Stock Analyses

JG

Aurora Mobile Ltd

Valuation N/A

Technology

Price$6.50

Model IV—

P/IV—

JGH

Nuveen Global High Income Fund

Valuation N/A

Unknown

Price$12.20

Model IV—

P/IV—

JHG

JANUS HENDERSON GROUP PLC

Deeply undervalued

Financial Services

Price$51.95

Model IV$84.98

P/IV0.61

Discount 39% Return to IV: +63.6%

Owner yield 7.7% 10-yr IRR 15.0% · moderate

Market implies -0.9%/yr vs model +6.8% · below model

JHI

JOHN HANCOCK INVESTORS TRUST

Valuation N/A

Unknown

Price$12.61

Model IV—

P/IV—

JHS

JOHN HANCOCK INCOME SECURITIES TRUST

Valuation N/A

Unknown

Price$10.60

Model IV—

P/IV—

JHX

James Hardie Industries plc

Valuation N/A

Industrials

Price$27.06

Model IV—

P/IV—

Owner yield 2.4% 10-yr IRR -0.5% · moderate

Market implies +34.2%/yr vs model +7.1% · above model

JILL

J.Jill, Inc.

Deeply overvalued

Consumer Cyclical

Price$23.63

Model IV$15.87

P/IV0.80

Premium +49% Return to IV: -32.8%

Owner yield 11.8% 10-yr IRR 18.9% · steady

Market implies +5.8%/yr vs model +3.0% · in line

JJSF

J&J SNACK FOODS CORP

Deeply undervalued

Consumer Defensive

Price$83.29

Model IV$128.94

P/IV0.59

Discount 35% Return to IV: +54.8%

Owner yield 5.1% 10-yr IRR 9.4% · moderate

Market implies -0.1%/yr vs model +7.4% · below model

JKHY

JACK HENRY & ASSOCIATES INC

Deeply undervalued

Technology

Price$154.85

Model IV$248.29

P/IV0.55

Discount 38% Return to IV: +60.3%

Owner yield 4.2% 10-yr IRR 8.8% · moderate

Market implies +2.2%/yr vs model +9.9% · below model

JKS

JinkoSolar Holding Co., Ltd.

Valuation N/A

Technology

Price$11.35

Model IV—

P/IV—

Market implies +21.4%/yr vs model +8.0% · above model

JL

J-Long Group Ltd

Deeply undervalued

Consumer Cyclical

Price$4.74

Model IV$26.55

P/IV0.24

Discount 82% Return to IV: +460.1%

Owner yield 13.9% 10-yr IRR 25.5% · moderate

Market implies -23.3%/yr vs model +7.0% · below model

JLHL

Julong Holding Ltd

Overvalued

Industrials

Price$6.09

Model IV$4.89

P/IV4.00

Premium +24% Return to IV: -19.7%

Market implies -5.7%/yr vs model +15.0% · below model

JLL

JONES LANG LASALLE INC

Undervalued

Real Estate

Price$343.55

Model IV$461.07

P/IV0.61

Discount 25% Return to IV: +34.2%

Market implies +2.9%/yr vs model +8.5% · below model

JLS

Nuveen Mortgage & Income Fund/MA/

Valuation N/A

Unknown

Price$16.82

Model IV—

P/IV—

JMG

JM Group Ltd

Deeply overvalued

Industrials

Price$6.61

Model IV$2.94

P/IV2.25

Premium +125% Return to IV: -55.5%

Market implies +13.1%/yr vs model +6.0% · above model

JMIA

Jumia Technologies AG

Valuation N/A

Consumer Cyclical

Price$7.45

Model IV—

P/IV—

JMM

Nuveen Multi-Market Income Fund

Valuation N/A

Unknown

Price$5.68

Model IV—

P/IV—

JMSB

John Marshall Bancorp, Inc.

Overvalued

Financial Services

Price$23.05

Model IV$16.55

P/IV1.28

Premium +39% Return to IV: -28.2%

JNJ

JOHNSON & JOHNSON

Overvalued

Healthcare

Price$269.99

Model IV$223.02

P/IV1.18

Premium +21% Return to IV: -17.4%

Owner yield 2.8% 10-yr IRR 1.4% · moderate

Market implies +8.5%/yr vs model +7.3% · in line

JOB

GEE Group Inc.

