Global Undervalued Small Caps

Cheerwin Group

Market Cap: HK$3.1b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

FRP Advisory Group

Market Cap: UK£331.0m

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

74Software

Market Cap: €878.0m

Operates as a software company in France.

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

Tennant

Market Cap: US$1.5b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Zevra Therapeutics

Market Cap: US$484.2m

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

Altea Green Power

Market Cap: €138.2m

Supplies and manages renewable energy plants in Italy and the United States.

Thryv Holdings

Market Cap: US$171.3m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Grupa Pracuj

Market Cap: zł3.0b

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

Aurelia Metals

Market Cap: AU$516.2m

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

Future

Market Cap: JP¥159.9b

Provides IT consulting and services primarily in Japan.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

Security Bank

Market Cap: ₱50.6b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱101.8b

Converge Information and Communications Technology Solutions, Inc.

Inspur Digital Enterprise Technology

Market Cap: HK$5.4b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Afentra

Market Cap: UK£113.6m

Operates as an upstream oil and gas company primarily in Africa.

Warpaint London

Market Cap: UK£178.5m

Produces and sells cosmetics.

Hacksaw

Market Cap: SEK 16.0b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Grupo SBF

Market Cap: R$2.8b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

Aviat Networks

Market Cap: US$337.7m

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

Xiaocaiyuan International Holding

Market Cap: HK$10.6b

An investment holding company, engages in the restaurant business in the People’s Republic of China.

Auto Partner

Market Cap: zł2.3b

Imports and distributes parts for passenger cars, delivery vans, and motorcycles in Poland.

Unidata

Market Cap: €102.4m

Operates as an Internet service provider in Italy.

Foresight Group Holdings

Market Cap: UK£475.3m

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

Catalyst Metals

Market Cap: AU$2.0b

Engages in the mineral exploration and evaluation in Australia.

Tracsis

Market Cap: UK£95.2m

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.

ASROCK Incorporation

Market Cap: NT$26.9b

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.

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.

CAB Cakaran Corporation Berhad

Market Cap: RM 454.5m

Produces and sells food products in Malaysia, Singapore, Hong Kong, Japan, Brunei, and internationally.

Atalaya Mining Copper

Market Cap: UK£1.3b

Engages in the mineral exploration and development in Spain.

CPH Group

Market Cap: CHF 392.0m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Opera

Market Cap: US$1.2b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

YouYou Foods

Market Cap: CN¥5.8b

Provides food products in China.

Almawarid Manpower

Market Cap: ر.س1.8b

Provides recruitment services for domestic workers, expatriate labor services, and operates temporary employment agency for domestic services in the Kingdom of Saudi Arabia.