stable
BCE
— BCE Inc. Common Stock
Foreign
$22.1B
$23.66
N/A
N/A
N/A
Growing
CABO
— Cable One, Inc. Common Stock
$131M
$23.06
N/A
N/A
N/A
Weakening
CCOI
— Cogent Communications Holdings, Inc. - Common Stock
$483M
$9.65
N/A
N/A
N/A
Stable
GSAT
— Globalstar, Inc. - Common Stock
$10.6B
$82.22
N/A
N/A
N/A
Stable
IQST
— Iqstel Inc. - Common Stock
$5M
$0.92
N/A
N/A
N/A
Weakening
KORE
— Kore Group Holdings, Inc. Common Stock
$163M
$9.26
N/A
N/A
N/A
Growing
KT
— KT Corporation Common Stock
ADR
$9.5B
$19.80
N/A
N/A
N/A
Growing
KVHI
— KVH Industries, Inc. - Common Stock
$141M
$7.24
N/A
N/A
N/A
Stable
LBTYA
— Liberty Global Ltd. - Class A Common Shares
$3.6B
$10.71
N/A
N/A
N/A
Weakening
LBTYB
— Liberty Global Ltd. - Class B Common Shares
$3.9B
$11.55
N/A
N/A
N/A
Weakening
LBTYK
— Liberty Global Ltd. - Class C Common Shares
$3.5B
$10.44
N/A
N/A
N/A
Weakening
LILA
— Liberty Latin America Ltd. - Class A Common Stock
$1.8B
$8.69
N/A
N/A
N/A
Stable
LILAK
— Liberty Latin America Ltd. - Class C Common Stock
$1.7B
$8.68
N/A
N/A
N/A
Stable
LUMN
— Lumen Technologies, Inc. Common Stock
$6.9B
$6.65
N/A
N/A
N/A
Stable
NIXX
— Nixxy, Inc. - Common Stock
$17M
$0.62
N/A
N/A
N/A
Stable
OPTU
— Optimum Communications, Inc. Class A Common Stock
$472M
$0.99
N/A
N/A
N/A
Weakening
PCLA
— Picocela Inc.
ADR
$31M
$6.32
N/A
N/A
N/A
Stable
RCI
— Rogers Communication, Inc. Common Stock
Foreign
$15.8B
$36.88
N/A
N/A
N/A
Growing
SATS
— Echostar
$30.1B
$103.94
N/A
N/A
N/A
Weakening
SHEN
— Shenandoah Telecommunications Co. - Common Stock
$674M
$12.18
N/A
N/A
N/A
Stable
SIFY
— Sify Technologies Limited - American Depository Shares
ADR
$1.0B
$14.40
N/A
N/A
N/A
Weakening
SKM
— SK Telecom Co., Ltd. Common Stock
ADR
$14.3B
$38.42
N/A
N/A
N/A
Stable
T
— AT&T
$177.9B
$25.61
N/A
N/A
N/A
Growing
TDS
— Telephone and Data Systems, Inc. Common Shares
$4.3B
$37.95
N/A
N/A
N/A
Stable
TEO
— Telecom Argentina S.A.
ADR
$1.6B
$13.08
N/A
N/A
N/A
Growing
TIGO
— Millicom International Cellular S.A. - Common Stock
Foreign
$16.1B
$95.96
N/A
N/A
N/A
Growing
TIMB
— TIM S.A.
ADR
$9.0B
$18.74
N/A
N/A
N/A
Growing
TKC
— Turkcell Iletisim Hizmetleri A/S Common Stock
ADR
$4.6B
$5.26
N/A
N/A
N/A
Growing
TU
— Telus Corporation Ordinary Shares
Foreign
$15.1B
$9.68
N/A
N/A
N/A
Growing
TV
— Grupo Televisa S.A.b. Common Stock
ADR
$1.1B
$2.50
N/A
N/A
N/A
Stable
VOD
— Vodafone Group Public Ltd. Co.
ADR
$40.0B
$17.30
N/A
N/A
N/A
Weakening
▶ Broadcasting
(1+11 total)
1
+28.1%
+28.1%
Undervalued
1
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
NXST
— Nexstar Media Group, Inc. - Common Stock
$5.2B
$168.99
$216.49
+28.1%
Undervalued
Weakening
Cannot calculate DCF
BBGI
— Beasley Broadcast Group, Inc. - Class A Common Stock
$31M
$17.14
N/A
N/A
N/A
Weakening
FUBO
— Fubotv Inc. Class A Common Stock
$330M
$11.22
N/A
N/A
N/A
Stable
GTN
— Gray Media, Inc. Common Stock
$490M
$4.77
N/A
N/A
N/A
Weakening
GTN.A
— Gray Media, Inc. Class A Common Stock
$789M
$7.68
N/A
N/A
N/A
Weakening
IHRT
— Iheartmedia, Inc. - Class A Common Stock
$401M
$2.65
N/A
N/A
N/A
Stable
MDIA
— Mediaco Holding Inc. - Class A Common Stock
$87M
$1.06
N/A
N/A
N/A
Stable
SBGI
— Sinclair, Inc. - Class A Common Stock
$995M
$13.79
N/A
N/A
N/A
Stable
SGA
— Saga Communications, Inc. - Class A Common Stock
$61M
$9.51
N/A
N/A
N/A
Weakening
SSP
— E.w. Scripps Company (the) - Class A Common Stock
$294M
$3.21
N/A
N/A
N/A
Weakening
UONE
— Urban One, Inc. - Class A Common Stock
$22M
$4.78
N/A
N/A
N/A
Weakening
UONEK
— Urban One, Inc. - Class D Common Stock
$22M
$4.90
N/A
N/A
N/A
Weakening
▶ Publishing
(2+5 total)
2
+4.5%
+4.5%
Fair
1
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
NYT
— New York Times Company (the) Common Stock
$11.0B
$67.92
$82.07
+20.8%
Undervalued
Growing
PSO
— Pearson, Plc. Common Stock
ADR
$9.4B
$15.67
$13.81
-11.9%
Overvalued
Weakening
Cannot calculate DCF
LEE
— Lee Enterprises, Incorporated - Common Stock
$172M
$7.74
N/A
N/A
N/A
Weakening
SCHL
— Scholastic Corporation - Common Stock
$773M
$36.32
N/A
N/A
N/A
Weakening
TDAY
— USA Today Co., Inc. Common Stock
$940M
$6.41
N/A
N/A
N/A
Growing
WLY
— John Wiley & Sons, Inc. Common Stock
$2.5B
$48.69
N/A
N/A
N/A
Stable
WLYB
— John Wiley & Sons, Inc. Common Stock
$2.5B
$49.70
N/A
N/A
N/A
Stable
▶ Entertainment
(12+23 total)
12
-32.0%
-5.6%
Overvalued
4
7
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
FOX
— Fox Corporation (Class B
$24.5B
$58.22
$136.43
+134.3%
Undervalued
Growing
FOXA
— Fox Corporation (Class A
$27.4B
$65.25
$136.43
+109.1%
Undervalued
Growing
CNK
— Cinemark Holdings Inc. Cinemark Holdings, Inc. Common Stock
$4.2B
$36.17
$41.75
+15.4%
Undervalued
Stable
DIS
— Walt Disney Company (the)
$182.4B
$105.04
$116.42
+10.8%
Undervalued
Growing
IMAX
— Imax Corporation Common Stock
$2.9B
$52.62
$53.90
+0.0%
Fair
Growing
NFLX
— Netflix
$319.8B
$76.80
$55.42
-27.8%
Overvalued
Growing
NWSA
— News Corp. (Class A
$16.3B
$29.82
$19.06
-36.1%
Overvalued
Stable
WMG
— Warner Music Group Corp. - Class A Common Stock
$14.6B
$28.02
$17.69
-36.9%
Overvalued
Weakening
MSGE
— Madison Square Garden Entertainment Corp. Class A Common Stock
$3.6B
$76.64
$46.84
-38.9%
Overvalued
Stable
NWS
— News Corp. (Class B
$18.2B
$33.34
$19.06
-42.8%
Overvalued
Stable
AENT
— Alliance Entertainment Holding Corporation - Common Stock
$278M
$5.45
$1.36
-75.0%
Overvalued
Growing
LYV
— Live Nation Entertainment
$39.7B
$170.50
$35.35
-79.3%
Overvalued
Stable
Cannot calculate DCF
AMC
— AMC Entertainment Holdings, Inc. Class A Common Stock
$1.6B
$2.56
N/A
N/A
N/A
Stable
AMCX
— AMC Global Media Inc. - Class A Common Stock
$531M
$12.08
N/A
N/A
N/A
Weakening
BATRA
— Atlanta Braves Holdings, Inc. - Series A Common Stock
$3.6B
$55.62
N/A
N/A
N/A
Stable
BATRK
— Atlanta Braves Holdings, Inc. - Series C Common Stock
$3.2B
$50.40
N/A
N/A
N/A
Stable
CPOP
— Pop Culture Group Co., Ltd. - Class A Ordinary Shares
Foreign
$24M
$0.29
N/A
N/A
N/A
Growing
FWONA
— Liberty Media Corporation - Series A Liberty Formula One Common Stock
$21.9B
$87.29
N/A
N/A
N/A
Weakening
FWONK
— Liberty Media Corporation - Series C Liberty Formula One Common Stock
$23.8B
$95.00
N/A
N/A
N/A
Weakening
HUYA
— Huya Inc.
ADR
$165M
$2.11
N/A
N/A
N/A
Stable
IQ
— Iqiyi, Inc.
ADR
$525M
$0.99
N/A
N/A
N/A
Weakening
LFS
— Leifras Co., Ltd.
ADR
$57M
$2.12
N/A
N/A
N/A
Growing
MCS
— Marcus Corporation (the) Common Stock
$832M
$27.07
N/A
N/A
N/A
Weakening
MSGS
— Madison Square Garden Sports Corp. Class A Common Stock (New)
$9.4B
$391.10
N/A
N/A
N/A
Weakening
NIPG
— NIP Group Inc.
ADR
$820M
$14.47
N/A
N/A
N/A
Stable
PLAY
— Dave & Buster's Entertainment, Inc. - Common Stock
$308M
$8.84
N/A
N/A
N/A
Weakening
RDI
— Reading International Inc. - Class A Non-voting Common Stock
$51M
$2.25
N/A
N/A
N/A
Stable
RDIB
— Reading International Inc. - Class B Voting Common Stock
$309M
$13.62
N/A
N/A
N/A
Stable
ROKU
— Roku, Inc. - Class A Common Stock
$22.9B
$155.34
N/A
N/A
N/A
Growing
RSVR
— Reservoir Media, Inc.. - Common Stock
$603M
$9.19
N/A
N/A
N/A
Growing
SIRI
— Siriusxm Holdings Inc. - Common Stock
$9.7B
$28.80
N/A
N/A
N/A
Weakening
SPHR
— Sphere Entertainment Co. Class A Common Stock
$5.1B
$142.51
N/A
N/A
N/A
Stable
STRZ
— Starz Entertainment Corp. - Common Shares
$436M
$25.98
N/A
N/A
N/A
Stable
TKO
— TKO Group Holdings
$15.1B
$195.43
N/A
N/A
N/A
Growing
WBD
— Warner Bros. Discovery
$70.6B
$28.14
N/A
N/A
N/A
Stable
▶ Electronic Gaming & Multimedia
(5+6 total)
5
-61.9%
-11.0%
Overvalued
1
3
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GRVY
— Gravity Co., Ltd.
ADR
$510M
$73.44
$207.95
+183.2%
Undervalued
Weakening
EA
— Electronic Arts
$52.6B
$209.86
$207.81
+0.0%
Fair
Stable
GDEV
— Gdev Inc. - Ordinary Shares
Foreign
$193M
$10.62
$4.05
-61.9%
Overvalued
Growing
NTES
— Netease, Inc.
ADR
$76.9B
$119.49
$27.96
-76.6%
Overvalued
Growing
DDI
— Doubledown Interactive Co., Ltd. - American Depository Shares
ADR
$632M
$12.75
$0.02
-99.8%
Overvalued
Growing
Cannot calculate DCF
MYPS
— Playstudios, Inc. - Class A Common Stock
$63M
$0.49
N/A
N/A
N/A
Stable
PLTK
— Playtika Holding Corp. - Common Stock
$844M
$2.22
N/A
N/A
N/A
Stable
RBLX
— Roblox Corporation Class A Common Stock
$32.1B
$44.83
N/A
N/A
N/A
Growing
SKLZ
— Skillz Inc. Class A Common Stock
$137M
$8.79
N/A
N/A
N/A
Weakening
SOHU
— Sohu.com Ltd.
ADR
$358M
$13.74
N/A
N/A
N/A
Stable
TTWO
— Take-two Interactive
$39.6B
$213.31
N/A
N/A
N/A
Growing
▶ Healthcare122
-5.5%
52 /
62 /
8
+6.1%
Overvalued
52
62
8
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Health Information Services
(6+22 total)
6
+51.4%
+47.1%
Undervalued
4
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GDRX
— Goodrx Holdings, Inc. - Class A Common Stock
$1.2B
$3.52
$11.21
+218.5%
Undervalued
Growing
DOCS
— Doximity, Inc. Class A Common Stock
$4.5B
$24.41
$43.45
+78.0%
Undervalued
Stable
HSTM
— Healthstream, Inc. - Common Stock
$838M
$28.68
$49.55
+72.8%
Undervalued
Stable
HQY
— Healthequity, Inc. - Common Stock
$7.8B
$93.20
$121.20
+30.0%
Undervalued
Growing
VEEV
— Veeva Systems
$43.2B
$264.87
$214.28
-19.1%
Overvalued
Growing
TALK
— Talkspace, Inc. - Common Stock
$879M
$5.25
$1.11
-78.9%
Overvalued
Stable
Cannot calculate DCF
AMWL
— American Well Corporation Class A Common Stock
$223M
$13.34
N/A
N/A
N/A
Growing
CCLD
— Carecloud, Inc. - Common Stock
$92M
$2.17
N/A
N/A
N/A
Growing
CERT
— Certara, Inc. - Common Stock
$1.2B
$7.74
N/A
N/A
N/A
Growing
CTEV
— Claritev Corporation Class A Common Stock
$647M
$37.97
N/A
N/A
N/A
Stable
DH
— Definitive Healthcare Corp. - Class A Common Stock
$110M
$1.04
N/A
N/A
N/A
Stable
EVH
— Evolent Health, Inc. Class A Common Stock
$475M
$4.22
N/A
N/A
N/A
Weakening
HCAT
— Health Catalyst, Inc. - Common Stock
$125M
$1.69
N/A
N/A
N/A
Growing
LFMD
— Lifemd, Inc. - Common Stock
$149M
$3.08
N/A
N/A
N/A
Stable
NRC
— NRC Health - Common Stock
$478M
$21.20
N/A
N/A
N/A
Weakening
OMCL
— Omnicell, Inc. - Common Stock
$1.5B
$33.84
N/A
N/A
N/A
Stable
OPRX
— Optimizerx Corporation - Common Stock
$143M
$7.60
N/A
N/A
N/A
Growing
PHR
— Phreesia, Inc. Common Stock
$632M
$10.22
N/A
N/A
N/A
Growing
PRVA
— Privia Health Group, Inc. - Common Stock
$2.6B
$20.78
N/A
N/A
N/A
Stable
SDGR
— Schrodinger, Inc. - Common Stock
$1.5B
$20.03
N/A
N/A
N/A
Weakening
SPOK
— Spok Holdings, Inc. - Common Stock
$222M
$10.64
N/A
N/A
N/A
Growing
SY
— So-young International Inc. - American Depository Shares
ADR
$225M
$2.65
N/A
N/A
N/A
Weakening
TBRG
— Trubridge, Inc. - Common Stock
$394M
$26.25
N/A
N/A
N/A
Growing
TDOC
— Teladoc Health, Inc. Common Stock
$1.1B
$6.26
N/A
N/A
N/A
Weakening
TEM
— Tempus AI Inc. - Class A Common Stock
$11.0B
$64.27
N/A
N/A
N/A
Growing
TXG
— 10x Genomics, Inc. - Common Stock
$8.3B
$65.56
N/A
N/A
N/A
Growing
WAY
— Waystar Holding Corp. - Common Stock
$4.6B
$24.22
N/A
N/A
N/A
Growing
WEAV
— Weave Communications, Inc. Common Stock
$582M
$7.31
N/A
N/A
N/A
Growing
▶ Biotechnology
(15+97 total)
15
+39.1%
+39.3%
Undervalued
10
4
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HRMY
— Harmony Biosciences Holdings, Inc. - Common Stock
$2.4B
$42.05
$152.39
+262.4%
Undervalued
Growing
INVA
— Innoviva, Inc. - Common Stock
$1.6B
$21.34
$66.76
+212.8%
Undervalued
Growing
MDXG
— Mimedx Group, Inc. - Common Stock
$697M
$4.68
$12.59
+169.0%
Undervalued
Stable
PBYI
— Puma Biotechnology Inc. - Common Stock
$478M
$9.39
$19.54
+108.1%
Undervalued
Growing
BMRN
— Biomarin Pharmaceutical Inc. - Common Stock
$12.5B
$64.62
$95.55
+47.9%
Undervalued
Growing
CPRX
— Catalyst Pharmaceuticals, Inc. - Common Stock
$3.9B
$31.49
$46.14
+46.5%
Undervalued
Growing
EXEL
— Exelixis, Inc. - Common Stock
$14.5B
$57.66
$84.39
+46.4%
Undervalued
Growing
INCY
— Incyte
$24.9B
$124.41
$173.02
+39.1%
Undervalued
Growing
GMAB
— Genmab A/S
ADR
$20.9B
$33.53
$37.41
+11.6%
Undervalued
Weakening
REGN
— Regeneron Pharmaceuticals
$85.0B
$810.37
$860.77
+6.2%
Undervalued
Growing
HALO
— Halozyme Therapeutics, Inc. - Common Stock
$12.8B
$108.30
$111.68
+0.0%
Fair
Growing
RPRX
— Royalty Pharma Plc. - Class A Ordinary Shares
$26.9B
$60.59
$26.94
-55.5%
Overvalued
Stable
ADXN
— Addex Therapeutics Ltd.
ADR
$5M
$3.70
$1.34
-63.8%
Overvalued
Weakening
CORT
— Corcept Therapeutics Incorporated - Common Stock
$12.2B
$113.98
$32.38
-71.6%
Overvalued
Stable
KRYS
— Krystal Biotech, Inc. - Common Stock
$10.4B
$351.39
$22.18
-93.7%
Overvalued
Growing
Cannot calculate DCF
AAPG
— Ascentage Pharma Group International - American Depository Shares
Foreign
$1.6B
$17.44
N/A
N/A
N/A
Stable
ABUS
— Arbutus Biopharma Corporation - Common Stock
$1.0B
$5.18
N/A
N/A
N/A
Stable
ABVX
— Abivax S.A.
ADR
$9.3B
$118.95
N/A
N/A
N/A
Weakening
ACAD
— Acadia Pharmaceuticals Inc. - Common Stock
$4.7B
$27.58
N/A
N/A
N/A
Growing
ADAG
— Adagene Inc.
ADR
$164M
$3.49
N/A
N/A
N/A
Stable
ADMA
— Adma Biologics Inc. - Common Stock
$2.2B
$9.54
N/A
N/A
N/A
Growing
AGEN
— Agenus Inc. - Common Stock
$309M
$7.43
N/A
N/A
N/A
Stable
AGMB
— Agomab Therapeutics N.V.
ADR
$734M
$14.91
N/A
N/A
N/A
Stable
AKTX
— Akari Therapeutics Plc.
ADR
$19M
$10.96
N/A
N/A
N/A
Weakening
ALNY
— Alnylam Pharmaceuticals, Inc. - Common Stock
$34.7B
$260.10
N/A
N/A
N/A
Growing
ANAB
— Anaptysbio, Inc. - Common Stock
$1.6B
$56.60
N/A
N/A
N/A
Stable
ANL
— Adlai Nortye Ltd.
ADR
$999M
$15.51
N/A
N/A
N/A
Stable
ARDX
— Ardelyx, Inc. - Common Stock
$934M
$3.78
N/A
N/A
N/A
Stable
ARGX
— Argenx SE
ADR
$62.4B
$1007.69
N/A
N/A
N/A
Growing
ARQT
— Arcutis Biotherapeutics, Inc. - Common Stock
$3.0B
$24.36
N/A
N/A
N/A
Stable
ARWR
— Arrowhead Pharmaceuticals, Inc. - Common Stock
$12.0B
$85.10
N/A
N/A
N/A
Growing
ASND
— Ascendis Pharma A/S - Ordinary Share
ADR
$17.7B
$270.26
N/A
N/A
N/A
Growing
ATAI
— Ataibeckley Inc.
ADR
$2.7B
$7.29
N/A
N/A
N/A
Stable
ATHE
— Alterity Therapeutics Ltd.
ADR
$81M
$4.48
N/A
N/A
N/A
Growing
AUPH
— Aurinia Pharmaceuticals Inc. - Common Shares
$2.1B
$16.08
N/A
N/A
N/A
Growing
AUTL
— Autolus Therapeutics Plc.
ADR
$559M
$2.10
N/A
N/A
N/A
Weakening
AXSM
— Axsome Therapeutics, Inc. - Common Stock
$10.7B
$207.64
N/A
N/A
N/A
Stable
BBIO
— Bridgebio Pharma, Inc. - Common Stock
$14.6B
$74.75
N/A
N/A
N/A
Stable
BCYC
— Bicycle Therapeutics Plc.
ADR
$210M
$4.17
N/A
N/A
N/A
Stable
BDRX
— Biodexa Pharmaceuticals Plc.
ADR
$649107.0
$0.87
N/A
N/A
N/A
Weakening
BEAM
— Beam Therapeutics Inc. - Common Stock
$2.8B
$26.82
N/A
N/A
N/A
Weakening
BLRX
— Biolinerx Ltd.
ADR
$11M
$2.56
N/A
N/A
N/A
Stable
BLTE
— Belite BIO Inc.
ADR
$7.6B
$193.37
N/A
N/A
N/A
Stable
BNTC
— Benitec Biopharma Inc.
ADR
$438M
$12.76
N/A
N/A
N/A
Stable
BNTX
— Biontech SE
ADR
$25.0B
$98.75
N/A
N/A
N/A
Weakening
BRNS
— Barinthus Biotherapeutics Plc.
ADR
$31M
$0.76
N/A
N/A
N/A
Stable
CANF
— Can-fite Biopharma Ltd.
ADR
$3M
$2.35
N/A
N/A
N/A
Weakening
CLLS
— Cellectis S.A.
ADR
$318M
$3.16
N/A
N/A
N/A
Growing
CMMB
— Chemomab Therapeutics Ltd.
ADR
$20M
$2.75
N/A
N/A
N/A
Stable
CNTA
— Centessa Pharmaceuticals Plc.
ADR
$6.3B
—
N/A
N/A
N/A
Stable
CNTB
— Connect Biopharma Holdings Ltd.
ADR
$120M
$1.91
N/A
N/A
N/A
Stable
CRMD
— Cormedix Inc. - Common Stock
$642M
$8.18
N/A
N/A
N/A
Growing
CYTK
— Cytokinetics, Incorporated - Common Stock
$10.2B
$75.36
N/A
N/A
N/A
Stable
DBVT
— DBV Technologies S.A.
ADR
$784M
$13.24
N/A
N/A
N/A
Weakening
DNA
— Ginkgo Bioworks Holdings, Inc. Class A Common Stock
$453M
$6.94
N/A
N/A
N/A
Weakening
GERN
— Geron Corporation - Common Stock
$969M
$1.51
N/A
N/A
N/A
Stable
GNTA
— Genenta Science S.p.a.
ADR
$23M
$1.00
N/A
N/A
N/A
Stable
GPCR
— Structure Therapeutics Inc.
ADR
$2.9B
$40.33
N/A
N/A
N/A
Stable
GYRE
— Gyre Therapeutics, Inc. - Common Stock
$696M
$7.17
N/A
N/A
N/A
Stable
HRTX
— Heron Therapeutics, Inc. - Common Stock
$66M
$0.35
N/A
N/A
N/A
Stable
IBRX
— Immunitybio, Inc. - Common Stock
$8.7B
$8.30
N/A
N/A
N/A
Stable
IDYA
— Ideaya Biosciences, Inc. - Common Stock
$3.4B
$38.81
N/A
N/A
N/A
Stable
IMCR
— Immunocore Holdings Plc.
ADR
$1.8B
$35.30
N/A
N/A
N/A
Stable
IMMP
— Immutep Ltd.
ADR
$52M
$0.36
N/A
N/A
N/A
Stable
IMRN
— Immuron Ltd.
ADR
$10M
$1.81
N/A
N/A
N/A
Stable
INSM
— Insmed Incorporated - Common Stock
$27.1B
$124.91
N/A
N/A
N/A
Stable
IONS
— Ionis Pharmaceuticals, Inc. - Common Stock
$9.4B
$56.74
N/A
N/A
N/A
Stable
IOVA
— Iovance Biotherapeutics, Inc. - Common Stock
$3.9B
$8.71
N/A
N/A
N/A
Stable
IPHA
— Innate Pharma S.A.
ADR
$189M
$2.02
N/A
N/A
N/A
Weakening
JAZZ
— Jazz Pharmaceuticals Plc. - Ordinary Shares
$15.1B
$239.92
N/A
N/A
N/A
Stable
KPTI
— Karyopharm Therapeutics Inc. - Common Stock
$39M
$1.73
N/A
N/A
N/A
Stable
LEGN
— Legend Biotech Corp.
ADR
$3.8B
$20.50
N/A
N/A
N/A
Growing
LGND
— Ligand Pharmaceuticals Incorporated - Common Stock
$5.8B
$288.60
N/A
N/A
N/A
Growing
LKFT
— Lakefront Biotherapeutics N.V.
ADR
$1.8B
$27.64
N/A
N/A
N/A
Growing
MDGL
— Madrigal Pharmaceuticals, Inc. - Common Stock
$12.3B
$533.98
N/A
N/A
N/A
Stable
MGNX
— Macrogenics, Inc. - Common Stock
$274M
$4.31
N/A
N/A
N/A
Stable
MIRM
— Mirum Pharmaceuticals, Inc. - Common Stock
$6.1B
$99.57
N/A
N/A
N/A
Growing
MNKD
— Mannkind Corporation - Common Stock
$1.3B
$4.17
N/A
N/A
N/A
Growing
MOLN
— Molecular Partners AG
ADR
$164M
$4.38
N/A
N/A
N/A
Stable
MREO
— Mereo Biopharma Group Plc.
ADR
$40M
$0.25
N/A
N/A
N/A
Weakening
MRNA
— Moderna
$55.6B
$140.21
N/A
N/A
N/A
Stable
MRVI
— Maravai Lifesciences Holdings, Inc. - Class A Common Stock
$1.1B
$7.20
N/A
N/A
N/A
Weakening
NAGE
— Niagen Bioscience, Inc. - Common Stock
$248M
$3.11
N/A
N/A
N/A
Growing
NBP
— Novabridge Biosciences
ADR
$206M
$1.78
N/A
N/A
N/A
Stable
NBTX
— Nanobiotix S.A.
ADR
$1.8B
$37.95
N/A
N/A
N/A
Weakening
NCNA
— Nucana Plc.
ADR
$6M
$1.42
N/A
N/A
N/A
—
NUVB
— Nuvation Bio Inc. Class A Common Stock
$2.3B
$6.60
N/A
N/A
N/A
Weakening
NVAX
— Novavax, Inc. - Common Stock
$1.7B
$10.19
N/A
N/A
N/A
Growing
ONC
— Beone Medicines Ltd.
ADR
$36.6B
$351.36
N/A
N/A
N/A
Growing
PHAR
— Pharming Group N.V. - ADS Each Representing 10 Ordinary Shares
ADR
$807M
$11.50
N/A
N/A
N/A
Growing
PHAT
— Phathom Pharmaceuticals, Inc. - Common Stock
$752M
$9.43
N/A
N/A
N/A
Stable
PTCT
— PTC Therapeutics, Inc. - Common Stock
$5.7B
$68.81
N/A
N/A
N/A
Growing
RARE
— Ultragenyx Pharmaceutical Inc. - Common Stock
$1.5B
$14.88
N/A
N/A
N/A
Stable
RCUS
— Arcus Biosciences, Inc. Common Stock
$3.7B
$29.04
N/A
N/A
N/A
Stable
RIGL
— Rigel Pharmaceuticals, Inc. - Common Stock
$877M
$47.41
N/A
N/A
N/A
Growing
RYTM
— Rhythm Pharmaceuticals, Inc. - Common Stock
$7.0B
$101.77
N/A
N/A
N/A
Stable
SLN
— Silence Therapeutics Plc.
ADR
$647M
$13.69
N/A
N/A
N/A
Weakening
SNDX
— Syndax Pharmaceuticals, Inc. - Common Stock
$1.8B
$19.95
N/A
N/A
N/A
Weakening
SRPT
— Sarepta Therapeutics, Inc. - Common Stock
$2.2B
$20.95
N/A
N/A
N/A
Stable
TARS
— Tarsus Pharmaceuticals, Inc. - Common Stock
$3.8B
$87.21
N/A
N/A
N/A
Growing
TBPH
— Theravance Biopharma, Inc. - Ordinary Shares
$880M
$17.07
N/A
N/A
N/A
Growing
TECH
— Bio-techne
$11.3B
$72.31
N/A
N/A
N/A
Stable
TGTX
— TG Therapeutics, Inc. - Common Stock
$8.5B
$55.69
N/A
N/A
N/A
Stable
TVTX
— Travere Therapeutics, Inc. - Common Stock
$6.1B
$66.03
N/A
N/A
N/A
Stable
URGN
— Urogen Pharma Ltd. - Ordinary Shares
$2.1B
$43.77
N/A
N/A
N/A
Weakening
VALN
— Valneva SE
ADR
$657M
$6.93
N/A
N/A
N/A
Stable
VCEL
— Vericel Corporation - Common Stock
$2.0B
$39.03
N/A
N/A
N/A
Growing
VNDA
— Vanda Pharmaceuticals Inc. - Common Stock
$321M
$5.34
N/A
N/A
N/A
Stable
VRTX
— Vertex Pharmaceuticals
$134.3B
$529.01
N/A
N/A
N/A
Stable
XTLB
— XTL Biopharmaceuticals Ltd.
ADR
$6M
$2.60
N/A
N/A
N/A
Stable
ZLAB
— Zai Lab Ltd.
ADR
$2.9B
$25.40
N/A
N/A
N/A
Stable
ZVRA
— Zevra Therapeutics, Inc. - Common Stock
$749M
$12.67
N/A
N/A
N/A
Stable
▶ Drug Manufacturers-Specialty & Generic
(15+34 total)
15
+23.9%
+14.8%
Undervalued
9
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
COLL
— Collegium Pharmaceutical, Inc. - Common Stock
$758M
$23.37
$246.16
+953.3%
Undervalued
Growing
AMPH
— Amphastar Pharmaceuticals, Inc. - Common Stock
$1.0B
$22.93
$54.88
+139.3%
Undervalued
Weakening
PBH
— Prestige Consumer Healthcare Inc. Common Stock
$2.4B
$49.79
$99.57
+100.0%
Undervalued
Weakening
ALKS
— Alkermes Plc. - Ordinary Shares
$7.6B
$45.49
$70.53
+55.0%
Undervalued
Stable
ZTS
— Zoetis
$30.8B
$73.57
$111.04
+50.9%
Undervalued
Growing
HLN
— Haleon Plc.
ADR
$41.2B
$9.26
$12.78
+38.0%
Undervalued
Growing
LNTH
— Lantheus Holdings, Inc. - Common Stock
$6.5B
$100.42
$132.23
+31.7%
Undervalued
Stable
UTHR
— United Therapeutics Corporation - Common Stock
$21.1B
$498.05
$616.94
+23.9%
Undervalued
Stable
NBIX
— Neurocrine Biosciences, Inc. - Common Stock
$15.6B
$155.07
$183.31
+18.2%
Undervalued
Growing
KMDA
— Kamada Ltd. - Ordinary Shares
Foreign
$477M
$8.27
$6.42
-22.4%
Overvalued
Growing
ORGO
— Organogenesis Holdings Inc. - Class A
$206M
$1.60
$0.82
-48.8%
Overvalued
Growing
HIMS
— Hims & Hers Health, Inc. Class A Common Stock
$6.5B
$28.18
$6.86
-75.7%
Overvalued
Growing
PAHC
— Phibro Animal Health Corporation - Class A Common Stock
$1.5B
$37.31
$5.66
-84.8%
Overvalued
Growing
HCM
— Hutchmed (China) Ltd.
ADR
$2.4B
$13.88
$0.00
-100.0%
Overvalued
Stable
INDV
— Indivior Pharmaceuticals, Inc. - Common Stock
$4.1B
$34.34
$-1.27
-103.7%
Overvalued
Stable
Cannot calculate DCF
ACB
— Aurora Cannabis Inc. - Common Shares
Foreign
$229M
$3.87
N/A
N/A
N/A
Growing
AKBA
— Akebia Therapeutics, Inc. - Common Stock
$276M
$1.03
N/A
N/A
N/A
Stable
ALVO
— Alvotech - Ordinary Shares
Foreign
$1.7B
$5.19
N/A
N/A
N/A
Growing
AMRX
— Amneal Pharmaceuticals, Inc. - Class A Common Stock
$5.4B
$17.05
N/A
N/A
N/A
Growing
ANIK
— Anika Therapeutics Inc. - Common Stock
$280M
$21.04
N/A
N/A
N/A
Stable
ANIP
— ANI Pharmaceuticals, Inc. - Common Stock
$1.6B
$70.23
N/A
N/A
N/A
Growing
BCRX
— Biocryst Pharmaceuticals, Inc. - Common Stock
$2.3B
$9.07
N/A
N/A
N/A
Growing
BFRI
— Biofrontera Inc.
ADR
$20M
$1.55
N/A
N/A
N/A
Stable
BHC
— Bausch Health Companies Inc. Common Stock
$2.4B
$6.43
N/A
N/A
N/A
Growing
CGC
— Canopy Growth Corporation - Common Shares
$409M
$0.97
N/A
N/A
N/A
Stable
CRON
— Cronos Group Inc. - Common Share
$1.2B
$3.19
N/A
N/A
N/A
Growing
EBS
— Emergent Biosolutions Inc. Common Stock
$310M
$6.00
N/A
N/A
N/A
Growing
ELAN
— Elanco Animal Health Incorporated Common Stock
$12.0B
$23.98
N/A
N/A
N/A
Stable
EOLS
— Evolus, Inc. - Common Stock
$585M
$8.89
N/A
N/A
N/A
Stable
ESPR
— Esperion Therapeutics, Inc. - Common Stock
$821M
$3.19
N/A
N/A
N/A
Stable
EVO
— Evotec SE
ADR
$646M
$1.82
N/A
N/A
N/A
Weakening
HROW
— Harrow, Inc. - Common Stock
$1.4B
$37.88
N/A
N/A
N/A
Growing
INCR
— Intercure Ltd. - Ordinary Shares
Foreign
$312M
$5.71
N/A
N/A
N/A
Weakening
IRWD
— Ironwood Pharmaceuticals, Inc. - Class A Common Stock
$685M
$4.16
N/A
N/A
N/A
Stable
KNSA
— Kiniksa Pharmaceuticals International, Plc. - Class A Ordinary Shares
$5.9B
$77.17
N/A
N/A
N/A
Growing
LFCR
— Lifecore Biomedical, Inc. - Common Stock
$163M
$4.35
N/A
N/A
N/A
Stable
LQDA
— Liquidia Corporation - Common Stock
$6.0B
$67.68
N/A
N/A
N/A
Growing
OGI
— Organigram Global Inc. - Common Shares
Foreign
$156M
$1.11
N/A
N/A
N/A
Growing
PCRX
— Pacira Biosciences, Inc. - Common Stock
$1.0B
$25.87
N/A
N/A
N/A
Stable
PRGO
— Perrigo Company Plc. Ordinary Shares
$2.0B
$14.58
N/A
N/A
N/A
Weakening
RDY
— Dr. Reddy's Laboratories Ltd. Common Stock
ADR
$9.9B
$11.89
N/A
N/A
N/A
Stable
SUPN
— Supernus Pharmaceuticals, Inc. - Common Stock
$2.5B
$42.43
N/A
N/A
N/A
Stable
TAK
— Takeda Pharmaceutical Co. Ltd.
ADR
$58.5B
$18.32
N/A
N/A
N/A
Weakening
TEVA
— Teva Pharmaceutical Industries Ltd.
ADR
$42.8B
$36.77
N/A
N/A
N/A
Growing
TLRY
— Tilray Brands, Inc. - Common Stock
$499M
$4.29
N/A
N/A
N/A
Stable
TRLV
— Trulieve Cannabis Corp. Subordinate Voting Shares
$2.4B
$12.48
N/A
N/A
N/A
Growing
VTRS
— Viatris
$19.4B
$16.62
N/A
N/A
N/A
Stable
XERS
— Xeris Biopharma Holdings, Inc. - Common Stock
$1.5B
$8.48
N/A
N/A
N/A
Growing
ZYBT
— Zhengye Biotechnology Holding Limited - Class A Ordinary Shares
Foreign
$74M
$1.64
N/A
N/A
N/A
Weakening
▶ Medical Care Facilities
(16+24 total)
16
+0.0%
+14.6%
Fair
7
6
3
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
FMS
— Fresenius Medical Care AG
ADR
$12.0B
$22.46
$100.90
+349.2%
Undervalued
Growing
HCSG
— Healthcare Services Group, Inc. - Common Stock
$1.5B
$21.77
$46.80
+115.0%
Undervalued
Growing
DVA
— Davita
$11.6B
$180.07
$356.99
+98.3%
Undervalued
Stable
HCA
— HCA Healthcare
$89.2B
$401.96
$637.76
+58.7%
Undervalued
Growing
UHS
— Universal Health Services
$10.4B
$171.96
$255.78
+48.7%
Undervalued
Growing
CHE
— Chemed Corp.
$6.9B
$519.01
$588.34
+13.4%
Undervalued
Stable
OPCH
— Option Care Health, Inc. - Common Stock
$3.7B
$23.75
$26.82
+12.9%
Undervalued
Weakening
ASTH
— Astrana Health Inc. - Common Stock
$1.9B
$38.08
$37.59
+0.0%
Fair
Stable
NHC
— National Healthcare Corporation Common Stock
$3.5B
$220.88
$228.59
+0.0%
Fair
Growing
SEM
— Select Medical Holdings Corporation Common Stock
$2.0B
$16.52
$15.69
-5.0%
Overvalued
Weakening
ENSG
— the Ensign Group, Inc. - Common Stock
$10.0B
$170.52
$156.31
-8.3%
Overvalued
Growing
USPH
— U.s. Physical Therapy, Inc. Common Stock
$1.2B
$78.78
$63.23
-19.7%
Overvalued
Stable
ADUS
— Addus Homecare Corporation - Common Stock
$2.2B
$119.32
$78.18
-34.5%
Overvalued
Growing
EHC
— Encompass Health Corporation Common Stock
$11.9B
$120.46
$64.66
-46.3%
Overvalued
Growing
PNTG
— the Pennant Group, Inc. - Common Stock
$1.4B
$39.31
$20.17
-48.7%
Overvalued
Growing
BTMD
— Biote Corp. - Class A Common Stock
$46M
$1.52
$-0.78
-151.3%
Overvalued
Growing
Cannot calculate DCF
ACHC
— Acadia Healthcare Company, Inc. - Common Stock
$2.5B
$27.50
N/A
N/A
N/A
Weakening
AGL
— Agilon Health, Inc. Common Stock
$1.5B
$91.37
N/A
N/A
N/A
Stable
AIRS
— Airsculpt Technologies, Inc. - Common Stock
$191M
$2.71
N/A
N/A
N/A
Weakening
AMN
— AMN Healthcare Services Inc.
$1.3B
$33.73
N/A
N/A
N/A
Weakening
AUNA
— Auna S.A. Class A Ordinary Shares
Foreign
$383M
$5.25
N/A
N/A
N/A
Growing
AVAH
— Aveanna Healthcare Holdings Inc. - Common Stock
$3.1B
$13.66
N/A
N/A
N/A
Growing
BKD
— Brookdale Senior Living Inc. Common Stock
$2.9B
$12.12
N/A
N/A
N/A
Stable
CCM
— Concord Medical Services Holdings Ltd.
ADR
$19M
$4.41
N/A
N/A
N/A
Stable
CCRN
— Cross Country Healthcare, Inc. - Common Stock
$411M
$13.26
N/A
N/A
N/A
Weakening
CMPS
— Compass Pathways Plc.
ADR
$1.9B
$14.04
N/A
N/A
N/A
Stable
CYH
— Community Health Systems, Inc. Common Stock
$400M
$2.84
N/A
N/A
N/A
Growing
DCGO
— Docgo Inc. - Common Stock
$39M
$0.39
N/A
N/A
N/A
Weakening
GRDN
— Guardian Pharmacy Services, Inc. Class A Common Stock
$2.7B
$42.49
N/A
N/A
N/A
Growing
INNV
— Innovage Holding Corp. - Common Stock
$1.4B
$10.53
N/A
N/A
N/A
Stable
LFST
— Lifestance Health Group, Inc. - Common Stock
$4.9B
$12.79
N/A
N/A
N/A
Stable
MD
— Pediatrix Medical Group, Inc. Common Stock
$2.2B
$27.00
N/A
N/A
N/A
Growing
NUTX
— Nutex Health Inc. - Common Stock
$1.3B
$189.71
N/A
N/A
N/A
Growing
PIII
— P3 Health Partners Inc. - Class A Common Stock
$30M
$8.98
N/A
N/A
N/A
Growing
SGRY
— Surgery Partners, Inc. - Common Stock
$1.8B
$13.94
N/A
N/A
N/A
Weakening
SNDA
— Sonida Senior Living, Inc. Common Stock
$1.9B
$39.12
N/A
N/A
N/A
Stable
SRTA
— Strata Critical Medical, Inc. - Class A Common Stock
$459M
$5.31
N/A
N/A
N/A
Stable
THC
— Tenet Healthcare Corporation Common Stock
$22.3B
$259.12
N/A
N/A
N/A
Growing
TOI
— the Oncology Institute, Inc. - Common Stock
$512M
$5.12
N/A
N/A
N/A
Growing
WW
— WW International, Inc. - Common Stock
$180M
$18.05
N/A
N/A
N/A
Weakening
▶ Medical Distribution
(4+4 total)
4
-2.3%
+38.7%
Fair
2
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
YI
— 111, Inc.
ADR
$14M
$2.73
$14.56
+433.3%
Undervalued
Stable
COR
— Cencora
$63.2B
$324.69
$373.14
+14.9%
Undervalued
Stable
MCK
— McKesson Corporation
$106.8B
$888.67
$715.21
-19.5%
Overvalued
Growing
CAH
— Cardinal Health
$56.3B
$240.55
$143.16
-40.5%
Overvalued
Growing
Cannot calculate DCF
ACH
— Accendra Health, Inc. Common Stock
$84M
$1.10
N/A
N/A
N/A
Weakening
AHG
— Akso Health Group
ADR
$702M
$0.82
N/A
N/A
N/A
Stable
FOCL
— Edap TMS S.A.
