Global Undervalued Small Caps

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.

Converge Information and Communications Technology Solutions

Market Cap: ₱97.8b

Converge Information and Communications Technology Solutions, Inc.

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.

Assetwise

Market Cap: ฿6.1b

Engages in property development and other real estate activities in Thailand.

Future

Market Cap: JP¥158.0b

Provides IT consulting and services primarily in Japan.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.8b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in 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.

Security Bank

Market Cap: ₱50.4b

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

SILICON2

Market Cap: ₩2.5t

Engages in the distribution of cosmetics products worldwide.

Grupa Pracuj

Market Cap: zł3.0b

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

74Software

Market Cap: €886.7m

Operates as a software company in France.

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.

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

Thryv Holdings

Market Cap: US$169.9m

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

Altea Green Power

Market Cap: €138.8m

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

Aurelia Metals

Market Cap: AU$499.3m

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

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.

Nagarro

Market Cap: €770.0m

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

Afentra

Market Cap: UK£112.2m

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

Krsnaa Diagnostics

Market Cap: ₹22.7b

Provides diagnostic services in India.

Grupo SBF

Market Cap: R$2.8b

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

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Ependion

Market Cap: SEK 3.2b

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

Aviat Networks

Market Cap: US$340.1m

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

Hacksaw

Market Cap: SEK 15.9b

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

Resolute Mining

Market Cap: AU$2.7b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

Xiaocaiyuan International Holding

Market Cap: HK$10.5b

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

Austal

Market Cap: AU$2.4b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

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.

Hugel

Market Cap: ₩2.6t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

ASROCK Incorporation

Market Cap: NT$26.6b

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

Unidata

Market Cap: €100.6m

Operates as an Internet service provider in Italy.

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.

Auto Partner

Market Cap: zł2.3b

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

Qatar National Bank

Market Cap: ج.م92.1b

Engages in the provision of banking services in Egypt.

Catalyst Metals

Market Cap: AU$1.9b

Engages in the mineral exploration and evaluation in Australia.