Deeply undervalued

Technology

Price$0.23

Model IV$1.44

P/IV0.16

Discount 84% Return to IV: +515.6%

Market implies -40.6%/yr vs model +2.0% · below model

JOBY

Joby Aviation, Inc.

Valuation N/A

Industrials

Price$6.30

Model IV—

P/IV—

Market implies +82.0%/yr vs model +15.0% · above model

JOE

ST JOE Co

Deeply undervalued

Real Estate

Price$64.34

Model IV$107.19

P/IV0.59

Discount 40% Return to IV: +66.6%

Owner yield 3.4% 10-yr IRR 8.7% · grower

Market implies +4.0%/yr vs model +13.6% · below model

JOF

JAPAN SMALLER CAPITALIZATION FUND INC

Valuation N/A

Unknown

Price$12.56

Model IV—

P/IV—

JOUT

JOHNSON OUTDOORS INC

Deeply overvalued

Consumer Cyclical

Price$44.61

Model IV$32.36

P/IV1.38

Premium +38% Return to IV: -27.5%

Owner yield 5.7% 10-yr IRR 3.9% · steady

Market implies +0.1%/yr vs model -1.6% · in line

JOYY

JOYY Inc.

Valuation N/A

Technology

Price$77.26

Model IV—

P/IV—

Owner yield 0.2% 10-yr IRR -22.5% · moderate

Market implies +49.8%/yr vs model +7.0% · above model

JPC

Nuveen Preferred & Income Opportunities Fund

Valuation N/A

Unknown

Price$7.07

Model IV—

P/IV—

JPM

JPMORGAN CHASE & CO

Deeply overvalued

Financial Services

Price$349.67

Model IV$234.24

P/IV1.51

Premium +49% Return to IV: -33.0%

JQC

Nuveen Credit Strategies Income Fund

Valuation N/A

Unknown

Price$4.71

Model IV—

P/IV—

JRI

Nuveen Real Asset Income & Growth Fund

Valuation N/A

Unknown

Price$11.62

Model IV—

P/IV—

JRS

NUVEEN REAL ESTATE INCOME FUND

Valuation N/A

Unknown

Price$8.06

Model IV—

P/IV—

JRSH

Jerash Holdings (US), Inc.

Deeply undervalued

Consumer Cyclical

Price$5.13

Model IV$16.25

P/IV0.21

Discount 68% Return to IV: +216.7%

Market implies -26.6%/yr vs model +12.8% · below model

JRVR

James River Group Holdings, Inc.

Fairly valued

Financial Services

Price$3.95

Model IV$4.43

P/IV0.88

Discount 11% Return to IV: +12.1%

JSM

NAVIENT CORP

Deeply undervalued

Financial Services

Price$17.65

Model IV$35.07

P/IV0.52

Discount 50% Return to IV: +98.7%

Market implies -18.7%/yr vs model -6.8% · below model

JSPR

Jasper Therapeutics, Inc.

Valuation N/A

Healthcare

Price$0.66

Model IV—

P/IV—

JSPRW

Jasper Therapeutics, Inc.

Valuation N/A

Healthcare

Price$0.01

Model IV—

P/IV—

JTAI

Jet.AI Inc.

Valuation N/A

Industrials

Price$1.28

Model IV—

P/IV—

Market implies +64.8%/yr vs model +2.0% · above model

JUNS

JUPITER NEUROSCIENCES, INC.

Valuation N/A

Healthcare

Price$3.05

Model IV—

P/IV—

Market implies +135.9%/yr vs model +15.0% · above model

JVA

COFFEE HOLDING CO INC

Deeply undervalued

Consumer Defensive

Price$4.17

Model IV$12.69

P/IV0.34

Discount 67% Return to IV: +204.3%

Market implies -25.3%/yr vs model +10.8% · below model

JWEL

Jowell Global Ltd.