ADR
$157M
$4.18
N/A
N/A
N/A
Stable
HSIC
— Henry Schein
$10.1B
$88.86
N/A
N/A
N/A
Stable
▶ Medical Instruments & Supplies
(11+18 total)
11
-8.0%
-15.2%
Overvalued
3
7
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
RMD
— Resmed
$32.1B
$221.06
$279.46
+26.4%
Undervalued
Growing
ALC
— Alcon Inc. Ordinary Shares
Foreign
$33.7B
$69.12
$84.27
+21.9%
Undervalued
Stable
ALGN
— Align Technology
$11.0B
$153.49
$177.47
+15.6%
Undervalued
Weakening
LMAT
— Lemaitre Vascular, Inc. - Common Stock
$1.8B
$79.57
$78.36
+0.0%
Fair
Growing
ATR
— Aptargroup, Inc. Common Stock
$8.0B
$124.66
$117.40
-5.8%
Overvalued
Growing
STVN
— Stevanato Group S.p.a. Ordinary Shares
Foreign
$5.6B
$20.42
$18.78
-8.0%
Overvalued
Stable
BDX
— Becton Dickinson
$49.4B
$179.13
$145.86
-18.6%
Overvalued
Growing
COO
— Cooper Companies (the)
$13.2B
$67.69
$36.97
-45.4%
Overvalued
Growing
ISRG
— Intuitive Surgical
$124.0B
$350.22
$175.95
-49.8%
Overvalued
Growing
WST
— West Pharmaceutical Services
$23.8B
$337.39
$165.41
-51.0%
Overvalued
Stable
MMSI
— Merit Medical Systems, Inc. - Common Stock
$5.2B
$87.42
$41.39
-52.7%
Overvalued
Growing
Cannot calculate DCF
ANGO
— Angiodynamics, Inc. - Common Stock
$635M
$15.22
N/A
N/A
N/A
Stable
ATRC
— Atricure, Inc. - Common Stock
$2.7B
$53.73
N/A
N/A
N/A
Stable
AVTR
— Avantor, Inc. Common Stock
$10.4B
$15.27
N/A
N/A
N/A
Weakening
AZTA
— Azenta, Inc. - Common Stock
$1.4B
$30.81
N/A
N/A
N/A
Stable
BAX
— Baxter International
$12.8B
$24.87
N/A
N/A
N/A
Weakening
BLCO
— Bausch + Lomb Corporation Common Shares
$6.3B
$17.75
N/A
N/A
N/A
Stable
BLFS
— Biolife Solutions, Inc. - Common Stock
$1.7B
$35.38
N/A
N/A
N/A
Stable
EMBC
— Embecta Corp. - Common Stock
$329M
$5.55
N/A
N/A
N/A
Stable
ICUI
— ICU Medical, Inc. - Common Stock
$4.0B
$160.68
N/A
N/A
N/A
Growing
NVST
— Envista Holdings Corporation Common Stock
$4.4B
$26.80
N/A
N/A
N/A
Growing
OSUR
— Orasure Technologies, Inc. - Common Stock
$233M
$3.39
N/A
N/A
N/A
Weakening
RGEN
— Repligen Corporation - Common Stock
$9.5B
$168.51
N/A
N/A
N/A
Growing
SMTI
— Sanara Medtech Inc. - Common Stock
$321M
$35.07
N/A
N/A
N/A
Stable
SOLV
— Solventum
$15.3B
$90.16
N/A
N/A
N/A
Stable
STAA
— Staar Surgical Company - Common Stock
$1.2B
$24.17
N/A
N/A
N/A
Weakening
TFX
— Teleflex Incorporated Common Stock
$6.1B
$136.99
N/A
N/A
N/A
Weakening
WRBY
— Warby Parker Inc. Class A Common Stock
$3.0B
$24.78
N/A
N/A
N/A
Growing
XRAY
— Dentsply Sirona Inc. - Common Stock
$2.2B
$10.98
N/A
N/A
N/A
Weakening
▶ Medical Devices
(22+43 total)
22
-9.9%
-0.2%
Overvalued
9
12
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
INFU
— Infusystems Holdings, Inc. Common Stock
$241M
$11.93
$27.15
+127.6%
Undervalued
Growing
TCMD
— Tactile Systems Technology, Inc. - Common Stock
$491M
$21.77
$46.12
+111.9%
Undervalued
Stable
CNMD
— Conmed Corporation Common Stock
$1.4B
$46.59
$91.73
+96.9%
Undervalued
Stable
SNN
— Smith & Nephew Snats, Inc. Common Stock
ADR
$11.9B
$27.86
$43.56
+56.4%
Undervalued
Stable
GMED
— Globus Medical, Inc. Class A Common Stock
$10.2B
$75.03
$106.53
+42.0%
Undervalued
Growing
ABT
— Abbott Laboratories
$183.8B
$105.52
$125.18
+18.6%
Undervalued
Growing
BSX
— Boston Scientific
$66.9B
$44.99
$51.87
+15.3%
Undervalued
Growing
HAE
— Haemonetics Corporation Common Stock
$4.7B
$102.77
$114.08
+11.0%
Undervalued
Stable
STE
— Steris
$21.3B
$218.59
$238.71
+9.2%
Undervalued
Growing
INSP
— Inspire Medical Systems, Inc. Common Stock
$1.8B
$62.24
$64.31
+0.0%
Fair
Growing
UFPT
— UFP Technologies, Inc. - Common Stock
$2.2B
$280.82
$266.13
-5.2%
Overvalued
Growing
SYK
— Stryker Corporation
$106.0B
$276.43
$236.09
-14.6%
Overvalued
Growing
VMD
— Viemed Healthcare, Inc. - Common Shares
$337M
$8.80
$7.39
-16.0%
Overvalued
Growing
BWAY
— Brainsway Ltd.
ADR
$562M
$14.35
$11.98
-16.5%
Overvalued
Growing
DXCM
— Dexcom
$32.6B
$84.49
$68.45
-19.0%
Overvalued
Growing
EW
— Edwards Lifesciences
$49.9B
$86.72
$58.93
-32.0%
Overvalued
Stable
INMD
— Inmode Ltd. - Ordinary Shares
Foreign
$939M
$14.82
$9.27
-37.4%
Overvalued
Weakening
PODD
— Insulet Corporation
$9.9B
$142.28
$70.39
-50.5%
Overvalued
Growing
ZBH
— Zimmer Biomet
$18.2B
$94.17
$39.16
-58.4%
Overvalued
Stable
ITGR
— Integer Holdings Corporation Common Stock
$4.3B
$126.35
$38.87
-69.2%
Overvalued
Growing
PEN
— Penumbra, Inc. Common Stock
$12.6B
$319.26
$69.79
-78.1%
Overvalued
Growing
TMDX
— Transmedics Group, Inc. - Common Stock
$3.1B
$88.28
$3.55
-96.0%
Overvalued
Growing
Cannot calculate DCF
AHCO
— Adapthealth Corp. - Common Stock
$842M
$6.19
N/A
N/A
N/A
Stable
AORT
— Artivion, Inc. Common Stock
$1.2B
$25.13
N/A
N/A
N/A
Stable
ARAY
— Accuray Incorporated - Common Stock
$31M
$0.26
N/A
N/A
N/A
Stable
ATEC
— Alphatec Holdings, Inc. - Common Stock
$1.4B
$9.19
N/A
N/A
N/A
Growing
AVNS
— Avanos Medical, Inc. Common Stock
$1.2B
$24.99
N/A
N/A
N/A
Stable
AXGN
— Axogen, Inc. - Common Stock
$2.5B
$46.68
N/A
N/A
N/A
Stable
BFLY
— Butterfly Network, Inc. Class A Common Stock
$2.0B
$7.53
N/A
N/A
N/A
Growing
BIO
— Bio-rad Laboratories, Inc. Class A Common Stock
$10.2B
$380.07
N/A
N/A
N/A
Stable
BIO.B
— Bio-rad Laboratories, Inc. Class B Common Stock
$8.0B
$298.50
N/A
N/A
N/A
Stable
BRKR
— Bruker Corporation - Common Stock
$8.9B
$58.34
N/A
N/A
N/A
Weakening
BVS
— Bioventus Inc. - Class A Common Stock
$935M
$13.80
N/A
N/A
N/A
Growing
CERS
— Cerus Corporation - Common Stock
$509M
$2.54
N/A
N/A
N/A
Growing
CTKB
— Cytek Biosciences, Inc. - Common Stock
$597M
$4.62
N/A
N/A
N/A
Weakening
ENOV
— Enovis Corporation Common Stock
$1.2B
$20.00
N/A
N/A
N/A
Stable
ESTA
— Establishment Labs Holdings Inc. - Common Shares
$2.2B
$75.23
N/A
N/A
N/A
Growing
GEHC
— GE Healthcare
$30.4B
$66.78
N/A
N/A
N/A
Growing
GKOS
— Glaukos Corporation Common Stock
$10.9B
$185.00
N/A
N/A
N/A
Stable
IART
— Integra Lifesciences Holdings Corporation - Common Stock
$1.3B
$16.26
N/A
N/A
N/A
Weakening
INGN
— Inogen, Inc. - Common Stock
$142M
$5.24
N/A
N/A
N/A
Stable
IRTC
— Irhythm Holdings, Inc. - Common Stock
$4.0B
$122.30
N/A
N/A
N/A
Growing
KIDS
— Orthopediatrics Corp. - Common Stock
$569M
$22.17
N/A
N/A
N/A
Stable
LIVN
— Livanova Plc. - Ordinary Shares
$4.4B
$80.69
N/A
N/A
N/A
Stable
LMRI
— Lumexa Imaging Holdings, Inc. - Common Stock
$1.1B
$11.52
N/A
N/A
N/A
Weakening
MDT
— Medtronic
$118.3B
$92.40
N/A
N/A
N/A
Growing
NEOG
— Neogen Corporation - Common Stock
$2.6B
$11.90
N/A
N/A
N/A
Weakening
NSYS
— Nortech Systems Incorporated - Common Stock
$33M
$11.65
N/A
N/A
N/A
Weakening
NVCR
— Novocure Limited - Ordinary Shares
$2.0B
$16.86
N/A
N/A
N/A
Stable
OFIX
— Orthofix Medical Inc. - Common Stock
$369M
$9.12
N/A
N/A
N/A
Stable
OM
— Outset Medical, Inc. - Common Stock
$65M
$3.50
N/A
N/A
N/A
Stable
OWLT
— Owlet, Inc. Class A Common Stock
$144M
$4.98
N/A
N/A
N/A
Growing
PACB
— Pacific Biosciences of California, Inc. - Common Stock
$410M
$1.32
N/A
N/A
N/A
Stable
PHG
— Koninklijke Philips N.V. NY Registry Shares
ADR
$24.1B
$25.29
N/A
N/A
N/A
Growing
PRCT
— Procept Biorobotics Corporation - Common Stock
$1.2B
$21.35
N/A
N/A
N/A
Growing
QDEL
— Quidelortho Corporation - Common Stock
$912M
$13.37
N/A
N/A
N/A
Weakening
QTRX
— Quanterix Corporation - Common Stock
$128M
$2.72
N/A
N/A
N/A
Stable
RXST
— Rxsight, Inc. - Common Stock
$267M
$6.45
N/A
N/A
N/A
Stable
SIBN
— Si-bone, Inc. - Common Stock
$826M
$18.62
N/A
N/A
N/A
Growing
STIM
— Neuronetics, Inc. - Common Stock
$203M
$2.91
N/A
N/A
N/A
Stable
TMCI
— Treace Medical Concepts, Inc. - Common Stock
$302M
$4.66
N/A
N/A
N/A
Stable
TNDM
— Tandem Diabetes Care, Inc. - Common Stock
$1.4B
$19.89
N/A
N/A
N/A
Stable
TRIB
— Trinity Biotech Plc.
ADR
$244M
$12.07
N/A
N/A
N/A
Weakening
VREX
— Varex Imaging Corporation - Common Stock
$780M
$18.50
N/A
N/A
N/A
Weakening
XTNT
— Xtant Medical Holdings, Inc. Common Stock
$55M
$0.39
N/A
N/A
N/A
Growing
▶ Healthcare Plans
(6+5 total)
6
-14.9%
+4.2%
Overvalued
3
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CI
— Cigna
$73.0B
$275.83
$660.61
+139.5%
Undervalued
Stable
PGNY
— Progyny, Inc. - Common Stock
$2.1B
$27.15
$59.42
+118.9%
Undervalued
Stable
MOH
— Molina Healthcare Inc. Common Stock
$10.2B
$195.98
$234.26
+19.5%
Undervalued
Weakening
CVS
— CVS Health
$122.6B
$96.11
$48.82
-49.2%
Overvalued
Stable
UNH
— Unitedhealth Group
$364.1B
$400.93
$1.08
-99.7%
Overvalued
Weakening
HUM
— Humana
$48.4B
$403.00
$-15.07
-103.7%
Overvalued
Weakening
Cannot calculate DCF
ALHC
— Alignment Healthcare, Inc. - Common Stock
$2.8B
$13.46
N/A
N/A
N/A
Growing
CLOV
— Clover Health Investments, Corp. - Class A Common Stock
$2.3B
$4.29
N/A
N/A
N/A
Growing
CNC
— Centene Corporation
$31.9B
$64.58
N/A
N/A
N/A
Weakening
ELV
— Elevance Health
$87.2B
$402.05
N/A
N/A
N/A
Weakening
OSCR
— Oscar Health, Inc. Class A Common Stock
$10.0B
$33.01
N/A
N/A
N/A
Stable
▶ Diagnostics & Research
(14+16 total)
14
-25.4%
-17.1%
Overvalued
2
10
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ICLR
— Icon Plc. - Ordinary Shares
Foreign
$12.1B
$158.47
$276.25
+74.3%
Undervalued
Weakening
QGEN
— Qiagen N.V. Common Shares
ADR
$8.7B
$42.37
$55.95
+32.1%
Undervalued
Growing
DGX
— Quest Diagnostics
$26.1B
$235.74
$243.12
+0.0%
Fair
Growing
MEDP
— Medpace Holdings, Inc. - Common Stock
$16.9B
$590.86
$582.45
+0.0%
Fair
Growing
DHR
— Danaher Corporation
$145.2B
$205.16
$188.99
-7.9%
Overvalued
Stable
LH
— Labcorp
$26.7B
$325.17
$286.46
-11.9%
Overvalued
Growing
IQV
— Iqvia
$43.3B
$259.31
$208.49
-19.6%
Overvalued
Stable
RVTY
— Revvity
$14.2B
$127.05
$87.45
-31.2%
Overvalued
Stable
MTD
— Mettler Toledo
$26.8B
$1325.62
$890.72
-32.8%
Overvalued
Growing
TMO
— Thermo Fisher Scientific
$224.1B
$603.16
$394.60
-34.6%
Overvalued
Growing
A
— Agilent Technologies
$41.5B
$146.85
$89.18
-39.3%
Overvalued
Growing
IDXX
— Idexx Laboratories
$41.1B
$520.48
$313.74
-39.7%
Overvalued
Growing
WAT
— Waters Corporation
$39.6B
$403.18
$153.63
-61.9%
Overvalued
Stable
SHC
— Sotera Health Company - Common Stock
$5.3B
$18.60
$6.08
-67.3%
Overvalued
Growing
Cannot calculate DCF
ADPT
— Adaptive Biotechnologies Corporation - Common Stock
$3.9B
$24.34
N/A
N/A
N/A
Growing
CDNA
— Caredx, Inc. - Common Stock
$2.6B
$50.31
N/A
N/A
N/A
Stable
CRL
— Charles River Laboratories
$13.5B
$280.76
N/A
N/A
N/A
Weakening
CSTL
— Castle Biosciences, Inc. - Common Stock
$992M
$32.70
N/A
N/A
N/A
Stable
FLGT
— Fulgent Genetics, Inc. - Common Stock
$574M
$20.21
N/A
N/A
N/A
Stable
GH
— Guardant Health, Inc. - Common Stock
$21.4B
$161.10
N/A
N/A
N/A
Growing
ILMN
— Illumina, Inc. - Common Stock
$31.9B
$211.14
N/A
N/A
N/A
Growing
MDXH
— Mdxhealth S.A. - Ordinary Shares
Foreign
$36M
$0.70
N/A
N/A
N/A
Growing
MYGN
— Myriad Genetics, Inc. - Common Stock
$299M
$3.17
N/A
N/A
N/A
Stable
NEO
— Neogenomics, Inc. - Common Stock
$2.3B
$17.58
N/A
N/A
N/A
Stable
NTRA
— Natera, Inc. - Common Stock
$46.4B
$324.17
N/A
N/A
N/A
Stable
OPK
— Opko Health, Inc. - Common Stock
$1.2B
$1.59
N/A
N/A
N/A
Weakening
RDNT
— Radnet, Inc. - Common Stock
$5.7B
$72.00
N/A
N/A
N/A
Stable
TWST
— Twist Bioscience Corporation - Common Stock
$8.0B
$127.84
N/A
N/A
N/A
Stable
VCYT
— Veracyte, Inc. - Common Stock
$3.4B
$42.38
N/A
N/A
N/A
Growing
WGS
— Genedx Holdings Corp. - Class A Common Stock
$2.6B
$85.91
N/A
N/A
N/A
Growing
▶ Drug Manufacturers-General
(13+4 total)
13
-32.3%
-27.2%
Overvalued
3
10
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GRFS
— Grifols S.A.
ADR
$2.0B
$7.74
$70.31
+808.4%
Undervalued
Growing
GSK
— GSK Plc.
ADR
$98.2B
$48.57
$69.11
+42.3%
Undervalued
Growing
NVS
— Novartis AG Common Stock
ADR
$262.7B
$137.67
$169.84
+23.4%
Undervalued
Stable
PFE
— Pfizer
$158.4B
$27.79
$25.97
-6.5%
Overvalued
Growing
SNY
— Sanofi
ADR
$105.2B
$43.14
$39.01
-9.6%
Overvalued
Growing
AZN
— Astrazeneca Plc. Ordinary Shares
ADR
$248.2B
$160.04
$135.99
-15.0%
Overvalued
Growing
NVO
— Novo Nordisk A/S Common Stock
ADR
$151.1B
$45.17
$30.56
-32.3%
Overvalued
Stable
MRK
— Merck & Co.
$366.7B
$148.48
$86.75
-41.6%
Overvalued
Growing
JNJ
— Johnson & Johnson
$648.0B
$269.17
$94.74
-64.8%
Overvalued
Stable
GILD
— Gilead Sciences
$182.1B
$146.67
$34.30
-76.6%
Overvalued
Growing
AMGN
— Amgen
$212.2B
$393.17
$63.98
-83.7%
Overvalued
Stable
LLY
— Lilly (Eli)
$1.00T
$1124.58
$118.77
-89.4%
Overvalued
Growing
OGN
— Organon & Co. Common Stock
$3.6B
$13.75
$-25.94
-288.7%
Overvalued
—
Cannot calculate DCF
ABBV
— Abbvie
$439.5B
$248.78
N/A
N/A
N/A
Stable
AMRN
— Amarin Corp. Plc.\uk
ADR
$299M
$14.25
N/A
N/A
N/A
Stable
BIIB
— Biogen
$31.4B
$212.47
N/A
N/A
N/A
Growing
BMY
— Bristol Myers Squibb
$132.1B
$64.70
N/A
N/A
N/A
Stable
▶ Energy112
-11.6%
50 /
58 /
4
+2.7%
Overvalued
50
58
4
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Thermal Coal
(2+3 total)
2
+62.4%
+62.4%
Undervalued
2
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
NRP
— Natural Resource Partners L.P. Limited Partnership
LP
$1.5B
$113.21
$235.52
+108.0%
Undervalued
Weakening
ARLP
— Alliance Resource Partners, L.P. - Common Units Representing Limited Partnership Interests
LP
$3.4B
$26.65
$31.12
+16.8%
Undervalued
Weakening
Cannot calculate DCF
BTU
— Peabody Energy Corporation Common Stock
$3.6B
$29.48
N/A
N/A
N/A
Weakening
CNR
— Core Natural Resources, Inc. Common Stock
$5.0B
$100.17
N/A
N/A
N/A
Weakening
NC
— Nacco Industries, Inc. Common Stock
$315M
$41.80
N/A
N/A
N/A
Growing
▶ Oil & Gas E&P
(29+24 total)
29
+19.7%
+31.4%
Undervalued
17
12
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
APA
— APA Corporation
$15.4B
$43.55
$292.79
+572.3%
Undervalued
Weakening
REPX
— Riley Exploration Permian, Inc. Common Stock
$930M
$42.86
$219.42
+411.9%
Undervalued
Growing
PR
— Permian Resources Corporation Class A Common Stock
$19.8B
$23.65
$90.74
+283.7%
Undervalued
Growing
EOG
— EOG Resources
$77.4B
$145.41
$416.48
+186.4%
Undervalued
Weakening
WDS
— Woodside Energy Group Ltd.
ADR
$44.6B
$23.48
$60.91
+159.4%
Undervalued
Stable
AR
— Antero Resources Corporation Common Stock
$12.1B
$39.09
$90.54
+131.6%
Undervalued
Growing
DMLP
— Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests
LP
$1.4B
$29.43
$65.85
+123.8%
Undervalued
Weakening
MNR
— Mach Natural Resources L.P. Common Units Representing Limited Partner Interests
$2.1B
$12.70
$27.88
+119.5%
Undervalued
Stable
CNQ
— Canadian Natural Resources Limited Common Stock
Foreign
$106.2B
$50.90
$106.34
+108.9%
Undervalued
Growing
VIST
— Vista Energy, S.A.b. de C.v.
ADR
$8.5B
$75.86
$141.33
+86.3%
Undervalued
Stable
CHRD
— Chord Energy Corporation - Common Stock
$8.3B
$147.61
$268.29
+81.8%
Undervalued
Weakening
EQT
— EQT Corporation
$34.5B
$55.14
$95.07
+72.4%
Undervalued
Growing
OXY
— Occidental Petroleum
$60.3B
$60.65
$76.36
+25.9%
Undervalued
Weakening
PNRG
— Primeenergy Resources Corporation - Common Stock
$349M
$215.52
$268.78
+24.7%
Undervalued
Stable
DVN
— Devon Energy
$55.8B
$48.41
$57.93
+19.7%
Undervalued
Stable
RRC
— Range Resources Corporation Common Stock
$9.9B
$41.91
$48.45
+15.6%
Undervalued
Stable
BSM
— Black Stone Minerals, L.P. Common Units Representing Limited Partner Interests
LP
$3.2B
$14.83
$15.75
+6.2%
Undervalued
Weakening
CRC
— California Resources Corporation Common Stock
$4.9B
$55.57
$43.83
-21.1%
Overvalued
Stable
COP
— Conocophillips
$164.5B
$135.04
$103.23
-23.6%
Overvalued
Stable
SM
— SM Energy Company Common Stock
$9.1B
$37.76
$26.70
-29.3%
Overvalued
Stable
OVV
— Ovintiv Inc. DE
$18.0B
$64.10
$38.45
-40.0%
Overvalued
Weakening
GPRK
— Geopark Ltd. Common Shares
Foreign
$639M
$11.96
$6.51
-45.6%
Overvalued
Weakening
TPL
— Texas Pacific Land Corporation
$26.4B
$382.24
$187.21
-51.0%
Overvalued
Stable
MTDR
— Matador Resources Company Common Stock
$7.4B
$59.77
$18.78
-68.6%
Overvalued
Weakening
MGY
— Magnolia Oil & Gas Corporation Class A Common Stock
$5.1B
$27.43
$8.10
-70.5%
Overvalued
Weakening
FANG
— Diamondback Energy
$56.2B
$199.65
$50.32
-74.8%
Overvalued
Stable
MUR
— Murphy Oil Corporation Common Stock
$5.4B
$37.57
$-1.08
-102.9%
Overvalued
Weakening
NOG
— Northern Oil and Gas, Inc. Common Stock
$2.7B
$25.69
$-15.72
-161.2%
Overvalued
Weakening
HPK
— Highpeak Energy, Inc. - Common Stock
$1.0B
$8.13
$-5.01
-161.6%
Overvalued
Weakening
Cannot calculate DCF
AMPY
— Amplify Energy Corp. Common Stock
$204M
$4.94
N/A
N/A
N/A
Weakening
BATL
— Battalion Oil Corporation Common Stock
$29M
$1.31
N/A
N/A
N/A
Weakening
BKV
— BKV Corporation Common Stock
$2.6B
$26.75
N/A
N/A
N/A
Growing
BTE
— Baytex Energy Corp. Common Shares
Foreign
$3.5B
$4.88
N/A
N/A
N/A
Weakening
CNX
— CNX Resources Corporation Common Stock
$5.2B
$37.03
N/A
N/A
N/A
Weakening
CRGY
— Crescent Energy Company Class A Common Stock
$4.7B
$14.19
N/A
N/A
N/A
Growing
CRK
— Comstock Resources, Inc. Common Stock
$4.5B
$15.16
N/A
N/A
N/A
Growing
EGY
— Vaalco Energy, Inc. Common Stock
$651M
$6.08
N/A
N/A
N/A
Weakening
EXE
— Expand Energy
$23.5B
$98.19
N/A
N/A
N/A
Stable
GFR
— Greenfire Resources Ltd. Common Shares
Foreign
$936M
$6.24
N/A
N/A
N/A
Stable
GPOR
— Gulfport Energy Corporation Common Shares
$3.2B
$180.00
N/A
N/A
N/A
Stable
GRNT
— Granite Ridge Resources, Inc. Common Stock
$674M
$5.11
N/A
N/A
N/A
Weakening
GTE
— Gran Tierra Energy Inc. Common Stock
$361M
$10.22
N/A
N/A
N/A
Weakening
KOS
— Kosmos Energy Ltd. Common Shares DE
$1.7B
$2.85
N/A
N/A
N/A
Weakening
KRP
— Kimbell Royalty Partners Common Units Representing Limited Partner Interests
$1.5B
$15.11
N/A
N/A
N/A
Stable
OBE
— Obsidian Energy Ltd. Common Shares
Foreign
$797M
$11.94
N/A
N/A
N/A
Weakening
PROP
— Prairie Operating Co. - Common Stock
$46M
$0.47
N/A
N/A
N/A
Stable
REI
— Ring Energy, Inc. Common Stock
$386M
$1.52
N/A
N/A
N/A
Weakening
SD
— Sandridge Energy, Inc. Common Stock
$539M
$14.59
N/A
N/A
N/A
Stable
TALO
— Talos Energy, Inc. Common Stock
$2.9B
$17.18
N/A
N/A
N/A
Stable
TXO
— TXO Partners, L.P. Common Units Representing Limited Partner Interests
$835M
$15.12
N/A
N/A
N/A
Stable
VET
— Vermilion Energy Inc. Common (Canada)
Foreign
$2.0B
$13.04
N/A
N/A
N/A
Weakening
VTS
— Vitesse Energy, Inc. Common Stock
$780M
$18.02
N/A
N/A
N/A
Growing
WTI
— W&t Offshore, Inc. Common Stock
$586M
$3.94
N/A
N/A
N/A
Weakening
▶ Oil & Gas Drilling
(3+6 total)
3
+9.0%
-13.1%
Undervalued
2
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
NE
— Noble Corporation Plc. A Ordinary Shares
$7.3B
$45.91
$54.68
+19.1%
Undervalued
Stable
PDS
— Precision Drilling Corporation Common Stock
Foreign
$1.2B
$90.56
$98.75
+9.0%
Undervalued
Weakening
BORR
— Borr Drilling Limited Common Shares
Foreign
$1.4B
$4.44
$1.45
-67.3%
Overvalued
Growing
Cannot calculate DCF
HP
— Helmerich & Payne, Inc. Common Stock
$4.3B
$43.40
N/A
N/A
N/A
Weakening
NBR
— Nabors Industries Ltd.
$1.4B
$92.57
N/A
N/A
N/A
Stable
PTEN
— Patterson-uti Energy, Inc. - Common Stock
$4.8B
$12.66
N/A
N/A
N/A
Weakening
RIG
— Transocean Ltd. (Switzerland) Common Stock
$6.4B
$5.77
N/A
N/A
N/A
Stable
SDRL
— Seadrill Limited Common Shares
$3.0B
$48.15
N/A
N/A
N/A
Weakening
VAL
— Valaris Limited Common Shares
$5.9B
$85.56
N/A
N/A
N/A
Growing
▶ Oil & Gas Equipment & Services
(19+21 total)
19
+0.0%
-5.8%
Fair
7
9
3
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SND
— Smart Sand, Inc. - Common Stock
$230M
$5.36
$18.13
+238.2%
Undervalued
Stable
TDW
— Tidewater Inc. Common Stock
$4.6B
$91.98
$178.89
+94.5%
Undervalued
Growing
NOV
— NOV Inc. Common Stock
$7.7B
$21.40
$36.08
+68.6%
Undervalued
Stable
SLB
— Schlumberger
$85.4B
$57.11
$85.66
+50.0%
Undervalued
Stable
RNGR
— Ranger Energy Services, Inc. Class A Common Stock
$402M
$16.91
$23.52
+39.1%
Undervalued
Weakening
WHD
— Cactus, Inc. Class A Common Stock
$4.8B
$69.49
$76.65
+10.3%
Undervalued
Weakening
AROC
— Archrock, Inc. Common Stock
$5.8B
$33.37
$35.32
+5.8%
Undervalued
Growing
HAL
— Halliburton
$30.7B
$36.80
$37.99
+0.0%
Fair
Weakening
TS
— Tenaris S.A.
ADR
$28.7B
$56.94
$58.00
+0.0%
Fair
Weakening
USAC
— USA Compression Partners, L.P. Common Units Representing Limited Partner Interests
LP
$4.0B
$27.50
$27.87
+0.0%
Fair
Growing
FTI
— Technipfmc Plc. Ordinary Share
$31.2B
$78.13
$60.72
-22.3%
Overvalued
Growing
RES
— RPC Inc. Common Stock
$1.4B
$6.52
$4.88
-25.2%
Overvalued
Weakening
CLB
— Core Laboratories Inc. Common Stock
$575M
$12.47
$7.27
-41.7%
Overvalued
Stable
NESR
— National Energy Services Reunited Corp. - Ordinary Shares
$3.4B
$34.19
$19.19
-43.9%
Overvalued
Growing
INVX
— Innovex International, Inc. Common Stock
$2.0B
$29.80
$10.60
-64.4%
Overvalued
Growing
EFXT
— Enerflex Ltd. Common Shares
Foreign
$2.8B
$22.55
$4.78
-78.8%
Overvalued
Stable
LBRT
— Liberty Energy Inc. Class A Common Stock
$3.5B
$21.40
$0.70
-96.7%
Overvalued
Weakening
NGS
— Natural Gas Services Group, Inc. Common Stock
$466M
$37.00
$0.31
-99.2%
Overvalued
Stable
WTTR
— Select Water Solutions, Inc. Class A Common Stock
$2.6B
$20.79
$-1.44
-106.9%
Overvalued
Weakening
Cannot calculate DCF
ACDC
— Profrac Holding Corp. - Class A Common Stock
$981M
$5.42
N/A
N/A
N/A
Stable
AESI
— Atlas Energy Solutions Inc. Common Stock
$1.7B
$13.99
N/A
N/A
N/A
Stable
BKR
— Baker Hughes
$63.4B
$63.90
N/A
N/A
N/A
Growing
DTI
— Drilling Tools International Corporation - Common Stock
$91M
$2.59
N/A
N/A
N/A
Stable
FET
— Forum Energy Technologies, Inc. Common Stock
$903M
$79.87
N/A
N/A
N/A
Growing
FTK
— Flotek Industries, Inc. Common Stock
$879M
$24.30
N/A
N/A
N/A
Growing
GEOS
— Geospace Technologies Corporation - Common Stock
$69M
$5.31
N/A
N/A
N/A
Weakening
HLX
— Helix Energy Solutions Group, Inc. Common Stock
$1.6B
$10.62
N/A
N/A
N/A
Stable
KGS
— Kodiak Gas Services, Inc. Common Stock
$6.5B
$64.16
N/A
N/A
N/A
Growing
KLXE
— KLX Energy Services Holdings, Inc. - Common Stock
$31M
$1.54
N/A
N/A
N/A
Weakening
NCSM
— NCS Multistage Holdings, Inc. - Common Stock
$134M
$51.01
N/A
N/A
N/A
Growing
NINE
— Nine Energy Service, Inc. Common Stock
$146M
$10.44
N/A
N/A
N/A
Weakening
NOA
— North American Construction Group Ltd. Common Shares (No Par)
Foreign
$368M
$13.57
N/A
N/A
N/A
Weakening
OII
— Oceaneering International, Inc. Common Stock
$5.1B
$50.72
N/A
N/A
N/A
Growing
OIS
— Oil States International, Inc. Common Stock
$524M
$8.70
N/A
N/A
N/A
Weakening
PUMP
— Propetro Holding Corp. Common Stock
$1.5B
$12.03
N/A
N/A
N/A
Weakening
RCON
— Recon Technology, Ltd. - Class A Ordinary Shares
Foreign
$43M
$1.41
N/A
N/A
N/A
Stable
SEI
— Solaris Energy Infrastructure, Inc. Class A Common Stock
$4.3B
$63.95
N/A
N/A
N/A
Stable
VTOL
— Bristow Group, Inc. Common Stock
$1.3B
$43.66
N/A
N/A
N/A
Growing
WFRD
— Weatherford International Plc. - Ordinary Shares
$6.7B
$93.66
N/A
N/A
N/A
Stable
XPRO
— Expro Group Holdings N.V. Common Stock
$2.1B
$18.09
N/A
N/A
N/A
Growing
▶ Oil & Gas Integrated
(15+2 total)
15
-14.7%
+22.0%
Overvalued
7
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
EQNR
— Equinor ASA
ADR
$108.1B
$43.38
$135.53
+212.4%
Undervalued
Weakening
TGS
— Transportadora de Gas Del Sur S.A. TGS Common Stock
ADR
$2.1B
$29.62
$86.35
+191.5%
Undervalued
Growing
BP
— BP P.l.c. Common Stock
ADR
$115.6B
$44.89
$117.80
+162.4%
Undervalued
Weakening
IMO
— Imperial Oil Limited Common Stock
$63.4B
$131.09
$225.39
+71.9%
Undervalued
Weakening
EC
— Ecopetrol S.A.
ADR
$36.5B
$17.77
$30.20
+69.9%
Undervalued
Weakening
SHEL
— Shell Plc.
ADR
$264.5B
$95.34
$115.76
+21.4%
Undervalued
Weakening
TTE
— Totalenergies SE Ordinary Shares
ADR
$200.2B
$90.12
$100.47
+11.5%
Undervalued
Weakening
CVX
— Chevron Corporation
$418.2B
$209.98
$179.17
-14.7%
Overvalued
Weakening
CVE
— Cenovus Energy Inc. Common Stock
Foreign
$61.9B
$33.19
$27.21
-18.0%
Overvalued
—
SU
— Suncor Energy Inc. Common Stock
Foreign
$80.2B
$67.92
$52.88
-22.1%
Overvalued
Weakening
XOM
— Exxonmobil
$666.1B
$160.69
$83.93
-47.8%
Overvalued
Weakening
E
— ENI S.p.a. Common Stock
ADR
$81.2B
$54.88
$18.98
-65.4%
Overvalued
Weakening
PBR-A
— Petrobras - Petroleo Brasileiro S.A.
ADR
$51.4B
$18.86
$5.34
-71.7%
Overvalued
Weakening
NFG
— National Fuel Gas Company Common Stock
$8.0B
$83.86
$18.84
-77.5%
Overvalued
Growing
PBR
— Petroleo Brasileiro S.A. Petrobras ADS
ADR
$77.5B
$20.83
$3.91
-81.2%
Overvalued
Weakening
Cannot calculate DCF
DEC
— Diversified Energy Company Common Stock
$1.1B
$15.44
N/A
N/A
N/A
Weakening
YPF
— YPF Sociedad Anonima Common Stock
ADR
$20.9B
$53.10
N/A
N/A
N/A
Growing
▶ Oil & Gas Refining & Marketing
(10+8 total)
10
-40.9%
-15.1%
Overvalued
3
6
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SGU
— Star Group L.P. Common Stock
$422M
$12.84
$35.41
+175.8%
Undervalued
Stable
UGP
— Ultrapar Holdings Inc.
ADR
$8.0B
$7.44
$15.36
+106.5%
Undervalued
Stable
DINO
— HF Sinclair Corporation Common Stock
$19.6B
$108.50
$123.64
+14.0%
Undervalued
Weakening
VLO
— Valero Energy
$113.8B
$383.33
$388.88
+0.0%
Fair
Weakening
MPC
— Marathon Petroleum
$116.2B
$398.07
$294.54
-26.0%
Overvalued
Weakening
PSX
— Phillips 66
$103.9B
$259.14
$114.70
-55.7%
Overvalued
Weakening
CVI
— CVR Energy Inc. Common Stock
$4.6B
$46.14
$19.41
-57.9%
Overvalued
Weakening
CAPL
— Crossamerica Partners L.P. Common Units Representing Limited Partner Interests
LP
$884M
$23.18
$5.21
-77.5%
Overvalued
Stable
SUN
— Sunoco L.P. Common Units Representing Limited Partner Interests
LP
$14.5B
$77.07
$1.06
-98.6%
Overvalued
Growing
DKL
— Delek Logistics Partners, L.P. Common Units Representing Limited Partner Interests
LP
$3.0B
$56.01
$-17.79
-131.8%
Overvalued
Stable
Cannot calculate DCF
APC
— Arko Petroleum Corp. - Class A Common Stock
$891M
$18.73
N/A
N/A
N/A
Weakening
CLNE
— Clean Energy Fuels Corp. - Common Stock
$361M
$1.64
N/A
N/A
N/A
Stable
CSAN
— Cosan S.A. ADS
ADR
$2.9B
$3.00
N/A
N/A
N/A
Stable
DK
— Delek US Holdings, Inc. Common Stock
$4.6B
$75.67
N/A
N/A
N/A
Weakening
IEP
— Icahn Enterprises L.P. - Depositary Units Representing Limited Partner Interests
LP
$4.6B
$6.91
N/A
N/A
N/A
Stable
PARR
— Par Pacific Holdings, Inc. Common Stock
$4.1B
$82.08
N/A
N/A
N/A
Weakening
PBF
— PBF Energy Inc. Class A Common Stock
$9.0B
$76.77
N/A
N/A
N/A
Weakening
WKC
— World Kinect Corporation Common Stock
$1.8B
$35.40
N/A
N/A
N/A
Stable
▶ Oil & Gas Midstream
(32+14 total)
32
-42.1%
-20.4%
Overvalued
12
20
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
PAGP
— Plains GP Holdings, L.P. - Class A Shares Representing Limited Partner Interests
$5.6B
$28.07
$220.81
+686.6%
Undervalued
Growing
EE
— Excelerate Energy, Inc. Class A Common Stock
$1.3B
$39.29
$209.18
+432.4%
Undervalued
Growing
STNG
— Scorpio Tankers Inc. Common Shares
Foreign
$4.1B
$82.18
$230.44
+180.4%
Undervalued
Weakening
HESM
— Hess Midstream L.P. Class A Representing Limited Partner Interests
LP
$5.3B
$40.97
$104.71
+155.6%
Undervalued
Growing
PAA
— Plains All American Pipeline, L.P. - Common Units Representing Limited Partner Interests
LP
$18.3B
$25.96
$61.42
+136.6%
Undervalued
Growing
MPLX
— Mplx L.P. Common Units Representing Limited Partner Interests
LP
$60.7B
$59.86
$97.75
+63.3%
Undervalued
Growing
PBA
— Pembina Pipeline Corp. Ordinary Shares (Canada)
Foreign
$28.6B
$49.16
$74.08
+50.7%
Undervalued
Stable
NVGS
— Navigator Holdings Ltd. Ordinary Shares (Marshall Islands)
Foreign
$1.4B
$22.43
$32.50
+44.9%
Undervalued
Growing
CQP
— Cheniere Energy Partners, L.P. Common Units
LP
$33.0B
$68.09
$96.09
+41.1%
Undervalued
Weakening
AM
— Antero Midstream Corporation Common Stock
$10.9B
$22.90
$31.97
+39.6%
Undervalued
Growing
WES
— Western Midstream Partners, L.P. Common Units Representing Limited Partner Interests
LP
$19.5B
$49.45
$63.19
+27.8%
Undervalued
Stable
TRMD
— Torm Plc. - Class A Common Stock
Foreign
$3.6B
$34.94
$41.43
+18.6%
Undervalued
Weakening
LPG
— Dorian LPG Ltd. Common Stock
$2.3B
$53.46
$49.53
-7.4%
Overvalued
Weakening
TNK
— Teekay Tankers Ltd.
Foreign
$3.2B
$92.29
$84.54
-8.4%
Overvalued
Weakening
DHT
— DHT Holdings, Inc.
