Global Undervalued Small Caps

Future

Market Cap: JP¥145.5b

Provides IT consulting and services primarily in Japan.

Security Bank

Market Cap: ₱51.2b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

LiveRamp Holdings

Market Cap: US$1.7b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Orion Group Holdings

Market Cap: US$468.3m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

FRP Advisory Group

Market Cap: UK£282.7m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Lavvi Empreendimentos Imobiliários

Market Cap: R$3.0b

Develops and builds residential and non-residential properties primarily in Brazil.

Trisul

Market Cap: R$1.4b

Engages in the construction and development of real estate properties in Brazil.

ProCredit Holding

Market Cap: €492.4m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

NSL Foods

Market Cap: ฿6.5b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Zevra Therapeutics

Market Cap: US$570.7m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

Cirrus Aircraft

Market Cap: HK$14.5b

Manufactures and sells piston aircraft and single-engine turbine jets worldwide.

Martinrea International

Market Cap: CA$673.9m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Grupo SBF

Market Cap: R$2.8b

Engages in the sale of sporting goods and leisure products in Brazil.

Flotek Industries

Market Cap: US$567.6m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Equasens Société anonyme

Market Cap: €602.0m

Provides healthcare IT solutions in Europe.

Ependion

Market Cap: SEK 3.2b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

McBride

Market Cap: UK£281.5m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Voxel

Market Cap: zł1.1b

Provides medical services in Poland.

Quad/Graphics

Market Cap: US$380.5m

Provides marketing solutions in North America, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, South America, and Asia.

Aviat Networks

Market Cap: US$287.3m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

Nagarro

Market Cap: €567.9m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Village Farms International

Market Cap: US$307.3m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Gibraltar Industries

Market Cap: US$1.2b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Norwegian Air Shuttle

Market Cap: NOK 15.2b

Provides air travel services in Norway and internationally.

North East Rubber

Market Cap: ฿9.0b

Manufactures and sells rubber products in Thailand.

PAL GROUP Holdings

Market Cap: JP¥248.1b

Engages in the planning, manufacture, wholesale, and retail of clothing products, including men’s and women’s clothing and accessories in Japan.

Luk Fook Holdings (International)

Market Cap: HK$13.7b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

ASROCK Incorporation

Market Cap: NT$27.4b

Designs, develops, and sells motherboards in Asia, Europe, America, and internationally.

Hugel

Market Cap: ₩2.7t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Sichuan Baicha Baidao Industrial

Market Cap: HK$8.4b

An investment holding company, provides tea drink products in the People’s Republic of China.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹135.3b

Engages in the manufacture, trade, and sale of bulk chemicals in India.

Tracsis

Market Cap: UK£96.8m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Murapol

Market Cap: zł1.7b

Engages in residential real estate development buisness in Poland.

Aegean Airlines

Market Cap: €1.2b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.