Valuation N/A

Consumer Cyclical

Price$2.24

Model IV—

P/IV—

Market implies -50.0%/yr vs model +2.0% · below model

JXG

JX Luxventure Group Inc.

Valuation N/A

Industrials

Price$8.95

Model IV—

P/IV—

JXN

Jackson Financial Inc.

Fairly valued

Financial Services

Price$138.78

Model IV$127.46

P/IV0.81

Premium +9% Return to IV: -8.2%

JYD

Jayud Global Logistics Ltd

Valuation N/A

Industrials

Price$0.82

Model IV—

P/IV—

Market implies -50.0%/yr vs model +15.0% · below model

JYNT

JOINT Corp

Deeply overvalued

Financial Services

Price$8.30

Model IV$3.08

P/IV2.89

Premium +170% Return to IV: -62.9%

JZ

Jianzhi Education Technology Group Co Ltd

Valuation N/A

Consumer Defensive

Price$0.76

Model IV—

P/IV—

Market implies +41.8%/yr vs model +15.0% · above model

JZXN

Jiuzi Holdings, Inc.

Deeply undervalued

Consumer Cyclical

Price$1.15

Model IV$2.42

P/IV0.48

Discount 52% Return to IV: +110.0%

Market implies -16.0%/yr vs model +15.0% · below model

KAI

KADANT INC

Deeply overvalued

Industrials

Price$266.30

Model IV$150.75

P/IV2.12

Premium +77% Return to IV: -43.4%

Owner yield 4.5% 10-yr IRR 6.2% · steady

Market implies +12.8%/yr vs model +5.4% · above model

KALA

KALA BIO, Inc.

Valuation N/A

Healthcare

Price$0.57

Model IV—

P/IV—

Market implies +6.2%/yr vs model +15.0% · below model

KALU

KAISER ALUMINUM CORP

Valuation N/A

Basic Materials

Price$149.06

Model IV—

P/IV—

Market implies +28.3%/yr vs model +6.1% · above model

KALV

KalVista Pharmaceuticals, Inc.

Valuation N/A

Healthcare

Price$27.00

Model IV—

P/IV—

Market implies +34.7%/yr vs model +15.0% · above model

KAPA

Kairos Pharma, LTD.

Valuation N/A

Healthcare

Price$1.76

Model IV—

P/IV—

KARO

Karooooo Ltd.

Valuation N/A

Technology

Price$67.23

Model IV—

P/IV—

KB

KB Financial Group Inc.

Valuation N/A

Financial Services

Price$132.01

Model IV—

P/IV—

KBDC

Kayne Anderson BDC, Inc.

Valuation N/A

Unknown

Price$13.03

Model IV—

P/IV—

KBH

KB HOME

Undervalued

Industrials

Price$49.16

Model IV$65.06

P/IV0.75

Discount 24% Return to IV: +32.3%

Owner yield 16.2% 10-yr IRR 29.1% · moderate

Market implies +2.2%/yr vs model +7.3% · below model

KBON

Karbon Capital Partners Corp.

Valuation N/A

Financial Services

Price$10.10

Model IV—

P/IV—

KBONU

Karbon Capital Partners Corp.

Valuation N/A

Financial Services

Price$10.30

Model IV—

P/IV—

KBONW

Karbon Capital Partners Corp.

Valuation N/A

Financial Services

Price$0.62

Model IV—

P/IV—

KBR

KBR, INC.

Deeply undervalued

Industrials

Price$36.59

Model IV$74.15

P/IV0.47

Discount 51% Return to IV: +102.7%

Owner yield 8.1% 10-yr IRR 14.6% · steady

Market implies -5.0%/yr vs model +5.2% · below model

KBSX

FST Corp.

Deeply undervalued

Consumer Cyclical

Price$0.99

Model IV$4.45

P/IV0.30

Discount 78% Return to IV: +349.0%

Market implies -32.4%/yr vs model +29.2% · below model

KC

Kingsoft Cloud Holdings Ltd

Valuation N/A

Technology

Price$9.96

Model IV—

P/IV—

Market implies +24.5%/yr vs model +3.0% · above model