Foreign
$3.4B
$20.84
$14.30
-31.4%
Overvalued
Stable
LNG
— Cheniere Energy, Inc. Common Stock
$57.9B
$276.26
$174.32
-36.9%
Overvalued
Weakening
CMBT
— Cmb.tech N.V. Ordinary Shares
Foreign
$5.6B
$19.23
$10.12
-47.4%
Overvalued
Growing
EPD
— Enterprise Products Partners L.P. Common Stock
LP
$84.1B
$38.87
$16.98
-56.3%
Overvalued
Stable
OKE
— Oneok
$61.4B
$97.49
$20.26
-79.2%
Overvalued
Stable
DTM
— DT Midstream, Inc. Common Stock
$13.4B
$131.18
$15.14
-88.5%
Overvalued
Stable
TRP
— TC Energy Corporation Common Stock
Foreign
$66.1B
$63.47
$6.76
-89.3%
Overvalued
Growing
FRO
— Frontline Plc. Ordinary Shares
Foreign
$10.4B
$46.57
$4.58
-90.2%
Overvalued
Stable
KMI
— Kinder Morgan
$71.1B
$31.98
$1.98
-93.8%
Overvalued
Stable
DLNG
— Dynagas LNG Partners L.P. Common Units
LP
Foreign
$139M
$3.83
$0.20
-94.8%
Overvalued
Stable
WMB
— Williams Companies
$92.7B
$75.83
$3.29
-95.7%
Overvalued
Weakening
INSW
— International Seaways, Inc. Common Stock
$5.1B
$103.86
$-7.40
-107.1%
Overvalued
Weakening
TRGP
— Targa Resources
$63.2B
$294.28
$-68.21
-123.2%
Overvalued
Growing
KNTK
— Kinetik Holdings Inc. Class A Common Stock
$4.0B
$54.95
$-15.92
-129.0%
Overvalued
Weakening
FLNG
— Flex LNG Ltd. Ordinary Shares
Foreign
$1.7B
$31.00
$-16.05
-151.8%
Overvalued
Weakening
TEN
— Tsakos Energy Navigation Ltd. Common Shares
Foreign
$1.3B
$43.54
$-23.70
-154.4%
Overvalued
Weakening
GLP
— Global Partners L.P. Common Units Representing Limited Partner Interests
LP
$1.8B
$53.74
$-29.53
-154.9%
Overvalued
Stable
ET
— Energy Transfer L.P. Common Units
LP
$74.1B
$21.52
$-15.19
-170.6%
Overvalued
Growing
Cannot calculate DCF
BANL
— CBL International Limited - Class B Ordinary Shares
Foreign
$180M
$6.55
N/A
N/A
N/A
Stable
BWLP
— BW LPG Limited Common Shares
Foreign
$3.7B
$23.91
N/A
N/A
N/A
Stable
ENB
— Enbridge Inc. Common Stock
$110.3B
$50.50
N/A
N/A
N/A
Stable
GEL
— Genesis Energy, L.P. Common Units
LP
$1.9B
$15.84
N/A
N/A
N/A
Weakening
GLNG
— Golar LNG Limited - Common Shares
Foreign
$5.2B
$51.49
N/A
N/A
N/A
Growing
IMPP
— Imperial Petroleum Inc. - Common Shares
Foreign
$241M
$5.34
N/A
N/A
N/A
Weakening
KNOP
— Knot Offshore Partners L.P. Common Units Representing Limited Partner Interests
LP
Foreign
$398M
$11.51
N/A
N/A
N/A
Growing
MMLP
— Martin Midstream Partners L.P. - Common Units Representing Limited Partnership Interests
LP
$88M
$2.24
N/A
N/A
N/A
Weakening
NAT
— Nordic American Tankers Limited Common Stock
Foreign
$1.5B
$7.14
N/A
N/A
N/A
Weakening
NFE
— New Fortress Energy Inc. - Class A Common Stock
$74M
$0.26
N/A
N/A
N/A
Weakening
NGL
— NGL Energy Partners L.P. Common Units Representing Limited Partner Interests
LP
$2.2B
$17.70
N/A
N/A
N/A
Stable
SMC
— Summit Midstream Corporation Common Stock
$472M
$34.27
N/A
N/A
N/A
Stable
TK
— Teekay Corporation Ltd. Common Stock
Foreign
$1.2B
$13.33
N/A
N/A
N/A
Weakening
VNOM
— Viper Energy, Inc. - Class A Common Stock
$8.7B
$44.89
N/A
N/A
N/A
Stable
▶ Uranium
(2)
2
-58.4%
-58.4%
Overvalued
0
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CCJ
— Cameco Corporation Common Stock
Foreign
$44.4B
$101.95
$58.44
-42.7%
Overvalued
Growing
LEU
— Centrus Energy Corp. Class A Common Stock
$3.6B
$185.47
$48.21
-74.0%
Overvalued
Stable
▶ Consumer Cyclical224
-13.9%
90 /
119 /
15
+4.6%
Overvalued
90
119
15
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Auto & Truck Dealerships
(11+10 total)
11
+90.3%
+40.0%
Undervalued
6
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SAH
— Sonic Automotive, Inc. Common Stock
$2.4B
$76.03
$261.73
+244.2%
Undervalued
Stable
RUSHA
— Rush Enterprises, Inc. - Class A Common Stock
$3.9B
$49.79
$139.90
+181.0%
Undervalued
Weakening
RUSHB
— Rush Enterprises, Inc. - Class B Common Stock
$3.9B
$50.77
$139.90
+175.6%
Undervalued
Weakening
ABG
— Asbury Automotive Group Inc. Common Stock
$4.0B
$212.91
$558.61
+162.4%
Undervalued
Stable
CARG
— Cargurus, Inc. - Class A Common Stock
$3.0B
$32.78
$77.92
+137.7%
Undervalued
Growing
GPI
— Group 1 Automotive, Inc. Common Stock
$3.4B
$281.76
$536.17
+90.3%
Undervalued
Stable
PAG
— Penske Automotive Group, Inc. Common Stock
$14.3B
$216.86
$129.45
-40.3%
Overvalued
Weakening
LAD
— Lithia Motors, Inc. Common Stock
$8.4B
$368.77
$15.14
-95.9%
Overvalued
Stable
CVNA
— Carvana
$53.5B
$74.72
$-0.58
-100.8%
Overvalued
Growing
VVV
— Valvoline Inc. Common Stock
$3.9B
$30.60
$-6.34
-120.7%
Overvalued
Stable
AN
— Autonation, Inc. Common Stock
$7.0B
$209.30
$-102.11
-148.8%
Overvalued
Weakening
Cannot calculate DCF
ACVA
— ACV Auctions Inc. Class A Common Stock
$1.2B
$7.03
N/A
N/A
N/A
Growing
BGSI
— Boyd Group Services Inc. Common Shares
Foreign
$2.3B
$87.59
N/A
N/A
N/A
Stable
CRMT
— America's Car-mart, Inc. - Common Stock
$21M
$2.49
N/A
N/A
N/A
Stable
CWH
— Camping World Holdings, Inc. Class A Common Stock
$416M
$6.55
N/A
N/A
N/A
Weakening
DRVN
— Driven Brands Holdings Inc. - Common Stock
$2.2B
$13.24
N/A
N/A
N/A
Growing
KMX
— Carmax Inc.
$8.6B
$60.64
N/A
N/A
N/A
Stable
OPLN
— Openlane, Inc. Common Stock
$3.7B
$34.97
N/A
N/A
N/A
Growing
RDNW
— Ridenow Group, Inc. - Class B Common Stock
$219M
$5.67
N/A
N/A
N/A
Stable
SDA
— Suncar Technology Group Inc. - Ordinary Shares
Foreign
$52M
$0.51
N/A
N/A
N/A
Weakening
UXIN
— Uxin Ltd.
ADR
$262M
$1.19
N/A
N/A
N/A
Stable
▶ Recreational Vehicles
(6+4 total)
6
+74.8%
+81.2%
Undervalued
5
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
DOO
— BRP Inc. - Common Subordinate Voting Shares
Foreign
$4.6B
$63.21
$250.86
+296.9%
Undervalued
Weakening
THO
— Thor Industries, Inc. Common Stock
$3.9B
$74.08
$245.16
+230.9%
Undervalued
Weakening
HOG
— Harley-davidson, Inc. Common Stock
$2.9B
$27.18
$48.04
+76.7%
Undervalued
Weakening
PATK
— Patrick Industries, Inc. - Common Stock
$2.6B
$80.41
$138.97
+72.8%
Undervalued
Stable
MCFT
— Mastercraft Boat Holdings, Inc. - Common Stock
$572M
$23.61
$26.98
+14.3%
Undervalued
Weakening
LCII
— LCI Industries
$2.4B
$99.27
$23.32
-76.5%
Overvalued
Growing
Cannot calculate DCF
BC
— Brunswick Corporation Common Stock
$4.7B
$71.97
N/A
N/A
N/A
Weakening
MBUU
— Malibu Boats, Inc. - Common Stock
$521M
$26.51
N/A
N/A
N/A
Weakening
PII
— Polaris Inc. Common Stock
$3.5B
$61.38
N/A
N/A
N/A
Weakening
WGO
— Winnebago Industries, Inc. Common Stock
$837M
$29.69
N/A
N/A
N/A
Weakening
▶ Luxury Goods
(5+5 total)
5
+40.6%
+50.6%
Undervalued
3
1
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BRLT
— Brilliant Earth Group, Inc. - Class A Common Stock
$22M
$1.37
$6.19
+351.8%
Undervalued
Weakening
MOV
— Movado Group Inc. Common Stock
$735M
$33.09
$67.24
+103.2%
Undervalued
Weakening
SIG
— Signet Jewelers Limited Common Shares
$6.6B
$82.73
$116.32
+40.6%
Undervalued
Stable
TPR
— Tapestry, Inc.
$23.8B
$117.55
$121.63
+0.0%
Fair
Stable
ELA
— Envela Corporation Common Stock
$363M
$13.99
$1.32
-90.6%
Overvalued
Stable
Cannot calculate DCF
BGI
— Birks Group Inc. Common Stock
Foreign
$7M
$0.36
N/A
N/A
N/A
Stable
CPRI
— Capri Holdings Limited Ordinary Shares
$1.5B
$13.10
N/A
N/A
N/A
Stable
LANV
— Lanvin Group Holdings Limited Ordinary Shares
Foreign
$143M
$1.02
N/A
N/A
N/A
Weakening
LUXE
— Luxexperience B.v.
ADR
$1.0B
$7.35
N/A
N/A
N/A
Growing
REAL
— the Realreal, Inc. - Common Stock
$1.2B
$9.79
N/A
N/A
N/A
Growing
▶ Personal Services
(6+3 total)
6
+20.4%
+16.5%
Undervalued
3
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HRB
— H&r Block, Inc. Common Stock
$5.8B
$45.90
$78.28
+70.5%
Undervalued
Stable
BFAM
— Bright Horizons Family Solutions Inc. Common Stock
$3.5B
$66.64
$104.77
+57.2%
Undervalued
Growing
FTDR
— Frontdoor, Inc. - Common Stock
$5.7B
$80.96
$122.77
+51.6%
Undervalued
Growing
ROL
— Rollins, Inc.
$16.8B
$34.97
$31.15
-10.9%
Overvalued
Growing
SCI
— Service Corporation International Common Stock
$11.2B
$80.98
$59.58
-26.4%
Overvalued
Stable
CSV
— Carriage Services, Inc. Common Stock
$524M
$33.02
$18.86
-42.9%
Overvalued
Growing
Cannot calculate DCF
MED
— Medifast Inc. Common Stock
$135M
$12.16
N/A
N/A
N/A
Weakening
MRM
— Medirom Healthcare Technologies Inc. - American Depositary Share
ADR
$7M
$0.92
N/A
N/A
N/A
Weakening
RGS
— Regis Corporation - Common Stock
$71M
$28.56
N/A
N/A
N/A
Growing
▶ Auto Parts
(19+23 total)
19
+8.0%
+11.9%
Undervalued
10
8
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MLR
— Miller Industries, Inc. Common Stock
$638M
$56.01
$176.01
+214.2%
Undervalued
Stable
VC
— Visteon Corporation - Common Stock
$2.7B
$100.62
$258.66
+157.1%
Undervalued
Stable
LKQ
— LKQ Corporation - Common Stock
$6.3B
$24.91
$61.23
+145.8%
Undervalued
Weakening
BWA
— Borgwarner Inc. Common Stock
$13.6B
$66.16
$129.25
+95.4%
Undervalued
Stable
MGA
— Magna International, Inc. Common Stock
Foreign
$18.1B
$66.55
$127.03
+90.9%
Undervalued
Stable
ALV
— Autoliv, Inc. Common Stock
$8.8B
$120.25
$189.28
+57.4%
Undervalued
Growing
GNTX
— Gentex Corporation - Common Stock
$4.9B
$22.81
$35.88
+57.3%
Undervalued
Stable
CAAS
— China Automotive Systems, Inc. - Ordinary Share
Foreign
$165M
$5.48
$6.76
+23.4%
Undervalued
Stable
PLOW
— Douglas Dynamics, Inc. Common Stock
$962M
$41.59
$46.01
+10.6%
Undervalued
Growing
XPEL
— Xpel, Inc. - Common Stock
$1.4B
$49.97
$53.95
+8.0%
Undervalued
Stable
GTX
— Garrett Motion Inc. - Common Stock
$5.2B
$27.99
$27.69
+0.0%
Fair
Stable
ALSN
— Allison Transmission Holdings, Inc. Common Stock
$10.8B
$130.56
$109.77
-15.9%
Overvalued
Stable
AZO
— Autozone
$48.3B
$2951.97
$1729.81
-41.4%
Overvalued
Stable
ORLY
— O’reilly Automotive
$71.2B
$85.89
$35.51
-58.7%
Overvalued
Stable
LEA
— Lear Corporation Common Stock
$6.5B
$128.84
$51.82
-59.8%
Overvalued
Weakening
MOD
— Modine Manufacturing Company Common Stock
$10.2B
$192.28
$40.41
-79.0%
Overvalued
Weakening
DORM
— Dorman Products, Inc. - Common Stock
$3.9B
$129.19
$9.26
-92.8%
Overvalued
Growing
GPC
— Genuine Parts Company
$18.4B
$134.01
$-18.30
-113.7%
Overvalued
Stable
SMP
— Standard Motor Products, Inc. Common Stock
$879M
$39.47
$-23.04
-158.4%
Overvalued
Stable
Cannot calculate DCF
AAP
— Advance Auto Parts Inc.
$2.6B
$42.56
N/A
N/A
N/A
Stable
ADNT
— Adient Plc. Ordinary Shares
$1.5B
$18.78
N/A
N/A
N/A
Weakening
APTV
— Aptiv
$9.7B
$45.70
N/A
N/A
N/A
Stable
CPS
— Cooper-standard Holdings Inc. Common Stock
$462M
$26.01
N/A
N/A
N/A
Stable
CVGI
— Commercial Vehicle Group, Inc. - Common Stock
$107M
$3.17
N/A
N/A
N/A
Weakening
DAN
— Dana Incorporated Common Stock
$3.4B
$31.29
N/A
N/A
N/A
Stable
DCH
— Dauch Corporation Common Stock
$1.7B
$7.01
N/A
N/A
N/A
Stable
ECX
— Ecarx Holdings Inc. - Class A Ordinary Shares
Foreign
$357M
$1.00
N/A
N/A
N/A
Weakening
FOXF
— Fox Factory Holding Corp. - Common Stock
$849M
$20.24
N/A
N/A
N/A
Weakening
FRSX
— Foresight Autonomous Holdings Ltd.
ADR
$2M
$1.15
N/A
N/A
N/A
Stable
GT
— the Goodyear Tire & Rubber Company - Common Stock
$1.7B
$5.85
N/A
N/A
N/A
Weakening
HLLY
— Holley Inc. Common Stock
$360M
$2.99
N/A
N/A
N/A
Weakening
HSAI
— Hesai Group - American Depositary Share, Each ADS Represents One Class B Ordinary Share
ADR
$2.4B
$18.61
N/A
N/A
N/A
Growing
MBLY
— Mobileye Global Inc. - Class A Common Stock
$7.2B
$8.53
N/A
N/A
N/A
Weakening
MNRO
— Monro, Inc. - Common Stock
$376M
$12.52
N/A
N/A
N/A
Weakening
MPAA
— Motorcar Parts of America, Inc. - Common Stock
$221M
$11.69
N/A
N/A
N/A
Growing
MVST
— Microvast Holdings, Inc. - Common Stock
$227M
$0.68
N/A
N/A
N/A
Growing
PHIN
— Phinia Inc. Common Stock
$2.5B
$67.92
N/A
N/A
N/A
Stable
PRTS
— Carparts.com, Inc. - Common Stock
$77M
$9.50
N/A
N/A
N/A
Weakening
SRI
— Stoneridge, Inc. Common Stock
$205M
$7.27
N/A
N/A
N/A
Weakening
STRT
— Strattec Security Corporation - Common Stock
$311M
$74.39
N/A
N/A
N/A
Growing
SYPR
— Sypris Solutions, Inc. - Common Stock
$44M
$1.90
N/A
N/A
N/A
Weakening
THRM
— Gentherm Inc. - Common Stock
$1.2B
$39.23
N/A
N/A
N/A
Stable
▶ Department Stores
(2+1 total)
2
+7.1%
+7.1%
Undervalued
1
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
M
— Macy's Inc. Common Stock
$5.9B
$22.46
$27.82
+23.9%
Undervalued
Growing
DDS
— Dillard's, Inc. Common Stock
$10.1B
$645.80
$583.90
-9.6%
Overvalued
Weakening
Cannot calculate DCF
KSS
— Kohl's Corporation Common Stock
$2.1B
$18.61
N/A
N/A
N/A
Growing
▶ Residential Construction
(17+2 total)
17
+6.8%
+15.3%
Undervalued
9
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
DFH
— Dream Finders Homes, Inc. Class A Common Stock
$1.2B
$13.29
$80.54
+506.0%
Undervalued
Weakening
TMHC
— Taylor Morrison Home Corporation Common Stock
$6.8B
$72.45
$181.39
+150.4%
Undervalued
Stable
KBH
— KB Home Common Stock
$3.1B
$50.16
$116.28
+131.8%
Undervalued
Weakening
DHI
— D R Horton
$39.2B
$138.30
$284.56
+105.8%
Undervalued
Weakening
TOL
— Toll Brothers, Inc. Common Stock
$12.8B
$136.41
$273.31
+100.4%
Undervalued
Weakening
PHM
— Pultegroup
$22.9B
$120.07
$227.41
+89.4%
Undervalued
Weakening
NVR
— NVR Inc.
$16.6B
$6131.99
$10657.45
+73.8%
Undervalued
Weakening
CVCO
— Cavco Industries, Inc. - Common Stock
$4.2B
$547.69
$745.63
+36.1%
Undervalued
Stable
IBP
— Installed Building Products, Inc. Common Stock
$6.1B
$227.85
$243.28
+6.8%
Undervalued
Growing
MHO
— M/I Homes, Inc. Common Stock
$3.7B
$143.42
$118.98
-17.0%
Overvalued
Weakening
BZH
— Beazer Homes USA Inc. Common Stock
$909M
$33.25
$10.87
-67.3%
Overvalued
Weakening
MTH
— Meritage Homes Corporation Common Stock
$4.3B
$64.35
$17.41
-72.9%
Overvalued
Weakening
GRBK
— Green Brick Partners, Inc. Common Stock
$3.0B
$70.28
$18.23
-74.1%
Overvalued
Growing
HOV
— Hovnanian Enterprises, Inc. Class A Common Stock
$718M
$122.67
$16.89
-86.2%
Overvalued
Stable
LEGH
— Legacy Housing Corporation - Common Stock
$655M
$27.56
$1.44
-94.8%
Overvalued
Weakening
LEN
— Lennar
$19.4B
$80.35
$-8.64
-110.8%
Overvalued
Weakening
LEN.B
— Lennar Corporation Class B
$19.0B
$78.95
$-8.64
-110.9%
Overvalued
Weakening
Cannot calculate DCF
LGIH
— LGI Homes, Inc. - Common Stock
$1.2B
$53.29
N/A
N/A
N/A
Weakening
SKY
— Champion Homes, Inc. Common Stock
$4.6B
$84.64
N/A
N/A
N/A
Growing
▶ Gambling
(5+7 total)
5
+5.2%
+1.8%
Undervalued
3
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SGHC
— Super Group (Sghc) Limited Ordinary Shares
Foreign
$7.1B
$13.94
$21.83
+56.6%
Undervalued
Stable
RSI
— Rush Street Interactive, Inc. Class A Common Stock
$2.8B
$27.05
$41.02
+51.6%
Undervalued
Growing
CDRO
— Codere Online Luxembourg, S.A. - Ordinary Shares
Foreign
$417M
$9.18
$9.66
+5.2%
Undervalued
Growing
ACEL
— Accel Entertainment, Inc.
$952M
$11.70
$8.43
-27.9%
Overvalued
Growing
CHDN
— Churchill Downs, Incorporated - Common Stock
$6.0B
$85.83
$20.07
-76.6%
Overvalued
Stable
Cannot calculate DCF
BRAG
— Bragg Gaming Group Inc. - Common Shares
Foreign
$34M
$1.33
N/A
N/A
N/A
Growing
BRSL
— Brightstar Lottery Plc. Trading Under the Legal Name To Begin AT the Market Open On July 21, 2025. Ordinary Shares
Foreign
$2.1B
$11.12
N/A
N/A
N/A
Weakening
DKNG
— Draftkings Inc. - Class A Common Stock
$11.9B
$23.89
N/A
N/A
N/A
Growing
FLUT
— Flutter Entertainment Plc. Ordinary Shares
$17.4B
$100.63
N/A
N/A
N/A
Stable
GAMB
— Gambling.com Group Limited - Ordinary Shares
Foreign
$65M
$1.84
N/A
N/A
N/A
Stable
INSE
— Inspired Entertainment, Inc. - Common Stock
$146M
$5.48
N/A
N/A
N/A
Stable
MRDN
— Meridian Holdings Inc. - Common Stock
$167M
$13.26
N/A
N/A
N/A
Stable
▶ Specialty Retail
(16+20 total)
16
+0.0%
+21.4%
Fair
7
7
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BWMX
— Betterware de Mexico, S.A.p.i. de C.v. Ordinary Shares
Foreign
$576M
$15.46
$73.01
+372.3%
Undervalued
Stable
ARHS
— Arhaus, Inc. - Class A Common Stock
$1.2B
$8.46
$20.59
+143.4%
Undervalued
Weakening
BBWI
— Bath & Body Works, Inc.
$3.8B
$18.91
$38.85
+105.4%
Undervalued
Stable
BBW
— Build-a-bear Workshop, Inc. Common Stock
$367M
$29.09
$58.26
+100.3%
Undervalued
Stable
MNSO
— Miniso Group Holding Ltd.
ADR
$2.9B
$9.36
$16.30
+74.1%
Undervalued
Stable
SBH
— Sally Beauty Holdings, Inc. (Name To Be Changed From Sally Holdings, Inc.) Common Stock
$1.5B
$16.15
$25.23
+56.2%
Undervalued
Growing
BBY
— Best Buy
$18.8B
$89.33
$112.49
+25.9%
Undervalued
Stable
ULTA
— Ulta Beauty
$23.7B
$549.03
$543.88
+0.0%
Fair
Weakening
WSM
— Williams-sonoma, Inc.
$26.8B
$227.98
$220.80
+0.0%
Fair
Growing
TSCO
— Tractor Supply
$18.5B
$35.28
$30.42
-13.8%
Overvalued
Stable
FIVE
— Five Below, Inc. - Common Stock
$14.0B
$253.87
$189.29
-25.4%
Overvalued
Stable
MUSA
— Murphy USA Inc. Common Stock
$9.6B
$517.23
$363.22
-29.8%
Overvalued
Weakening
CASY
— Casey's
$27.1B
$734.76
$239.35
-67.4%
Overvalued
Growing
RH
— RH Common Stock
$2.7B
$142.45
$42.10
-70.4%
Overvalued
Stable
DKS
— Dick's Sporting Goods Inc. Common Stock
$11.7B
$132.36
$38.73
-70.7%
Overvalued
Weakening
ASO
— Academy Sports and Outdoors, Inc. - Common Stock
$2.8B
$44.78
$6.49
-85.5%
Overvalued
Weakening
Cannot calculate DCF
ABLV
— Able View Global Inc. - Class B Ordinary Shares
Foreign
$46M
$0.93
N/A
N/A
N/A
Stable
ARKO
— Arko Corp. - Common Stock
$528M
$4.71
N/A
N/A
N/A
Stable
BARK
— Bark, Inc. Class A Common Stock
$84M
$9.71
N/A
N/A
N/A
Weakening
BNED
— Barnes & Noble Education, Inc. Common Stock
$422M
$12.26
N/A
N/A
N/A
Stable
BQ
— Boqii Holding Limited Class A Ordinary Shares
ADR
$4M
$0.90
N/A
N/A
N/A
Stable
CHPT
— Chargepoint Holdings, Inc. Common Stock
$243M
$9.37
N/A
N/A
N/A
Stable
EVGO
— Evgo Inc. - Common Stock
$195M
$1.39
N/A
N/A
N/A
Growing
EYE
— National Vision Holdings, Inc. - Common Stock
$1.4B
$17.00
N/A
N/A
N/A
Growing
FLWS
— 1-800-flowers.com, Inc. - Class A Common Stock
$235M
$3.67
N/A
N/A
N/A
Weakening
GME
— Gamestop Corporation Common Stock
$8.5B
$18.89
N/A
N/A
N/A
Growing
GRWG
— Growgeneration Corp. - Common Stock
$99M
$1.64
N/A
N/A
N/A
Weakening
HTLM
— Homestolife Ltd. - Ordinary Shares
Foreign
$152M
$1.64
N/A
N/A
N/A
Stable
HZO
— Marinemax, Inc. FL Common Stock
$1.1B
$52.17
N/A
N/A
N/A
Weakening
LESL
— Leslie's, Inc. - Common Stock
$5M
$0.54
N/A
N/A
N/A
Weakening
OLPX
— Olaplex Holdings, Inc. - Common Stock
$1.4B
$2.08
N/A
N/A
N/A
Weakening
ONEW
— Onewater Marine Inc. - Class A Common Stock
$198M
$11.89
N/A
N/A
N/A
Weakening
SPWH
— Sportsman's Warehouse Holdings, Inc. - Common Stock
$49M
$1.27
N/A
N/A
N/A
Stable
SVV
— Savers Value Village, Inc. Common Stock
$1.6B
$10.23
N/A
N/A
N/A
Stable
TKLF
— Tokyo Lifestyle Co., Ltd.
ADR
$7M
$1.69
N/A
N/A
N/A
Weakening
WOOF
— Petco Health and Wellness Company, Inc. - Class A Common Stock
$744M
$2.61
N/A
N/A
N/A
Stable
▶ Internet Retail
(13+14 total)
13
+0.0%
+8.8%
Fair
6
6
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
PDD
— PDD Holdings Inc.
ADR
$113.5B
$79.75
$274.87
+244.7%
Undervalued
Stable
ETSY
— Etsy, Inc. Common Stock
$6.9B
$72.81
$159.22
+118.7%
Undervalued
Stable
CART
— Maplebear Inc. - Common Stock
$11.3B
$48.01
$94.34
+96.5%
Undervalued
Growing
SE
— Sea Ltd.
ADR
$67.5B
$113.36
$186.40
+64.4%
Undervalued
Growing
CHWY
— Chewy, Inc. Class A Common Stock
$9.5B
$23.27
$34.57
+48.6%
Undervalued
Growing
LQDT
— Liquidity Services, Inc. - Common Stock
$1.3B
$41.53
$50.35
+21.2%
Undervalued
Stable
RVLV
— Revolve Group, Inc. Class A Common Stock
$1.4B
$20.14
$19.96
+0.0%
Fair
Growing
JD
— Jd.com, Inc.
ADR
$34.5B
$27.66
$22.12
-20.0%
Overvalued
Stable
CPNG
— Coupang, Inc. Class A Common Stock
$26.6B
$14.81
$5.02
-66.1%
Overvalued
Stable
MELI
— Mercadolibre, Inc. - Common Stock
$97.7B
$1926.41
$351.81
-81.7%
Overvalued
Growing
BABA
— Alibaba Group Holding Ltd.
ADR
$270.5B
$112.69
$19.71
-82.5%
Overvalued
Growing
EBAY
— Ebay Inc.
$46.4B
$104.60
$13.51
-87.1%
Overvalued
Weakening
AMZN
— Amazon
$2.76T
$256.97
$6.42
-97.5%
Overvalued
Growing
Cannot calculate DCF
BZUN
— Baozun Inc.
ADR
$163M
$2.81
N/A
N/A
N/A
Stable
DASH
— Doordash
$87.3B
$200.44
N/A
N/A
N/A
Growing
GLBE
— Global-e Online Ltd. - Ordinary Shares
Foreign
$6.2B
$36.94
N/A
N/A
N/A
Growing
HEPS
— D-market Electronic Services & Trading
ADR
$943M
$2.64
N/A
N/A
N/A
Weakening
HOUR
— Hour Loop, Inc. - Common Stock
$67M
$1.91
N/A
N/A
N/A
Growing
JMIA
— Jumia Technologies AG
ADR
$904M
$7.26
N/A
N/A
N/A
Stable
JWEL
— Jowell Global Ltd. - Ordinary Shares
Foreign
$5M
$2.13
N/A
N/A
N/A
Growing
NEGG
— Newegg Commerce, Inc. - Common Shares
Foreign
$319M
$15.23
N/A
N/A
N/A
Stable
RERE
— Atrenew Inc.
ADR
$536M
$4.07
N/A
N/A
N/A
Growing
TDUP
— Thredup Inc. - Class A Common Stock
$343M
$2.66
N/A
N/A
N/A
Stable
VIPS
— Vipshop Holdings Ltd.
ADR
$5.3B
$13.05
N/A
N/A
N/A
Weakening
W
— Wayfair Inc. Class A Common Stock
$13.2B
$99.95
N/A
N/A
N/A
Stable
YJ
— Yunji Inc. - American Depository Shares
ADR
$10M
$1.94
N/A
N/A
N/A
Weakening
ZKH
— ZKH Group Ltd.
ADR
$383M
$2.96
N/A
N/A
N/A
Stable
▶ Leisure
(9+13 total)
9
+0.0%
+7.0%
Fair
4
3
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HERE
— Here Group Ltd.
ADR
$73M
$1.92
$10.81
+463.0%
Undervalued
Stable
MAT
— Mattel, Inc. - Common Stock
$4.1B
$14.15
$27.91
+97.2%
Undervalued
Stable
YETI
— Yeti Holdings, Inc. Common Stock
$3.1B
$40.73
$67.77
+66.4%
Undervalued
Weakening
AS
— Amer Sports, Inc. Ordinary Shares
Foreign
$16.6B
$28.70
$34.34
+19.7%
Undervalued
Growing
ESCA
— Escalade, Incorporated - Common Stock
$286M
$20.73
$20.77
+0.0%
Fair
Stable
PLNT
— Planet Fitness, Inc. Common Stock
$3.9B
$49.88
$49.19
+0.0%
Fair
Growing
GOLF
— Acushnet Holdings Corp. Common Stock
$5.0B
$85.81
$17.00
-80.2%
Overvalued
Weakening
LTH
— Life Time Group Holdings, Inc. Common Stock
$9.5B
$42.49
$-0.38
-100.9%
Overvalued
Growing
PRKS
— United Parks & Resorts Inc. Common Stock
$1.9B
$40.91
$-15.90
-138.9%
Overvalued
Weakening
Cannot calculate DCF
AOUT
— American Outdoor Brands, Inc. - Common Stock
$184M
$14.77
N/A
N/A
N/A
Weakening
CALY
— Callaway Golf Company Common Stock
$2.8B
$15.56
N/A
N/A
N/A
Stable
CLAR
— Clarus Corporation - Common Stock
$143M
$3.72
N/A
N/A
N/A
Weakening
FNKO
— Funko, Inc. - Class A Common Stock
$318M
$5.69
N/A
N/A
N/A
Stable
FUN
— Six Flags Entertainment Corporation Common Stock New
LP
$1.5B
$15.75
N/A
N/A
N/A
Stable
HAS
— Hasbro
$12.8B
$90.26
N/A
N/A
N/A
Stable
JAKK
— Jakks Pacific, Inc. - Common Stock
$279M
$24.39
N/A
N/A
N/A
Weakening
JOUT
— Johnson Outdoors Inc. - Class A Common Stock
$483M
$46.09
N/A
N/A
N/A
Weakening
LUCK
— Lucky Strike Entertainment Corporation Class A Common Stock
$792M
$5.81
N/A
N/A
N/A
Stable
OSW
— Onespaworld Holdings Limited - Common Shares
$2.2B
$22.12
N/A
N/A
N/A
Growing
PLBY
— Playboy, Inc. - Common Stock
$137M
$1.18
N/A
N/A
N/A
Stable
PTON
— Peloton Interactive, Inc. - Common Stock
$2.2B
$5.04
N/A
N/A
N/A
Stable
XPOF
— Xponential Fitness, Inc. Class A Common Stock
$201M
$4.80
N/A
N/A
N/A
Stable
▶ Furnishings, Fixtures & Appliances
(10+14 total)
10
+0.0%
-0.7%
Fair
4
4
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
LZB
— La-z-boy Incorporated Common Stock
$1.3B
$31.66
$82.48
+160.5%
Undervalued
Stable
ETD
— Ethan Allen Interiors Inc. Common Stock
$552M
$21.71
$35.48
+63.4%
Undervalued
Weakening
HNI
— HNI Corporation Common Stock
$3.5B
$48.20
$54.37
+12.8%
Undervalued
Stable
FLXS
— Flexsteel Industries, Inc. - Common Stock
$344M
$84.48
$94.17
+11.5%
Undervalued
Growing
LOVE
— the Lovesac Company - Common Stock
$236M
$16.12
$15.97
+0.0%
Fair
Weakening
TILE
— Interface, Inc. - Common Stock
$2.1B
$35.43
$33.84
+0.0%
Fair
Growing
VIRC
— Virco Manufacturing Corporation - Common Stock
$99M
$6.29
$4.57
-27.3%
Overvalued
Weakening
SGI
— Somnigroup International Inc. Common Stock
$14.6B
$69.57
$49.14
-29.4%
Overvalued
Stable
HBB
— Hamilton Beach Brands Holding Company Class A Common Stock
$417M
$30.81
$4.17
-86.5%
Overvalued
Stable
KEQU
— Kewaunee Scientific Corporation - Common Stock
$103M
$35.90
$-4.20
-111.7%
Overvalued
Growing
Cannot calculate DCF
BSET
— Bassett Furniture Industries, Incorporated - Common Stock
$158M
$18.30
N/A
N/A
N/A
Growing
COOK
— Traeger, Inc. Common Stock
$139M
$50.49
N/A
N/A
N/A
Weakening
FGI
— FGI Industries Ltd. - Ordinary Shares
$14M
$7.38
N/A
N/A
N/A
Weakening
HOFT
— Hooker Furnishings Corporation - Common Stock
$139M
$12.89
N/A
N/A
N/A
Weakening
LCUT
— Lifetime Brands, Inc. - Common Stock
$203M
$8.90
N/A
N/A
N/A
Weakening
LEG
— Leggett & Platt, Incorporated Common Stock
$1.3B
$9.20
N/A
N/A
N/A
Stable
MBC
— Masterbrand, Inc. Common Stock
$1.0B
$8.16
N/A
N/A
N/A
Weakening
MHK
— Mohawk Industries, Inc. Common Stock
$7.9B
$129.75
N/A
N/A
N/A
Stable
MLKN
— Millerknoll, Inc. - Common Stock
$1.5B
$22.21
N/A
N/A
N/A
Stable
NTZ
— Natuzzi, S.p.a.
Foreign
$14M
$1.26
N/A
N/A
N/A
Weakening
PRPL
— Purple Innovation, Inc. - Common Stock
$414M
$3.80
N/A
N/A
N/A
Stable
SNBR
— Sleep Number Corporation - Common Stock
$3M
$0.12
N/A
N/A
N/A
Stable
VIOT
— Viomi Technology Co., Ltd.
ADR
$77M
$1.15
N/A
N/A
N/A
Growing
WHR
— Whirlpool Corporation Common Stock
$2.4B
$37.63
N/A
N/A
N/A
Weakening
▶ Apparel Manufacturing
(12+8 total)
12
+0.0%
+53.4%
Fair
5
5
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GIII
— G-iii Apparel Group, Ltd. - Common Stock
$1.2B
$27.59
$157.68
+471.5%
Undervalued
Weakening
GOOS
— Canada Goose Holdings Inc. Subordinate Voting Shares
Foreign
$752M
$7.74
$29.22
+277.5%
Undervalued
Stable
OXM
— Oxford Industries, Inc. Common Stock
$471M
$31.57
$93.34
+195.7%
Undervalued
Weakening
PVH
— PVH Corp. Common Stock
$3.3B
$71.22
$172.32
+142.0%
Undervalued
Weakening
ZGN
— Ermenegildo Zegna N.V. Ordinary Shares
Foreign
$3.2B
$12.04
$23.32
+93.7%
Undervalued
Growing
KTB
— Kontoor Brands, Inc. Common Stock
$3.9B
$70.51
$72.56
+0.0%
Fair
Stable
NCI
— Neo-concept International Group Holdings Limited - Class A Ordinary Shares
Foreign
$32M
$13.67
$14.00
+0.0%
Fair
Stable
LEVI
— Levi Strauss & Co. Class A Common Stock
$8.0B
$20.84
$18.22
-12.6%
Overvalued
Growing
GIL
— Gildan Activewear, Inc. Class A Sub. Vot. Common Stock
Foreign
$9.5B
$51.57
$39.49
-23.4%
Overvalued
Stable
COLM
— Columbia Sportswear Company - Common Stock
$3.0B
$57.71
$42.48
-26.4%
Overvalued
Weakening
RL
— Ralph Lauren Corporation
$20.7B
$347.71
$214.52
-38.3%
Overvalued
Growing
FIGS
— Figs, Inc. Class A Common Stock
$2.3B
$13.68
$1.31
-90.4%
Overvalued
Growing
Cannot calculate DCF
JRSH
— Jerash Holdings US Inc. - Common Stock
$69M
$5.40
N/A
N/A
N/A
Growing
LAKE
— Lakeland Industries, Inc. - Common Stock
$114M
$11.53
N/A
N/A
N/A
Weakening
PLCE
— Children's Place, Inc. (the) - Common Stock
$62M
$2.79
N/A
N/A
N/A
Stable
SGC
— Superior Group of Companies, Inc. - Common Stock
$196M
$12.52
N/A
N/A
N/A
Stable
UA
— Under Armour, Inc. Class C Common Stock
$2.1B
$4.95
N/A
N/A
N/A
Weakening
UAA
— Under Armour, Inc. Class A Common Stock
$2.2B
$5.07
N/A
N/A
N/A
Weakening
VFC
— V.f. Corporation Common Stock
$5.2B
$13.21
N/A
N/A
N/A
Stable
VNCE
— Vince Holding Corp. - Common Stock
$80M
$6.19
N/A
N/A
N/A
Stable
▶ Travel Services
(12+4 total)
12
-0.5%
+25.3%
Fair
6
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
TRIP
— Tripadvisor, Inc. - Common Stock
$1.1B
$9.09
$35.01
+285.1%
Undervalued
Growing
NCLH
— Norwegian Cruise Line Holdings
$7.1B
$15.39
$43.70
+184.0%
Undervalued
Growing
EXPE
— Expedia Group
$32.9B
$274.46
$607.02
+121.2%
Undervalued
Growing
TCOM
— Trip.com Group Ltd.
ADR
$27.9B
$40.49
$73.74
+82.1%
Undervalued
Growing
BKNG
— Booking Holdings
$142.8B
$180.34
$279.28
+54.9%
Undervalued
Growing
ABNB
— Airbnb
$103.6B
$174.54
$192.95
+10.5%
Undervalued
Stable
VIK
— Viking Holdings Ltd. Ordinary Shares
Foreign
$38.8B
$88.05
$77.97
-11.4%
Overvalued
Growing
MMYT
— Makemytrip Limited - Ordinary Shares
Foreign
$5.1B
$53.90
$31.47
-41.6%
Overvalued
Stable
TNL
— Travel Leisure Co. Common Stock
$4.0B
$64.82
$32.80
-49.4%
Overvalued
Stable
RCL
— Royal Caribbean Group
$70.9B
$264.48
$112.15
-57.6%
Overvalued
Growing
PRSU
— Pursuit Attractions and Hospitality, Inc. Common Stock
$1.3B
$47.74
$10.78
-77.4%
Overvalued
Stable
GBTG
— Global Business Travel Group, Inc. Class A Common Stock
$4.9B
$9.48
$-1.10
-111.6%
Overvalued
Growing
Cannot calculate DCF
CCL
— Carnival Corporation
$31.8B
$23.21
N/A
N/A
N/A
Growing
LIND
— Lindblad Expeditions Holdings Inc. - Common Stock
$1.7B
$26.57
N/A
N/A
N/A
Growing
TOUR
— Tuniu Corp.
ADR
$48M
$4.92
N/A
N/A
N/A
Stable
YTRA
— Yatra Online, Inc. - Ordinary Shares
Foreign
$65M
$1.01
N/A
N/A
N/A
Stable
▶ Apparel Retail
(13+14 total)
13
-24.4%
+19.2%
Overvalued
5
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
LULU
— Lululemon Athletica
$11.8B
$103.21
$336.17
+225.7%
Undervalued
Growing
CAL
— Caleres, Inc. Common Stock
$404M
$12.08
$36.39
+201.2%
Undervalued
Weakening
BKE
— Buckle, Inc. (the) Common Stock
$2.2B
$41.98
$88.06
+109.8%
Undervalued
Weakening
ANF
— Abercrombie & Fitch Company Common Stock
$6.7B
$151.43
$251.37
+66.0%
Undervalued
Growing
AEO
— American Eagle Outfitters, Inc. Common Stock
$2.9B
$17.22
$20.11
+16.8%
Undervalued
Stable
TJX
— TJX Companies
$142.4B
$128.93
$108.38
-15.9%
Overvalued
Growing
URBN
— Urban Outfitters, Inc. - Common Stock
$6.8B
$79.44
$60.08
-24.4%
Overvalued
Growing
ROST
— Ross Stores
$73.6B
$229.31
$172.33
-24.8%
Overvalued
Growing
BOOT
— Boot Barn Holdings, Inc. Common Stock
$4.6B
$152.58
$103.18
-32.4%
Overvalued
Growing
VSXY
— Victorias Secret & Co. Common Stock
$6.2B
$78.41
$34.57
-55.9%
Overvalued
Growing
DXLG
— Destination XL Group, Inc. - Common Stock
$37M
$0.67
$0.27
-59.7%
Overvalued
Weakening
JILL
— J Jill, Inc. Common Stock
$295M
$19.72
$7.60
-61.5%
Overvalued
Weakening
BURL
— Burlington Stores, Inc. Common Stock
$16.1B
$255.47
$79.48
-68.9%
Overvalued
Growing
Cannot calculate DCF
AKA
— A.k.a. Brands Holding Corp. Common Stock
$116M
$10.73
N/A
N/A
N/A
—
CATO
— Cato Corporation (the) Class A Common Stock
$51M
$2.56
N/A
N/A
N/A
Weakening
CRI
— Carter's, Inc. Common Stock
$1.2B
$32.28
N/A
N/A
N/A
Weakening
CTRN
— Citi Trends, Inc. - Common Stock
$580M
$69.36
N/A
N/A
N/A
Growing
CURV
— Torrid Holdings Inc. Common Stock
$264M
$2.50
N/A
N/A
N/A
Stable
DLTH
— Duluth Holdings Inc. - Class B Common Stock
$169M
$4.45
N/A
N/A
N/A
Stable
GAP
— Gap, Inc. (the) Common Stock
$8.1B
$22.41
N/A
N/A
N/A
Growing
GCO
— Genesco Inc. Common Stock
$386M
$34.74
N/A
N/A
N/A
Stable
LE
— Lands' End, Inc. - Common Stock
$336M
$10.90
N/A
N/A
N/A
Growing
LVLU
— Lulu's Fashion Lounge Holdings, Inc. - Common Stock
$34M
$11.81
N/A
N/A
N/A
Stable
RENT
— Rent the Runway, Inc. - Class A Common Stock
$107M
$3.21
N/A
N/A
N/A
Growing
SFIX
— Stitch Fix, Inc. - Class A Common Stock
$396M
$2.97
N/A
N/A
N/A
Stable
TLYS
— Tilly's, Inc. Common Stock
$126M
$4.14
N/A
N/A
N/A
Weakening
ZUMZ
— Zumiez Inc. - Common Stock
$301M
$17.67
N/A
N/A
N/A
Growing
▶ Home Improvement Retail
(3+3 total)
3
-32.3%
-39.0%
Overvalued
0
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
LOW
— Lowe's
$112.6B
$200.77
$180.00
-10.3%
Overvalued
Stable
HD
— Home Depot (the)
$312.8B
$313.69
$212.43
-32.3%
Overvalued
Weakening
FND
— Floor & Decor Holdings, Inc. Common Stock
$5.2B
$47.91
$12.22
-74.5%
Overvalued
Stable
Cannot calculate DCF
HVT
— Haverty Furniture Companies, Inc. Common Stock
$450M
$27.94
N/A
N/A
N/A
Weakening
HVT.A
— Haverty Furniture Companies, Inc. Common Stock
$676M
$41.98
N/A
N/A
N/A
Weakening
LIVE
— Live Ventures Incorporated - Common Stock
$29M
$9.41
N/A
N/A
N/A
Growing
▶ Restaurants
(23+17 total)
23
-39.3%
-28.6%
Overvalued
6
15
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
RICK
— RCI Hospitality Holdings, Inc. - Common Stock
$221M
$28.86
$71.92
+149.2%
Undervalued
Weakening
WEN
— Wendy's Company (the) - Common Stock
$1.5B
$7.62
$17.23
+126.1%
Undervalued
Weakening
BDL
— Flanigan's Enterprises, Inc. Common Stock
$85M
$45.67
$71.17
+55.8%
Undervalued
Stable
DPZ
— Domino's
$11.2B
$335.29
$481.13
+43.5%
Undervalued
Growing
YUMC
— Yum China Holdings, Inc. Common Stock
$15.2B
$43.36
$58.08
+33.9%
Undervalued
Growing
LOCO
— El Pollo Loco Holdings, Inc. - Common Stock
$462M
$15.18
$18.19
+19.8%
Undervalued
Growing
EAT
— Brinker International, Inc. Common Stock
$9.5B
$222.51
$228.73
+0.0%
Fair
Growing
NATH
— Nathan's Famous, Inc. - Common Stock
$403M
$98.40
$97.46
+0.0%
Fair
Stable
CMG
— Chipotle Mexican Grill
$47.4B
$36.96
$26.98
-27.0%
Overvalued
Growing
TXRH
— Texas Roadhouse, Inc. - Common Stock
$12.0B
$182.75
$125.22
-31.5%
Overvalued
Growing
CAKE
— the Cheesecake Factory Incorporated - Common Stock
$5.3B
$107.21
$65.53
-38.9%
Overvalued
Growing
QSR
— Restaurant Brands International Inc. Common Shares
$27.2B
$78.27
$47.52
-39.3%
Overvalued
Stable
GTIM
— Good Times Restaurants Inc. - Common Stock
$16M
$1.49
$0.82
-45.0%
Overvalued
Weakening
WING
— Wingstop Inc. - Common Stock
$3.0B
$109.42
$54.61
-50.1%
Overvalued
Growing
YUM
— Yum! Brands
$41.2B
$149.59
$67.55
-54.8%
Overvalued
Stable
PZZA
— Papa John's International, Inc. - Common Stock
$750M
$22.79
$6.01
-73.6%
Overvalued
Weakening
DIN
— Dine Brands Global, Inc. Common Stock
$391M
$30.82
$6.98
-77.4%
Overvalued
Weakening
BJRI
— Bj's Restaurants, Inc. - Common Stock
$1.3B
$61.07
$10.65
-82.6%
Overvalued
Growing
SHAK
— Shake Shack, Inc. Class A Common Stock
$2.7B
$67.44
$5.96
-91.2%
Overvalued
Growing
CBRL
— Cracker Barrel Old Country Store, Inc. - Common Stock
$1.2B
$52.76
$1.92
-96.4%
Overvalued
Stable
CAVA
— Cava Group, Inc. Common Stock
$7.0B
$60.21
$-1.87
-103.1%
Overvalued
Growing
FWRG
— First Watch Restaurant Group, Inc. - Common Stock
$757M
$12.28
$-3.96
-132.2%
Overvalued
Weakening
ARCO
— Arcos Dorados Holdings Inc. Class A Shares
Foreign
$1.7B
$8.19
$-3.57
-143.6%
Overvalued
Growing
Cannot calculate DCF
ARKR
— Ark Restaurants Corp. - Common Stock
$18M
$5.13
N/A
N/A
N/A
Weakening
BH
— Biglari Holdings Inc. Class B Common Stock
$1.2B
$369.20
N/A
N/A
N/A
Stable
BH.A
— Biglari Holdings Inc. Class A Common Stock
$5.6B
$1775.41
N/A
N/A
N/A
Stable
BLMN
— Bloomin' Brands, Inc. - Common Stock
$822M
$9.60
N/A
N/A
N/A
Weakening
CHA
— Chagee Holdings Ltd.
