Global Undervalued Small Caps

Trisul

Market Cap: R$1.1b

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.5b

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

Calfrac Well Services

Market Cap: CA$543.3m

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

LiveRamp Holdings

Market Cap: US$1.9b

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

Zevra Therapeutics

Market Cap: US$595.3m

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

Aurelia Metals

Market Cap: AU$491.1m

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

Security Bank

Market Cap: ₱48.0b

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

NSL Foods

Market Cap: ฿6.4b

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

Bank BTPN Syariah

Market Cap: Rp7.6t

Operates as a sharia commercial bank providing a comprehensive range of banking products and services in Indonesia.

SaizeriyaLtd

Market Cap: JP¥248.1b

Operates restaurants in Japan, Australia, Indonesia and Asia.

FRP Advisory Group

Market Cap: UK£285.7m

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

Grupa Pracuj

Market Cap: zł3.1b

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

Viva Wine Group

Market Cap: SEK 2.9b

Develops, markets, imports, and sells wines.

CellaVision

Market Cap: SEK 2.9b

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

ProCredit Holding

Market Cap: €464.1m

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

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.

Martinrea International

Market Cap: CA$711.1m

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.

Aviat Networks

Market Cap: US$298.3m

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

MotoMotion China

Market Cap: CN¥13.6b

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

Grupo SBF

Market Cap: R$2.4b

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

Energy Recovery

Market Cap: US$583.2m

Designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe.

Village Farms International

Market Cap: US$328.0m

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

Binastra Corporation Berhad

Market Cap: RM 2.1b

An investment holding company, engages in general contractor and property developer, building and civil engineering works in turnkey projects in Malaysia.

Consun Pharmaceutical Group

Market Cap: HK$13.0b

Researches and develops, manufactures, and sells Chinese medicines and medical contrast medium products in the People’s Republic of China.

Cirrus Aircraft

Market Cap: HK$13.9b

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

AddLife

Market Cap: SEK 17.4b

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

United Electronics

Market Cap: ر.س5.9b

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.

McBride

Market Cap: UK£274.6m

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.

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Voxel

Market Cap: zł1.0b

Provides medical services in Poland.

Equasens Société anonyme

Market Cap: €560.7m

Provides healthcare IT solutions in Europe.

Telecom Plus

Market Cap: UK£948.4m

Provides utility services in the United Kingdom.

Flotek Industries

Market Cap: US$601.5m

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

TAT Technologies

Market Cap: US$475.1m

Provides solutions and services to the commercial and military aerospace and ground defense industries in the United States, Israel, and internationally.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$943.5m

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

Morimatsu International Holdings

Market Cap: HK$8.2b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.