Global Undervalued Small Caps

Embla Medical hf

Market Cap: DKK 11.7b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Betterware de MéxicoP.I. de

Market Cap: US$677.8m

Operates as a direct-to-consumer selling company in the United States and Mexico.

ProCredit Holding

Market Cap: €440.0m

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

Trisul

Market Cap: R$950.4m

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.1b

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

NSL Foods

Market Cap: ฿6.5b

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

Universal Store Holdings

Market Cap: AU$491.0m

Engages in the retail operations in the fashion market in Australia.

Security Bank

Market Cap: ₱47.2b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥6.9b

Chongqing Baiya Sanitary Products Co., Ltd.

Grupa Pracuj

Market Cap: zł3.2b

Operates HR technology platform in Poland, Ukraine, and Germany.

Calfrac Well Services

Market Cap: CA$608.5m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Viva Wine Group

Market Cap: SEK 2.6b

Develops, markets, imports, and sells wines.

FRP Advisory Group

Market Cap: UK£282.7m

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

CellaVision

Market Cap: SEK 3.0b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Zevra Therapeutics

Market Cap: US$627.2m

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

Aurelia Metals

Market Cap: AU$516.5m

Engages in the exploration and production of mineral properties in Australia.

MotoMotion China

Market Cap: CN¥11.8b

Engages in the research, design, development, production, sale, and service of smart electric sofas and beds, chairs, and their accessories in China and internationally.

Nagarro

Market Cap: €508.2m

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

Grupo SBF

Market Cap: R$2.3b

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

United Electronics

Market Cap: ر.س5.7b

Engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally.

Consun Pharmaceutical Group

Market Cap: HK$12.1b

Produces and sells pharmaceutical products in Mainland China.

AddLife

Market Cap: SEK 18.6b

Provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries.

McBride

Market Cap: UK£286.1m

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.

Village Farms International

Market Cap: US$238.9m

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

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Equasens Société anonyme

Market Cap: €579.5m

Provides healthcare IT solutions in Europe.

Parex Resources

Market Cap: CA$2.5b

Engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.

TomTom

Market Cap: €655.5m

Develops and sells navigation and location-based products and services in Europe, the Americas, Asia, and internationally.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$977.0m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Luk Fook Holdings (International)

Market Cap: HK$12.1b

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.

Viridien Société anonyme

Market Cap: €803.7m

Provides earth science, data science, sensing, and monitoring data, products, services, and solutions in North America, Latin America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Capacit'e Infraprojects

Market Cap: ₹18.8b

Engages in the engineering, procurement, and construction business in India.

Hugel

Market Cap: ₩2.7t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Mahindra Logistics

Market Cap: ₹34.6b

Provides integrated logistics and mobility solutions in India and internationally.

Aegean Airlines

Market Cap: €1.1b

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

Foresight Group Holdings

Market Cap: UK£480.4m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.