ADR
$1.6B
$12.59
N/A
N/A
N/A
Weakening
CNNE
— Cannae Holdings, Inc. Common Stock
$683M
$15.55
N/A
N/A
N/A
Weakening
DRI
— Darden Restaurants
$24.4B
$212.83
N/A
N/A
N/A
Growing
GENK
— GEN Restaurant Group, Inc. - Class A Common Stock
$10M
$1.89
N/A
N/A
N/A
Weakening
JACK
— Jack In the Box Inc. - Common Stock
$289M
$15.14
N/A
N/A
N/A
Weakening
KRUS
— Kura Sushi USA Inc. - Class A Common Stock
$540M
$44.44
N/A
N/A
N/A
Stable
MCD
— McDonald's
$181.7B
$255.82
N/A
N/A
N/A
Stable
NDLS
— Noodles & Company - Class A Common Stock
$87M
$14.79
N/A
N/A
N/A
Stable
PTLO
— Portillo's Inc. - Class A Common Stock
$320M
$4.42
N/A
N/A
N/A
Stable
RRGB
— Red Robin Gourmet Burgers, Inc. - Common Stock
$155M
$8.40
N/A
N/A
N/A
Weakening
SG
— Sweetgreen, Inc. Class A Common Stock
$827M
$6.96
N/A
N/A
N/A
Stable
STKS
— the ONE Group Hospitality, Inc. - Common Stock
$52M
$1.65
N/A
N/A
N/A
Weakening
THCH
— TH International Limited - Ordinary Shares
Foreign
$40M
$1.25
N/A
N/A
N/A
Weakening
▶ Packaging & Containers
(14+5 total)
14
-45.2%
-45.1%
Overvalued
3
10
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CCK
— Crown Holdings, Inc.
$12.6B
$113.20
$190.78
+68.5%
Undervalued
Growing
SLGN
— Silgan Holdings Inc. Common Stock
$4.2B
$39.30
$63.77
+62.3%
Undervalued
Stable
MYE
— Myers Industries, Inc. Common Stock
$1.2B
$31.89
$34.34
+7.7%
Undervalued
Stable
AVY
— Avery Dennison
$13.1B
$170.68
$174.41
+0.0%
Fair
Growing
SON
— Sonoco Products Company Common Stock
$4.9B
$49.87
$42.83
-14.1%
Overvalued
Stable
KRT
— Karat Packaging Inc. - Common Stock
$967M
$48.45
$39.94
-17.6%
Overvalued
Weakening
REYN
— Reynolds Consumer Products Inc. - Common Stock
$4.6B
$21.86
$12.20
-44.2%
Overvalued
Stable
TRS
— Trimas Corporation - Common Stock
$1.4B
$38.71
$20.85
-46.1%
Overvalued
Stable
PKG
— Packaging Corporation of America
$20.7B
$231.99
$123.99
-46.6%
Overvalued
Stable
GEF
— Greif Inc. Class A Common Stock
$3.2B
$84.61
$4.77
-94.4%
Overvalued
Growing
GEF.B
— Greif, Inc. Corporation Class B Common Stock
$4.1B
$109.50
$4.77
-95.6%
Overvalued
Growing
BALL
— Ball Corporation
$16.2B
$61.00
$-17.74
-129.1%
Overvalued
Stable
AMCR
— Amcor
$20.5B
$44.34
$-16.27
-136.7%
Overvalued
Stable
GPK
— Graphic Packaging Holding Company
$2.9B
$9.89
$-4.55
-146.0%
Overvalued
Weakening
Cannot calculate DCF
AMBP
— Ardagh Metal Packaging S.A. Ordinary Shares
Foreign
$2.9B
$4.93
N/A
N/A
N/A
Growing
IP
— International Paper
$19.3B
$36.51
N/A
N/A
N/A
Stable
OI
— O-i Glass, Inc. Common Stock
$1.0B
$6.75
N/A
N/A
N/A
Weakening
PACK
— Ranpak Holdings Corp. Class A Common Stock
$367M
$4.29
N/A
N/A
N/A
Stable
SW
— Smurfit Westrock
$22.1B
$44.24
N/A
N/A
N/A
Stable
▶ Resorts & Casinos
(9+7 total)
9
-47.2%
-35.7%
Overvalued
2
7
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MGM
— MGM Resorts
$10.4B
$40.75
$118.81
+191.6%
Undervalued
Weakening
BYD
— Boyd Gaming Corporation Common Stock
$5.7B
$76.52
$86.92
+13.6%
Undervalued
Stable
MTN
— Vail Resorts, Inc. Common Stock
$4.7B
$132.96
$92.06
-30.8%
Overvalued
Growing
WYNN
— Wynn Resorts
$9.6B
$92.22
$55.96
-39.3%
Overvalued
Stable
MCRI
— Monarch Casino & Resort, Inc. - Common Stock
$2.1B
$119.19
$62.99
-47.2%
Overvalued
Growing
LVS
— Las Vegas Sands
$29.1B
$43.98
$17.99
-59.1%
Overvalued
Growing
HGV
— Hilton Grand Vacations Inc. Common Stock
$3.2B
$40.54
$14.26
-64.8%
Overvalued
Stable
RRR
— Red Rock Resorts, Inc. - Class A Common Stock
$3.3B
$56.12
$-19.36
-134.5%
Overvalued
Stable
PENN
— Penn Entertainment, Inc. - Common Stock
$2.3B
$16.95
$-8.66
-151.1%
Overvalued
Weakening
Cannot calculate DCF
BALY
— Bally's Corporation Common Stock
$440M
$8.99
N/A
N/A
N/A
Stable
CNTY
— Century Casinos, Inc. - Common Stock
$33M
$1.18
N/A
N/A
N/A
Stable
CZR
— Caesars Entertainment, Inc. - Common Stock
$6.0B
$29.66
N/A
N/A
N/A
Weakening
FLL
— Full House Resorts, Inc. - Common Stock
$73M
$2.01
N/A
N/A
N/A
Stable
MLCO
— Melco Resorts & Entertainment Ltd.
ADR
$2.0B
$5.14
N/A
N/A
N/A
Growing
MSC
— Studio City International Holdings Ltd.
ADR
$349M
$1.81
N/A
N/A
N/A
Growing
VAC
— Marriott Vacations Worldwide Corporation Common Stock
$3.5B
$102.28
N/A
N/A
N/A
Weakening
▶ Auto Manufacturers
(5+13 total)
5
-49.9%
+1.0%
Overvalued
1
4
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GM
— General Motors
$77.3B
$85.78
$298.75
+248.3%
Undervalued
Stable
TM
— Toyota Motor Corporation Common Stock
ADR
$226.7B
$191.40
$177.14
-7.5%
Overvalued
Stable
LI
— Li Auto Inc.
ADR
$12.7B
$12.47
$6.25
-49.9%
Overvalued
Weakening
RACE
— Ferrari N.V. Common Shares
Foreign
$71.5B
$405.64
$188.69
-53.5%
Overvalued
Growing
TSLA
— Tesla, Inc.
$1.38T
$368.18
$58.22
-84.2%
Overvalued
Weakening
Cannot calculate DCF
F
— Ford Motor Company
$55.9B
$14.02
N/A
N/A
N/A
Stable
GGR
— Gogoro Inc. - Ordinary Shares
Foreign
$53M
$2.66
N/A
N/A
N/A
Weakening
HMC
— Honda Motor Company, Ltd. Common Stock
ADR
$40.3B
$31.06
N/A
N/A
N/A
Stable
LCID
— Lucid Group, Inc. - Common Stock
$1.5B
$4.62
N/A
N/A
N/A
Stable
LOT
— Lotus Technology Inc.
ADR
$719M
$1.12
N/A
N/A
N/A
Stable
NIO
— NIO Inc.
ADR
$7.9B
$3.79
N/A
N/A
N/A
Stable
NIU
— Niu Technologies
ADR
$135M
$1.91
N/A
N/A
N/A
Stable
PSNY
— Polestar Automotive Holding UK Limited - Class A ADS
ADR
$826M
$8.93
N/A
N/A
N/A
Stable
PSNYW
— Polestar Automotive Holding UK Limited - Class C-1 ADS ADW
ADR
$436M
$4.71
N/A
N/A
N/A
Stable
RIVN
— Rivian Automotive, Inc. - Class A Common Stock
$21.7B
$16.15
N/A
N/A
N/A
Growing
STLA
— Stellantis N.V. Common Shares
Foreign
$15.6B
$5.38
N/A
N/A
N/A
Weakening
VFS
— Vinfast Auto Ltd. - Ordinary Shares
Foreign
$7.3B
$3.10
N/A
N/A
N/A
Stable
XPEV
— Xpeng Inc.
ADR
$10.4B
$10.93
N/A
N/A
N/A
Growing
▶ Footwear & Accessories
(5+6 total)
5
-62.9%
-23.6%
Overvalued
1
4
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
DECK
— Deckers Brands
$11.5B
$82.64
$200.73
+142.9%
Undervalued
Growing
SHOO
— Steven Madden, Ltd. - Common Stock
$3.2B
$43.15
$31.71
-26.5%
Overvalued
Weakening
WEYS
— Weyco Group, Inc. - Common Stock
$419M
$43.99
$16.31
-62.9%
Overvalued
Weakening
RCKY
— Rocky Brands, Inc. - Common Stock
$330M
$43.75
$7.49
-82.9%
Overvalued
Growing
ONON
— On Holding AG Class A Ordinary Shares
Foreign
$9.5B
$27.28
$3.17
-88.4%
Overvalued
Growing
Cannot calculate DCF
CROX
— Crocs, Inc. - Common Stock
$5.7B
$114.35
N/A
N/A
N/A
Stable
DBI
— Designer Brands Inc. Class A Common Stock
$264M
$5.21
N/A
N/A
N/A
Weakening
FOSL
— Fossil Group, Inc. - Common Stock
$303M
$5.12
N/A
N/A
N/A
Stable
NKE
— Nike, Inc.
$56.5B
$38.10
N/A
N/A
N/A
Weakening
VRA
— Vera Bradley, Inc. - Common Stock
$96M
$3.38
N/A
N/A
N/A
Weakening
WWW
— Wolverine World Wide, Inc. Common Stock
$1.6B
$19.99
N/A
N/A
N/A
Growing
▶ Lodging
(7+3 total)
7
-79.6%
-66.0%
Overvalued
0
6
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GHG
— Greentree Hospitality Group Ltd.
ADR
$71M
$1.08
$1.09
+0.0%
Fair
Weakening
MAR
— Marriott International
$86.7B
$328.92
$235.34
-28.5%
Overvalued
Weakening
HLT
— Hilton Worldwide
$69.3B
$304.51
$111.78
-63.3%
Overvalued
Growing
HTHT
— H World Group Ltd.
ADR
$13.6B
$44.19
$9.01
-79.6%
Overvalued
Growing
WH
— Wyndham Hotels & Resorts, Inc. Common Stock
$5.2B
$69.82
$6.30
-91.0%
Overvalued
Stable
CHH
— Choice Hotels International, Inc. Common Stock
$4.6B
$100.01
$0.21
-99.8%
Overvalued
Growing
IHG
— Intercontinental Hotels Group Plc. /New/
ADR
$23.0B
$154.59
$0.02
-100.0%
Overvalued
Growing
Cannot calculate DCF
ATAT
— Atour Lifestyle Holdings Ltd.
ADR
$3.8B
$33.29
N/A
N/A
N/A
Growing
CVEO
— Civeo Corporation (Canada) Common Shares
$374M
$34.14
N/A
N/A
N/A
Weakening
H
— Hyatt Hotels Corporation Class A Common Stock
$15.2B
$161.19
N/A
N/A
N/A
Stable
▶ Retail - Eating & Drinking Places
(2)
2
-84.5%
-84.5%
Overvalued
0
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BROS
— Dutch Bros Inc. Class A Common Stock
$6.3B
$45.87
$9.89
-78.4%
Overvalued
Growing
SBUX
— Starbucks
$116.3B
$102.02
$9.61
-90.6%
Overvalued
Weakening
▶ Consumer Defensive93
-14.3%
38 /
49 /
6
+9.4%
Overvalued
38
49
6
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Beverages-Wineries & Distilleries
(3+2 total)
3
+54.3%
+39.6%
Undervalued
3
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BF.B
— Brown–forman
$12.1B
$26.43
$41.44
+56.8%
Undervalued
Stable
BF.A
— Brown Forman Inc. Class A Common Stock
$12.3B
$26.86
$41.44
+54.3%
Undervalued
Stable
DEO
— Diageo Plc. Common Stock
ADR
$48.5B
$87.22
$93.98
+7.8%
Undervalued
Weakening
Cannot calculate DCF
MGPI
— MGP Ingredients, Inc. - Common Stock
$346M
$16.21
N/A
N/A
N/A
Stable
SNDL
— Sndl Inc. - Common Shares
Foreign
$377M
$1.45
N/A
N/A
N/A
Growing
▶ Education & Training Services
(11+15 total)
11
+42.9%
+62.5%
Undervalued
8
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
IH
— Ihuman Inc.
ADR
$27M
$1.23
$8.58
+597.6%
Undervalued
Stable
LRN
— Stride, Inc. Common Stock
$3.5B
$82.17
$248.50
+202.4%
Undervalued
Growing
PRDO
— Perdoceo Education Corporation - Common Stock
$2.1B
$33.09
$80.94
+144.6%
Undervalued
Growing
FC
— Franklin Covey Company Common Stock
$214M
$18.96
$46.21
+143.7%
Undervalued
Weakening
STRA
— Strategic Education, Inc. - Common Stock
$1.8B
$81.34
$167.34
+105.7%
Undervalued
Growing
LOPE
— Grand Canyon Education, Inc. - Common Stock
$4.0B
$151.66
$216.68
+42.9%
Undervalued
Stable
CVSA
— Covista Inc. Common Shares
$4.3B
$125.31
$162.04
+29.3%
Undervalued
Growing
EDU
— New Oriental Education & Technology Group, Inc. Sponsored ADR Representing 10 Ordinary Share (Cayman Islands)
ADR
$9.4B
$57.21
$73.85
+29.1%
Undervalued
Growing
LAUR
— Laureate Education, Inc. - Common Stock
$5.1B
$36.37
$26.79
-26.3%
Overvalued
Growing
LINC
— Lincoln Educational Services Corporation - Common Stock
$788M
$24.85
$2.68
-89.2%
Overvalued
Stable
UTI
— Universal Technical Institute Inc. Common Stock
$1.2B
$21.58
$1.57
-92.7%
Overvalued
Growing
Cannot calculate DCF
AACG
— ATA Creativity Global
ADR
$30M
$0.95
N/A
N/A
N/A
Weakening
AFYA
— Afya Limited - Class A Common Shares
Foreign
$1.3B
$14.29
N/A
N/A
N/A
Growing
AMBO
— Ambow Education Holding Ltd.
ADR
$6M
$2.04
N/A
N/A
N/A
Growing
APEI
— American Public Education, Inc. - Common Stock
$832M
$45.37
N/A
N/A
N/A
Growing
CHGG
— Chegg, Inc. Common Stock
$90M
$0.80
N/A
N/A
N/A
Weakening
COE
— 51talk Online Education Group
ADR
$56M
$13.16
N/A
N/A
N/A
Stable
COUR
— Coursera, Inc. Common Stock
$1.6B
$5.57
N/A
N/A
N/A
Growing
DAO
— Youdao, Inc.
ADR
$473M
$15.11
N/A
N/A
N/A
Growing
FEDU
— Four Seasons Education (Cayman) Inc.
ADR
$22M
$9.95
N/A
N/A
N/A
Stable
KLC
— Kindercare Learning Companies, Inc. Common Stock
$307M
$2.59
N/A
N/A
N/A
Stable
MYND
— Mynd.ai, Inc.
ADR
$18M
$0.40
N/A
N/A
N/A
Weakening
STG
— Sunlands Technology Group
ADR
$13M
$2.81
N/A
N/A
N/A
Stable
TAL
— TAL Education Group
ADR
$3.9B
$11.82
N/A
N/A
N/A
Growing
VSA
— Visionsys AI Inc.
ADR
$2M
$3.47
N/A
N/A
N/A
Stable
YQ
— 17 Education & Technology Group Inc.
ADR
$25M
$3.69
N/A
N/A
N/A
Stable
▶ Beverages-Brewers
(3+5 total)
3
+28.9%
+81.6%
Undervalued
3
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SAM
— Boston Beer Company, Inc. (the) Common Stock
$1.7B
$161.94
$511.44
+215.8%
Undervalued
Growing
BUD
— Anheuser-busch Inbev S.A. Sponsored ADR (Belgium)
ADR
$154.4B
$79.77
$102.80
+28.9%
Undervalued
Growing
ABEV
— Ambev S.A.
ADR
$47.9B
$3.04
$3.52
+15.8%
Undervalued
Growing
Cannot calculate DCF
CCU
— Compania Cervecerias Unidas, S.A. Common Stock
ADR
$2.2B
$12.10
N/A
N/A
N/A
Growing
FMX
— Fomento Economico Mexicano S.A.b. de C.v. Common Stock
ADR
$23.9B
$119.51
N/A
N/A
N/A
Stable
STZ
— Constellation Brands
$20.8B
$120.98
N/A
N/A
N/A
Stable
TAP
— Molson Coors Beverage Company
$7.3B
$38.85
N/A
N/A
N/A
Weakening
TAP.A
— Molson Coors Beverage Company Class A Common Stock
$7.6B
$40.31
N/A
N/A
N/A
Weakening
▶ Grocery Stores
(7+2 total)
7
-6.2%
-6.1%
Overvalued
3
4
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ACI
— Albertsons Companies, Inc. Class A Common Stock
$6.0B
$12.14
$98.60
+712.2%
Undervalued
Weakening
SFM
— Sprouts Farmers Market, Inc. - Common Stock
$7.2B
$76.17
$119.57
+57.0%
Undervalued
Growing
VLGEA
— Village Super Market, Inc. - Class A Common Stock
$582M
$43.54
$64.26
+47.6%
Undervalued
Growing
NGVC
— Natural Grocers By Vitamin Cottage, Inc. Common Stock
$626M
$27.18
$25.50
-6.2%
Overvalued
Growing
IMKTA
— Ingles Markets, Incorporated - Class A Common Stock
$1.5B
$81.50
$9.31
-88.6%
Overvalued
Weakening
WMK
— Weis Markets, Inc. Common Stock
$1.8B
$70.99
$7.65
-89.2%
Overvalued
Stable
DDL
— Dingdong (Cayman) Ltd.
ADR
$401M
$2.20
$-1.39
-163.2%
Overvalued
Growing
Cannot calculate DCF
GO
— Grocery Outlet Holding Corp. - Common Stock
$1.2B
$11.77
N/A
N/A
N/A
Stable
KR
— Kroger
$35.1B
$57.20
N/A
N/A
N/A
Stable
▶ Packaged Foods
(26+17 total)
26
-7.0%
+29.6%
Overvalued
11
13
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SMPL
— the Simply Good Foods Company - Common Stock
$952M
$10.76
$40.55
+276.9%
Undervalued
Weakening
BRBR
— Bellring Brands, Inc. Common Stock
$1.1B
$9.78
$34.98
+257.7%
Undervalued
Growing
CAG
— Conagra Brands
$7.3B
$15.27
$49.38
+223.4%
Undervalued
Stable
NATR
— Nature's Sunshine Products, Inc. - Common Stock
$243M
$13.80
$44.16
+220.0%
Undervalued
Growing
LFVN
— Lifevantage Corporation - Common Stock
$80M
$6.38
$19.09
+199.2%
Undervalued
Growing
HLF
— Herbalife Ltd. Common Shares
$1.3B
$12.44
$35.95
+189.0%
Undervalued
Growing
CENTA
— Central Garden & Pet Company - Class A Common Stock Nonvoting
$2.2B
$35.29
$94.84
+168.7%
Undervalued
Stable
CENT
— Central Garden & Pet Company - Common Stock
$2.6B
$40.84
$94.84
+132.2%
Undervalued
Stable
GIS
— General Mills
$20.1B
$37.71
$82.40
+118.5%
Undervalued
Stable
PPC
— Pilgrim's Pride Corporation - Common Stock
$7.1B
$29.99
$55.85
+86.2%
Undervalued
Growing
NOMD
— Nomad Foods Limited Ordinary Shares
Foreign
$1.6B
$11.47
$17.17
+49.7%
Undervalued
Weakening
JJSF
— J & J Snack Foods Corp. - Common Stock
$1.6B
$83.41
$83.58
+0.0%
Fair
Stable
MZTI
— the Marzetti Company - Common Stock
$2.9B
$104.04
$102.53
+0.0%
Fair
Growing
JBSS
— John B Sanfilippo & Son, Inc. - Common Stock
$831M
$71.11
$61.05
-14.1%
Overvalued
Weakening
MKC
— McCormick & Company
$14.0B
$51.92
$43.06
-17.1%
Overvalued
Growing
MKC.V
— McCormick & Company, Incorporated Common Stock
$14.1B
$52.47
$43.06
-17.9%
Overvalued
Growing
POST
— Post Holdings, Inc. Common Stock
$3.7B
$82.36
$65.51
-20.5%
Overvalued
Growing
MAMA
— Mama's Creations, Inc. - Common Stock
$630M
$15.47
$6.03
-61.0%
Overvalued
Weakening
SENEA
— Seneca Foods Corp. - Class A Common Stock
$1.3B
$194.95
$53.15
-72.7%
Overvalued
Growing
SENEB
— Seneca Foods Corp. - Class B Common Stock
$1.4B
$208.53
$53.15
-74.5%
Overvalued
Growing
INGR
— Ingredion Incorporated Common Stock
$6.4B
$100.72
$24.14
-76.0%
Overvalued
Stable
JBS
— JBS N.V. Class A Common Shares
Foreign
$13.8B
$12.88
$1.32
-89.8%
Overvalued
Growing
LWAY
— Lifeway Foods, Inc. - Common Stock
$381M
$24.95
$1.63
-93.5%
Overvalued
Stable
CPB
— Campbell's Company (the)
$6.5B
$21.76
$-4.62
-121.2%
Overvalued
Weakening
LW
— Lamb Weston Holdings, Inc. Common Stock
$6.8B
$49.43
$-24.96
-150.5%
Overvalued
Stable
UTZ
— Utz Brands Inc. Class A Common Stock
$1.3B
$14.21
$-9.26
-165.2%
Overvalued
Stable
Cannot calculate DCF
BGS
— B&g Foods, Inc. Common Stock
$268M
$3.30
N/A
N/A
N/A
Weakening
BRCC
— BRC Inc. Class A Common Stock
$1.0B
$8.91
N/A
N/A
N/A
Growing
BRID
— Bridgford Foods Corporation - Common Stock
$55M
$6.07
N/A
N/A
N/A
Weakening
BYND
— Beyond Meat, Inc. - Common Stock
$5.8B
$11.22
N/A
N/A
N/A
Stable
DAR
— Darling Ingredients Inc. Common Stock
$10.7B
$67.12
N/A
N/A
N/A
Stable
DDC
— DDC Enterprise Limited Class A Ordinary Shares
Foreign
$9M
$0.30
N/A
N/A
N/A
Growing
FLO
— Flowers Foods, Inc. Common Stock
$1.3B
$6.33
N/A
N/A
N/A
Stable
FRPT
— Freshpet, Inc. - Common Stock
$3.3B
$67.34
N/A
N/A
N/A
Growing
HAIN
— the Hain Celestial Group, Inc. - Common Stock
$61M
$0.68
N/A
N/A
N/A
Weakening
HRL
— Hormel Foods
$11.7B
$21.22
N/A
N/A
N/A
Weakening
KHC
— Kraft Heinz
$29.5B
$24.90
N/A
N/A
N/A
Weakening
NAII
— Natural Alternatives International, Inc. - Common Stock
$14M
$2.23
N/A
N/A
N/A
Weakening
OTLY
— Oatly Group AB
ADR
$422M
$13.52
N/A
N/A
N/A
Growing
PRE
— Prenetics Global Limited - Class A Ordinary Share
Foreign
$436M
$25.62
N/A
N/A
N/A
Stable
SJM
— J.m. Smucker Company (the)
$13.3B
$124.69
N/A
N/A
N/A
Stable
USNA
— Usana Health Sciences, Inc. Common Stock
$281M
$15.20
N/A
N/A
N/A
Weakening
WEST
— Westrock Coffee Company - Common Stock
$766M
$7.85
N/A
N/A
N/A
Stable
▶ Beverages-Non-Alcoholic
(10+5 total)
10
-14.1%
-27.0%
Overvalued
2
5
3
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
FIZZ
— National Beverage Corp. - Common Stock
$2.9B
$31.09
$45.15
+45.2%
Undervalued
Growing
MNST
— Monster Beverage
$42.2B
$43.16
$49.71
+15.2%
Undervalued
Growing
CCEP
— Coca-cola Europacific Partners Plc. - Ordinary Shares
Foreign
$47.2B
$106.55
$103.29
+0.0%
Fair
Growing
CELH
— Celsius Holdings, Inc. - Common Stock
$7.6B
$29.56
$28.85
+0.0%
Fair
Stable
COKE
— Coca-cola Consolidated, Inc. - Common Stock
$12.5B
$188.28
$182.67
+0.0%
Fair
Growing
KOF
— Coca Cola Femsa SAB DE CV
ADR
$5.8B
$110.10
$79.09
-28.2%
Overvalued
Growing
KDP
— Keurig Dr Pepper
$44.3B
$32.55
$16.69
-48.7%
Overvalued
Stable
PEP
— Pepsico
$189.1B
$138.45
$41.64
-69.9%
Overvalued
Weakening
COCO
— the Vita Coco Company, Inc. - Common Stock
$3.0B
$53.27
$5.93
-88.9%
Overvalued
Stable
KO
— Coca-cola Company (the)
$380.6B
$88.46
$4.64
-94.8%
Overvalued
Growing
Cannot calculate DCF
AKO-A
— Andina Bottling Co. Inc.
ADR
$3.8B
$24.35
N/A
N/A
N/A
Growing
AKO-B
— Andina Bottling Co. Inc.
ADR
$4.6B
$29.50
N/A
N/A
N/A
Growing
AKO.A
— Embotelladora Andina S.A. Common Stock
ADR
$1.9B
$24.35
N/A
N/A
N/A
Growing
AKO.B
— Embotelladora Andina S.A. Common Stock
ADR
$2.3B
$29.50
N/A
N/A
N/A
Growing
ZVIA
— Zevia PBC Class A Common Stock
$97M
$1.35
N/A
N/A
N/A
Stable
▶ Confectioners
(3)
3
-16.9%
-9.8%
Overvalued
1
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HSY
— Hershey Company (the)
$35.1B
$173.26
$190.01
+9.7%
Undervalued
Stable
TR
— Tootsie Roll Industries, Inc. Common Stock
$2.9B
$38.61
$32.07
-16.9%
Overvalued
Growing
MDLZ
— Mondelez International
$79.1B
$61.64
$47.88
-22.3%
Overvalued
Weakening
▶ Discount Stores
(6+2 total)
6
-26.0%
+2.6%
Overvalued
2
3
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
DG
— Dollar General
$28.2B
$127.97
$261.94
+104.7%
Undervalued
Stable
TGT
— Target Corporation
$73.9B
$162.78
$317.78
+95.2%
Undervalued
Weakening
OLLI
— Ollie's Bargain Outlet Holdings, Inc. - Common Stock
$4.7B
$76.90
$79.32
+0.0%
Fair
Growing
COST
— Costco
$403.7B
$910.18
$437.07
-52.0%
Overvalued
Growing
PSMT
— Pricesmart, Inc. - Common Stock
$5.3B
$172.97
$80.89
-53.2%
Overvalued
Growing
WMT
— Walmart
$844.2B
$106.08
$22.18
-79.1%
Overvalued
Growing
Cannot calculate DCF
BJ
— Bj's Wholesale Club Holdings, Inc. Common Stock
$11.5B
$89.83
N/A
N/A
N/A
Weakening
DLTR
— Dollar Tree
$23.8B
$124.02
N/A
N/A
N/A
Stable
▶ Household & Personal Products
(10+12 total)
10
-27.6%
-10.4%
Overvalued
3
7
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ODD
— Oddity Tech Ltd. - Class A Ordinary Shares
Foreign
$737M
$13.01
$42.04
+223.1%
Undervalued
Growing
CLX
— Clorox
$11.1B
$91.60
$123.80
+35.2%
Undervalued
Stable
IPAR
— Interparfums, Inc. - Common Stock
$3.6B
$112.89
$140.53
+24.5%
Undervalued
Stable
CHD
— Church & Dwight
$22.9B
$96.54
$82.77
-14.3%
Overvalued
Stable
UL
— Unilever Plc.
ADR
$138.6B
$63.53
$52.63
-17.2%
Overvalued
Growing
ELF
— E.l.f. Beauty, Inc. Common Stock
$6.2B
$104.23
$64.58
-38.0%
Overvalued
Stable
KMB
— Kimberly-clark
$34.2B
$102.93
$53.85
-47.7%
Overvalued
Stable
PG
— Procter & Gamble
$339.0B
$145.58
$75.66
-48.0%
Overvalued
Growing
SPB
— Spectrum Brands Holdings, Inc. Common Stock
$2.0B
$87.40
$36.36
-58.4%
Overvalued
Stable
EPC
— Edgewell Personal Care Company Common Stock
$1.3B
$27.74
$-11.09
-140.0%
Overvalued
Weakening
Cannot calculate DCF
CL
— Colgate-palmolive
$70.7B
$88.41
N/A
N/A
N/A
Stable
COTY
— Coty Inc. Class A Common Stock
$2.4B
$2.76
N/A
N/A
N/A
Stable
EL
— Estée Lauder Companies (the)
$36.8B
$101.67
N/A
N/A
N/A
Weakening
GROV
— Grove Collaborative Holdings, Inc. Class A Common Stock
$44M
$1.05
N/A
N/A
N/A
Stable
HELE
— Helen of Troy Limited - Common Stock
$652M
$28.02
N/A
N/A
N/A
Weakening
HNST
— the Honest Company, Inc. - Common Stock
$632M
$5.74
N/A
N/A
N/A
Stable
KVUE
— Kenvue
$34.1B
$18.41
N/A
N/A
N/A
Weakening
MAGN
— Magnera Corporation Common Stock
$427M
$11.94
N/A
N/A
N/A
Weakening
NUS
— Nu Skin Enterprises, Inc. Common Stock
$231M
$4.75
N/A
N/A
N/A
Stable
NWL
— Newell Brands Inc. - Common Stock
$2.7B
$6.33
N/A
N/A
N/A
Stable
SKIN
— Skinhealth Systems Inc. - Class A Common Stock
$92M
$0.71
N/A
N/A
N/A
Stable
YSG
— Yatsen Holding Ltd.
ADR
$172M
$2.70
N/A
N/A
N/A
Stable
▶ Tobacco
(3+3 total)
3
-33.0%
-6.9%
Overvalued
1
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MO
— Altria
$113.8B
$68.17
$115.89
+70.0%
Undervalued
Stable
TPB
— Turning Point Brands, Inc. Common Stock
$1.4B
$74.47
$49.92
-33.0%
Overvalued
Growing
PM
— Philip Morris International
$287.9B
$184.73
$78.17
-57.7%
Overvalued
Growing
Cannot calculate DCF
BTI
— British American Tobacco Industries, P.l.c. Common Stock ADR
ADR
$119.2B
$55.13
N/A
N/A
N/A
Growing
RLX
— RLX Technology Inc.
ADR
$1.6B
$1.79
N/A
N/A
N/A
Growing
UVV
— Universal Corporation Common Stock
$1.1B
$45.68
N/A
N/A
N/A
Stable
▶ Food Distribution
(7+4 total)
7
-67.3%
-57.9%
Overvalued
0
7
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
USFD
— US Foods Holding Corp. Common Stock
$22.7B
$103.04
$79.63
-22.7%
Overvalued
Growing
PFGC
— Performance Food Group Company Common Stock
$15.2B
$96.79
$72.27
-25.3%
Overvalued
Stable
ANDE
— the Andersons, Inc. - Common Stock
$2.4B
$70.92
$43.08
-39.3%
Overvalued
Stable
CHEF
— the Chefs' Warehouse, Inc. - Common Stock
$4.4B
$108.86
$35.56
-67.3%
Overvalued
Growing
SYY
— Sysco
$38.2B
$79.84
$21.77
-72.7%
Overvalued
Stable
AVO
— Mission Produce, Inc. - Common Stock
$912M
$12.88
$2.77
-78.5%
Overvalued
Growing
WILC
— G Willi-food International, Ltd. - Ordinary Shares
Foreign
$401M
$28.80
$0.13
-99.5%
Overvalued
Growing
Cannot calculate DCF
DIT
— Amcon Distributing Company Common Stock
$58M
$59.17
N/A
N/A
N/A
Stable
HFFG
— HF Foods Group Inc. - Common Stock
$92M
$1.72
N/A
N/A
N/A
Stable
MTEX
— Mannatech, Incorporated - Common Stock
$18M
$9.35
N/A
N/A
N/A
Weakening
UNFI
— United Natural Foods, Inc. Common Stock
$2.7B
$44.92
N/A
N/A
N/A
Weakening
▶ Farm Products
(4+8 total)
4
-78.3%
-23.0%
Overvalued
1
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CALM
— Cal-maine Foods, Inc. - Common Stock
$3.5B
$74.75
$416.06
+456.6%
Undervalued
Growing
LND
— Brasilagro Brazilian Agric Real Estate Co. Sponsored ADR (Brazil)
ADR
$379M
$3.80
$1.15
-69.7%
Overvalued
Weakening
VITL
— Vital Farms, Inc. - Common Stock
$431M
$10.06
$1.32
-86.9%
Overvalued
Growing
BG
— Bunge Global
$24.0B
$123.83
$-43.94
-135.5%
Overvalued
Weakening
Cannot calculate DCF
ADM
— Archer Daniels Midland
$40.7B
$84.50
N/A
N/A
N/A
Weakening
AFRI
— Forafric Global Plc. - Ordinary Shares
Foreign
$302M
$11.19
N/A
N/A
N/A
Stable
AGRO
— Adecoagro S.A. Common Shares
Foreign
$1.8B
$12.24
N/A
N/A
N/A
Weakening
DOLE
— Dole Plc. Ordinary Shares
$1.3B
$13.91
N/A
N/A
N/A
Stable
LMNR
— Limoneira Co. - Common Stock
$272M
$15.03
N/A
N/A
N/A
Weakening
SDOT
— Sadot Group Inc. - Common Stock
$10M
$12.98
N/A
N/A
N/A
Weakening
TSN
— Tyson Foods
$18.0B
$52.26
N/A
N/A
N/A
Growing
VFF
— Village Farms International, Inc. - Common Shares
$345M
$3.02
N/A
N/A
N/A
Stable
▶ Technology215
-16.9%
93 /
115 /
7
+3.2%
Overvalued
93
115
7
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Information Technology Services
(28+23 total)
28
+60.2%
+65.8%
Undervalued
23
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
EFOR
— Everforth, Inc. Common Stock
$1.3B
$30.84
$141.71
+359.5%
Undervalued
Weakening
GLOB
— Globant S.A. Common Shares
Foreign
$1.6B
$37.16
$137.42
+269.8%
Undervalued
Weakening
VRRM
— Verra Mobility Corporation - Class A Common Stock
$594M
$3.91
$12.85
+228.6%
Undervalued
Stable
G
— Genpact Limited Common Stock
$6.0B
$35.35
$98.51
+178.7%
Undervalued
Stable
EPAM
— Epam Systems, Inc. Common Stock
$6.0B
$115.32
$301.88
+161.8%
Undervalued
Stable
HCKT
— the Hackett Group, Inc. - Common Stock
$284M
$11.28
$28.09
+149.0%
Undervalued
Stable
ACN
— Accenture
$109.5B
$179.03
$439.38
+145.4%
Undervalued
Growing
LDOS
— Leidos
$16.3B
$129.24
$300.18
+132.3%
Undervalued
Growing
IT
— Gartner
$11.6B
$172.65
$396.62
+129.7%
Undervalued
Stable
SAIC
— Science Applications International Corporation - Common Stock
$5.4B
$127.59
$268.48
+110.4%
Undervalued
Stable
INFY
— Infosys Ltd.
ADR
$45.2B
$11.15
$22.36
+100.5%
Undervalued
Stable
FORTY
— Formula Systems (1985) Ltd.
ADR
$1.8B
$118.64
$226.40
+90.8%
Undervalued
Growing
PSN
— Parsons Corporation Common Stock
$5.1B
$47.59
$83.58
+75.6%
Undervalued
Growing
III
— Information Services Group, Inc. - Common Stock
$244M
$5.09
$8.62
+69.4%
Undervalued
Growing
CTSH
— Cognizant
$28.3B
$59.92
$90.52
+51.1%
Undervalued
Growing
GDYN
— Grid Dynamics Holdings, Inc. - Class A Common Stock
$661M
$7.90
$11.24
+42.3%
Undervalued
Growing
GIB
— CGI Inc. Common Stock
Foreign
$14.8B
$70.70
$95.58
+35.2%
Undervalued
Growing
CDW
— CDW Corporation
$18.5B
$144.48
$190.64
+31.9%
Undervalued
Weakening
EXLS
— Exlservice Holdings, Inc. - Common Stock
$5.4B
$35.53
$45.18
+27.2%
Undervalued
Growing
BR
— Broadridge Financial Solutions
$19.5B
$168.61
$207.45
+23.0%
Undervalued
Growing
WIT
— Wipro Limited Common Stock
ADR
$17.3B
$1.75
$2.13
+21.7%
Undervalued
Growing
JKHY
— Jack Henry & Associates
$11.4B
$159.78
$185.52
+16.1%
Undervalued
Growing
IBEX
— Ibex Limited - Common Share
$496M
$37.05
$40.10
+8.2%
Undervalued
Growing
CACI
— Caci International, Inc. Class A Common Stock
$13.8B
$624.90
$388.46
-37.8%
Overvalued
Growing
TASK
— Taskus, Inc. - Class A Common Stock
$701M
$7.65
$3.41
-55.4%
Overvalued
Stable
IBM
— IBM
$218.1B
$232.09
$90.39
-61.1%
Overvalued
Growing
TSSI
— TSS Inc. - Common Stock
$242M
$8.63
$3.24
-62.5%
Overvalued
Growing
KD
— Kyndryl Holdings, Inc. Common Stock
$2.8B
$12.80
$-5.10
-139.8%
Overvalued
Growing
Cannot calculate DCF
ARBB
— ARB IOT Group Limited - Ordinary Shares
Foreign
$8M
$4.27
N/A
N/A
N/A
Growing
BBAI
— Bigbear.ai, Inc. Common Stock
$1.4B
$2.93
N/A
N/A
N/A
Weakening
CIFR
— Cipher Digital Inc. - Common Stock
$7.6B
$18.51
N/A
N/A
N/A
Growing
CLPS
— Clps Incorporation - Common Stock
Foreign
$32M
$1.06
N/A
N/A
N/A
Stable
CLVT
— Clarivate Plc. Ordinary Shares
$1.2B
$1.90
N/A
N/A
N/A
Stable
CNDT
— Conduent Incorporated - Common Stock
$256M
$1.65
N/A
N/A
N/A
Weakening
CNXC
— Concentrix Corporation - Common Stock
$1.7B
$28.27
N/A
N/A
N/A
Weakening
DXC
— DXC Technology Company Common Stock
$1.8B
$11.22
N/A
N/A
N/A
Weakening
FIS
— Fidelity National Information Services
$20.4B
$39.43
N/A
N/A
N/A
Stable
GDS
— GDS Holdings Ltd.
ADR
$6.4B
$32.01
N/A
N/A
N/A
Growing
INOD
— Innodata Inc. - Common Stock
$1.8B
$56.13
N/A
N/A
N/A
Growing
JFU
— 9F Inc.
ADR
$26M
$2.22
N/A
N/A
N/A
Growing
KEEL
— Keel Infrastructure Corp. - Common Stock
$2.3B
$3.73
N/A
N/A
N/A
Stable
LZMH
— LZ Technology Holdings Limited - Class B Ordinary Shares
Foreign
$12M
$1.24
N/A
N/A
N/A
Stable
NABL
— N-able, Inc. Common Stock
$721M
$3.83
N/A
N/A
N/A
Weakening
PENG
— Penguin Solutions, Inc. - Common Stock
$2.6B
$51.30
N/A
N/A
N/A
Stable
SLAI
— Solai Ltd.
ADR
$75M
$3.79
N/A
N/A
N/A
Weakening
TDTH
— Trident Digital Tech Holdings Ltd.
ADR
$8M
$1.83
N/A
N/A
N/A
Weakening
TTEC
— Ttec Holdings, Inc. - Common Stock
$66M
$1.35
N/A
N/A
N/A
Stable
UIS
— Unisys Corporation New Common Stock
$184M
$2.53
N/A
N/A
N/A
Stable
VNET
— Vnet Group, Inc.
ADR
$1.9B
$6.75
N/A
N/A
N/A
Stable
VYX
— NCR Voyix Corporation Common Stock
$1.2B
$8.48
N/A
N/A
N/A
Stable
WYY
— Widepoint Corporation Common Stock
$108M
$10.93
N/A
N/A
N/A
Stable
▶ Software-Application
(53+79 total)
53
+21.8%
+34.3%
Undervalued
34
15
4
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
YB
— Yuanbao Inc.
