Three Compelling International Opportunities Trading on US Exchanges in 2023

Venturing into cross-border equity markets opens doors to hidden value that domestic portfolios often overlook. While international investing demands thorough research and acceptance of geopolitical nuances, the potential rewards justify this extra diligence. Three standout companies listed on US exchanges present compelling cases for value-conscious investors this year.

Energy Sector Play: Crescent Point Energy (NYSE:CPG)

Trading on the New York Stock Exchange, Crescent Point Energy represents a Canadian upstream energy producer with an exceptional valuation profile. The company extracts light, sweet crude oil and natural gas from operations spanning across Western Canada, generating substantial shareholder returns through distributions.

The financial metrics tell a striking story. At a mere 2.3x trailing P/E ratio, Crescent Point trades at a significant discount to peers. The income component is equally attractive: shareholders receive a 3.1% trailing dividend yield, with forward distributions reaching 4.4%. Such yield levels are uncommon for energy companies, particularly those with genuine growth catalysts.

Operationally, management targets production levels of 134,000 to 138,000 barrels of oil equivalent daily throughout 2023. Should energy prices recover from current levels, the stock could appreciate considerably. Analyst consensus favors this view, with four unanimous Buy ratings driving a Strong Buy rating. The average price target of $10.97 suggests 59.3% upside potential from recent trading levels.

Insurance Specialty: International General Insurance Holdings (NASDAQ:IGIC)

Bermuda-registered International General Insurance Holdings brings geographic diversification and niche expertise to investor portfolios. Operating across Bermuda, United Kingdom, Malta, and Middle Eastern markets, the company underwrites an extensive range of coverages including energy, property, aviation, marine, and specialized commercial lines.

Valuation metrics present an intriguing opportunity. The 5.7x P/E ratio represents compressed valuations relative to insurance industry standards. Meanwhile, the 2.75% annual dividend yield provides steady income. During the third quarter of 2022, the company demonstrated broad-based improvements: gross written premiums expanded, net premiums earned increased, profitability grew, and earnings per share rose substantially on a year-over-year basis.

Analyst sentiment suggests incremental upside, with a Moderate Buy consensus and an average price target of $10 implying 21.5% appreciation potential.

Semiconductor Equipment Leadership: ASML Holding (NASDAQ:ASML)

The Netherlands-based ASML Holding occupies a unique niche within global semiconductor manufacturing. Rather than producing chips directly, this company manufactures specialized equipment essential to microchip design and production processes. This positioning provides indirect exposure to global chip recovery dynamics.

ASML’s competitive moat stems from proprietary extreme ultraviolet lithography (EUL) technology, where the company maintains sole-supplier status for leading microprocessor manufacturers. This technological advantage has translated into consistent earnings outperformance relative to analyst expectations.

The company’s financial trajectory reinforces its growth narrative. Management projects sales expansion from €18.6 billion in 2021 to €44-60 billion by 2030—representing substantial long-term value creation potential. Current dividend yields of 0.95% trailing and 1.17% forward, while modest, supplement the capital appreciation opportunity.

Analyst enthusiasm runs high, with seven unanimous Buy ratings establishing a Strong Buy consensus. The average price target of $686.60 indicates 10.5% upside potential, with significant longer-term opportunities embedded in the company’s strategic positioning.

Global Diversification in 2023

These three companies span energy, insurance, and semiconductors—offering genuine portfolio diversification across sectors and geographies. Each combination dividend income with meaningful growth prospects, addressing both immediate yield requirements and longer-term capital appreciation goals.

International equities listed on US exchanges eliminate certain compliance and custody complications associated with direct foreign investing, while maintaining exposure to compelling global opportunities. For investors willing to conduct thorough due diligence and embrace geographic diversification, these three represent worthwhile research subjects for 2023.