ADR
$437M
$13.50
$166.45
+1133.0%
Undervalued
Growing
GTM
— Zoominfo Technologies Inc. - Common Stock
$1.1B
$3.90
$27.37
+601.8%
Undervalued
Growing
CXM
— Sprinklr, Inc. Class A Common Stock
$1.3B
$5.55
$16.66
+200.2%
Undervalued
Weakening
IMMR
— Immersion Corporation - Common Stock
$252M
$7.62
$22.12
+190.3%
Undervalued
Stable
BL
— Blackline, Inc. - Common Stock
$1.8B
$30.11
$71.80
+138.5%
Undervalued
Stable
ADBE
— Adobe Inc.
$102.6B
$257.26
$597.98
+132.4%
Undervalued
Growing
MNDY
— Monday.com Ltd. - Ordinary Shares
Foreign
$4.3B
$83.52
$174.30
+108.7%
Undervalued
Growing
PEGA
— Pegasystems Inc. - Common Stock
$6.0B
$35.80
$70.07
+95.7%
Undervalued
Growing
SRAD
— Sportradar Group AG - Class A Ordinary Shares
Foreign
$3.9B
$12.75
$24.08
+88.9%
Undervalued
Growing
YOU
— Clear Secure, Inc. Class A Common Stock
$4.4B
$43.56
$81.44
+87.0%
Undervalued
Growing
MITK
— Mitek Systems, Inc. - Common Stock
$806M
$17.84
$31.71
+77.7%
Undervalued
Growing
SSNC
— Ss&c Technologies Holdings, Inc. - Common Stock
$19.4B
$80.43
$134.57
+67.3%
Undervalued
Growing
DOCU
— Docusign, Inc. - Common Stock
$12.6B
$65.11
$108.50
+66.6%
Undervalued
Growing
INTU
— Intuit
$87.2B
$318.95
$518.47
+62.6%
Undervalued
Growing
PLUS
— Eplus Inc. - Common Stock
$2.3B
$89.79
$145.25
+61.8%
Undervalued
Growing
CRM
— Salesforce
$204.0B
$249.12
$399.63
+60.4%
Undervalued
Growing
ZM
— Zoom Communications, Inc. - Class A Common Stock
$28.3B
$96.47
$149.43
+54.9%
Undervalued
Growing
ALRM
— Alarm.com Holdings, Inc. - Common Stock
$2.8B
$56.01
$85.00
+51.8%
Undervalued
Growing
DAVE
— Dave Inc. - Class A Common Stock
$4.8B
$374.83
$545.60
+45.6%
Undervalued
Growing
IDCC
— Interdigital, Inc. - Common Stock
$8.8B
$341.01
$494.24
+44.9%
Undervalued
Growing
DUOL
— Duolingo, Inc. - Class A Common Stock
$6.8B
$146.38
$210.04
+43.5%
Undervalued
Growing
WDAY
— Workday, Inc.
$46.0B
$186.25
$260.09
+39.6%
Undervalued
Stable
SPSC
— SPS Commerce, Inc. - Common Stock
$2.9B
$78.97
$102.28
+29.5%
Undervalued
Growing
PCTY
— Paylocity Holding Corporation - Common Stock
$7.7B
$143.53
$183.48
+27.8%
Undervalued
Growing
ADSK
— Autodesk
$44.8B
$212.21
$268.83
+26.7%
Undervalued
Growing
PTC
— PTC Inc.
$15.4B
$133.25
$166.76
+25.1%
Undervalued
Growing
ROP
— Roper Technologies
$39.9B
$395.74
$481.97
+21.8%
Undervalued
Stable
OTEX
— Open Text Corporation - Common Shares
$5.7B
$23.36
$28.00
+19.9%
Undervalued
Growing
DCBO
— Docebo Inc. - Common Shares
Foreign
$599M
$23.59
$28.27
+19.8%
Undervalued
Growing
CVLT
— Commvault Systems, Inc. - Common Stock
$5.5B
$133.31
$157.88
+18.4%
Undervalued
Stable
DSGX
— the Descartes Systems Group Inc. - Common Stock
Foreign
$6.5B
$75.52
$88.41
+17.1%
Undervalued
Growing
CCC
— CCC Intelligent Solutions Holdings Inc. - Common Stock
$4.2B
$7.08
$8.27
+16.8%
Undervalued
Growing
BSY
— Bentley Systems, Incorporated - Class B Common Stock
$10.0B
$32.85
$36.82
+12.1%
Undervalued
Growing
TYL
— Tyler Technologies
$14.7B
$347.93
$367.67
+5.7%
Undervalued
Growing
ADP
— Automatic Data Processing
$107.1B
$267.96
$258.51
+0.0%
Fair
Growing
LYFT
— Lyft, Inc. - Class A Common Stock
$6.2B
$16.23
$16.97
+0.0%
Fair
Growing
PAYC
— Paycom Software, Inc. Common Stock
$10.2B
$219.16
$215.03
+0.0%
Fair
Growing
SAP
— SAP SE ADS
ADR
$244.2B
$211.56
$209.26
+0.0%
Fair
Growing
NICE
— Nice Ltd.
ADR
$6.1B
$101.23
$94.02
-7.1%
Overvalued
Growing
DT
— Dynatrace, Inc. Common Stock
$14.7B
$50.27
$45.72
-9.1%
Overvalued
Growing
KARO
— Karooooo Ltd. - Ordinary Shares
Foreign
$2.0B
$64.88
$55.21
-14.9%
Overvalued
Growing
NOW
— Servicenow
$138.4B
$134.23
$108.62
-19.1%
Overvalued
Stable
APPF
— Appfolio, Inc. - Class A Common Stock
$7.3B
$205.96
$162.96
-20.9%
Overvalued
Growing
PAYX
— Paychex
$41.6B
$116.93
$87.89
-24.8%
Overvalued
Growing
MANH
— Manhattan Associates, Inc. - Common Stock
$12.3B
$207.98
$155.17
-25.4%
Overvalued
Growing
FICO
— Fair Isaac
$21.6B
$932.58
$676.93
-27.4%
Overvalued
Growing
MTLS
— Materialise N.V.
ADR
$445M
$7.54
$4.61
-38.9%
Overvalued
Growing
AGYS
— Agilysys, Inc. - Common Stock
$3.0B
$108.03
$61.41
-43.2%
Overvalued
Stable
DFIN
— Donnelley Financial Solutions, Inc. Common Stock
$1.2B
$49.90
$27.55
-44.8%
Overvalued
Stable
CDNS
— Cadence Design Systems
$78.4B
$284.11
$147.05
-48.2%
Overvalued
Stable
DDOG
— Datadog
$74.8B
$210.24
$67.65
-67.8%
Overvalued
Growing
SHOP
— Shopify Inc. - Class A Subordinate Voting Shares
$174.0B
$134.12
$37.79
-71.8%
Overvalued
Growing
ADEA
— Adeia Inc. - Common Stock
$3.0B
$27.20
$5.87
-78.4%
Overvalued
Growing
Cannot calculate DCF
AIXI
— Xiao-i Corp.
ADR
$3M
$3.26
N/A
N/A
N/A
Weakening
ALIT
— Alight, Inc. Class A Common Stock
$7.1B
$13.45
N/A
N/A
N/A
Stable
ALKT
— Alkami Technology, Inc. - Common Stock
$2.1B
$19.38
N/A
N/A
N/A
Growing
AMPL
— Amplitude, Inc. - Class A Common Stock
$1.7B
$12.52
N/A
N/A
N/A
Growing
API
— Agora, Inc. - ADS
ADR
$306M
$4.11
N/A
N/A
N/A
Growing
APPS
— Digital Turbine, Inc. - Common Stock
$1.4B
$11.29
N/A
N/A
N/A
Growing
ASAN
— Asana, Inc. Class A Common Stock
$2.0B
$8.70
N/A
N/A
N/A
Stable
ASUR
— Asure Software Inc. - Common Stock
$254M
$8.87
N/A
N/A
N/A
Stable
BILL
— Bill Holdings, Inc. Common Stock
$4.7B
$47.65
N/A
N/A
N/A
Stable
BLKB
— Blackbaud, Inc. - Common Stock
$2.1B
$45.17
N/A
N/A
N/A
Growing
BLND
— Blend Labs, Inc. Class A Common Stock
$363M
$1.50
N/A
N/A
N/A
Stable
BRZE
— Braze, Inc. - Class A Common Stock
$3.4B
$30.34
N/A
N/A
N/A
Growing
BTDR
— Bitdeer Technologies Group - Ordinary Shares
Foreign
$3.1B
$12.65
N/A
N/A
N/A
Stable
BVC
— Bitventures Ltd.
ADR
$2.6B
$15.44
N/A
N/A
N/A
Weakening
CMRC
— Commerce.com, Inc. - Series 1 Common Stock
$211M
$2.56
N/A
N/A
N/A
Growing
CRNC
— Cerence Inc. - Common Stock
$373M
$8.26
N/A
N/A
N/A
Stable
CWAN
— Clearwater Analytics Holdings, Inc. Class A Common Stock
$7.3B
$24.56
N/A
N/A
N/A
Stable
DBD
— Diebold Nixdorf Incorporated Common Stock
$2.3B
$66.87
N/A
N/A
N/A
Growing
DHX
— DHI Group, Inc. Common Stock
$185M
$4.29
N/A
N/A
N/A
Weakening
DOMO
— Domo, Inc. - Class B Common Stock
$173M
$3.84
N/A
N/A
N/A
Stable
DSP
— Viant Technology Inc. - Common Stock
$270M
$13.47
N/A
N/A
N/A
Growing
EGHT
— 8x8 Inc. - Common Stock
$258M
$1.83
N/A
N/A
N/A
Stable
ESTC
— Elastic N.V. Ordinary Shares
$9.3B
$88.50
N/A
N/A
N/A
Growing
EVCM
— Evercommerce Inc. - Common Stock
$1.3B
$7.18
N/A
N/A
N/A
Growing
EXFY
— Expensify, Inc. - Class A Common Stock
$230M
$2.38
N/A
N/A
N/A
Weakening
FROG
— Jfrog Ltd. - Ordinary Shares
$10.5B
$86.75
N/A
N/A
N/A
Stable
FRSH
— Freshworks Inc. - Class A Common Stock
$3.3B
$12.11
N/A
N/A
N/A
Growing
FSLY
— Fastly, Inc. - Class A Common Stock
$3.4B
$21.50
N/A
N/A
N/A
Growing
GRAB
— Grab Holdings Limited - Class A Ordinary Shares
Foreign
$13.3B
$3.24
N/A
N/A
N/A
Growing
GRND
— Grindr Inc. Common Stock
$2.7B
$15.47
N/A
N/A
N/A
Growing
GWRE
— Guidewire Software, Inc. Common Stock
$12.5B
$149.72
N/A
N/A
N/A
Growing
HKD
— Amtd Digital Inc.
ADR
$547M
$1.74
N/A
N/A
N/A
Stable
HOLO
— Microcloud Hologram Inc. - Ordinary Shares
Foreign
$39M
$1.71
N/A
N/A
N/A
Growing
HUBS
— Hubspot, Inc. Common Stock
$12.3B
$239.97
N/A
N/A
N/A
Stable
INTA
— Intapp, Inc. - Common Stock
$3.1B
$39.80
N/A
N/A
N/A
Growing
KC
— Kingsoft Cloud Holdings Ltd.
ADR
$3.1B
$10.43
N/A
N/A
N/A
Stable
KLTR
— Kaltura, Inc. - Common Stock
$224M
$1.49
N/A
N/A
N/A
Growing
KVYO
— Klaviyo, Inc. Series A Common Stock
$5.4B
$17.89
N/A
N/A
N/A
Growing
LAW
— CS Disco, Inc. Common Stock
$262M
$4.09
N/A
N/A
N/A
Growing
LGCL
— Lucas GC Limited - Class A Ordinary Shares
Foreign
$155M
$3.63
N/A
N/A
N/A
Weakening
LIF
— Life360, Inc. - Common Stock
$3.5B
$43.14
N/A
N/A
N/A
Growing
LPSN
— Liveperson, Inc. - Common Stock
$38M
$3.10
N/A
N/A
N/A
Stable
LSPD
— Lightspeed Commerce Inc. Subordinate Voting Shares
Foreign
$1.4B
$10.21
N/A
N/A
N/A
Stable
MNTN
— Mntn, Inc. Class A Common Stock
$879M
$12.79
N/A
N/A
N/A
Growing
MSTR
— Strategy Inc. - Class A Common Stock
$47.9B
$136.53
N/A
N/A
N/A
Weakening
NCNO
— Ncino, Inc. - Common Stock
$2.4B
$22.14
N/A
N/A
N/A
Growing
NRDY
— Nerdy Inc. Class A Common Stock
$1.1B
$9.01
N/A
N/A
N/A
Weakening
NVNI
— Nvni Group Limited - Ordinary Shares
Foreign
$11M
$0.81
N/A
N/A
N/A
Growing
OOMA
— Ooma, Inc. Common Stock
$626M
$22.76
N/A
N/A
N/A
Growing
PAR
— PAR Technology Corporation Common Stock
$759M
$18.39
N/A
N/A
N/A
Stable
PCOR
— Procore Technologies, Inc. Common Stock
$8.5B
$56.18
N/A
N/A
N/A
Weakening
PD
— Pagerduty, Inc. Common Stock
$1.0B
$13.32
N/A
N/A
N/A
Growing
PDFS
— PDF Solutions, Inc. - Common Stock
$2.0B
$47.84
N/A
N/A
N/A
Stable
PUBM
— Pubmatic, Inc. - Class A Common Stock
$757M
$16.29
N/A
N/A
N/A
Stable
QH
— Quhuo Limited - American Depository Shares
ADR
$108M
$4.28
N/A
N/A
N/A
Stable
QTWO
— Q2 Holdings, Inc. Common Stock
$3.8B
$60.35
N/A
N/A
N/A
Growing
RBBN
— Ribbon Communications Inc. - Common Stock
$343M
$1.95
N/A
N/A
N/A
Growing
RMNI
— Rimini Street, Inc. - Common Stock
$444M
$4.80
N/A
N/A
N/A
Stable
RNG
— Ringcentral, Inc. Class A Common Stock
$5.9B
$70.20
N/A
N/A
N/A
Growing
RSKD
— Riskified Ltd. Class A Ordinary Shares
Foreign
$889M
$6.17
N/A
N/A
N/A
Growing
SCOR
— Comscore, Inc. - Common Stock
$75M
$4.96
N/A
N/A
N/A
Weakening
SMRT
— Smartrent, Inc. Class A Common Stock
$251M
$1.30
N/A
N/A
N/A
Stable
SMWB
— Similarweb Ltd. Ordinary Shares
Foreign
$730M
$8.33
N/A
N/A
N/A
Growing
SNOW
— Snowflake Inc. Common Stock
$116.4B
$335.78
N/A
N/A
N/A
Growing
SOUN
— Soundhound AI Inc. - Class A Common Stock
$2.8B
$6.57
N/A
N/A
N/A
Stable
SPT
— Sprout Social, Inc. - Class A Common Stock
$628M
$10.45
N/A
N/A
N/A
Growing
TEAM
— Atlassian Corporation - Class A Common Stock
$44.8B
$176.40
N/A
N/A
N/A
Growing
THRY
— Thryv Holdings, Inc. - Common Stock
$87M
$1.96
N/A
N/A
N/A
Stable
UBER
— Uber
$148.8B
$73.12
N/A
N/A
N/A
Weakening
UPBD
— Upbound Group, Inc. - Common Stock
$1.1B
$18.43
N/A
N/A
N/A
Growing
UPLD
— Upland Software, Inc. - Common Stock
$103M
$3.52
N/A
N/A
N/A
Stable
VERX
— Vertex, Inc. - Class A Common Stock
$2.1B
$12.93
N/A
N/A
N/A
Growing
VTEX
— Vtex Class A Common Shares
Foreign
$604M
$3.54
N/A
N/A
N/A
Growing
WK
— Workiva Inc. Class A Common Stock
$4.1B
$73.82
N/A
N/A
N/A
Growing
WRD
— Weride Inc.
ADR
$1.8B
$6.08
N/A
N/A
N/A
Stable
XPER
— Xperi Inc. Common Stock
$279M
$5.79
N/A
N/A
N/A
Stable
YALA
— Yalla Group Ltd.
ADR
$701M
$5.47
N/A
N/A
N/A
Stable
YMM
— Full Truck Alliance Co. Ltd.
ADR
$7.8B
$8.41
N/A
N/A
N/A
Growing
YXT
— Yxt.com Group Holding Limited - American Depository Shares
ADR
$155M
$2.60
N/A
N/A
N/A
Stable
▶ Computer Hardware
(6+13 total)
6
+14.6%
+11.8%
Undervalued
4
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SMCI
— Supermicro
$24.2B
$40.20
$71.70
+78.4%
Undervalued
Stable
LOGI
— Logitech International S.A. - Registered Shares
$14.1B
$98.45
$173.00
+75.7%
Undervalued
Growing
HPQ
— HP Inc.
$28.5B
$31.19
$36.97
+18.5%
Undervalued
Weakening
CRCT
— Cricut, Inc. - Class A Common Stock
$1.1B
$5.45
$6.03
+10.6%
Undervalued
Growing
P
— Everpure, Inc. Class A Common Stock
$33.6B
$101.14
$46.46
-54.1%
Overvalued
Growing
ANET
— Arista Networks
$245.5B
$194.96
$81.49
-58.2%
Overvalued
Growing
Cannot calculate DCF
ALOT
— Astronova, Inc. - Common Stock
$224M
$28.99
N/A
N/A
N/A
Weakening
CAN
— Canaan Inc.
ADR
$239M
$0.32
N/A
N/A
N/A
Stable
CRSR
— Corsair Gaming, Inc. - Common Stock
$1.3B
$12.26
N/A
N/A
N/A
Stable
DDD
— 3D Systems Corporation Common Stock
$497M
$3.38
N/A
N/A
N/A
Stable
DELL
— Dell Technologies
$346.2B
$533.49
N/A
N/A
N/A
Growing
IONQ
— Ionq, Inc. Common Stock
$15.0B
$40.30
N/A
N/A
N/A
Stable
KTCC
— Key Tronic Corporation - Common Stock
$30M
$2.79
N/A
N/A
N/A
Weakening
NNDM
— Nano Dimension Ltd.
ADR
$324M
$1.55
N/A
N/A
N/A
Weakening
QMCO
— Quantum Corporation - Common Stock
$358M
$24.46
N/A
N/A
N/A
Weakening
SSYS
— Stratasys, Ltd. - Common Stock
Foreign
$679M
$7.82
N/A
N/A
N/A
Stable
STX
— Seagate Technology
$202.7B
$903.93
N/A
N/A
N/A
Growing
WDC
— Western Digital
$163.9B
$475.48
N/A
N/A
N/A
Growing
YIBO
— Planet Image International Limited - Class A Ordinary Shares
Foreign
$70M
$1.18
N/A
N/A
N/A
Weakening
▶ Solar
(2+11 total)
2
-18.2%
-18.2%
Overvalued
1
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
FSLR
— First Solar
$22.9B
$213.30
$284.95
+33.6%
Undervalued
Growing
ENPH
— Enphase Energy, Inc. - Common Stock
$5.1B
$38.84
$11.68
-69.9%
Overvalued
Weakening
Cannot calculate DCF
ARRY
— Array Technologies, Inc. - Common Stock
$723M
$4.70
N/A
N/A
N/A
Weakening
CSIQ
— Canadian Solar Inc. - Common Shares
Foreign
$929M
$13.87
N/A
N/A
N/A
Stable
JKS
— Jinkosolar Holding Co., Ltd.
ADR
$625M
$12.44
N/A
N/A
N/A
Weakening
NXT
— Nextpower Inc. - Class A Common Stock
$12.8B
$85.46
N/A
N/A
N/A
Growing
RUN
— Sunrun Inc. - Common Stock
$2.2B
$9.24
N/A
N/A
N/A
Stable
SEDG
— Solaredge Technologies, Inc. - Common Stock
$2.2B
$36.44
N/A
N/A
N/A
Weakening
SHLS
— Shoals Technologies Group, Inc. - Class A Common Stock
$1.2B
$7.41
N/A
N/A
N/A
Weakening
SPRU
— Spruce Power Holding Corporation Class A Common Stock
$33M
$1.81
N/A
N/A
N/A
Stable
SPWR
— Sunpower Inc. - Common Stock
$48M
$0.33
N/A
N/A
N/A
Growing
TURB
— Turbo Energy, S.A.
ADR
$14M
$1.23
N/A
N/A
N/A
Growing
TYGO
— Tigo Energy, Inc. - Common Stock
$80M
$1.06
N/A
N/A
N/A
Stable
▶ Software-Infrastructure
(42+56 total)
42
-19.6%
+13.1%
Overvalued
19
23
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
PAGS
— Pagseguro Digital Ltd. Class A Common Shares
Foreign
$2.7B
$9.75
$109.00
+1017.9%
Undervalued
Growing
DAVA
— Endava Plc.
ADR
$123M
$2.89
$23.37
+708.7%
Undervalued
Weakening
EEFT
— Euronet Worldwide, Inc. - Common Stock
$2.7B
$71.79
$270.02
+276.1%
Undervalued
Stable
FOUR
— Shift4 Payments, Inc. Class A Common Stock
$3.4B
$42.33
$141.01
+233.1%
Undervalued
Stable
GDDY
— Godaddy
$12.3B
$92.92
$260.09
+179.9%
Undervalued
Stable
DBX
— Dropbox, Inc. - Class A Common Stock
$7.9B
$33.81
$80.83
+139.1%
Undervalued
Growing
PRGS
— Progress Software Corporation - Common Stock
$1.7B
$42.17
$99.87
+136.8%
Undervalued
Stable
PAYO
— Payoneer Global Inc. - Common Stock
$2.4B
$7.13
$15.85
+122.3%
Undervalued
Stable
DOX
— Amdocs Limited - Ordinary Shares
Foreign
$6.4B
$59.95
$120.38
+100.8%
Undervalued
Stable
BOX
— Box, Inc. Class A Common Stock
$4.8B
$34.31
$59.31
+72.9%
Undervalued
Stable
KSPI
— Joint Stock Company Kaspi.kz - American Depository Shares
ADR
$20.4B
$107.12
$185.07
+72.8%
Undervalued
Stable
GEN
— Gen Digital
$18.0B
$29.82
$46.91
+57.3%
Undervalued
Stable
CHKP
— Check Point Software Technologies Ltd. - Ordinary Shares
ADR
$13.9B
$132.90
$177.13
+33.3%
Undervalued
Growing
AKAM
— Akamai Technologies
$15.4B
$105.61
$140.68
+33.2%
Undervalued
Stable
EVTC
— Evertec, Inc. Common Stock
$1.8B
$29.07
$38.21
+31.4%
Undervalued
Growing
ACIW
— ACI Worldwide, Inc. - Common Stock
$5.3B
$51.98
$66.04
+27.0%
Undervalued
Growing
QLYS
— Qualys, Inc. - Common Stock
$6.0B
$169.93
$211.68
+24.6%
Undervalued
Growing
FLYW
— Flywire Corporation - Voting Common Stock
$2.2B
$17.98
$21.63
+20.3%
Undervalued
Growing
NTAP
— Netapp
$37.1B
$189.11
$219.35
+16.0%
Undervalued
Growing
PAY
— Paymentus Holdings, Inc. Class A Common Stock
$4.5B
$35.65
$32.99
-7.5%
Overvalued
Growing
TOST
— Toast, Inc. Class A Common Stock
$19.3B
$33.30
$27.14
-18.5%
Overvalued
Growing
FFIV
— F5, Inc.
$22.0B
$389.71
$309.26
-20.6%
Overvalued
Growing
VRSN
— Verisign
$25.7B
$281.97
$211.38
-25.0%
Overvalued
Growing
OKTA
— Okta, Inc. - Class A Common Stock
$29.1B
$167.54
$124.08
-25.9%
Overvalued
Growing
WEX
— WEX Inc. Common Stock
$6.5B
$187.15
$136.82
-26.9%
Overvalued
Stable
CPAY
— Corpay
$26.6B
$407.05
$293.65
-27.9%
Overvalued
Stable
ATEN
— A10 Networks, Inc. Common Stock
$1.8B
$24.50
$15.98
-34.8%
Overvalued
Stable
WIX
— Wix.com Ltd. - Ordinary Shares
ADR
$3.0B
$72.80
$36.08
-50.4%
Overvalued
Growing
FTNT
— Fortinet
$115.4B
$157.47
$73.95
-53.0%
Overvalued
Growing
MSFT
— Microsoft
$3.67T
$493.92
$203.69
-58.8%
Overvalued
Stable
TUYA
— Tuya Inc.
ADR
$1.0B
$1.86
$0.72
-61.3%
Overvalued
Growing
DOCN
— Digitalocean Holdings, Inc. Common Stock
$13.2B
$126.74
$43.37
-65.8%
Overvalued
Growing
SNPS
— Synopsys
$75.1B
$392.06
$111.41
-71.6%
Overvalued
Stable
DLO
— Dlocal Limited - Class A Common Shares
Foreign
$4.4B
$14.97
$4.18
-72.1%
Overvalued
Stable
XNET
— Xunlei Ltd.
ADR
$311M
$4.94
$1.31
-73.5%
Overvalued
Growing
ORCL
— Oracle Corporation
$468.1B
$162.52
$36.88
-77.3%
Overvalued
Growing
CINT
— Ci&t Inc. Class A Common Shares
Foreign
$414M
$3.22
$0.71
-78.0%
Overvalued
Weakening
CRWD
— Crowdstrike
$213.8B
$210.02
$34.86
-83.4%
Overvalued
Weakening
IMXI
— International Money Express, Inc. - Common Stock
$433M
$14.40
$1.16
-91.9%
Overvalued
Weakening
MLGO
— Microalgo, Inc. - Ordinary Shares
Foreign
$44M
$4.04
$0.18
-95.5%
Overvalued
Stable
PANW
— Palo Alto Networks
$274.0B
$336.98
$2.88
-99.1%
Overvalued
Growing
PLTR
— Palantir Technologies
$408.3B
$170.30
$0.60
-99.6%
Overvalued
Growing
Cannot calculate DCF
AI
— C3.ai, Inc. Class A Common Stock
$1.6B
$10.51
N/A
N/A
N/A
Weakening
AIOT
— Powerfleet, Inc. - Common Stock
$397M
$2.96
N/A
N/A
N/A
Stable
ALAR
— Alarum Technologies Ltd.
ADR
$12M
$1.58
N/A
N/A
N/A
Growing
ALLT
— Allot Ltd. - Ordinary Shares
Foreign
$374M
$7.71
N/A
N/A
N/A
Growing
APPN
— Appian Corporation - Class A Common Stock
$2.5B
$34.59
N/A
N/A
N/A
Growing
AVPT
— Avepoint, Inc. - Class A Common Stock
$2.8B
$13.18
N/A
N/A
N/A
Growing
BAND
— Bandwidth Inc. - Class A Common Stock
$1.4B
$43.55
N/A
N/A
N/A
Stable
BB
— Blackberry Limited Common Stock
$4.6B
$7.88
N/A
N/A
N/A
Growing
BIRD
— Allbirds, Inc. - Class A Common Stock
$22M
$2.50
N/A
N/A
N/A
Stable
BKKT
— Bakkt, Inc. Class A Common Stock
$369M
$8.25
N/A
N/A
N/A
Stable
BLSH
— Bullish Ordinary Shares
Foreign
$5.2B
$35.53
N/A
N/A
N/A
Weakening
BLZE
— Backblaze, Inc. - Common Stock
$833M
$13.88
N/A
N/A
N/A
Growing
CALX
— Calix, Inc. Common Stock
$2.3B
$35.33
N/A
N/A
N/A
Stable
CCSI
— Consensus Cloud Solutions, Inc. - Common Stock
$671M
$36.47
N/A
N/A
N/A
Stable
CGNT
— Cognyte Software Ltd. - Ordinary Shares
Foreign
$607M
$8.23
N/A
N/A
N/A
Growing
CLBT
— Cellebrite DI Ltd. - Ordinary Shares
Foreign
$2.9B
$11.45
N/A
N/A
N/A
Growing
CORZ
— Core Scientific, Inc. - Common Stock
$6.0B
$18.73
N/A
N/A
N/A
Stable
FIVN
— Five9, Inc. - Common Stock
$2.4B
$31.23
N/A
N/A
N/A
Growing
GCT
— Gigacloud Technology Inc. - Class A Ordinary Shares
$1.9B
$52.16
N/A
N/A
N/A
Stable
GRRR
— Gorilla Technology Group Inc. - Ordinary Shares
Foreign
$403M
$14.59
N/A
N/A
N/A
Stable
GTLB
— Gitlab Inc. - Class A Common Stock
$8.0B
$47.15
N/A
N/A
N/A
Stable
IIIV
— I3 Verticals, Inc. - Common Stock
$310M
$15.87
N/A
N/A
N/A
Weakening
IOT
— Samsara Inc. Class A Common Stock
$23.4B
$40.12
N/A
N/A
N/A
Growing
KPLT
— Katapult Holdings, Inc. - Common Stock
$45M
$9.46
N/A
N/A
N/A
Growing
LSAK
— Lesaka Technologies, Inc. - Common Stock
$387M
$4.51
N/A
N/A
N/A
Stable
MDB
— Mongodb, Inc. - Class A Common Stock
$28.6B
$355.94
N/A
N/A
N/A
Stable
MQ
— Marqeta, Inc. - Class A Common Stock
$6.9B
$16.28
N/A
N/A
N/A
Stable
NET
— Cloudflare, Inc. Class A Common Stock
$100.5B
$284.30
N/A
N/A
N/A
Stable
NTCT
— Netscout Systems, Inc. - Common Stock
$2.6B
$36.97
N/A
N/A
N/A
Growing
NTNX
— Nutanix, Inc. - Class A Common Stock
$18.3B
$67.52
N/A
N/A
N/A
Growing
NYAX
— Nayax Ltd. - Ordinary Shares
Foreign
$1.9B
$51.84
N/A
N/A
N/A
Growing
OSPN
— Onespan Inc. - Common Stock
$597M
$16.10
N/A
N/A
N/A
Growing
PATH
— Uipath, Inc. Class A Common Stock
$7.3B
$14.01
N/A
N/A
N/A
Growing
PGY
— Pagaya Technologies Ltd. - Class A Ordinary Shares
$1.8B
$22.08
N/A
N/A
N/A
Growing
PRTH
— Priority Technology Holdings, Inc. - Common Stock
$452M
$5.49
N/A
N/A
N/A
Growing
PSFE
— Paysafe Limited Common Shares
Foreign
$334M
$6.52
N/A
N/A
N/A
Stable
RAMP
— Liveramp Holdings, Inc. Common Stock
$2.3B
$37.74
N/A
N/A
N/A
Growing
RDWR
— Radware Ltd. - Ordinary Shares
Foreign
$1.2B
$27.93
N/A
N/A
N/A
Growing
RELY
— Remitly Global, Inc. - Common Stock
$5.2B
$24.83
N/A
N/A
N/A
Growing
RPAY
— Repay Holdings Corporation - Class A Common Stock
$306M
$3.69
N/A
N/A
N/A
Weakening
RPD
— Rapid7, Inc. - Common Stock
$700M
$10.47
N/A
N/A
N/A
Growing
RXT
— Rackspace Technology, Inc. - Common Stock
$805M
$3.23
N/A
N/A
N/A
Weakening
S
— Sentinelone, Inc. Class A Common Stock
$6.7B
$19.43
N/A
N/A
N/A
Growing
SABR
— Sabre Corporation - Common Stock
$897M
$2.27
N/A
N/A
N/A
Stable
SANG
— Sangoma Technologies Corporation - Common Shares
Foreign
$123M
$3.69
N/A
N/A
N/A
Weakening
STNE
— Stoneco Ltd. - Class A Common Share
Foreign
$2.4B
$10.02
N/A
N/A
N/A
Stable
TCX
— Tucows Inc. - Common Stock
$118M
$10.59
N/A
N/A
N/A
Stable
TDC
— Teradata Corporation Common Stock
$2.6B
$27.76
N/A
N/A
N/A
Stable
TENB
— Tenable Holdings, Inc. - Common Stock
$3.7B
$33.70
N/A
N/A
N/A
Growing
TLS
— Telos Corporation - Common Stock
$349M
$4.67
N/A
N/A
N/A
Stable
TWLO
— Twilio Inc. Class A Common Stock
$34.3B
$225.78
N/A
N/A
N/A
Growing
VRNS
— Varonis Systems, Inc. - Common Stock
$5.2B
$45.46
N/A
N/A
N/A
Stable
XYZ
— Block, Inc.
$47.7B
$80.07
N/A
N/A
N/A
Growing
YEXT
— Yext, Inc. Common Stock
$639M
$6.38
N/A
N/A
N/A
Growing
ZETA
— Zeta Global Holdings Corp. Class A Common Stock
$7.7B
$30.76
N/A
N/A
N/A
Stable
ZS
— Zscaler, Inc. - Common Stock
$26.2B
$161.97
N/A
N/A
N/A
Stable
▶ Scientific & Technical Instruments
(11+6 total)
11
-43.7%
-21.2%
Overvalued
3
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ITRI
— Itron, Inc. - Common Stock
$4.3B
$96.52
$191.56
+98.5%
Undervalued
Growing
VNT
— Vontier Corporation Common Stock
$4.6B
$32.56
$46.42
+42.6%
Undervalued
Growing
BMI
— Badger Meter, Inc. Common Stock
$3.8B
$128.56
$140.57
+9.3%
Undervalued
Growing
TDY
— Teledyne Technologies
$28.0B
$605.22
$502.82
-16.9%
Overvalued
Stable
GRMN
— Garmin
$53.2B
$275.63
$179.07
-35.0%
Overvalued
Growing
FTV
— Fortive
$17.2B
$56.49
$31.80
-43.7%
Overvalued
Weakening
ITRN
— Ituran Location and Control Ltd. - Ordinary Shares
Foreign
$1.0B
$51.91
$28.72
-44.7%
Overvalued
Growing
KEYS
— Keysight Technologies
$56.9B
$333.34
$173.67
-47.9%
Overvalued
Weakening
ESE
— Esco Technologies Inc. Common Stock
$7.0B
$272.05
$132.14
-51.4%
Overvalued
Growing
TRMB
— Trimble Inc.
$13.7B
$58.75
$18.71
-68.2%
Overvalued
Weakening
NOVT
— Novanta Inc. - Common Shares
$5.3B
$149.22
$35.84
-76.0%
Overvalued
Weakening
Cannot calculate DCF
CGNX
— Cognex Corporation - Common Stock
$10.4B
$62.23
N/A
N/A
N/A
Stable
COHR
— Coherent Corp.
$59.1B
$301.88
N/A
N/A
N/A
Growing
MKSI
— MKS Inc. - Common Stock
$17.9B
$265.34
N/A
N/A
N/A
Growing
MLAB
— Mesa Laboratories, Inc. - Common Stock
$682M
$123.40
N/A
N/A
N/A
Growing
ST
— Sensata Technologies Holding Plc. Ordinary Shares
$6.2B
$42.58
N/A
N/A
N/A
Stable
VPG
— Vishay Precision Group, Inc. Common Stock
$859M
$64.60
N/A
N/A
N/A
Weakening
▶ Electronic Components
(19+8 total)
19
-43.8%
-37.9%
Overvalued
4
13
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CTS
— CTS Corporation Common Stock
$1.6B
$56.70
$74.37
+31.2%
Undervalued
Growing
APH
— Amphenol
$100.6B
$81.76
$104.97
+28.4%
Undervalued
Growing
TEL
— TE Connectivity
$59.9B
$205.09
$244.49
+19.2%
Undervalued
Stable
LYTS
— LSI Industries Inc. - Common Stock
$717M
$19.54
$21.11
+8.0%
Undervalued
Weakening
OLED
— Universal Display Corporation - Common Stock
$3.8B
$82.27
$81.10
+0.0%
Fair
Growing
SANM
— Sanmina Corporation - Common Stock
$11.0B
$205.21
$206.71
+0.0%
Fair
Stable
JBL
— Jabil
$32.7B
$312.28
$255.53
-18.2%
Overvalued
Stable
ALNT
— Allient Inc. - Common Stock
$1.6B
$95.63
$60.97
-36.2%
Overvalued
Stable
PLXS
— Plexus Corp. - Common Stock
$6.7B
$249.90
$147.64
-40.9%
Overvalued
Growing
FLEX
— Flex Ltd. - Ordinary Shares
$41.9B
$114.30
$64.24
-43.8%
Overvalued
Stable
BELFA
— Bel Fuse Inc. - Class A Common Stock
$3.0B
$209.45
$104.35
-50.2%
Overvalued
Stable
BELFB
— Bel Fuse Inc. - Class B Common Stock
$3.5B
$248.51
$104.35
-58.0%
Overvalued
Stable
OSIS
— OSI Systems, Inc. - Common Stock
$3.4B
$204.25
$83.75
-59.0%
Overvalued
Growing
FN
— Fabrinet Ordinary Shares
$14.9B
$416.40
$145.47
-65.1%
Overvalued
Growing
CLS
— Celestica, Inc. Common Stock
$37.9B
$329.97
$70.90
-78.5%
Overvalued
Growing
GLW
— Corning Inc.
$142.9B
$166.00
$30.38
-81.7%
Overvalued
Growing
BHE
— Benchmark Electronics, Inc. Common Stock
$2.7B
$73.95
$12.36
-83.3%
Overvalued
Weakening
VICR
— Vicor Corporation - Common Stock
$8.8B
$192.68
$17.29
-91.0%
Overvalued
Growing
TTMI
— TTM Technologies, Inc. - Common Stock
$13.4B
$129.36
$-1.02
-100.8%
Overvalued
Growing
Cannot calculate DCF
DAKT
— Daktronics, Inc. - Common Stock
$948M
$19.66
N/A
N/A
N/A
Stable
KN
— Knowles Corporation Common Stock
$3.0B
$35.61
N/A
N/A
N/A
Weakening
LFUS
— Littelfuse, Inc. - Common Stock
$10.7B
$422.81
N/A
N/A
N/A
Weakening
MEI
— Methode Electronics, Inc. Common Stock
$499M
$14.06
N/A
N/A
N/A
Weakening
OUST
— Ouster, Inc. - Common Stock
$2.4B
$37.49
N/A
N/A
N/A
Stable
RELL
— Richardson Electronics, Ltd. - Common Stock
$257M
$17.66
N/A
N/A
N/A
Weakening
ROG
— Rogers Corporation Common Stock
$2.3B
$129.91
N/A
N/A
N/A
Weakening
WBX
— Wallbox N.V. Class A Ordinary Shares
Foreign
$62M
$3.55
N/A
N/A
N/A
Growing
▶ Communication Equipment
(11+17 total)
11
-51.6%
-52.0%
Overvalued
0
10
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ZBRA
— Zebra Technologies
$16.8B
$352.50
$362.98
+0.0%
Fair
Growing
DGII
— Digi International Inc. - Common Stock
$2.6B
$69.79
$62.48
-10.5%
Overvalued
Growing
AUDC
— Audiocodes Ltd. - Ordinary Shares
Foreign
$266M
$9.93
$7.37
-25.8%
Overvalued
Growing
MSI
— Motorola Solutions
$76.9B
$463.31
$323.04
-30.3%
Overvalued
Growing
GILT
— Gilat Satellite Networks Ltd. - Ordinary Shares
Foreign
$739M
$9.95
$5.17
-48.0%
Overvalued
Weakening
BDC
— Belden Inc. Common Stock
$4.8B
$122.04
$59.11
-51.6%
Overvalued
Stable
UI
— Ubiquiti Inc. Common Stock
$35.2B
$581.15
$247.83
-57.4%
Overvalued
Growing
CSCO
— Cisco
$430.3B
$109.17
$45.80
-58.0%
Overvalued
Weakening
CIEN
— Ciena
$48.3B
$341.29
$108.06
-68.3%
Overvalued
Stable
AVNW
— Aviat Networks, Inc. - Common Stock
$255M
$19.70
$-1.60
-108.1%
Overvalued
Weakening
HPE
— Hewlett Packard Enterprise
$74.2B
$56.05
$-7.74
-113.8%
Overvalued
Weakening
Cannot calculate DCF
AAOI
— Applied Optoelectronics, Inc. - Common Stock
$9.0B
$111.55
N/A
N/A
N/A
Stable
ADTN
— Adtran Holdings, Inc. - Common Stock
$614M
$7.58
N/A
N/A
N/A
Stable
CLFD
— Clearfield, Inc. - Common Stock
$393M
$28.90
N/A
N/A
N/A
Weakening
CMTL
— Comtech Telecommunications Corp. - Common Stock
$47M
$1.57
N/A
N/A
N/A
Weakening
CRNT
— Ceragon Networks Ltd. - Ordinary Shares
Foreign
$186M
$2.05
N/A
N/A
N/A
Weakening
ERIC
— Ericsson LM Telephone Co.
ADR
$30.3B
$10.07
N/A
N/A
N/A
Growing
EXTR
— Extreme Networks, Inc. - Common Stock
$2.8B
$21.66
N/A
N/A
N/A
Weakening
HLIT
— Harmonic Inc. - Common Stock
$1.3B
$11.98
N/A
N/A
N/A
Weakening
INSG
— Inseego Corp. - Common Stock
$71M
$4.37
N/A
N/A
N/A
Growing
LITE
— Lumentum
$76.1B
$978.54
N/A
N/A
N/A
Stable
LTRX
— Lantronix, Inc. - Common Stock
$209M
$5.26
N/A
N/A
N/A
Weakening
NOK
— Nokia Corp.
ADR
$61.2B
$10.66
N/A
N/A
N/A
Stable
NTGR
— Netgear, Inc. - Common Stock
$566M
$21.10
N/A
N/A
N/A
Stable
TSAT
— Telesat Corporation - Class A Common Shares and Class B Variable Voting Shares
Foreign
$716M
$47.02
N/A
N/A
N/A
Weakening
VIAV
— Viavi Solutions Inc. - Common Stock
$9.6B
$38.73
N/A
N/A
N/A
Stable
VISN
— Vistance Networks, Inc. - Common Stock
$1.5B
$6.48
N/A
N/A
N/A
Growing
VSAT
— Viasat, Inc. - Common Stock
$10.6B
$77.78
N/A
N/A
N/A
Growing
▶ Electronics & Computer Distribution
(6+2 total)
6
-52.3%
-47.1%
Overvalued
1
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SNX
— TD Synnex Corporation Common Stock
$20.5B
$258.67
$399.88
+54.6%
Undervalued
Growing
CNXN
— PC Connection, Inc. - Common Stock
$2.1B
$83.64
$54.63
-34.7%
Overvalued
Stable
SCSC
— Scansource, Inc. - Common Stock
$1.2B
$57.69
$35.70
-38.1%
Overvalued
Stable
NSIT
— Insight Enterprises, Inc. - Common Stock
$4.8B
$157.47
$52.76
-66.5%
Overvalued
Weakening
CLMB
— Climb Global Solutions, Inc. - Common Stock
$514M
$27.84
$3.74
-86.6%
Overvalued
Stable
ARW
— Arrow Electronics, Inc. Common Stock
$11.1B
$217.51
$-24.69
-111.4%
Overvalued
Weakening
Cannot calculate DCF
AVT
— Avnet, Inc. - Common Stock
$7.6B
$92.42
N/A
N/A
N/A
Weakening
IZM
— Iczoom Group Inc. - Class A Ordinary Shares
Foreign
$3M
$0.25
N/A
N/A
N/A
Weakening
▶ Consumer Electronics
(1+9 total)
1
-57.0%
-57.0%
Overvalued
0
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
AAPL
— Apple Inc.
$4.64T
$316.22
$136.03
-57.0%
Overvalued
Growing
Cannot calculate DCF
BOXL
— Boxlight Corporation - Class A Common Stock
$24M
$5.94
N/A
N/A
N/A
Weakening
GPRO
— Gopro, Inc. - Class A Common Stock
$253M
$1.46
N/A
N/A
N/A
Stable
LPL
— LG Display Co., Ltd. American Depository Shares
ADR
$3.3B
$3.26
N/A
N/A
N/A
Growing
SONO
— Sonos, Inc. - Common Stock
$1.7B
$14.46
N/A
N/A
N/A
Stable
SONY
— Sony Group Corp.
ADR
$137.7B
$23.52
N/A
N/A
N/A
Weakening
TBCH
— Turtle Beach Corporation - Common Stock
$244M
$12.28
N/A
N/A
N/A
Growing
UEIC
— Universal Electronics Inc. - Common Stock
$59M
$4.69
N/A
N/A
N/A
Stable
WTO
— Utime Limited - Class A Ordinary Shares
$14M
$6.96
N/A
N/A
N/A
Weakening
ZEPP
— Zepp Health Corp.
ADR
$42M
$4.91
N/A
N/A
N/A
Weakening
▶ Semiconductor Equipment & Materials
(14+9 total)
14
-63.5%
-63.9%
Overvalued
0
14
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ACLS
— Axcelis Technologies, Inc. - Common Stock
$3.7B
$119.17
$87.14
-26.9%
Overvalued
Weakening
PLAB
— Photronics, Inc. - Common Stock
$1.7B
$29.36
$17.50
-40.4%
Overvalued
Stable
ONTO
— Onto Innovation Inc. Common Stock
$14.0B
$281.20
$149.60
-46.8%
Overvalued
Stable
CAMT
— Camtek Ltd. - Ordinary Shares
Foreign
$6.8B
$146.66
$69.38
-52.7%
Overvalued
Stable
ASML
— Asml Holding N.V. - New York Registry Shares
ADR
$680.3B
$1765.11
$818.26
-53.6%
Overvalued
Growing
NVMI
— Nova Ltd. - Ordinary Shares
Foreign
$12.0B
$377.37
$168.89
-55.2%
Overvalued
Growing
AMKR
— Amkor Technology, Inc. - Common Stock
$12.6B
$50.72
$18.62
-63.3%
Overvalued
Stable
LRCX
— Lam Research
$400.9B
$320.61
$116.83
-63.6%
Overvalued
Growing
KLAC
— KLA Corporation
$247.1B
$189.03
$64.97
-65.6%
Overvalued
Growing
ENTG
— Entegris, Inc. - Common Stock
$21.5B
$141.02
$39.66
-71.9%
Overvalued
Growing
TER
— Teradyne
$58.2B
$372.07
$66.61
-82.1%
Overvalued
Growing
AMAT
— Applied Materials
$375.4B
$472.79
$57.75
-87.8%
Overvalued
Stable
ACMR
— ACM Research, Inc. - Class A Common Stock
$5.3B
$76.91
$8.93
-88.4%
Overvalued
Stable
FORM
— Formfactor, Inc. - Common Stock
$8.6B
$109.84
$4.14
-96.2%
Overvalued
Stable
Cannot calculate DCF
AMBA
— Ambarella, Inc. - Ordinary Shares
$2.8B
$63.48
N/A
N/A
N/A
Stable
COHU
— Cohu, Inc. - Common Stock
$2.5B
$53.17
N/A
N/A
N/A
Weakening
DQ
— Daqo NEW Energy Corp.
ADR
$844M
$12.48
N/A
N/A
N/A
Weakening
ICHR
— Ichor Holdings - Ordinary Shares
$2.0B
$58.18
N/A
N/A
N/A
Weakening
INTT
— Intest Corporation Common Stock
$144M
$11.45
N/A
N/A
N/A
Weakening
IPGP
— IPG Photonics Corporation - Common Stock
$3.4B
$79.54
N/A
N/A
N/A
Weakening
KLIC
— Kulicke and Soffa Industries, Inc. - Common Stock
$4.3B
$83.05
N/A
N/A
N/A
Weakening
UCTT
— Ultra Clean Holdings, Inc. - Common Stock
$3.4B
$75.63
N/A
N/A
N/A
Weakening
VECO
— Veeco Instruments Inc. - Common Stock
$2.8B
$45.62
N/A
N/A
N/A
Stable
▶ Semiconductors
(21+27 total)
21
-65.3%
-30.3%
Overvalued
4
17
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ASX
— ASE Technology Holding Co., Ltd.
ADR
$87.3B
$39.80
$456.74
+1047.6%
Undervalued
Growing
CRUS
— Cirrus Logic, Inc. - Common Stock
$5.6B
$110.76
$313.69
+183.2%
Undervalued
Growing
QCOM
— Qualcomm
$183.5B
$174.08
$279.05
+60.3%
Undervalued
Stable
STM
— Stmicroelectronics N.V. Common Stock
ADR
$46.2B
$51.98
$59.97
+15.4%
Undervalued
Weakening
DIOD
— Diodes Incorporated - Common Stock
$4.2B
$90.79
$78.05
-14.0%
Overvalued
Weakening
RMBS
— Rambus, Inc. - Common Stock
$9.4B
$86.90
$74.61
-14.1%
Overvalued
Stable
NXPI
— NXP Semiconductors
$56.5B
$223.90
$177.29
-20.8%
Overvalued
Weakening
UMC
— United Microelectronics Corporation NEW Common Stock
ADR
$54.9B
$21.84
$15.99
-26.8%
Overvalued
Stable
ADI
— Analog Devices
$176.9B
$363.20
$196.30
-46.0%
Overvalued
Weakening
NVDA
— Nvidia
$5.47T
$225.82
$94.55
-58.1%
Overvalued
Growing
CRDO
— Credo Technology Group Holding Ltd. - Ordinary Shares
$31.1B
$167.75
$58.23
-65.3%
Overvalued
Growing
AVGO
— Broadcom
$1.75T
$368.10
$123.58
-66.4%
Overvalued
Stable
ALGM
— Allegro Microsystems, Inc. - Common Stock
$6.8B
$36.47
$10.43
-71.4%
Overvalued
Growing
MPWR
— Monolithic Power Systems
$59.9B
$1218.56
$333.89
-72.6%
Overvalued
Stable
LSCC
— Lattice Semiconductor Corporation - Common Stock
$16.1B
$117.53
$23.88
-79.7%
Overvalued
Weakening
AMD
— Advanced Micro Devices
$824.7B
$505.74
$99.17
-80.4%
Overvalued
Growing
TXN
— Texas Instruments
$235.6B
$258.89
$37.28
-85.6%
Overvalued
Stable
HIMX
— Himax Technologies, Inc.
ADR
$2.4B
$14.12
$0.57
-96.0%
Overvalued
Weakening
ARM
— ARM Holdings Plc. /Uk
ADR
$278.7B
$261.95
$2.43
-99.1%
Overvalued
Growing
SIMO
— Silicon Motion Technology Corp.
ADR
$9.1B
$271.46
$0.25
-99.9%
Overvalued
Growing
TSEM
— Tower Semiconductor Ltd. - Ordinary Shares
Foreign
$24.8B
$219.75
$0.02
-100.0%
Overvalued
Weakening
Cannot calculate DCF
AOSL
— Alpha and Omega Semiconductor Limited - Common Shares
$764M
$25.51
N/A
N/A
N/A
Stable
CEVA
— Ceva, Inc. - Common Stock
$787M
$28.24
N/A
N/A
N/A
Stable
GFS
— Globalfoundries Inc. - Ordinary Share
Foreign
$24.7B
$45.09
N/A
N/A
N/A
Weakening
ICG
— Intchains Group Ltd.
ADR
$28M
$0.97
N/A
N/A
N/A
Stable
IMOS
— Chipmos Technologies Inc.
ADR
$2.0B
$57.28
N/A
N/A
N/A
Stable
INDI
— Indie Semiconductor, Inc. - Class A Common Stock
$740M
$3.50
N/A
N/A
N/A
Weakening
INTC
— Intel
$524.4B
$104.34
N/A
N/A
N/A
Weakening
LASR
— Nlight, Inc. - Common Stock
$2.3B
$41.51
N/A
N/A
N/A
Growing
MCHP
— Microchip Technology
$39.8B
$73.41
N/A
N/A
N/A
Weakening
MRVL
— Marvell Technology, Inc. - Common Stock
$197.0B
$225.24
N/A
N/A
N/A
Growing
MTSI
— Macom Technology Solutions Holdings, Inc. - Common Stock
$21.0B
$274.78
N/A
N/A
N/A
Stable
MU
— Micron Technology
$1.13T
$1002.79
N/A
N/A
N/A
Growing
MX
— Magnachip Semiconductor Corporation Common Stock
$114M
$3.12
N/A
N/A
N/A
Weakening
MXL
— Maxlinear, Inc. - Common Stock
$6.0B
$66.55
N/A
N/A
N/A
Weakening
ON
— ON Semiconductor
$27.9B
$71.11
N/A
N/A
N/A
Weakening
PI
— Impinj, Inc. - Common Stock
$5.2B
$171.82
N/A
N/A
N/A
Growing
POWI
— Power Integrations, Inc. - Common Stock
$2.8B
$50.46
N/A
N/A
N/A
Stable
QRVO
— Qorvo, Inc. - Common Stock
$9.2B
$104.08
N/A
N/A
N/A
Growing
SITM
— Sitime Corporation - Common Stock
$15.8B
$598.84
N/A
N/A
N/A
Stable
SKYT
— Skywater Technology, Inc. - Common Stock
$1.6B
$32.42
N/A
N/A
N/A
Stable
SLAB
— Silicon Laboratories, Inc. - Common Stock
$7.3B
$220.05
N/A
N/A
N/A
Stable
SMTC
— Semtech Corporation - Common Stock
$15.1B
$162.53
N/A
N/A
N/A
Stable
SWKS
— Skyworks Solutions
$11.3B
$75.39
N/A
N/A
N/A
Weakening
SYNA
— Synaptics Incorporated - Common Stock
$3.7B
$94.83
N/A
N/A
N/A
Weakening
TSM
— Taiwan Semiconductor Manufacturing Company Ltd.
ADR
$2.28T
$439.01
N/A
N/A
N/A
Growing
VSH
— Vishay Intertechnology, Inc. Common Stock
$4.3B
$31.48
N/A
N/A
N/A
Weakening
WOLF
— Wolfspeed, Inc. Common Stock New
$1.4B
$28.87
N/A
N/A
N/A
Weakening
▶ Technology
(1+1 total)
1
-151.9%
-151.9%
Overvalued
0
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
FISV
— Fiserv
$27.1B
$50.88
$-26.40
-151.9%
Overvalued
Growing
Cannot calculate DCF
CORZZ
— Core Scientific, Inc. - Tranche 2 Warrants
$6.0B
$18.74
N/A
N/A
N/A
Stable
▶ Industrials269
-28.2%
86 /
170 /
13
-15.1%
Overvalued
86
170
13
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Airports & Air Services
(4+2 total)
4
+108.2%
+75.8%
Undervalued
3
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CAAP
— Corporacion America Airports S.A. Common Shares
Foreign
$3.9B
$24.17
$66.12
+173.6%
Undervalued
Growing
PAC
— Grupo Aeroportuario Del Pacifico, S.A. B de C.v. Grupo Aeroportuario Del Pacifico, S.A. de C.v. (Each Representing 10 Series B Shares)
ADR
$10.7B
$205.38
$492.40
+139.8%
Undervalued
Weakening
ASLE
— Aersale Corporation - Common Stock
$269M
$5.70
$10.07
+76.7%
Undervalued
Growing
OMAB
— Central North Airport Group
ADR
$4.2B
$99.31
$13.00
-86.9%
Overvalued
Growing
Cannot calculate DCF
ASR
— Grupo Aeroportuario Del Sureste, S.A. de C.v. Common Stock
ADR
$7.1B
$256.53
N/A
N/A
N/A
Stable
UP
— Wheels Up Experience Inc. Class A Common Stock
$160M
$4.41
N/A
N/A
N/A
Stable
▶ Marine Shipping
(15+6 total)
15
+99.7%
+60.3%
Undervalued
9
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
GASS
— Stealthgas, Inc. - Common Stock
Foreign
$342M
$9.20
$56.62
+515.4%
Undervalued
Stable
CMRE
— Costamare Inc. Common Stock $0.0001 Par Value
Foreign
$1.8B
$14.90
$69.59
+367.0%
Undervalued
Stable
DAC
— Danaos Corporation Common Stock
Foreign
$2.8B
$152.97
$519.34
+239.5%
Undervalued
Stable
ZIM
— ZIM Integrated Shipping Services Ltd. Ordinary Shares
ADR
$3.6B
$30.08
$97.84
+225.3%
Undervalued
Growing
NMM
— Navios Maritime Partners L.P. Common Units Representing Limited Partner Interests
LP
Foreign
$2.6B
$90.42
$288.66
+219.2%
Undervalued
Stable
SB
— Safe Bulkers, Inc. Common Stock ($0.001 Par Value)
Foreign
$915M
$8.95
$22.89
+155.8%
Undervalued
Stable
PANL
— Pangaea Logistics Solutions Ltd. - Common Stock
$544M
$8.31
$16.92
+103.6%
Undervalued
Stable
ASC
— Ardmore Shipping Corporation Common Stock
Foreign
$734M
$18.00
$35.94
+99.7%
Undervalued
Weakening
SBLK
— Star Bulk Carriers Corp. - Common Shares
Foreign
$3.5B
$31.00
$49.36
+59.2%
Undervalued
Stable
KEX
— Kirby Corporation Common Stock
$7.4B
$138.12
$127.73
-7.5%
Overvalued
Growing
SHIP
— Seanergy Maritime Holdings Corp. - Common Stock
Foreign
$386M
$18.27
$8.87
-51.5%
Overvalued
Growing
DSX
— Diana Shipping Inc. Common Stock
Foreign
$368M
$2.96
$0.71
-76.0%
Overvalued
Weakening
MATX
— Matson, Inc. Common Stock
$6.8B
$223.69
$40.67
-81.8%
Overvalued
Stable
ESEA
— Euroseas Ltd. - Common Stock
Foreign
$538M
$76.27
$2.15
-97.2%
Overvalued
Growing
CCEC
— Capital Clean Energy Carriers Corp. - Common Share
Foreign
$1.4B
$22.46
$-34.42
-253.3%
Overvalued
Growing
Cannot calculate DCF
GNK
— Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)
$1.2B
$26.80
N/A
N/A
N/A
Stable
GSL
— Global Ship Lease Inc. New Class A Common Shares
Foreign
$1.6B
$44.69
N/A
N/A
N/A
Growing
HAFN
— Hafnia Limited Common Shares
Foreign
$4.6B
$8.96
N/A
N/A
N/A
Weakening
HTCO
— High-trend International Group - Class A Ordinary Shares
Foreign
$18M
$2.50
N/A
N/A
N/A
Growing
SFL
— SFL Corporation Ltd.
Foreign
$1.8B
$12.59
N/A
N/A
N/A
Weakening
SMHI
— Seacor Marine Holdings Inc. Common Stock
$261M
$9.63
N/A
N/A
N/A
Weakening
▶ Staffing & Employment Services
(4+9 total)
4
+57.8%
+51.0%
Undervalued
3
0
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
KFY
— Korn Ferry Common Stock
$4.1B
$81.80
$154.38
+88.7%
Undervalued
Stable
TNET
— Trinet Group, Inc. Common Stock
$3.0B
$65.59
$107.30
+63.6%
Undervalued
Weakening
BBSI
— Barrett Business Services, Inc. - Common Stock
$798M
$32.48
$49.33
+51.9%
Undervalued
Stable
KFRC
— Kforce, Inc. Common Stock
$911M
$51.08
$51.28
+0.0%
Fair
Weakening
Cannot calculate DCF
ATLN
— Atlantic International Corp. - Common Stock
$71M
$0.90
N/A
N/A
N/A
Stable
KELYA
— Kelly Services, Inc. - Class A Common Stock
$556M
$16.05
N/A
N/A
N/A
Stable
KELYB
— Kelly Services, Inc. - Class B Common Stock
$745M
$21.50
N/A
N/A
N/A
Stable
MAN
— Manpowergroup Common Stock
$2.7B
$57.23
N/A
N/A
N/A
Weakening
MHH
— Mastech Digital, Inc. Common Stock
$89M
$7.45
N/A
N/A
N/A
Stable
NSP
— Insperity, Inc. Common Stock
$1.9B
$49.59
N/A
N/A
N/A
Weakening
RHI
— Robert Half Inc. Common Stock
$4.0B
$39.21
N/A
N/A
N/A
Weakening
STRR
— Star Equity Holdings, Inc. - Common Stock
$40M
$10.81
N/A
N/A
N/A
Stable
TBI
— Trueblue, Inc. Common Stock
$285M
$9.38
N/A
N/A
N/A
Weakening
▶ Rental & Leasing Services
(8+7 total)
8
+36.4%
+17.5%
Undervalued
5
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
WLFC
— Willis Lease Finance Corporation - Common Stock
$458M
$57.51
$412.19
+616.7%
Undervalued
Growing
HRI
— Herc Holdings Inc. Common Stock
$4.9B
$146.41
$658.30
+349.6%
Undervalued
Weakening
PRG
— Prog Holdings, Inc. Common Stock
$1.5B
$38.08
$120.59
+216.7%
Undervalued
Growing
URI
— United Rentals
$63.6B
$1015.12
$1596.53
+57.3%
Undervalued
Stable
MGRC
— McGrath Rentcorp - Common Stock
$2.7B
$110.72
$127.90
+15.5%
Undervalued
Stable
R
— Ryder System, Inc. Common Stock
$9.6B
$247.57
$-81.57
-132.9%
Overvalued
Growing
AER
— Aercap Holdings N.V. Ordinary Shares
Foreign
$23.2B
$143.54
$-189.88
-232.3%
Overvalued
Growing
GATX
— Gatx Corporation Common Stock
$6.3B
$176.49
$-297.05
-268.3%
Overvalued
Growing
Cannot calculate DCF
ALTG
— Alta Equipment Group Inc. Class A Common Stock
$199M
$6.12
N/A
N/A
N/A
Weakening
CAR
— Avis Budget Group, Inc. - Common Stock
$4.7B
$133.76
N/A
N/A
N/A
Weakening
CTOS
— Custom Truck One Source, Inc. Common Stock
$2.1B
$9.44
N/A
N/A
N/A
Weakening
HTZ
— Hertz Global Holdings, Inc. - Common Stock
$692M
$2.19
N/A
N/A
N/A
Weakening
UHAL
— U-haul Holding Company Common Stock
$12.6B
$64.08
N/A
N/A
N/A
Growing
VSTS
— Vestis Corporation Common Stock
$1.7B
$13.65
N/A
N/A
N/A
Weakening
WSC
— Willscot Holdings Corporation - Class A Common Stock
$3.6B
$19.85
N/A
N/A
N/A
Weakening
▶ Consulting Services
(7+4 total)
7
+12.3%
+22.4%
Undervalued
4
2
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BAH
— Booz Allen Hamilton Holding Corporation Common Stock
$8.6B
$72.11
$177.34
+145.9%
Undervalued
Growing
HURN
— Huron Consulting Group Inc. - Common Stock
$2.4B
$147.75
$237.16
+60.5%
Undervalued
Growing
ICFI
— ICF International, Inc. - Common Stock
$1.6B
$87.16
$135.27
+55.2%
Undervalued
Stable
EFX
— Equifax
$20.5B
$171.75
$192.91
+12.3%
Undervalued
Growing
VRSK
— Verisk Analytics
$23.0B
$175.59
$183.97
+0.0%
Fair
Growing
FCN
— FTI Consulting, Inc. Common Stock
$4.6B
$151.47
$66.38
-56.2%
Overvalued
Weakening
CRAI
— CRA International,Inc. - Common Stock
$1.1B
$168.06
$66.10
-60.7%
Overvalued
Growing
Cannot calculate DCF
FORR
— Forrester Research, Inc. - Common Stock
$238M
$12.25
N/A
N/A
N/A
Weakening
LAWR
— Robot Consulting Co., Ltd.
ADR
$172M
$3.75
N/A
N/A
N/A
Weakening
PPHC
— Public Policy Holding Company, Inc. - Common Stock
$331M
$11.45
N/A
N/A
N/A
Growing
RGP
— Resources Connection, Inc. - Common Stock
$138M
$4.03
N/A
N/A
N/A
Weakening
▶ Specialty Business Services
(19+12 total)
19
+0.0%
+22.1%
Fair
8
9
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
THH
— Tryhard Holdings Limited - Ordinary Shares
Foreign
$87M
$1.74
$43.56
+2403.4%
Undervalued
Growing
LZ
— Legalzoom.com, Inc. - Common Stock
$1.0B
$6.02
$21.58
+258.5%
Undervalued
Growing
MMS
— Maximus, Inc. Common Stock
$3.0B
$56.30
$143.77
+155.4%
Undervalued
Growing
DLB
— Dolby Laboratories Common Stock
$5.9B
$62.33
$109.17
+75.1%
Undervalued
Growing
RTO
— Rentokil Initial Plc. /Fi
ADR
$11.6B
$23.09
$34.23
+48.2%
Undervalued
Growing
GPN
— Global Payments
$24.5B
$89.47
$121.07
+35.3%
Undervalued
Growing
CASS
— Cass Information Systems, Inc. - Common Stock
$710M
$55.16
$70.02
+26.9%
Undervalued
Growing
RELX
— Relx Plc.
ADR
$63.1B
$34.70
$36.62
+5.5%
Undervalued
Growing
CPRT
— Copart
$30.2B
$32.60
$31.66
+0.0%
Fair
Growing
RBA
— RB Global, Inc. Common Stock
$15.3B
$81.92
$81.69
+0.0%
Fair
Growing
CBZ
— Cbiz, Inc. Common Stock
$2.9B
$54.67
$50.63
-7.4%
Overvalued
Stable
AZZ
— AZZ Inc.
$4.2B
$139.69
$108.79
-22.1%
Overvalued
Growing
UNF
— Unifirst Corporation Common Stock
$4.8B
$275.46
$205.87
-25.3%
Overvalued
Growing
ARMK
— Aramark Common Stock
$15.1B
$57.58
$41.17
-28.5%
Overvalued
Weakening
ULS
— UL Solutions Inc. Class A Common Stock
$14.7B
$73.11
$46.35
-36.6%
Overvalued
Growing
TRI
— Thomson Reuters Corp. - Common Shares
Foreign
$43.1B
$98.82
$61.78
-37.5%
Overvalued
Weakening
CTAS
— Cintas
$80.2B
$200.55
$98.52
-50.9%
Overvalued
Growing
TRNS
— Transcat, Inc. - Common Stock
$788M
$84.39
$39.37
-53.3%
Overvalued
Stable
ABM
— ABM Industries Incorporated Common Stock
$3.0B
$50.60
$17.33
-65.8%
Overvalued
Weakening
Cannot calculate DCF
BV
— Brightview Holdings, Inc. Common Stock
$1.0B
$11.19
N/A
N/A
N/A
Stable
CMPR
— Cimpress Plc. - Ordinary Shares
$2.1B
$84.90
N/A
N/A
N/A
Growing
CRE
— Cre8 Enterprise Limited - Class A Ordinary Shares
Foreign
$6M
$2.82
N/A
N/A
N/A
Stable
DLHC
— DLH Holdings Corp. - Common Stock
$58M
$3.98
N/A
N/A
N/A
Weakening
FA
— First Advantage Corporation - Common Stock
$3.5B
$20.63
N/A
N/A
N/A
Stable
KODK
— Eastman Kodak Company Common New
$907M
$9.29
N/A
N/A
N/A
Stable
QUAD
— Quad Graphics, Inc. Class A Common Stock
$526M
$10.21
N/A
N/A
N/A
Stable
SFHG
— Samfine Creation Holdings Group Limited - Class A Ordinary Share
Foreign
$9M
$2.42
N/A
N/A
N/A
Stable
SGRP
— Spar Group, Inc. - Common Stock
$7M
$0.28
N/A
N/A
N/A
Weakening
SST
— System1, Inc. Class A Common Stock
$41M
$5.03
N/A
N/A
N/A
Stable
TH
— Target Hospitality Corp. - Common Stock
$2.0B
$20.23
N/A
N/A
N/A
Weakening
TISI
— Team, Inc. Common Stock
$125M
$27.26
N/A
N/A
N/A
Stable
▶ Industrial Distribution
(12+9 total)
12
-4.5%
-10.0%
Fair
3
6
3
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BXC
— Bluelinx Holdings Inc. Common Stock
$632M
$81.25
$193.27
+137.9%
Undervalued
Weakening
EVI
— EVI Industries, Inc. Common Stock
$185M
$14.40
$26.74
+85.7%
Undervalued
Stable
SITE
— Siteone Landscape Supply, Inc. Common Stock
$4.4B
$99.59
$113.26
+13.7%
Undervalued
Stable
POOL
— Pool Corporation
$6.5B
$177.34
$168.90
+0.0%
Fair
Weakening
WSO
— Watsco, Inc. Common Stock
$12.9B
$316.24
$322.12
+0.0%
Fair
Stable
WSO.B
— Watsco, Inc. Class B Common Stock
$12.7B
$312.55
$322.12
+0.0%
Fair
Stable
GIC
— Global Industrial Company Common Stock
$1.5B
$39.74
$36.14
-9.1%
Overvalued
Stable
AIT
— Applied Industrial Technologies, Inc. Common Stock
$12.1B
$326.66
$292.91
-10.3%
Overvalued
Growing
GWW
— W W Grainger
$60.9B
$1288.99
$624.64
-51.5%
Overvalued
Weakening
FAST
— Fastenal
$56.7B
$49.39
$21.80
-55.9%
Overvalued
Stable
DXPE
— DXP Enterprises, Inc. - Common Stock
$2.9B
$188.61
$-5.80
-103.1%
Overvalued
Growing
WCC
— Wesco International, Inc. Common Stock
$17.5B
$360.30
$-99.07
-127.5%
Overvalued
Weakening
Cannot calculate DCF
CNM
— Core & Main, Inc. Class A Common Stock
$8.3B
$44.06
N/A
N/A
N/A
Weakening
DNOW
— Dnow Inc. Common Stock
$2.9B
$16.15
N/A
N/A
N/A
Weakening
DSGR
— Distribution Solutions Group, Inc. - Common Stock
$1.6B
$34.76
N/A
N/A
N/A
Stable
FERG
— Ferguson Enterprises Inc. Common Stock
$43.2B
$226.40
N/A
N/A
N/A
Weakening
MSM
— MSC Industrial Direct Company, Inc. Common Stock
$6.7B
$120.29
N/A
N/A
N/A
Weakening
QXO
— QXO Inc. Common Stock
$9.6B
$13.24
N/A
N/A
N/A
Stable
REZI
— Resideo Technologies, Inc. Common Stock
$3.0B
$19.65
N/A
N/A
N/A
Stable
TITN
— Titan Machinery Inc. - Common Stock
$569M
$24.41
N/A
N/A
N/A
Weakening
XMTR
— Xometry, Inc. - Class A Common Stock
$4.9B
$92.37
N/A
N/A
N/A
Stable
▶ Security & Protection Services
(8+6 total)
8
-5.2%
-19.9%
Overvalued
2
4
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BCO
— Brinks Company (the) Common Stock
$4.3B
$105.38
$196.23
+86.2%
Undervalued
Growing
CIX
— Compx International Inc. Common Stock
$457M
$37.12
$41.12
+10.8%
Undervalued
Weakening
ALLE
— Allegion
$13.4B
$156.05
$161.95
+0.0%
Fair
Growing
NSSC
— Napco Security Technologies, Inc. - Common Stock
$1.3B
$37.12
$36.38
+0.0%
Fair
Growing
MSA
— MSA Safety Incorporated Common Stock
$7.3B
$190.18
$170.34
-10.4%
Overvalued
Growing
BRC
— Brady Corporation Common Stock
$4.2B
$88.38
$70.79
-19.9%
Overvalued
Stable
GEO
— Geo Group Inc. (the) Reit
$4.3B
$32.01
$-2.58
-108.1%
Overvalued
Stable
CXW
— Corecivic, Inc. Common Stock
$3.5B
$35.04
$-6.22
-117.8%
Overvalued
Stable
Cannot calculate DCF
ADT
— ADT Inc. Common Stock
$5.2B
$7.22
N/A
N/A
N/A
Growing
BAER
— Bridger Aerospace Group Holdings, Inc. - Common Stock
$64M
$1.10
N/A
N/A
N/A
Growing
EVLV
— Evolv Technologies Holdings, Inc. - Class A Common Stock
$912M
$5.07
N/A
N/A
N/A
Stable
MG
— Mistras Group Inc. Common Stock
$618M
$19.41
N/A
N/A
N/A
Growing
NL
— NLI Holdings, Inc. Common Stock
$323M
$6.61
N/A
N/A
N/A
Weakening
SUGP
— SU Group Holdings Limited - Class A Ordinary Shares
Foreign
$900120.0
$0.65
N/A
N/A
N/A
Weakening
▶ Pollution & Treatment Controls
(3+1 total)
3
-11.2%
-32.3%
Overvalued
1
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ERII
— Energy Recovery, Inc. - Common Stock
$397M
$7.71
$8.94
+16.0%
Undervalued
Stable
ZWS
— Zurn Elkay Water Solutions Corporation Common Stock
$7.9B
$47.33
$42.04
-11.2%
Overvalued
Growing
CECO
— Ceco Environmental Corp. - Common Stock
$2.8B
$79.13
$-1.38
-101.7%
Overvalued
Growing
Cannot calculate DCF
ARQ
— Arq, Inc. - Common Stock
$95M
$2.21
N/A
N/A
N/A
Stable
▶ Integrated Freight & Logistics
(9+9 total)
9
-18.7%
-41.9%
Overvalued
1
7
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ZTO
— ZTO Express (Cayman) Inc.
ADR
$16.5B
$20.85
$50.24
+141.0%
Undervalued
Stable
EXPD
— Expeditors International
$24.3B
$185.88
$182.57
+0.0%
Fair
Stable
UPS
— United Parcel Service
$85.4B
$100.47
$94.85
-5.6%
Overvalued
Weakening
CHRW
— C.h. Robinson
$17.7B
$150.10
$123.95
-17.4%
Overvalued
Growing
JBHT
— J.b. Hunt
$25.8B
$274.76
$223.36
-18.7%
Overvalued
Weakening
RLGT
— Radiant Logistics, Inc. Common Stock
$392M
$8.36
$1.38
-83.5%
Overvalued
Weakening
SFWL
— Shengfeng Development Limited - Class A Ordinary Shares
Foreign
$990M
$12.00
$0.12
-99.0%
Overvalued
Stable
FDX
— Fedex
$74.9B
$314.10
$-33.12
-110.5%
Overvalued
Weakening
GXO
— GXO Logistics, Inc. Common Stock
$5.4B
$46.70
$-38.85
-183.2%
Overvalued
Weakening
Cannot calculate DCF
BTOC
— Armlogi Holding Corp. - Common Stock
$14M
$0.30
N/A
N/A
N/A
Weakening
CYRX
— Cryoport, Inc. - Common Stock
$779M
$15.46
N/A
N/A
N/A
Stable
FLX
— Bingex Ltd.
ADR
$87M
$1.89
N/A
N/A
N/A
Stable
FWRD
— Forward Air Corporation - Common Stock
$545M
$17.24
N/A
N/A
N/A
Weakening
HUBG
— Hub Group, Inc. - Class A Common Stock
$2.2B
$36.05
N/A
N/A
N/A
Weakening
JYD
— Jayud Global Logistics Limited - Class A Ordinary Shares
Foreign
$7M
$0.85
N/A
N/A
N/A
Stable
LSTR
— Landstar System, Inc. - Common Stock
$6.0B
$177.48
N/A
N/A
N/A
Weakening
PBI
— Pitney Bowes Inc. Common Stock
$2.3B
$16.99
N/A
N/A
N/A
Growing
SLGB
— Smart Logistics Global Limited - Ordinary Shares
Foreign
$18M
$0.43
N/A
N/A
N/A
Weakening
▶ Engineering & Construction
(23+13 total)
23
-20.6%
-17.0%
Overvalued
9
14
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
PRIM
— Primoris Services Corporation Common Stock
$4.1B
$75.45
$149.74
+98.5%
Undervalued
Growing
ACM
— Aecom Common Stock
$8.5B
$66.04
$111.84
+69.4%
Undervalued
Growing
AGX
— Argan, Inc. Common Stock
$6.1B
$436.78
$717.72
+64.3%
Undervalued
Growing
STN
— Stantec Inc. Common Stock
Foreign
$8.3B
$72.92
$118.46
+62.5%
Undervalued
Growing
WLDN
— Willdan Group, Inc. - Common Stock
$1.3B
$87.13
$127.60
+46.4%
Undervalued
Growing
BLD
— Topbuild Corp. Common Stock
$10.0B
$353.73
$491.47
+38.9%
Undervalued
Weakening
GVA
— Granite Construction Incorporated Common Stock
$5.2B
$119.04
$160.36
+34.7%
Undervalued
Growing
MYRG
— MYR Group, Inc. - Common Stock
$4.5B
$288.01
$358.77
+24.6%
Undervalued
Growing
TTEK
— Tetra Tech, Inc. - Common Stock
$9.2B
$35.64
$37.74
+5.9%
Undervalued
Stable
EXPO
— Exponent, Inc. - Common Stock
$3.3B
$67.90
$64.26
-5.4%
Overvalued
Stable
EME
— Emcor
$34.3B
$772.61
$658.39
-14.8%
Overvalued
Growing
DY
— Dycom Industries, Inc. Common Stock
$9.1B
$302.98
$240.56
-20.6%
Overvalued
Growing
IESC
— IES Holdings, Inc. - Common Stock
$6.8B
$343.39
$265.01
-22.8%
Overvalued
Growing
ACA
— Arcosa, Inc. Common Stock
$7.2B
$145.65
$88.80
-39.0%
Overvalued
Growing
STRL
— Sterling Infrastructure, Inc. - Common Stock
$15.4B
$502.06
$282.96
-43.6%
Overvalued
Growing
PWR
— Quanta Services
$95.9B
$639.28
$320.96
-49.8%
Overvalued
Growing
FIX
— Comfort Systems USA
$58.1B
$1649.14
$717.22
-56.5%
Overvalued
Growing
ESOA
— Energy Services of America Corporation - Common Stock
$223M
$11.97
$4.93
-58.8%
Overvalued
Weakening
ROAD
— Construction Partners, Inc. - Common Stock
$5.8B
$103.11
$33.31
-67.7%
Overvalued
Growing
J
— Jacobs Solutions
$17.0B
$144.29
$31.65
-78.1%
Overvalued
Weakening
CDLR
— Cadeler A/S American Depositary Share (Each Representing Four (4) Ordinary Shares)
ADR
$2.4B
$25.28
$0.57
-97.7%
Overvalued
Stable
BWMN
— Bowman Consulting Group Ltd. - Common Stock
$746M
$42.59
$-6.17
-114.5%
Overvalued
Growing
BBCP
— Concrete Pumping Holdings, Inc. - Common Stock
$525M
$10.41
$-6.95
-166.8%
Overvalued
Weakening
Cannot calculate DCF
AMRC
— Ameresco, Inc. Class A Common Stock
$1.3B
$23.93
N/A
N/A
N/A
Weakening
APG
— Api Group Corporation Common Stock
$17.4B
$40.20
N/A
N/A
N/A
Growing
BLNK
— Blink Charging Co. - Common Stock
$83M
$0.58
N/A
N/A
N/A
Stable
FER
— Ferrovial N.V. - Ordinary Shares
Foreign
$40.5B
$58.01
N/A
N/A
N/A
Growing
FGL
— Founder Group Limited - Class A Ordinary Shares
Foreign
$6M
$9.28
N/A
N/A
N/A
Weakening
FLR
— Fluor Corporation Common Stock
$7.9B
$56.61
N/A
N/A
N/A
Weakening
KBR
— KBR Inc. Common Stock
$4.7B
$37.05
N/A
N/A
N/A
Growing
MTRX
— Matrix Service Company - Common Stock
$305M
$10.83
N/A
N/A
N/A
Stable
MTZ
— Mastec, Inc. Common Stock
$19.4B
$246.10
N/A
N/A
N/A
Growing
ORN
— Orion Group Holdings, Inc. Common
$374M
$9.23
N/A
N/A
N/A
Growing
SHIM
— Shimmick Corporation - Common Stock
$154M
$3.75
N/A
N/A
N/A
Stable
TPC
— Tutor Perini Corporation Common Stock
$4.7B
$89.52
N/A
N/A
N/A
Growing
VATE
— Innovate Corp. Common Stock
$97M
$7.08
N/A
N/A
N/A
Stable
▶ Tools & Accessories
(7+2 total)
7
-22.1%
-24.1%
Overvalued
2
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
TTC
— Toro Company (the) Common Stock
$9.0B
$94.75
$136.86
+44.4%
Undervalued
Weakening
SNA
— Snap-on
$19.7B
$379.72
$467.93
+23.2%
Undervalued
Weakening
TKR
— Timken Company (the) Common Stock
$8.6B
$123.97
$116.24
-6.2%
Overvalued
Weakening
LECO
— Lincoln Electric Holdings, Inc. - Common Shares
$15.2B
$276.62
$215.40
-22.1%
Overvalued
Stable
KMT
— Kennametal Inc. Common Stock
$2.3B
$30.44
$21.27
-30.1%
Overvalued
Weakening
RBC
— RBC Bearings Incorporated Common Stock
$15.6B
$492.41
$230.44
-53.2%
Overvalued
Growing
HLMN
— Hillman Solutions Corp. - Common Stock
$1.5B
$7.57
$-1.86
-124.6%
Overvalued
Stable
Cannot calculate DCF
EML
— Eastern Company (the) - Common Stock
$159M
$26.38
N/A
N/A
N/A
Weakening
SWK
— Stanley Black & Decker
$14.6B
$93.81
N/A
N/A
N/A
Stable
▶ Farm & Heavy Construction Machinery
(13+6 total)
13
-24.7%
-11.4%
Overvalued
5
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BLBD
— Blue Bird Corporation - Common Stock
$2.0B
$63.93
$119.07
+86.3%
Undervalued
Growing
ALG
— Alamo Group, Inc. Common Stock
$2.1B
$172.53
$311.19
+80.4%
Undervalued
Weakening
CNH
— CNH Industrial N.V. Common Shares
Foreign
$16.9B
$13.60
$21.41
+57.4%
Undervalued
Weakening
PCAR
— Paccar
$64.5B
$122.50
$192.65
+57.3%
Undervalued
Weakening
OSK
— Oshkosh Corporation (Holding Company)common Stock
$9.6B
$153.78
$224.61
+46.1%
Undervalued
Growing
TEX
— Terex Corporation Common Stock
$7.2B
$62.91
$50.79
-19.3%
Overvalued
Weakening
FSS
— Federal Signal Corporation Common Stock
$7.2B
$118.36
$89.15
-24.7%
Overvalued
Growing
LNN
— Lindsay Corporation Common Stock
$1.3B
$123.25
$84.75
-31.2%
Overvalued
Stable
DE
— Deere & Company
$183.8B
$680.81
$404.08
-40.6%
Overvalued
Weakening
CAT
— Caterpillar Inc.
$378.9B
$822.62
$405.53
-50.7%
Overvalued
Stable
ASTE
— Astec Industries, Inc. - Common Stock
$986M
$42.88
$9.22
-78.5%
Overvalued
Growing
GENC
— Gencor Industries, Inc. Common Stock
$278M
$18.96
$2.01
-89.4%
Overvalued
Stable
MTW
— Manitowoc Company, Inc. (the) Common Stock
$751M
$20.92
$-8.61
-141.2%
Overvalued
Weakening
Cannot calculate DCF
AGCO
— Agco Corporation Common Stock
$9.2B
$127.31
N/A
N/A
N/A
Weakening
CMCO
— Columbus McKinnon Corporation - Common Stock
$534M
$18.59
N/A
N/A
N/A
Weakening
HY
— Hyster-yale, Inc. Class A Common Stock
$638M
$35.63
N/A
N/A
N/A
Weakening
HYFM
— Hydrofarm Holdings Group, Inc. - Common Stock
$5M
$0.96
N/A
N/A
N/A
Weakening
TWI
— Titan International, Inc. DE Common Stock
$506M
$7.86
N/A
N/A
N/A
Weakening
WNC
— Wabash National Corporation Common Stock
$554M
$13.63
N/A
N/A
N/A
Weakening
▶ Business Equipment & Supplies
(1+3 total)
1
-25.4%
-25.4%
Overvalued
0
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
EBF
— Ennis, Inc. Common Stock
$537M
$21.25
$15.85
-25.4%
Overvalued
Stable
Cannot calculate DCF
ACCO
— Acco Brands Corporation Common Stock
$400M
$4.34
N/A
N/A
N/A
Stable
ACTG
— Acacia Research Corporation - Common Stock
$440M
$4.56
N/A
N/A
N/A
Stable
XRX
— Xerox Holdings Corporation - Common Stock
$418M
$3.20
N/A
N/A
N/A
Weakening
▶ Trucking
(6+8 total)
6
-32.1%
-41.6%
Overvalued
1
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CVLG
— Covenant Logistics Group, Inc. Class A Common Stock
$888M
$35.27
$43.61
+23.6%
Undervalued
Stable
ARCB
— Arcbest Corporation - Common Stock
$3.1B
$137.97
$115.90
-16.0%
Overvalued
Weakening
TFII
— TFI International Inc. Common Shares
Foreign
$11.0B
$134.19
$111.30
-17.1%
Overvalued
Weakening
ODFL
— Old Dominion
$38.9B
$186.93
$98.81
-47.1%
Overvalued
Weakening
XPO
— XPO Inc. Common Stock
$22.3B
$189.73
$10.81
-94.3%
Overvalued
Growing
SAIA
— Saia, Inc. - Common Stock
$9.4B
$354.72
$5.29
-98.5%
Overvalued
Weakening
Cannot calculate DCF
HTLD
— Heartland Express, Inc. - Common Stock
$956M
$12.34
N/A
N/A
N/A
Weakening
KNX
— Knight-swift Transportation Holdings Inc.
$11.5B
$70.83
N/A
N/A
N/A
Stable
MRTN
— Marten Transport, Ltd. - Common Stock
$1.2B
$14.30
N/A
N/A
N/A
Weakening
PAMT
— Pamt Corp. - Common Stock
$250M
$11.93
N/A
N/A
N/A
Weakening
RXO
— RXO Inc. Common Stock
$3.3B
$19.89
N/A
N/A
N/A
Weakening
SNDR
— Schneider National, Inc. Common Stock
$6.1B
$34.61
N/A
N/A
N/A
Stable
ULH
— Universal Logistics Holdings, Inc. - Common Stock
$492M
$18.64
N/A
N/A
N/A
Weakening
WERN
— Werner Enterprises, Inc. - Common Stock
$2.4B
$39.82
N/A
N/A
N/A
Weakening
▶ Specialty Industrial Machinery
(33+17 total)
33
-32.3%
-35.5%
Overvalued
8
23
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
AOS
— A O Smith
$8.1B
$58.82
$93.90
+59.6%
Undervalued
Weakening
PNR
— Pentair
$9.5B
$58.62
$76.84
+31.1%
Undervalued
Growing
GGG
— Graco Inc. Common Stock
$12.8B
$77.03
$94.71
+23.0%
Undervalued
Growing
GTES
— Gates Industrial Corporation Plc. Ordinary Shares
$6.5B
$25.64
$29.38
+14.6%
Undervalued
Weakening
XYL
— Xylem Inc.
$25.9B
$108.81
$118.98
+9.3%
Undervalued
Growing
FELE
— Franklin Electric Co., Inc. - Common Stock
$4.4B
$99.16
$105.93
+6.8%
Undervalued
Stable
HLIO
— Helios Technologies, Inc. Common Stock
$2.4B
$71.29
$76.08
+6.7%
Undervalued
Growing
KAI
— Kadant Inc. Common Stock
$3.5B
$299.27
$319.33
+6.7%
Undervalued
Stable
IR
— Ingersoll Rand
$29.4B
$75.14
$76.98
+0.0%
Fair
Stable
MWA
— Mueller Water Products Common Stock
$3.7B
$23.76
$24.58
+0.0%
Fair
Growing
FLS
— Flowserve Corporation Common Stock
$9.8B
$76.97
$69.89
-9.2%
Overvalued
Growing
DOV
— Dover Corporation
$26.2B
$194.70
$167.08
-14.2%
Overvalued
Stable
NDSN
— Nordson Corporation
$17.6B
$316.66
$246.93
-22.0%
Overvalued
Stable
DCI
— Donaldson Company, Inc. Common Stock
$10.6B
$91.10
$65.38
-28.2%
Overvalued
Stable
WTS
— Watts Water Technologies, Inc. Class A Common Stock
$12.0B
$360.21
$258.76
-28.2%
Overvalued
Growing
AME
— AMETEK
$54.5B
$237.76
$169.91
-28.5%
Overvalued
Growing
CMI
— Cummins
$77.5B
$561.55
$379.94
-32.3%
Overvalued
Stable
ROK
— Rockwell Automation
$47.8B
$429.19
$269.46
-37.2%
Overvalued
Stable
EPAC
— Enerpac Tool Group Corp. Common Stock
$1.9B
$37.03
$22.93
-38.1%
Overvalued
Growing
IEX
— IDEX Corporation
$16.7B
$225.52
$135.92
-39.7%
Overvalued
Stable
PH
— Parker Hannifin
$120.4B
$955.87
$571.72
-40.2%
Overvalued
Growing
GRC
— Gorman-rupp Company (the) Common Stock
$2.0B
$75.22
$41.88
-44.3%
Overvalued
Growing
CSW
— CSW Industrials, Inc. Common Stock
$5.0B
$303.42
$158.87
-47.6%
Overvalued
Stable
ETN
— Eaton Corporation
$163.9B
$422.15
$207.21
-50.9%
Overvalued
Growing
GNRC
— Generac
$11.2B
$190.21
$76.86
-59.6%
Overvalued
Stable
EMR
— Emerson Electric
$85.2B
$152.15
$57.11
-62.5%
Overvalued
Stable
TNC
— Tennant Company Common Stock
$1.3B
$73.53
$12.99
-82.3%
Overvalued
Weakening
GTLS
— Chart Industries, Inc. Common Stock
$10.1B
$209.97
$33.42
-84.1%
Overvalued
Stable
PSIX
— Power Solutions International, Inc. - Common Stock
$995M
$43.15
$3.69
-91.4%
Overvalued
Growing
GHM
— Graham Corporation Common Stock
$982M
$88.72
$0.87
-99.0%
Overvalued
Growing
SXI
— Standex International Corporation Common Stock
$3.3B
$271.75
$-0.17
-100.1%
Overvalued
Stable
CXT
— Crane NXT Co. Common Stock
$2.9B
$49.60
$-1.93
-103.9%
Overvalued
Weakening
PKOH
— Park-ohio Holdings Corp. - Common Stock
$671M
$46.62
$-39.60
-184.9%
Overvalued
Stable
Cannot calculate DCF
AMSC
— American Superconductor Corporation - Common Stock
$1.5B
$30.44
N/A
N/A
N/A
Growing
BW
— Babcock & Wilcox Enterprises, Inc. Common Stock
$1.1B
$7.72
N/A
N/A
N/A
Stable
BWEN
— Broadwind, Inc. - Common Stock
$96M
$4.12
N/A
N/A
N/A
Weakening
CR
— Crane Company Common Stock
$11.7B
$202.65
N/A
N/A
N/A
Stable
HURC
— Hurco Companies, Inc. - Common Stock
$144M
$22.18
N/A
N/A
N/A
Weakening
ITT
— ITT Inc. Common Stock
$18.0B
$201.55
N/A
N/A
N/A
Growing
ITW
— Illinois Tool Works
$77.3B
$268.57
N/A
N/A
N/A
Stable
JBTM
— JBT Marel Corporation Common Stock
$6.0B
$115.96
N/A
N/A
N/A
Stable
KRNT
— Kornit Digital Ltd. - Ordinary Shares
Foreign
$731M
$16.33
N/A
N/A
N/A
Stable
LXFR
— Luxfer Holdings Plc. Ordinary Shares
$467M
$17.30
N/A
N/A
N/A
Growing
MIDD
— the Middleby Corporation - Common Stock
$4.9B
$108.58
N/A
N/A
N/A
Weakening
MIR
— Mirion Technologies, Inc. Class A Common Stock
$4.1B
$16.93
N/A
N/A
N/A
Growing
NPO
— Enpro Inc. Common Stock
$6.4B
$300.99
N/A
N/A
N/A
Growing
OTIS
— Otis Worldwide
$26.9B
$70.06
N/A
N/A
N/A
Weakening
RRX
— Regal Rexnord Corporation Common Stock
$10.9B
$163.65
N/A
N/A
N/A
Growing
SYM
— Symbotic Inc. - Class A Common Stock
$5.5B
$43.32
N/A
N/A
N/A
Growing
TWIN
— Twin Disc, Incorporated - Common Stock
$351M
$24.36
N/A
N/A
N/A
Stable
▶ Building Products & Equipment
(18+9 total)
18
-35.8%
-24.4%
Overvalued
6
12
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BLDR
— Builders Firstsource
$6.7B
$62.58
$189.44
+202.7%
Undervalued
Weakening
APOG
— Apogee Enterprises, Inc. - Common Stock
$816M
$38.72
$97.25
+151.2%
Undervalued
Weakening
CSL
— Carlisle Companies Incorporated Common Stock
$13.8B
$341.48
$523.82
+53.4%
Undervalued
Stable
WMS
— Advanced Drainage Systems, Inc. Common Stock
$10.2B
$133.72
$157.77
+18.0%
Undervalued
Stable
LII
— Lennox International
$13.4B
$385.18
$434.89
+12.9%
Undervalued
Growing
MAS
— Masco
$14.3B
$70.94
$75.22
+6.0%
Undervalued
Weakening
AWI
— Armstrong World Industries Inc. Common Stock
$7.3B
$170.71
$129.58
-24.1%
Overvalued
Growing
TREX
— Trex Company, Inc. Common Stock
$4.8B
$45.77
$30.68
-33.0%
Overvalued
Weakening
TT
— Trane Technologies
$98.6B
$445.97
$288.10
-35.4%
Overvalued
Growing
CARR
— Carrier Global
$49.1B
$59.12
$37.70
-36.2%
Overvalued
Stable
SPXC
— SPX Technologies, Inc. Common Stock
$9.9B
$196.90
$122.31
-37.9%
Overvalued
Growing
LPX
— Louisiana-pacific Corporation Common Stock
$4.7B
$67.08
$18.22
-72.8%
Overvalued
Stable
LMB
— Limbach Holdings, Inc. - Common Stock
$591M
$49.54
$9.11
-81.6%
Overvalued
Growing
PPIH
— Perma-pipe International Holdings, Inc. - Common Stock
$236M
$29.11
$1.18
-95.9%
Overvalued
Stable
AAON
— Aaon, Inc. - Common Stock
$6.5B
$79.40
$0.17
-99.8%
Overvalued
Weakening
GFF
— Griffon Corporation Common Stock
$4.5B
$97.17
$-7.76
-108.0%
Overvalued
Weakening
JCI
— Johnson Controls
$89.3B
$146.37
$-13.88
-109.5%
Overvalued
Growing
JBI
— Janus International Group, Inc. Common Stock
$675M
$4.95
$-2.29
-146.3%
Overvalued
Weakening
Cannot calculate DCF
ARLO
— Arlo Technologies, Inc. Common Stock
$1.5B
$14.15
N/A
N/A
N/A
Growing
CSTE
— Caesarstone Ltd. - Ordinary Shares
Foreign
$107M
$3.10
N/A
N/A
N/A
Weakening
FBIN
— Fortune Brands Innovations, Inc. Common Stock
$5.0B
$42.18
N/A
N/A
N/A
Weakening
JELD
— Jeld-wen Holding, Inc. Common Stock
$189M
$2.19
N/A
N/A
N/A
Weakening
NPKI
— NPK International Inc. Common Stock
$1.1B
$13.49
N/A
N/A
N/A
Stable
NX
— Quanex Building Products Corporation Common Stock
$1.0B
$22.27
N/A
N/A
N/A
Stable
OC
— Owens Corning Inc. Common Stock New
$10.5B
$130.21
N/A
N/A
N/A
Stable
ROCK
— Gibraltar Industries, Inc. - Common Stock
$1.4B
$47.45
N/A
N/A
N/A
Weakening
SWIM
— Latham Group, Inc. - Common Stock
$793M
$6.75
N/A
N/A
N/A
Stable
▶ Railroads
(8+2 total)
8
-44.8%
-28.2%
Overvalued
2
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
TRN
— Trinity Industries, Inc. Common Stock
$2.2B
$28.02
$58.98
+110.5%
Undervalued
Growing
FSTR
— L.b. Foster Company - Common Stock
$398M
$38.02
$51.15
+34.5%
Undervalued
Stable
CP
— Canadian Pacific Kansas City Limited Common Shares
$80.9B
$91.13
$59.04
-35.2%
Overvalued
Stable
WAB
— Wabtec
$48.2B
$284.36
$179.21
-37.0%
Overvalued
Growing
NSC
— Norfolk Southern
$73.6B
$327.90
$155.82
-52.5%
Overvalued
Growing
CSX
— CSX Corporation
$91.1B
$49.01
$22.85
-53.4%
Overvalued
Weakening
UNP
— Union Pacific Corporation
$171.3B
$288.44
$95.06
-67.0%
Overvalued
Growing
GBX
— Greenbrier Companies, Inc. (the) Common Stock
$1.3B
$42.77
$-10.82
-125.3%
Overvalued
Stable
Cannot calculate DCF
CNI
— Canadian National Railway Company Common Stock
Foreign
$74.5B
$122.76
N/A
N/A
N/A
Weakening
RAIL
— Freightcar America, Inc. - Common Stock
$141M
$7.35
N/A
N/A
N/A
Growing
▶ Electrical Equipment & Parts
(12+12 total)
12
-50.5%
-30.6%
Overvalued
3
9
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
KE
— Kimball Electronics, Inc. - Common Stock
$606M
$25.18
$145.84
+479.2%
Undervalued
Weakening
ENS
— Enersys Common Stock
$6.6B
$180.49
$285.44
+58.1%
Undervalued
Growing
AYI
— Acuity Inc. Common Stock
$9.8B
$325.24
$403.32
+24.0%
Undervalued
Growing
HAYW
— Hayward Holdings, Inc. Common Stock
$2.9B
$13.44
$11.40
-15.2%
Overvalued
Growing
HUBB
— Hubbell Incorporated
$24.6B
$465.12
$362.35
-22.1%
Overvalued
Growing
POWL
— Powell Industries, Inc. - Common Stock
$6.6B
$182.49
$109.73
-39.9%
Overvalued
Growing
VRT
— Vertiv
$111.7B
$290.80
$112.78
-61.2%
Overvalued
Growing
APWC
— Asia Pacific Wire & Cable Corporation Limited - Common Shares, Par Value 01 Per Share
Foreign
$32M
$1.54
$0.56
-63.6%
Overvalued
Weakening
NVT
— Nvent Electric Plc. Ordinary Shares
$26.3B
$162.43
$33.44
-79.4%
Overvalued
Weakening
AEIS
— Advanced Energy Industries, Inc. - Common Stock
$11.0B
$288.72
$56.01
-80.6%
Overvalued
Growing
PLPC
— Preformed Line Products Company - Common Stock
$2.0B
$411.71
$52.11
-87.3%
Overvalued
Weakening
ENR
— Energizer Holdings, Inc. Common Stock
$1.4B
$21.01
$-42.53
-302.4%
Overvalued
Stable
Cannot calculate DCF
ATKR
— Atkore Inc. Common Stock
$3.2B
$93.86
N/A
N/A
N/A
Weakening
BE
— Bloom Energy Corporation Class A Common Stock
$78.3B
$275.28
N/A
N/A
N/A
Growing
BLDP
— Ballard Power Systems, Inc. - Common Shares
Foreign
$714M
$2.37
N/A
N/A
N/A
Stable
CBAT
— Cbak Energy Technology, Inc. - Common Stock
$89M
$1.00
N/A
N/A
N/A
Weakening
EAF
— Graftech International Ltd. Common Stock
$164M
$6.28
N/A
N/A
N/A
Stable
EOSE
— Eos Energy Enterprises, Inc. - Common Stock
$1.5B
$4.29
N/A
N/A
N/A
Stable
FCEL
— Fuelcell Energy, Inc. - Common Stock
$1.1B
$17.77
N/A
N/A
N/A
Stable
NVX
— Novonix Ltd.
ADR
$441M
$2.77
N/A
N/A
N/A
Weakening
PLUG
— Plug Power, Inc. - Common Stock
$3.2B
$2.26
N/A
N/A
N/A
Weakening
TE
— T1 Energy Inc. Common Stock
$1.4B
$5.06
N/A
N/A
N/A
Stable
ULBI
— Ultralife Corporation - Common Stock
$100M
$6.00
N/A
N/A
N/A
Stable
XCH
— Xchg Ltd.
ADR
$177M
$2.98
N/A
N/A
N/A
Growing
▶ Waste Management
(5+4 total)
5
-52.8%
-48.6%
Overvalued
0
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
WCN
— Waste Connections, Inc. Common Shares
$41.4B
$163.12
$115.20
-29.4%
Overvalued
Growing
RSG
— Republic Services
$68.2B
$221.61
$140.99
-36.4%
Overvalued
Growing
CLH
— Clean Harbors, Inc. Common Stock
$16.8B
$317.13
$149.61
-52.8%
Overvalued
Growing
WM
— Waste Management
$87.5B
$217.83
$84.91
-61.0%
Overvalued
Growing
CWST
— Casella Waste Systems, Inc. - Class A Common Stock
$5.9B
$92.04
$33.46
-63.6%
Overvalued
Stable
Cannot calculate DCF
GFL
— GFL Environmental Inc. Subordinate Voting Shares, No Par Value
Foreign
$15.5B
$42.87
N/A
N/A
N/A
Growing
NVRI
— Enviri Corporation Common Stock
$1.9B
$23.39
N/A
N/A
N/A
Weakening
ONT
— Onterris, Inc. Common Stock
$648M
$17.92
N/A
N/A
N/A
Stable
QRHC
— Quest Resource Holding Corporation - Common Stock
$29M
$1.39
N/A
N/A
N/A
Weakening
▶ Aerospace & Defense
(29+15 total)
29
-53.5%
-40.8%
Overvalued
5
23
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SWBI
— Smith & Wesson Brands, Inc. - Common Stock
$590M
$13.23
$34.03
+157.2%
Undervalued
Weakening
TXT
— Textron
$13.8B
$79.54
$117.02
+47.1%
Undervalued
Stable
HII
— Huntington Ingalls Industries
$11.3B
$287.48
$389.80
+35.6%
Undervalued
Stable
LMT
— Lockheed Martin
$123.7B
$536.32
$632.84
+18.0%
Undervalued
Stable
LHX
— L3harris
$47.6B
$255.75
$290.40
+13.5%
Undervalued
Growing
NPK
— National Presto Industries, Inc. Common Stock
$1.1B
$147.57
$144.28
+0.0%
Fair
Weakening
CDRE
— Cadre Holdings, Inc. Common Stock
$1.3B
$29.66
$27.13
-8.5%
Overvalued
Stable
GD
— General Dynamics
$96.5B
$356.68
$325.47
-8.8%
Overvalued
Growing
NOC
— Northrop Grumman
$73.7B
$518.91
$471.53
-9.1%
Overvalued
Growing
EMBJ
— Embraer S.A. Common Stock
ADR
$13.1B
$73.89
$62.30
-15.7%
Overvalued
Growing
HEI.A
— Heico Corporation Common Stock
$32.8B
$235.16
$146.94
-37.5%
Overvalued
Growing
RTX
— RTX Corporation
$267.7B
$198.76
$119.60
-39.8%
Overvalued
Growing
DRS
— Leonardo DRS Inc. - Common Stock
$9.9B
$36.94
$21.26
-42.4%
Overvalued
Growing
CW
— Curtiss-wright Corporation Common Stock
$21.1B
$572.10
$328.45
-42.6%
Overvalued
Growing
HEI
— Heico Corporation Common Stock
$44.1B
$316.08
$146.94
-53.5%
Overvalued
Growing
WWD
— Woodward, Inc. - Common Stock
$20.2B
$339.24
$130.96
-61.4%
Overvalued
Growing
BWXT
— BWX Technologies, Inc. Common Stock
$14.7B
$160.37
$59.73
-62.8%
Overvalued
Growing
HXL
— Hexcel Corporation Common Stock
$6.9B
$91.32
$29.78
-67.4%
Overvalued
Stable
EH
— Ehang Holdings Limited - ADS
ADR
$267M
$4.80
$1.30
-72.9%
Overvalued
Stable
HWM
— Howmet Aerospace
$92.7B
$231.58
$61.94
-73.3%
Overvalued
Growing
TDG
— Transdigm Group
$64.1B
$1145.15
$292.70
-74.4%
Overvalued
Growing
MOG.A
— Moog Inc. Class A Common Stock
$11.7B
$369.76
$61.00
-83.5%
Overvalued
Growing
MOG.B
— Moog Inc. Class B Common Stock
$13.3B
$420.07
$61.00
-85.5%
Overvalued
Growing
ESLT
— Elbit Systems Ltd. - Ordinary Shares
ADR
$33.1B
$707.99
$97.88
-86.2%
Overvalued
Growing
AXON
— Axon Enterprise
$40.7B
$505.54
$14.48
-97.1%
Overvalued
Weakening
TATT
— TAT Technologies Ltd. - Ordinary Shares
Foreign
$523M
$40.28
$1.18
-97.1%
Overvalued
Growing
VSEC
— VSE Corporation - Common Stock
$5.8B
$206.52
$-6.71
-103.2%
Overvalued
Stable
FTAI
— Ftai Aviation Ltd. - Common Stock
$20.2B
$196.67
$-28.50
-114.5%
Overvalued
Stable
AIR
— AAR Corp. Common Stock
$5.2B
$130.73
$-21.73
-116.6%
Overvalued
Stable
Cannot calculate DCF
ATRO
— Astronics Corporation - Common Stock
$2.7B
$76.04
N/A
N/A
N/A
Growing
AVAV
— Aerovironment, Inc. - Common Stock
$7.5B
$148.72
N/A
N/A
N/A
Weakening
BA
— Boeing
$166.1B
$210.74
N/A
N/A
N/A
Stable
BYRN
— Byrna Technologies, Inc. - Common Stock
$82M
$3.61
N/A
N/A
N/A
Growing
CAE
— CAE Inc. Ordinary Shares
Foreign
$7.8B
$24.28
N/A
N/A
N/A
Growing
DCO
— Ducommun Incorporated Common Stock
$2.5B
$168.44
N/A
N/A
N/A
Stable
GE
— GE Aerospace
$347.4B
$334.86
N/A
N/A
N/A
Stable
KTOS
— Kratos Defense & Security Solutions, Inc. - Common Stock
$9.0B
$48.15
N/A
N/A
N/A
Stable
LUNR
— Intuitive Machines, Inc. - Class A Common Stock
$2.5B
$15.69
N/A
N/A
N/A
Stable
MRCY
— Mercury Systems Inc. - Common Stock
$5.0B
$83.44
N/A
N/A
N/A
Weakening
PL
— Planet Labs PBC Class A Common Stock
$6.3B
$17.81
N/A
N/A
N/A
Growing
RDW
— Redwire Corporation Common Stock
$2.2B
$11.23
N/A
N/A
N/A
Weakening
RGR
— Sturm, Ruger & Company, Inc. Common Stock
$605M
$37.97
N/A
N/A
N/A
Stable
RKLB
— Rocket Lab Corporation - Common Stock
$38.1B
$65.86
N/A
N/A
N/A
Growing
VVX
— V2x, Inc. Common Stock
$2.3B
$74.47
N/A
N/A
N/A
Growing
▶ Conglomerates
(10+11 total)
10
-68.3%
-35.2%
Overvalued
2
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BBUC
— Brookfield Business Corporation Class A Subordinate Voting Shares
Foreign
$5.6B
$27.13
$261.08
+862.3%
Undervalued
Weakening
GHC
— Graham Holdings Company Common Stock
$4.9B
$1127.71
$1370.24
+21.5%
Undervalued
Growing
HON
— Honeywell
$66.0B
$208.26
$176.00
-15.5%
Overvalued
Stable
VMI
— Valmont Industries, Inc. Common Stock
$9.4B
$484.31
$348.36
-28.1%
Overvalued
Growing
CRESY
— Cresud Inc.
ADR
$767M
$12.08
$4.78
-60.4%
Overvalued
Weakening
DLX
— Deluxe Corporation Common Stock
$1.1B
$23.47
$5.57
-76.3%
Overvalued
Stable
OTTR
— Otter Tail Corporation - Common Stock
$3.8B
$90.14
$21.22
-76.5%
Overvalued
Weakening
RCMT
— RCM Technologies, Inc. - Common Stock
$288M
$40.69
$5.53
-86.4%
Overvalued
Stable
PAM
— Pampa Energia S.A.
ADR
$4.7B
$86.19
$-9.46
-111.0%
Overvalued
Growing
SEB
— Seaboard Corporation Common Stock
$4.1B
$4325.17
$-825.98
-119.1%
Overvalued
Growing
Cannot calculate DCF
AIRT
— Air T Inc. - Common Stock
$87M
$32.07
N/A
N/A
N/A
Stable
BOC
— Boston Omaha Corporation Class A Common Stock
$418M
$13.74
N/A
N/A
N/A
Stable
BOOM
— DMC Global Inc. - Common Stock
$140M
$6.83
N/A
N/A
N/A
Weakening
CODI
— D/B/A Compass Diversified Holdings Shares of Beneficial Interest
LP
$867M
$11.53
N/A
N/A
N/A
Weakening
FIP
— Ftai Infrastructure Inc. - Common Stock
$406M
$3.44
N/A
N/A
N/A
Stable
GPUS
— Hyperscale Data, Inc. Common Stock
$102M
$0.19
N/A
N/A
N/A
Stable
HHS
— Harte Hanks, Inc. - Common Stock
$32M
$4.26
N/A
N/A
N/A
Stable
MATW
— Matthews International Corporation - Class A Common Stock
$636M
$20.37
N/A
N/A
N/A
Weakening
MMM
— 3M
$87.4B
$167.53
N/A
N/A
N/A
Stable
NNBR
— NN Inc. - Common Stock
$197M
$3.73
N/A
N/A
N/A
Weakening
TTI
— Tetra Technologies, Inc. Common Stock
$967M
$7.14
N/A
N/A
N/A
Weakening
▶ Airlines
(8+8 total)
8
-69.3%
-26.5%
Overvalued
3
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SKYW
— Skywest, Inc. - Common Stock
$3.8B
$94.98
$380.12
+300.2%
Undervalued
Growing
RYAAY
— Ryanair Holdings Plc.
ADR
$28.2B
$54.35
$87.36
+60.7%
Undervalued
Stable
DAL
— Delta Air Lines
$51.9B
$78.97
$124.62
+57.8%
Undervalued
Stable
UAL
— United Airlines Holdings
$35.1B
$108.21
$41.00
-62.1%
Overvalued
Growing
CPA
— Copa Holdings, S.A. Class A Common Stock
Foreign
$5.3B
$129.84
$30.37
-76.6%
Overvalued
Stable
LUV
— Southwest Airlines
$18.9B
$38.68
$6.75
-82.5%
Overvalued
Stable
ALK
— Alaska Air Group, Inc. Common Stock
$4.5B
$40.74
$-3.92
-109.6%
Overvalued
Stable
AAL
— American Airlines Group, Inc. - Common Stock
$8.5B
$12.91
$-40.80
-416.0%
Overvalued
Weakening
Cannot calculate DCF
ALGT
— Allegiant Travel Company - Common Stock
$2.0B
$76.06
N/A
N/A
N/A
Stable
AZUL
— Azul S.A.
ADR
$1.4B
$7.49
N/A
N/A
N/A
Growing
FLYX
— Flyexclusive, Inc. Class A Common Stock
$53M
$1.16
N/A
N/A
N/A
Stable
JBLU
— Jetblue Airways Corporation - Common Stock
$1.7B
$4.51
N/A
N/A
N/A
Weakening
RJET
— Republic Airways Holdings Inc. - Common Stock
$827M
$17.66
N/A
N/A
N/A
Growing
SRFM
— Surf Air Mobility Inc. Common Stock
$73M
$0.62
N/A
N/A
N/A
Growing
ULCC
— Frontier Group Holdings, Inc. - Common Stock
$1.3B
$5.72
N/A
N/A
N/A
Weakening
VLRS
— Controladora Vuela Compania de Aviacion, S.A.b. de C.v.
ADR
$781M
$6.79
N/A
N/A
N/A
Weakening
▶ Metal Fabrication
(7+5 total)
7
-70.6%
-37.3%
Overvalued
1
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MLI
— Mueller Industries, Inc. Common Stock
$7.0B
$63.54
$159.33
+150.8%
Undervalued
Growing
ESAB
— Esab Corporation Common Stock
$4.5B
$74.72
$39.30
-47.4%
Overvalued
Growing
CMC
— Commercial Metals Company Common Stock
$7.8B
$70.76
$25.61
-63.8%
Overvalued
Weakening
ATI
— ATI Inc. Common Stock
$28.3B
$207.25
$60.92
-70.6%
Overvalued
Stable
CRS
— Carpenter Technology Corporation Common Stock
$22.8B
$458.56
$128.63
-71.9%
Overvalued
Growing
IIIN
— Insteel Industries, Inc. Common Stock
$594M
$30.67
$7.15
-76.7%
Overvalued
Stable
WOR
— Worthington Enterprises, Inc. Common Shares
$3.1B
$62.56
$11.40
-81.8%
Overvalued
Stable
Cannot calculate DCF
AP
— Ampco-pittsburgh Corporation Common Stock
$178M
$8.75
N/A
N/A
N/A
Stable
MEC
— Mayville Engineering Company, Inc. Common Stock
$507M
$19.88
N/A
N/A
N/A
Weakening
PRLB
— Proto Labs, Inc. Common Stock
$1.9B
$81.03
N/A
N/A
N/A
Growing
RYZ
— Ryerson Holding Corporation Common Stock
$1.3B
$25.99
N/A
N/A
N/A
Weakening
TG
— Tredegar Corporation Common Stock
$269M
$7.72
N/A
N/A
N/A
Growing
▶ Real Estate100
-34.8%
36 /
61 /
3
-17.9%
Overvalued
36
61
3
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ REIT-Office
(6+14 total)
6
+185.6%
+59.3%
Undervalued
4
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ESBA
— Empire State Realty OP L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests
LP
REIT
$1.2B
$4.20
$19.62
+367.1%
Undervalued
Weakening
FISK
— Empire State Realty OP L.P. Series 250 Operating Partnership Units Representing Limited Partnership Interests
LP
REIT
$1.2B
$4.30
$19.62
+356.3%
Undervalued
Weakening
OGCP
— Empire State Realty OP L.P. Series 60 Operating Partnership Units Representing Limited Partnership Interests
LP
REIT
$1.3B
$4.55
$19.62
+331.2%
Undervalued
Weakening
HIW
— Highwoods Properties, Inc. Common Stock
REIT
$3.4B
$30.51
$42.70
+40.0%
Undervalued
Stable
KRC
— Kilroy Realty Corporation Common Stock
REIT
$4.2B
$36.16
$5.78
-84.0%
Overvalued
Stable
DEA
— Easterly Government Properties, Inc. Common Stock
REIT
$1.1B
$24.33
$-30.87
-226.9%
Overvalued
Stable
Cannot calculate DCF
ARE
— Alexandria Real Estate Equities
REIT
$8.8B
$50.76
N/A
N/A
N/A
Weakening
BDN
— Brandywine Realty Trust Common Stock
REIT
$532M
$3.06
N/A
N/A
N/A
—
BXP
— BXP Inc.
REIT
$10.5B
$65.74
N/A
N/A
N/A
Growing
CDP
— Copt Defense Properties Common Shares of Beneficial Interest
REIT
$4.0B
$35.45
N/A
N/A
N/A
Growing
CMCT
— Creative Media - Common Stock
REIT
$8M
$3.05
N/A
N/A
N/A
—
CUZ
— Cousins Properties Incorporated Common Stock
REIT
$4.7B
$28.41
N/A
N/A
N/A
Stable
DEI
— Douglas Emmett, Inc. Common Stock
REIT
$1.9B
$11.19
N/A
N/A
N/A
Stable
FSP
— Franklin Street Properties Corp. Common Stock
REIT
$41M
$0.40
N/A
N/A
N/A
Weakening
HPP
— Hudson Pacific Properties, Inc. Common Stock
REIT
$657M
$12.11
N/A
N/A
N/A
Stable
ONL
— Orion Properties Inc. Common Stock
REIT
$151M
$2.65
N/A
N/A
N/A
Weakening
PDM
— Piedmont Realty Trust, Inc. Class A Common Stock
REIT
$1.2B
$9.51
N/A
N/A
N/A
—
PSTL
— Postal Realty Trust, Inc. Class A Common Stock
REIT
$655M
$23.69
N/A
N/A
N/A
—
SLG
— SL Green Realty Corp. Common Stock
REIT
$3.8B
$52.80
N/A
N/A
N/A
Stable
VNO
— Vornado Realty Trust Common Stock
REIT
$6.6B
$35.24
N/A
N/A
N/A
—
▶ REIT-Diversified
(6+6 total)
6
+24.8%
+40.2%
Undervalued
4
1
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
ESRT
— Empire State Realty Trust, Inc. Class A Common Stock
REIT
$759M
$4.40
$31.85
+623.9%
Undervalued
—
GOOD
— Gladstone Commercial Corporation - Real Estate Investment Trust
REIT
$634M
$13.09
$25.90
+97.9%
Undervalued
Growing
WPC
— W P Carey Inc. Reit
REIT
$15.7B
$70.57
$97.79
+38.6%
Undervalued
Weakening
OLP
— One Liberty Properties, Inc. Common Stock
REIT
$520M
$23.81
$26.41
+10.9%
Undervalued
Weakening
BNL
— Broadstone Net Lease, Inc. Common Stock
REIT
$4.0B
$20.97
$20.30
+0.0%
Fair
Stable
AAT
— American Assets Trust, Inc. Common Stock
REIT
$1.3B
$21.83
$-1.30
-106.0%
Overvalued
—
Cannot calculate DCF
AHRT
— AH Realty Trust, Inc. Common Stock
REIT
$494M
$6.50
N/A
N/A
N/A
—
CTO
— CTO Realty Growth, Inc. Common Stock
REIT
$726M
$21.50
N/A
N/A
N/A
Growing
GNL
— Global Net Lease, Inc. Common Stock
REIT
$1.9B
$9.09
N/A
N/A
N/A
Stable
JBGS
— JBG Smith Properties Common Shares
REIT
$665M
$11.42
N/A
N/A
N/A
Weakening
SAFE
— Safehold Inc. New Common Stock
REIT
$1.0B
$14.66
N/A
N/A
N/A
Growing
VICI
— VICI Properties
REIT
$27.2B
$25.30
N/A
N/A
N/A
Growing
▶ Real Estate-Development
(4+4 total)
4
+19.6%
+27.0%
Undervalued
2
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
LRE
— Lead Real Estate Co. Ltd.
ADR
$18M
$1.31
$5.54
+322.9%
Undervalued
Growing
HHH
— Howard Hughes Holdings Inc. Common Stock
$3.8B
$64.04
$133.51
+108.5%
Undervalued
Growing
CCS
— Century Communities, Inc. Common Stock
$1.8B
$62.16
$19.16
-69.2%
Overvalued
Stable
FOR
— Forestar Group Inc. Common Stock
$1.4B
$27.15
$-8.51
-131.3%
Overvalued
Stable
Cannot calculate DCF
FPH
— Five Point Holdings, LLC Class A Common Shares
LP
$369M
$5.09
N/A
N/A
N/A
Stable
MRNO
— Murano Global Investments Plc. - Ordinary Shares
Foreign
$18M
$0.22
N/A
N/A
N/A
Stable
SDHC
— Smith Douglas Homes Corp. Class A Common Stock
$87M
$10.64
N/A
N/A
N/A
Weakening
VTMX
— Vesta Real Estate Corporation, S.A.b. de C.v.
ADR
$3.2B
$34.67
N/A
N/A
N/A
Stable
▶ Real Estate-Diversified
(1)
1
+12.7%
+12.7%
Undervalued
1
0
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
JOE
— St. Joe Company (the) Common Stock
$3.7B
$64.23
$72.38
+12.7%
Undervalued
Growing
▶ REIT-Hotel & Motel
(8+6 total)
8
+5.8%
+20.5%
Undervalued
4
4
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
RLJ
— RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 Par Value
REIT
$1.6B
$10.69
$26.21
+145.2%
Undervalued
—
CLDT
— Chatham Lodging Trust (Reit) Common Shares of Beneficial Interest
REIT
$594M
$12.72
$25.69
+102.0%
Undervalued
—
SHO
— Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares
REIT
$2.0B
$10.87
$18.75
+72.5%
Undervalued
Weakening
HST
— Host Hotels & Resorts
REIT
$15.1B
$22.07
$29.19
+32.3%
Undervalued
Stable
RHP
— Ryman Hospitality Properties, Inc. (Reit)
REIT
$7.5B
$120.71
$95.74
-20.7%
Overvalued
Stable
DRH
— Diamondrock Hospitality Company - Common Stock
REIT
$2.4B
$11.97
$6.86
-42.7%
Overvalued
Growing
XHR
— Xenia Hotels & Resorts, Inc. Common Stock
REIT
$1.6B
$17.70
$9.16
-48.2%
Overvalued
Growing
APLE
— Apple Hospitality Reit, Inc. Common Shares
REIT
$3.6B
$15.27
$3.62
-76.3%
Overvalued
Weakening
Cannot calculate DCF
AHT
— Ashford Hospitality Trust Inc. Common Stock
REIT
$21M
$3.17
N/A
N/A
N/A
—
BHR
— Braemar Hotels & Resorts Inc. Common Stock
REIT
$127M
$1.85
N/A
N/A
N/A
Weakening
INN
— Summit Hotel Properties, Inc. Common Stock
REIT
$620M
$5.72
N/A
N/A
N/A
Stable
PEB
— Pebblebrook Hotel Trust Common Shares of Beneficial Interest
REIT
$2.0B
$17.64
N/A
N/A
N/A
—
PK
— Park Hotels & Resorts Inc. Common Stock
REIT
$3.0B
$15.11
N/A
N/A
N/A
Weakening
SVC
— Service Properties Trust - Shares of Beneficial Interest
REIT
$4.8B
$7.38
N/A
N/A
N/A
—
▶ REIT-Industrial
(12+3 total)
12
-3.4%
+8.5%
Fair
6
6
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
IIPR
— Innovative Industrial Properties, Inc. Common Stock
REIT
$1.6B
$57.24
$150.98
+163.8%
Undervalued
Weakening
NSA
— National Storage Affiliates Trust Common Shares of Beneficial Interest
REIT
$3.4B
$44.00
$81.93
+86.2%
Undervalued
—
CUBE
— Cubesmart Common Shares
REIT
$9.0B
$39.68
$63.63
+60.4%
Undervalued
Weakening
EXR
— Extra Space Storage
REIT
$29.4B
$139.18
$205.56
+47.7%
Undervalued
Stable
FR
— First Industrial Realty Trust, Inc. Common Stock
REIT
$8.2B
$61.73
$82.95
+34.4%
Undervalued
—
EGP
— Eastgroup Properties, Inc. Common Stock
REIT
$10.8B
$200.18
$211.98
+5.9%
Undervalued
Growing
STAG
— Stag Industrial, Inc. Common Stock
REIT
$7.2B
$37.57
$32.79
-12.7%
Overvalued
Growing
PSA
— Public Storage
REIT
$52.9B
$301.60
$209.62
-30.5%
Overvalued
Stable
PLD
— Prologis
REIT
$129.1B
$138.48
$90.78
-34.4%
Overvalued
Growing
TRNO
— Terreno Realty Corporation Common Stock
REIT
$7.0B
$66.10
$37.98
-42.5%
Overvalued
Growing
REXR
— Rexford Industrial Realty, Inc. Common Stock
REIT
$8.5B
$37.44
$8.21
-78.1%
Overvalued
Stable
LXP
— LXP Industrial Trust Common Stock (Maryland Reit)
$3.6B
$60.78
$0.78
-98.7%
Overvalued
—
Cannot calculate DCF
COLD
— Americold Realty Trust, Inc. Common Stock
REIT
$4.0B
$13.98
N/A
N/A
N/A
—
ILPT
— Industrial Logistics Properties Trust - Common Shares of Beneficial Interest
REIT
$531M
$7.97
N/A
N/A
N/A
—
SMA
— Smartstop Self Storage Reit, Inc. Common Stock
REIT
$1.8B
$32.59
N/A
N/A
N/A
Weakening
▶ REIT-Retail
(16+7 total)
16
-28.5%
-23.6%
Overvalued
5
10
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
O
— Realty Income
REIT
$56.9B
$61.03
$101.85
+66.9%
Undervalued
Stable
SKT
— Tanger Inc. Common Stock
REIT
$4.3B
$37.30
$56.91
+52.6%
Undervalued
Growing
NNN
— NNN Reit, Inc. Common Stock
REIT
$8.4B
$44.45
$61.05
+37.3%
Undervalued
Weakening
ADC
— Agree Realty Corporation Common Stock
REIT
$8.7B
$72.78
$99.48
+36.7%
Undervalued
Growing
UE
— Urban Edge Properties Common Shares of Beneficial Interest
REIT
$2.6B
$20.96
$23.44
+11.8%
Undervalued
Weakening
GTY
— Getty Realty Corporation Common Stock
REIT
$2.0B
$32.61
$33.40
+0.0%
Fair
Growing
KIM
— Kimco Realty
REIT
$16.0B
$23.75
$22.25
-6.3%
Overvalued
Stable
AKR
— Acadia Realty Trust Common Stock
REIT
$2.7B
$20.37
$15.94
-21.7%
Overvalued
—
REG
— Regency Centers
REIT
$13.9B
$75.89
$49.19
-35.2%
Overvalued
Growing
SPG
— Simon Property Group
REIT
$68.7B
$212.00
$115.95
-45.3%
Overvalued
Growing
PECO
— Phillips Edison & Company, Inc. - Common Stock
REIT
$4.9B
$39.08
$21.00
-46.3%
Overvalued
Growing
KRG
— Kite Realty Group Trust Common Stock
REIT
$5.3B
$26.09
$13.33
-48.9%
Overvalued
—
FRT
— Federal Realty Investment Trust
REIT
$10.1B
$117.22
$24.09
-79.4%
Overvalued
—
WSR
— Whitestone Reit Common Shares
REIT
$976M
$18.99
$1.94
-89.8%
Overvalued
Growing
IVT
— Inventrust Properties Corp. Common Stock
REIT
$2.5B
$32.63
$2.80
-91.4%
Overvalued
Growing
FCPT
— Four Corners Property Trust, Inc. Common Stock
REIT
$2.7B
$24.80
$-4.63
-118.7%
Overvalued
—
Cannot calculate DCF
ALX
— Alexander's, Inc. Common Stock
REIT
$1.3B
$261.49
N/A
N/A
N/A
Weakening
BFS
— Saul Centers, Inc. Common Stock
REIT
$797M
$32.50
N/A
N/A
N/A
Weakening
BRX
— Brixmor Property Group Inc. Common Stock
REIT
$8.9B
$29.16
N/A
N/A
N/A
Growing
CBL
— CBL & Associates Properties, Inc. Common Stock
$1.7B
$55.46
N/A
N/A
N/A
Growing
EPRT
— Essential Properties Realty Trust, Inc. Common Stock
REIT
$6.5B
$29.89
N/A
N/A
N/A
—
MAC
— Macerich Company (the) Common Stock
REIT
$6.7B
$23.61
N/A
N/A
N/A
Stable
NTST
— Netstreit Corp. Common Stock
REIT
$2.0B
$20.21
N/A
N/A
N/A
Growing
▶ Real Estate Services
(7+14 total)
7
-32.9%
-13.8%
Overvalued
3
4
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
JLL
— Jones Lang Lasalle Incorporated Common Stock
$16.3B
$351.76
$492.70
+40.1%
Undervalued
Growing
FSV
— Firstservice Corporation - Common Shares
Foreign
$6.4B
$138.89
$167.15
+20.3%
Undervalued
Growing
NMRK
— Newmark Group, Inc. - Class A Common Stock
$2.6B
$14.82
$16.52
+11.5%
Undervalued
Growing
CIGI
— Colliers International Group Inc. - Subordinate Voting Shares
Foreign
$4.9B
$95.30
$63.92
-32.9%
Overvalued
Growing
COMP
— Compass, Inc. Class A Common Stock
$8.0B
$10.75
$6.71
-37.6%
Overvalued
Growing
CBRE
— Cbre Group
$41.6B
$142.23
$85.30
-40.0%
Overvalued
Stable
BEKE
— KE Holdings Inc.
ADR
$19.2B
$17.26
$7.23
-58.1%
Overvalued
Weakening
Cannot calculate DCF
AGNT
— Agnt, Inc. - Common Stock
$654M
$3.98
N/A
N/A
N/A
Weakening
CSGP
— Costar Group
$12.4B
$30.34
N/A
N/A
N/A
Weakening
CWK
— Cushman & Wakefield Ltd. Common Shares
$3.1B
$13.27
N/A
N/A
N/A
Growing
DOUG
— Douglas Elliman Inc. Common Stock
$163M
$1.79
N/A
N/A
N/A
Stable
DUO
— Fangdd Network Group Ltd. - Class A Ordinary Shares
Foreign
$20M
$0.53
N/A
N/A
N/A
Growing
FTHM
— Fathom Holdings Inc. - Common Stock
$22M
$0.65
N/A
N/A
N/A
Growing
IHS
— IHS Holding Limited Ordinary Shares
ADR
$2.9B
$8.49
N/A
N/A
N/A
Growing
IRS
— Irsa Investments & Representations Inc.
ADR
$1.3B
$15.11
N/A
N/A
N/A
Growing
MMI
— Marcus & Millichap, Inc. Common Stock
$1.2B
$31.29
N/A
N/A
N/A
Stable
OPAD
— Offerpad Solutions Inc. Class A Common Stock
$194M
$4.10
N/A
N/A
N/A
Stable
OPEN
— Opendoor Technologies Inc. - Common Stock
$3.0B
$3.07
N/A
N/A
N/A
Stable
REAX
— the Real Brokerage, Inc. - Common Shares
Foreign
$4.4B
$20.69
N/A
N/A
N/A
Stable
RMAX
— Re/Max Holdings, Inc. Class A Common Stock
$263M
$12.37
N/A
N/A
N/A
Growing
RMR
— the RMR Group Inc. - Class A Common Stock
$333M
$19.51
N/A
N/A
N/A
Weakening
▶ REIT-Mortgage
(11+11 total)
11
-51.8%
-34.6%
Overvalued
3
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
FBRT
— Franklin BSP Realty Trust, Inc. Common Stock
REIT
$640M
$8.32
$91.84
+1003.8%
Undervalued
—
STWD
— Starwood Property Trust, Inc. Starwood Property Trust Inc.
REIT
$5.9B
$15.91
$58.56
+268.1%
Undervalued
—
AGNC
— Agnc Investment Corp. - Common Stock
REIT
$12.3B
$10.68
$13.85
+29.7%
Undervalued
Growing
LADR
— Ladder Capital Corp. Class A Common Stock
REIT
$1.2B
$9.78
$5.19
-46.9%
Overvalued
Stable
NREF
— Nexpoint Real Estate Finance, Inc. Common Stock
REIT
$331M
$17.55
$9.01
-48.7%
Overvalued
Growing
PMT
— Pennymac Mortgage Investment Trust Common Shares of Beneficial Interest
REIT
$838M
$9.61
$4.63
-51.8%
Overvalued
—
CIM
— Chimera Investment Corporation Common Stock
REIT
$969M
$11.59
$5.28
-54.4%
Overvalued
Stable
EFC
— Ellington Financial Inc. Common Stock
REIT
$1.7B
$13.39
$2.87
-78.6%
Overvalued
Growing
ADAM
— Adamas Trust, Inc. - Common Stock
REIT
$873M
$9.71
$-2.85
-129.4%
Overvalued
—
ABR
— Arbor Realty Trust Common Stock
REIT
$964M
$5.01
$-9.25
-284.6%
Overvalued
—
RITM
— Rithm Capital Corp. Common Stock
REIT
$5.6B
$9.95
$-36.65
-468.3%
Overvalued
Growing
Cannot calculate DCF
ARI
— Apollo Commercial Real Estate Finance, Inc.
REIT
$903M
$6.80
N/A
N/A
N/A
Stable
ARR
— Armour Residential Reit, Inc.
REIT
$2.0B
$16.24
N/A
N/A
N/A
Growing
BRSP
— Brightspire Capital, Inc. Class A Common Stock
REIT
$603M
$4.63
N/A
N/A
N/A
Weakening
BXMT
— Blackstone Mortgage Trust, Inc. Common Stock
REIT
$2.3B
$13.86
N/A
N/A
N/A
—
DX
— Dynex Capital, Inc. Common Stock
REIT
$2.8B
$12.90
N/A
N/A
N/A
Growing
MFA
— MFA Financial, Inc.
$901M
$8.87
N/A
N/A
N/A
Growing
NLY
— Annaly Capital Management Inc. Common Stock
REIT
$16.7B
$22.74
N/A
N/A
N/A
Growing
ORC
— Orchid Island Capital, Inc. Common Stock
REIT
$1.3B
$6.54
N/A
N/A
N/A
Growing
RWT
— Redwood Trust, Inc. Common Stock
REIT
$553M
$4.42
N/A
N/A
N/A
—
TRTX
— TPG RE Finance Trust, Inc. Common Stock
REIT
$597M
$7.72
N/A
N/A
N/A
—
TWO
— Two Harbors Investment Corp.
REIT
$1.3B
$12.18
N/A
N/A
N/A
Stable
▶ REIT-Healthcare Facilities
(10+8 total)
10
-69.2%
-66.8%
Overvalued
1
8
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SILA
— Sila Realty Trust, Inc. Common Stock
REIT
$1.7B
$30.38
$48.08
+58.3%
Undervalued
—
SBRA
— Sabra Health Care Reit, Inc. - Common Stock
REIT
$5.2B
$20.81
$21.29
+0.0%
Fair
Growing
OHI
— Omega Healthcare Investors, Inc. Common Stock
REIT
$14.0B
$47.02
$33.50
-28.8%
Overvalued
Growing
LTC
— LTC Properties, Inc. Common Stock
$2.2B
$42.03
$24.43
-41.9%
Overvalued
Growing
UHT
— Universal Health Realty Income Trust Common Stock
REIT
$571M
$41.15
$13.32
-67.6%
Overvalued
—
NHI
— National Health Investors, Inc. Common Stock
REIT
$3.5B
$71.31
$20.74
-70.9%
Overvalued
Stable
WELL
— Welltower
REIT
$167.5B
$237.34
$61.23
-74.2%
Overvalued
Growing
CTRE
— Caretrust Reit, Inc. Common Stock
REIT
$9.3B
$39.33
$4.74
-87.9%
Overvalued
Growing
DOC
— Healthpeak Properties
REIT
$14.1B
$20.52
$-11.36
-155.4%
Overvalued
Stable
STRW
— Strawberry Fields Reit, Inc. Common Stock
REIT
$185M
$13.79
$-43.46
-415.2%
Overvalued
Growing
Cannot calculate DCF
AHR
— American Healthcare Reit, Inc. Common Stock
REIT
$10.5B
$54.60
N/A
N/A
N/A
Growing
CHCT
— Community Healthcare Trust Incorporated Common Stock
REIT
$422M
$14.78
N/A
N/A
N/A
—
DHC
— Diversified Healthcare Trust - Common Shares of Beneficial Interest
REIT
$1.8B
$7.61
N/A
N/A
N/A
—
HR
— Healthcare Realty Trust Incorporated Common Stock
REIT
$6.6B
$19.08
N/A
N/A
N/A
—
MPT
— Medical Properties Trust, Inc. Common Stock
REIT
$2.4B
$4.00
N/A
N/A
N/A
—
NHP
— National Healthcare Properties, Inc. - Class A Common Stock
REIT
$469M
$16.49
N/A
N/A
N/A
Weakening
VTR
— Ventas
REIT
$43.7B
$89.88
N/A
N/A
N/A
Growing
XRN
— Chiron Real Estate Inc. Common Stock
REIT
$488M
$36.88
N/A
N/A
N/A
Growing
▶ REIT-Residential
(8+10 total)
8
-74.2%
-56.7%
Overvalued
1
7
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
AMH
— American Homes 4 Rent Common Shares of Beneficial Interest
REIT
$11.6B
$32.30
$35.14
+8.8%
Undervalued
Growing
INVH
— Invitation Homes
REIT
$16.8B
$28.23
$24.50
-13.2%
Overvalued
Growing
ESS
— Essex Property Trust
REIT
$17.8B
$277.63
$213.97
-22.9%
Overvalued
—
EQR
— Equity Residential
REIT
$23.9B
$63.66
$21.66
-66.0%
Overvalued
Growing
UDR
— UDR Inc.
REIT
$11.7B
$36.11
$6.38
-82.3%
Overvalued
Stable
MAA
— Mid-america Apartment Communities
REIT
$14.9B
$127.94
$11.89
-90.7%
Overvalued
Weakening
ELS
— Equity Lifestyle Properties, Inc. Common Stock
REIT
$12.0B
$61.84
$4.68
-92.4%
Overvalued
Growing
CPT
— Camden Property Trust
REIT
$10.4B
$104.71
$5.67
-94.6%
Overvalued
—
Cannot calculate DCF
AIV
— Apartment Investment and Management Company Common Stock
REIT
$357M
$2.48
N/A
N/A
N/A
Stable
AVB
— Avalonbay Communities
REIT
$26.1B
$184.11
N/A
N/A
N/A
Stable
BRT
— BRT Apartments Corp. MD Common Stock
REIT
$258M
$14.31
N/A
N/A
N/A
Stable
CLPR
— Clipper Realty Inc. Common Stock
REIT
$53M
$3.26
N/A
N/A
N/A
Stable
CSR
— D/B/A Centerspace Common Stock
REIT
$886M
$52.71
N/A
N/A
N/A
Stable
ELME
— Elme Communities Common Stock
REIT
$149M
$1.68
N/A
N/A
N/A
Weakening
IRT
— Independence Realty Trust, Inc. Common Stock
REIT
$3.8B
$15.91
N/A
N/A
N/A
—
NXRT
— Nexpoint Residential Trust, Inc. Common Stock
REIT
$594M
$23.29
N/A
N/A
N/A
—
SUI
— Sun Communities, Inc. Common Stock
REIT
$14.5B
$117.73
N/A
N/A
N/A
Stable
UMH
— UMH Properties, Inc. Common Stock
REIT
$1.4B
$15.87
N/A
N/A
N/A
Growing
▶ REIT-Specialty
(11+2 total)
11
-85.1%
-72.7%
Overvalued
2
9
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
EPR
— EPR Properties Common Stock
$4.6B
$59.91
$91.27
+52.3%
Undervalued
Growing
AMT
— American Tower
REIT
$81.9B
$175.73
$195.37
+11.2%
Undervalued
Stable
DLR
— Digital Realty
REIT
$66.6B
$189.57
$172.28
-9.1%
Overvalued
—
LAMR
— Lamar Advertising Company - Class A Common Stock
REIT
$15.2B
$149.87
$87.58
-41.6%
Overvalued
Growing
RYN
— Rayonier Inc. Reit Common Stock
REIT
$6.2B
$20.46
$11.56
-43.5%
Overvalued
Stable
EQIX
— Equinix
REIT
$102.7B
$1041.67
$155.15
-85.1%
Overvalued
Growing
SBAC
— SBA Communications
REIT
$20.0B
$188.57
$22.16
-88.2%
Overvalued
Stable
WY
— Weyerhaeuser
REIT
$16.4B
$22.71
$-2.78
-112.2%
Overvalued
Weakening
GLPI
— Gaming and Leisure Properties, Inc. - Common Stock
REIT
$11.8B
$41.62
$-15.23
-136.6%
Overvalued
Growing
IRM
— Iron Mountain
REIT
$34.6B
$116.15
$-54.15
-146.6%
Overvalued
Weakening
UNIT
— Uniti Group Inc. - Common Stock
REIT
$2.5B
$10.25
$-38.81
-478.6%
Overvalued
Stable
Cannot calculate DCF
CCI
— Crown Castle
REIT
$33.1B
$75.94
N/A
N/A
N/A
Weakening
OUT
— Outfront Media Inc. Common Stock
REIT
$5.1B
$28.81
N/A
N/A
N/A
Growing
▶ Basic Materials77
-51.6%
16 /
56 /
5
-34.8%
Overvalued
16
56
5
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Agricultural Inputs
(6+5 total)
6
+10.7%
+6.9%
Undervalued
3
2
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CF
— CF Industries
$20.6B
$134.33
$245.20
+82.5%
Undervalued
Stable
NTR
— Nutrien Ltd. Common Shares
Foreign
$38.7B
$80.68
$104.31
+29.3%
Undervalued
Growing
CTVA
— Corteva
$57.5B
$85.91
$104.27
+21.4%
Undervalued
Growing
UAN
— CVR Partners, L.P. Common Units Representing Limited Partner Interests
LP
$1.4B
$132.93
$127.46
+0.0%
Fair
Weakening
ICL
— ICL Group Ltd. Ordinary Shares
ADR
$7.6B
$5.87
$3.30
-43.8%
Overvalued
Weakening
MOS
— Mosaic Company (the)
$8.4B
$26.53
$13.72
-48.3%
Overvalued
Weakening
Cannot calculate DCF
AVD
— American Vanguard Corporation Common Stock ($0.10 Par Value)
$66M
$2.29
N/A
N/A
N/A
Weakening
BIOX
— Bioceres Crop Solutions Corp. - Ordinary Shares
Foreign
$25M
$0.41
N/A
N/A
N/A
Weakening
FMC
— FMC Corporation Common Stock
$1.6B
$12.81
N/A
N/A
N/A
Weakening
IPI
— Intrepid Potash, Inc. Common Stock
$559M
$41.59
N/A
N/A
N/A
Growing
SMG
— Scotts Miracle-gro Company (the) Common Stock
$3.3B
$57.53
N/A
N/A
N/A
Stable
▶ Lumber & Wood Production
(3+2 total)
3
+0.0%
-25.0%
Fair
1
1
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
UFPI
— UFP Industries, Inc. - Common Stock
$4.7B
$83.16
$93.72
+12.7%
Undervalued
Weakening
SSD
— Simpson Manufacturing Company, Inc. Common Stock
$7.4B
$178.76
$172.90
+0.0%
Fair
Weakening
BCC
— Boise Cascade, L.l.c. Common Stock
$2.7B
$76.88
$9.46
-87.7%
Overvalued
Weakening
Cannot calculate DCF
NWGL
— CL Workshop Group Ltd.
ADR
$18M
$1.07
N/A
N/A
N/A
Stable
WFG
— West Fraser Timber Co. Ltd. Common Stock
Foreign
$5.4B
$68.37
N/A
N/A
N/A
Weakening
▶ Chemicals
(4+10 total)
4
-2.1%
+33.3%
Fair
2
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
MEOH
— Methanex Corporation - Common Stock
Foreign
$4.7B
$60.35
$202.39
+235.4%
Undervalued
Weakening
WLKP
— Westlake Chemical Partners L.P. Common Units Representing Limited Partner Interests
LP
$765M
$21.71
$32.88
+51.5%
Undervalued
Weakening
REX
— REX American Resources Corporation
$1.4B
$42.66
$18.92
-55.6%
Overvalued
Stable
ASIX
— Advansix Inc. Common Stock
$460M
$17.06
$6.37
-62.7%
Overvalued
Weakening
Cannot calculate DCF
BAK
— Braskem S.A. ADR
ADR
$333M
$1.93
N/A
N/A
N/A
Weakening
CE
— Celanese Corporation Common Stock
$4.9B
$44.53
N/A
N/A
N/A
Weakening
DOW
— Dow Inc.
$21.3B
$29.57
N/A
N/A
N/A
Weakening
GPRE
— Green Plains, Inc. - Common Stock
$1.1B
$15.79
N/A
N/A
N/A
Stable
HUN
— Huntsman Corporation Common Stock
$1.7B
$9.81
N/A
N/A
N/A
Weakening
LXU
— LSB Industries, Inc. Common Stock
$817M
$11.35
N/A
N/A
N/A
Stable
OLN
— Olin Corporation Common Stock
$2.0B
$17.89
N/A
N/A
N/A
Weakening
RYAM
— Rayonier Advanced Materials Inc. Common Stock
$576M
$8.54
N/A
N/A
N/A
—
TROX
— Tronox Holdings Plc. Ordinary Shares UK
$766M
$4.80
N/A
N/A
N/A
Weakening
VHI
— Valhi, Inc. Common Stock
$535M
$18.90
N/A
N/A
N/A
Stable
▶ Gold
(14+15 total)
14
-29.1%
-19.7%
Overvalued
6
7
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
IAG
— Iamgold Corporation Ordinary Shares
Foreign
$11.6B
$20.12
$32.29
+60.5%
Undervalued
Growing
KGC
— Kinross Gold Corporation Common Stock
Foreign
$36.0B
$30.16
$45.82
+51.9%
Undervalued
Growing
EGO
— Eldorado Gold Corporation Ordinary Shares
Foreign
$11.4B
$43.88
$66.42
+51.4%
Undervalued
Growing
ARIS
— Aris Mining Corporation Common Shares
Foreign
$4.1B
$19.97
$29.86
+49.5%
Undervalued
Growing
B
— Barrick Mining Corporation Common Shares
Foreign
$73.9B
$44.12
$58.64
+32.9%
Undervalued
Growing
HMY
— Harmony Gold Mining Company Limited
ADR
$12.6B
$20.23
$26.85
+32.7%
Undervalued
Growing
AEM
— Agnico Eagle Mines Limited Common Stock
Foreign
$100.8B
$201.84
$209.83
+0.0%
Fair
Growing
AGI
— Alamos Gold Inc. Class A Common Shares
Foreign
$15.3B
$36.45
$15.28
-58.1%
Overvalued
Growing
EQX
— Equinox Gold Corp. Common Shares
Foreign
$10.0B
$12.62
$3.78
-70.0%
Overvalued
Growing
RGLD
— Royal Gold, Inc. - Common Stock
$22.2B
$261.18
$51.94
-80.1%
Overvalued
Growing
WPM
— Wheaton Precious Metals Corp. Common Shares (Canada)
Foreign
$70.5B
$155.15
$29.37
-81.1%
Overvalued
Growing
GFI
— Gold Fields Ltd.
ADR
$42.2B
$47.16
$7.24
-84.6%
Overvalued
Growing
DRD
— Drdgold Ltd.
ADR
$2.4B
$28.05
$3.67
-86.9%
Overvalued
Growing
AU
— Anglogold Ashanti Plc. Ordinary Shares
ADR
$54.5B
$107.76
$6.86
-93.6%
Overvalued
Growing
Cannot calculate DCF
AUGO
— Aura Minerals Inc. - Common Shares
Foreign
$7.1B
$85.25
N/A
N/A
N/A
Stable
BTG
— B2gold Corp. Common Shares (Canada)
Foreign
$7.2B
$5.44
N/A
N/A
N/A
Growing
CDE
— Coeur Mining, Inc. Common Stock
$21.3B
$20.66
N/A
N/A
N/A
Growing
CGAU
— Centerra Gold Inc. Common Shares
Foreign
$4.5B
$22.84
N/A
N/A
N/A
Weakening
CMCL
— Caledonia Mining Corporation Plc. Common Shares
Foreign
$502M
$26.00
N/A
N/A
N/A
Growing
FNV
— Franco-nevada Corporation
Foreign
$50.9B
$264.07
N/A
N/A
N/A
Growing
FSM
— Fortuna Mining Corp. Common Shares
Foreign
$3.7B
$12.16
N/A
N/A
N/A
Growing
GAU
— Galiano Gold Inc.
Foreign
$580M
$2.22
N/A
N/A
N/A
Weakening
IAUX
— I-80 Gold Corp. Common Shares
$1.5B
$1.76
N/A
N/A
N/A
Stable
MAKO
— Mako Mining Corp. - Common Stock
Foreign
$886M
$10.12
N/A
N/A
N/A
Stable
NEM
— Newmont
$135.6B
$127.06
N/A
N/A
N/A
Growing
OR
— OR Royalties Inc. Common Shares
Foreign
$6.9B
$36.91
N/A
N/A
N/A
Growing
ORLA
— Orla Mining Ltd. Common Shares
Foreign
$3.3B
$9.44
N/A
N/A
N/A
Stable
PAAS
— Pan American Silver Corp. Common Stock
Foreign
$21.5B
$51.00
N/A
N/A
N/A
Growing
SSRM
— SSR Mining Inc. - Common Stock
$7.7B
$36.95
N/A
N/A
N/A
Growing
▶ Specialty Chemicals
(20+27 total)
20
-36.2%
-30.7%
Overvalued
2
16
2
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HDSN
— Hudson Technologies, Inc. - Common Stock
$225M
$5.35
$25.93
+384.7%
Undervalued
Weakening
AXTA
— Axalta Coating Systems Ltd. Common Shares
$7.6B
$35.53
$38.31
+7.8%
Undervalued
Growing
ODC
— Oil-dri Corporation of America Common Stock
$1.2B
$86.12
$87.68
+0.0%
Fair
Growing
RPM
— RPM International Inc. Common Stock
$13.1B
$102.27
$102.12
+0.0%
Fair
Growing
KOP
— Koppers Holdings Inc. Common Stock
$907M
$47.16
$37.64
-20.2%
Overvalued
Stable
NEU
— Newmarket Corp. Common Stock
$8.0B
$868.25
$686.02
-21.0%
Overvalued
Growing
PPG
— PPG Industries
$24.5B
$109.72
$85.27
-22.3%
Overvalued
Stable
BCPC
— Balchem Corporation - Common Stock
$5.5B
$171.08
$129.80
-24.1%
Overvalued
Growing
HWKN
— Hawkins, Inc. - Common Stock
$2.7B
$128.64
$86.13
-33.0%
Overvalued
Stable
SHW
— Sherwin-williams
$80.4B
$326.21
$216.33
-33.7%
Overvalued
Growing
AVNT
— Avient Corporation Common Stock
$3.9B
$42.63
$26.10
-38.8%
Overvalued
Growing
WDFC
— Wd-40 Company - Common Stock
$2.7B
$201.68
$109.48
-45.7%
Overvalued
Growing
CBT
— Cabot Corporation Common Stock
$4.1B
$80.29
$42.26
-47.4%
Overvalued
Stable
ECL
— Ecolab
$78.3B
$278.15
$128.35
-53.9%
Overvalued
Growing
IOSP
— Innospec Inc. - Common Stock
$2.3B
$93.27
$37.94
-59.3%
Overvalued
Stable
ESI
— Element Solutions Inc. Common Stock
$8.8B
$36.22
$11.96
-67.0%
Overvalued
Growing
FUL
— H B Fuller Company Common Stock
$2.9B
$53.08
$16.92
-68.1%
Overvalued
Stable
CMT
— Core Molding Technologies Inc. Common Stock
$203M
$23.71
$5.07
-78.6%
Overvalued
Weakening
LIN
— Linde Plc.
$216.5B
$468.19
$-3.00
-100.6%
Overvalued
Growing
SXT
— Sensient Technologies Corporation Common Stock
$5.7B
$134.14
$-11.17
-108.3%
Overvalued
Growing
Cannot calculate DCF
ALB
— Albemarle Corporation
$15.3B
$129.57
N/A
N/A
N/A
Stable
ALTO
— Alto Ingredients, Inc. - Common Stock
$318M
$4.11
N/A
N/A
N/A
Growing
AMTX
— Aemetis, Inc. - Common Stock
$124M
$1.76
N/A
N/A
N/A
Stable
APD
— Air Products
$66.3B
$297.75
N/A
N/A
N/A
Weakening
ASH
— Ashland Inc. Common Stock
$3.3B
$72.62
N/A
N/A
N/A
Weakening
ASPN
— Aspen Aerogels, Inc. Common Stock
$407M
$4.91
N/A
N/A
N/A
Stable
CC
— Chemours Company (the) Common Stock
$2.3B
$15.45
N/A
N/A
N/A
Weakening
CLMT
— Calumet, Inc. - Common Stock
LP
$4.9B
$53.91
N/A
N/A
N/A
Weakening
DD
— Dupont
$53.8B
$131.32
N/A
N/A
N/A
Weakening
ECVT
— Ecovyst Inc. Common Stock
$1.1B
$10.10
N/A
N/A
N/A
Weakening
EMN
— Eastman Chemical Company Common Stock
$8.0B
$70.40
N/A
N/A
N/A
Weakening
FF
— Futurefuel Corp. Common Shares
$234M
$5.33
N/A
N/A
N/A
Weakening
GEVO
— Gevo, Inc. - Common Stock
$404M
$1.66
N/A
N/A
N/A
Stable
IFF
— International Flavors & Fragrances
$21.9B
$85.66
N/A
N/A
N/A
Stable
KRO
— Kronos Worldwide Inc. Common Stock
$991M
$8.61
N/A
N/A
N/A
Stable
KWR
— Quaker Houghton Common Stock
$2.8B
$162.11
N/A
N/A
N/A
Weakening
LYB
— Lyondellbasell
$20.8B
$64.59
N/A
N/A
N/A
Weakening
MATV
— Mativ Holdings, Inc. Common Stock
$692M
$12.55
N/A
N/A
N/A
Stable
MNTK
— Montauk Renewables, Inc. - Common Stock
$354M
$2.49
N/A
N/A
N/A
Weakening
MTX
— Minerals Technologies Inc. Common Stock
$2.2B
$70.44
N/A
N/A
N/A
Weakening
NGVT
— Ingevity Corporation Common Stock
$2.4B
$69.20
N/A
N/A
N/A
Stable
OEC
— Orion S.A. Common Shares
$342M
$6.06
N/A
N/A
N/A
Weakening
PRM
— Perimeter Solutions, S.A. Common Stock
$5.2B
$32.05
N/A
N/A
N/A
Weakening
SCL
— Stepan Company Common Stock
$1.4B
$62.44
N/A
N/A
N/A
Growing
SQM
— Sociedad Quimica Y Minera S.A. Common Stock
ADR
$10.8B
$75.65
N/A
N/A
N/A
Weakening
SSL
— Sasol Ltd.
ADR
$8.4B
$13.30
N/A
N/A
N/A
Weakening
WLK
— Westlake Corporation Common Stock
$9.6B
$74.73
N/A
N/A
N/A
Weakening
▶ Building Materials
(9+1 total)
9
-41.8%
-34.4%
Overvalued
1
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CPAC
— Cementos Pacasmayo SAA
ADR
$1.1B
$12.55
$21.65
+72.5%
Undervalued
Growing
CRH
— CRH Plc.
Foreign
$60.5B
$90.61
$79.73
-12.0%
Overvalued
Growing
USLM
— United States Lime & Minerals, Inc. - Common Stock
$3.4B
$117.04
$97.33
-16.8%
Overvalued
Growing
VMC
— Vulcan Materials Company
$33.5B
$258.33
$174.87
-32.3%
Overvalued
Growing
MLM
— Martin Marietta Materials
$30.7B
$512.05
$297.94
-41.8%
Overvalued
Stable
TGLS
— Tecnoglass Inc. Ordinary Shares
$1.8B
$40.39
$16.72
-58.6%
Overvalued
Weakening
LOMA
— Loma Negra Compania Industrial Argentina Sociedad Anonima ADS
ADR
$1.2B
$10.12
$3.28
-67.6%
Overvalued
Growing
CX
— Cemex, S.A.b. de C.v. Sponsored ADR
ADR
$15.8B
$10.98
$2.92
-73.4%
Overvalued
Stable
EXP
— Eagle Materials Inc. Common Stock
$5.9B
$190.63
$38.29
-79.9%
Overvalued
Weakening
Cannot calculate DCF
JHX
— James Hardie Industries Plc. Ordinary Shares
$17.3B
$29.86
N/A
N/A
N/A
Weakening
▶ Other Precious Metals & Mining
(1+7 total)
1
-65.4%
-65.4%
Overvalued
0
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BVN
— Buenaventura Mining Company Inc.
ADR
$8.7B
$34.15
$11.82
-65.4%
Overvalued
Growing
Cannot calculate DCF
ASM
— Avino Silver & Gold Mines Ltd. Common Shares (Canada)
Foreign
$1.3B
$7.29
N/A
N/A
N/A
Growing
GORO
— Gold Resource Corporation Common Stock
$617M
$3.81
N/A
N/A
N/A
Growing
HL
— Hecla Mining Company Common Stock
$13.7B
$20.45
N/A
N/A
N/A
Growing
ITRG
— Integra Resources Corp. Common Shares
Foreign
$570M
$2.82
N/A
N/A
N/A
Growing
MUX
— McEwen Inc. Common Stock
$1.2B
$20.26
N/A
N/A
N/A
Stable
SBSW
— D/B/A Sibanye-stillwater Limited ADS
ADR
$9.1B
$12.90
N/A
N/A
N/A
Growing
TFPM
— Triple Flag Precious Metals Corp. Common Shares
Foreign
$7.0B
$33.77
N/A
N/A
N/A
Growing
▶ Copper
(4+2 total)
4
-66.9%
-67.9%
Overvalued
0
4
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SCCO
— Southern Copper Corporation Common Stock
$174.0B
$208.52
$94.28
-54.8%
Overvalued
Growing
HBM
— Hudbay Minerals Inc. Ordinary Shares (Canada)
Foreign
$11.5B
$28.98
$10.78
-62.8%
Overvalued
Growing
TECK
— Teck Resources Ltd. Ordinary Shares
Foreign
$35.2B
$71.97
$20.90
-71.0%
Overvalued
Weakening
FCX
— Freeport-mcmoran
$109.9B
$76.44
$13.09
-82.9%
Overvalued
Growing
Cannot calculate DCF
ERO
— Ero Copper Corp. Common Shares
Foreign
$4.0B
$37.95
N/A
N/A
N/A
Growing
TGB
— Taseko Mines, Ltd. Common Stock
Foreign
$3.3B
$8.89
N/A
N/A
N/A
Stable
▶ Steel
(8+5 total)
8
-79.0%
-61.5%
Overvalued
1
7
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
SIM
— Grupo Simec, S.A.b. de C.v.
ADR
$4.7B
$30.50
$32.94
+8.0%
Undervalued
Stable
NUE
— Nucor
$58.4B
$256.41
$242.95
-5.2%
Overvalued
Weakening
RS
— RELIANCE Inc. Common Stock
$20.3B
$398.42
$192.87
-51.6%
Overvalued
Weakening
STLD
— Steel Dynamics
$34.7B
$240.27
$58.44
-75.7%
Overvalued
Weakening
NWPX
— Nwpx Infrastructure, Inc. - Common Stock
$1.0B
$106.52
$18.95
-82.2%
Overvalued
Growing
GGB
— Gerdau S.A. Common Stock
ADR
$6.4B
$5.07
$0.62
-87.8%
Overvalued
Weakening
FRD
— Friedman Industries Inc. - Common Stock
$327M
$45.94
$0.94
-98.0%
Overvalued
Growing
MT
— Arcelor Mittal NY Registry Shares NEW
ADR
$58.7B
$77.14
$0.22
-99.7%
Overvalued
Growing
Cannot calculate DCF
CLF
— Cleveland-cliffs Inc. Common Stock
$7.0B
$12.29
N/A
N/A
N/A
Weakening
MTUS
— Metallus Inc. Common Shares
$808M
$19.42
N/A
N/A
N/A
Weakening
PKX
— Posco Holdings Inc.
ADR
$18.9B
$61.51
N/A
N/A
N/A
Weakening
SID
— Companhia Siderurgica Nacional S.A. Common Stock
ADR
$1.7B
$1.25
N/A
N/A
N/A
Stable
TX
— Ternium S.A.
ADR
$11.4B
$58.12
N/A
N/A
N/A
Weakening
▶ Coking Coal
(1+4 total)
1
-93.3%
-93.3%
Overvalued
0
1
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
HCC
— Warrior Met Coal, Inc. Common Stock
$5.6B
$105.54
$7.04
-93.3%
Overvalued
Weakening
Cannot calculate DCF
AMR
— Alpha Metallurgical Resources, Inc. Common Stock
$2.8B
$223.74
N/A
N/A
N/A
Weakening
METC
— Ramaco Resources, Inc. - Class A Common Stock
$817M
$12.54
N/A
N/A
N/A
Weakening
METCB
— Ramaco Resources, Inc. - Class B Common Stock
$426M
$6.53
N/A
N/A
N/A
Weakening
SXC
— Suncoke Energy, Inc. Common Stock
$867M
$10.22
N/A
N/A
N/A
Weakening
▶ Other Industrial Metals & Mining
(5+8 total)
5
-97.3%
-90.7%
Overvalued
0
5
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
RIO
— Rio Tinto Plc. Common Stock
ADR
$168.8B
$103.83
$65.45
-37.0%
Overvalued
Weakening
MTRN
— Materion Corporation
$5.3B
$255.00
$32.84
-87.1%
Overvalued
Stable
VALE
— Vale S.A.
ADR
$66.1B
$15.54
$0.42
-97.3%
Overvalued
Weakening
BHP
— BHP Group Ltd.
ADR
$233.6B
$91.97
$-3.31
-103.6%
Overvalued
Weakening
CMP
— Compass Minerals Intl Inc. Common Stock
$1.1B
$25.79
$-7.41
-128.7%
Overvalued
Stable
Cannot calculate DCF
ELVR
— Elevra Lithium Limited - American Depository Shares
Foreign
$968M
$56.69
N/A
N/A
N/A
—
GSM
— Ferroglobe Plc. - Ordinary Shares
Foreign
$846M
$4.53
N/A
N/A
N/A
Weakening
IONR
— Ioneer Ltd.
ADR
$179M
$3.04
N/A
N/A
N/A
Weakening
LGO
— Largo Inc. - Common Shares
Foreign
$74M
$0.73
N/A
N/A
N/A
Stable
MP
— MP Materials Corp. Common Stock
$9.9B
$55.39
N/A
N/A
N/A
Weakening
NEXA
— Nexa Resources S.A. Common Shares
Foreign
$1.9B
$14.11
N/A
N/A
N/A
Growing
SGML
— Sigma Lithium Corporation - Common Shares
Foreign
$1.2B
$10.43
N/A
N/A
N/A
Weakening
USAS
— Americas Gold and Silver Corporation Common Shares, No Par Value
Foreign
$1.7B
$5.17
N/A
N/A
N/A
Stable
▶ Aluminum
(2+2 total)
2
-101.4%
-101.4%
Overvalued
0
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CSTM
— Constellium SE Ordinary Shares (France)
$3.7B
$27.50
$9.42
-65.7%
Overvalued
Growing
KALU
— Kaiser Aluminum Corporation - Common Stock
$2.7B
$168.21
$-62.41
-137.1%
Overvalued
Growing
Cannot calculate DCF
AA
— Alcoa Corporation Common Stock
$13.7B
$51.74
N/A
N/A
N/A
Growing
CENX
— Century Aluminum Company - Common Stock
$4.7B
$47.95
N/A
N/A
N/A
Growing
▶ Utilities51
-100.5%
12 /
38 /
1
-59.6%
Overvalued
12
38
1
Industry Valued Median upside Average upside Valuation
Undervalued Overvalued Fair
▶ Utilities-Renewable
(4+8 total)
4
-54.4%
-33.8%
Overvalued
1
3
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
AXIA
— Axia Energia S.A.
ADR
$23.2B
$10.20
$19.09
+87.2%
Undervalued
Growing
RNW
— Renew Energy Global Plc. - Class A Shares
Foreign
$2.5B
$6.87
$5.79
-15.7%
Overvalued
Stable
CWEN
— Clearway Energy, Inc. Class C Common Stock
$5.2B
$33.14
$2.30
-93.1%
Overvalued
Stable
ENLT
— Enlight Renewable Energy Ltd. - Ordinary Shares
Foreign
$10.8B
$77.50
$-10.52
-113.6%
Overvalued
Growing
Cannot calculate DCF
BEP
— Brookfield Renewable Partners L.P. Limited Partnership Units
LP
Foreign
$9.7B
$32.13
N/A
N/A
N/A
Stable
BEPC
— Brookfield Renewable Corporation Brookfield Renewable Corporation Class A Subordinate Voting Shares
Foreign
$5.9B
$32.56
N/A
N/A
N/A
Weakening
FLNC
— Fluence Energy, Inc. - Class A Common Stock
$1.5B
$11.04
N/A
N/A
N/A
Stable
NRGV
— Energy Vault Holdings, Inc. Common Stock
$770M
$4.32
N/A
N/A
N/A
Stable
ORA
— Ormat Technologies, Inc. Common Stock
$6.6B
$107.97
N/A
N/A
N/A
Stable
STEM
— Stem, Inc. Class A Common Stock
$48M
$5.62
N/A
N/A
N/A
Growing
WAVE
— Eco Wave Power Global AB (Publ)
ADR
$37M
$5.98
N/A
N/A
N/A
Weakening
XIFR
— Xplr Infrastructure, L.P. Common Units Representing Limited Partner Interests
$1.2B
$12.24
N/A
N/A
N/A
Stable
▶ Utilities-Regulated Water
(6+3 total)
6
-88.5%
-59.1%
Overvalued
1
4
1
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CWCO
— Consolidated Water Co. Ltd. - Ordinary Shares
$458M
$28.64
$56.80
+98.3%
Undervalued
Stable
WTRG
— Essential Utilities, Inc. Common Stock
$11.9B
$41.95
$43.67
+0.0%
Fair
Growing
SBS
— Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp
ADR
$18.6B
$5.27
$1.38
-73.8%
Overvalued
Stable
CWT
— California Water Service Group Common Stock
$3.0B
$49.79
$-1.60
-103.2%
Overvalued
Growing
MSEX
— Middlesex Water Company - Common Stock
$1.1B
$58.34
$-12.68
-121.7%
Overvalued
Growing
HTO
— H2o America - Common Stock
$2.7B
$64.85
$-35.20
-154.3%
Overvalued
Growing
Cannot calculate DCF
ARTNA
— Artesian Resources Corporation - Class A Non-voting Common Stock
$381M
$36.88
N/A
N/A
N/A
Growing
AWK
— American Water Works
$27.4B
$140.43
N/A
N/A
N/A
Stable
AWR
— American States Water Company Common Stock
$3.5B
$88.71
N/A
N/A
N/A
Stable
▶ Utilities-Regulated Electric
(28+13 total)
28
-97.2%
-40.3%
Overvalued
9
19
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
CIG-C
— Energy Co. of Minas Gerais
ADR
$3.3B
$3.41
$16.57
+385.9%
Undervalued
Weakening
CIG.C
— Comp En de Mn Cemig ADS American Depositary Receipts
ADR
$3.3B
$3.41
$16.57
+385.9%
Undervalued
Weakening
CIG
— Energy Co. of Minas Gerais
ADR
$4.3B
$2.24
$8.32
+271.4%
Undervalued
Weakening
PCG
— Pg&e Corporation
$32.6B
$14.82
$47.58
+221.1%
Undervalued
Stable
GNE
— Genie Energy Ltd. Class B Common Stock Stock
$412M
$15.62
$47.22
+202.3%
Undervalued
Stable
FE
— Firstenergy
$26.9B
$46.47
$74.34
+60.0%
Undervalued
Stable
DUK
— Duke Energy
$94.5B
$121.24
$181.58
+49.8%
Undervalued
Growing
ELPC
— Energy Co. of Parana
ADR
$9.3B
$12.55
$18.51
+47.5%
Undervalued
Weakening
DTE
— DTE Energy
$28.6B
$137.25
$168.03
+22.4%
Undervalued
Stable
XEL
— Xcel Energy
$48.0B
$76.84
$58.42
-24.0%
Overvalued
Growing
EXC
— Exelon
$45.0B
$43.95
$30.54
-30.5%
Overvalued
Growing
TXNM
— Txnm Energy, Inc. Common Stock
$6.4B
$58.12
$10.14
-82.6%
Overvalued
Weakening
CEPU
— Central Puerto S.A.
ADR
$2.1B
$14.07
$1.84
-86.9%
Overvalued
Growing
MGEE
— MGE Energy Inc. - Common Stock
$2.9B
$78.01
$4.21
-94.6%
Overvalued
Stable
ENIC
— Enel Chile S.A.
ADR
$6.3B
$4.58
$0.01
-99.8%
Overvalued
Weakening
PPL
— PPL Corporation
$26.4B
$35.08
$-0.16
-100.5%
Overvalued
Stable
EDN
— Edenor
ADR
$509M
$24.71
$-3.43
-113.9%
Overvalued
Growing
NEE
— Nextera Energy
$174.9B
$83.86
$-32.30
-138.5%
Overvalued
Weakening
IDA
— Idacorp, Inc. Common Stock
$7.7B
$138.11
$-54.14
-139.2%
Overvalued
Growing
ETR
— Entergy
$49.7B
$108.50
$-43.44
-140.0%
Overvalued
Stable
LNT
— Alliant Energy
$17.7B
$68.61
$-35.30
-151.5%
Overvalued
Growing
OGE
— OGE Energy Corp. Common Stock
$9.8B
$47.40
$-24.68
-152.1%
Overvalued
Stable
WEC
— WEC Energy Group
$34.9B
$107.08
$-60.27
-156.3%
Overvalued
Growing
AEP
— American Electric Power
$68.2B
$125.42
$-73.12
-158.3%
Overvalued
Growing
ED
— Consolidated Edison
$39.9B
$108.27
$-64.01
-159.1%
Overvalued
Stable
SO
— Southern Company
$100.3B
$89.01
$-52.59
-159.1%
Overvalued
Stable
D
— Dominion Energy
$58.2B
$66.22
$-39.91
-160.3%
Overvalued
Growing
PEG
— Public Service Enterprise Group
$37.0B
$74.24
$-44.82
-160.4%
Overvalued
Weakening
Cannot calculate DCF
AEE
— Ameren
$29.5B
$106.73
N/A
N/A
N/A
Stable
CMS
— CMS Energy
$21.3B
$68.79
N/A
N/A
N/A
Growing
CNP
— Centerpoint Energy
$26.2B
$40.12
N/A
N/A
N/A
Growing
EIX
— Edison International
$22.8B
$59.34
N/A
N/A
N/A
Growing
EMA
— Emera Incorporated Common Shares
Foreign
$15.5B
$50.77
N/A
N/A
N/A
Stable
ES
— Eversource Energy
$26.9B
$71.51
N/A
N/A
N/A
Growing
EVRG
— Evergy
$18.9B
$82.19
N/A
N/A
N/A
Growing
FTS
— Fortis Inc. Common Shares
Foreign
$28.3B
$55.60
N/A
N/A
N/A
Growing
HE
— Hawaiian Electric Industries, Inc. Common Stock
$1.9B
$10.91
N/A
N/A
N/A
Weakening
KEP
— Korea Electric Power Corporation Common Stock
ADR
$16.1B
$12.52
N/A
N/A
N/A
Growing
NGG
— National Grid Plc.
ADR
$77.7B
$78.06
N/A
N/A
N/A
Stable
PNW
— Pinnacle West Capital
$11.9B
$98.04
N/A
N/A
N/A
Stable
POR
— Portland General Electric Co. Common Stock
$5.7B
$49.47
N/A
N/A
N/A
Growing
▶ Utilities-Diversified
(2+4 total)
2
-107.3%
-107.3%
Overvalued
0
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BIP
— Brookfield Infrastructure Partners L.P. Limited Partnership Units
LP
Foreign
$17.1B
$37.31
$27.96
-25.1%
Overvalued
Growing
AVA
— Avista Corporation Common Stock
$3.1B
$37.62
$-33.69
-189.6%
Overvalued
Stable
Cannot calculate DCF
AES
— AES Corporation
$10.6B
$14.83
N/A
N/A
N/A
Stable
AQN
— Algonquin Power & Utilities Corp. Common Shares
Foreign
$4.4B
$5.68
N/A
N/A
N/A
Stable
SRE
— Sempra
$55.9B
$85.49
N/A
N/A
N/A
Weakening
UTL
— Unitil Corporation Common Stock
$974M
$54.14
N/A
N/A
N/A
Stable
▶ Utilities-Regulated Gas
(9+6 total)
9
-144.9%
-100.7%
Overvalued
1
8
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
BIPC
— Brookfield Infrastructure Corporation Brookfield Infrastructure Corporation
Foreign
$4.6B
$37.49
$225.88
+502.5%
Undervalued
Stable
SPH
— Suburban Propane Partners, L.P. Common Stock
LP
$1.2B
$17.37
$3.65
-79.0%
Overvalued
Stable
ATO
— Atmos Energy
$28.1B
$168.12
$-5.89
-103.5%
Overvalued
Stable
SWX
— Southwest Gas Holdings, Inc. Common Stock DE
$6.4B
$88.80
$-24.20
-127.3%
Overvalued
Stable
CPK
— Chesapeake Utilities Corporation Common Stock
$3.2B
$133.02
$-59.66
-144.9%
Overvalued
Growing
OGS
— ONE Gas, Inc. Common Stock
$5.1B
$80.78
$-36.49
-145.2%
Overvalued
Growing
RGCO
— RGC Resources Inc. - Common Stock
$224M
$21.57
$-12.10
-156.1%
Overvalued
Growing
SR
— Spire Inc. Common Stock
$4.9B
$83.42
$-60.88
-173.0%
Overvalued
Stable
BKH
— Black Hills Corporation Common Stock
$5.6B
$74.15
$-57.61
-177.7%
Overvalued
Stable
Cannot calculate DCF
MDU
— MDU Resources Group, Inc. Common Stock (Holding Company)
$4.1B
$19.84
N/A
N/A
N/A
Stable
NI
— Nisource
$20.1B
$41.92
N/A
N/A
N/A
Growing
NJR
— Newjersey Resources Corporation Common Stock
$5.4B
$54.00
N/A
N/A
N/A
Growing
NWN
— Northwest Natural Holding Company Common Stock
$2.1B
$49.90
N/A
N/A
N/A
Growing
OPAL
— Opal Fuels Inc. - Class A Common Stock
$59M
$1.93
N/A
N/A
N/A
Stable
UGI
— UGI Corporation Common Stock
$8.2B
$38.27
N/A
N/A
N/A
Growing
▶ Utilities
(2)
2
-154.8%
-150.2%
Overvalued
0
2
0
Company Mkt Cap Current price DCF Value Upside Valuation 3 Yr Status
PPLC
— PPL Corporation Corporate Units
$35.2B
$46.80
$-0.16
-100.3%
Overvalued
Stable
SOMN
— Southern Company (the) 2025 Series A Corporate Units
$54.3B
$48.15
$-52.59
-209.2%
Overvalued
Stable