Global Undervalued Small Caps

Thryv Holdings

Market Cap: US$253.6m

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

FirstSun Capital Bancorp

Market Cap: US$966.0m

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

Firan Technology Group

Market Cap: CA$279.4m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

Zevra Therapeutics

Market Cap: US$490.9m

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

Hu Lane Associate

Market Cap: NT$15.4b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.8b

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

KH Neochem

Market Cap: JP¥86.0b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

Security Bank

Market Cap: ₱51.0b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱113.7b

Converge Information and Communications Technology Solutions, Inc.

Inspur Digital Enterprise Technology

Market Cap: HK$8.1b

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.

Aurelia Metals

Market Cap: AU$406.2m

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

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Future

Market Cap: JP¥174.6b

Provides IT consulting and services primarily in Japan.

Austevoll Seafood

Market Cap: NOK 17.9b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Assetwise

Market Cap: ฿5.4b

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

Gamma Communications

Market Cap: UK£849.8m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

CellaVision

Market Cap: SEK 3.7b

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

Kaufman & Broad

Market Cap: €582.5m

Operates as a property developer and builder in France.

Altea Green Power

Market Cap: €121.4m

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

Aviat Networks

Market Cap: US$266.6m

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

Byrna Technologies

Market Cap: US$411.1m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

STI

Market Cap: ₩372.8b

Operates in the semiconductor equipment industry in Korea.

Italian Exhibition Group

Market Cap: €252.3m

Italian Exhibition Group S.p.A. organizes and operates exhibitions Italy and internationally.

Serabi Gold

Market Cap: UK£219.6m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Consun Pharmaceutical Group

Market Cap: HK$12.4b

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

British American Tobacco Bangladesh

Market Cap: ৳134.5b

Manufactures and sells cigarettes in Bangladesh.

Visco Vision

Market Cap: NT$10.8b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

Telecom Plus

Market Cap: UK£1.2b

Provides utility services in the United Kingdom.

Voxel

Market Cap: zł1.4b

Provides medical services in Poland.

Palfinger

Market Cap: €1.2b

Produces and sells crane and lifting solutions in Austria and internationally.

Heidelberger Druckmaschinen

Market Cap: €561.8m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Afentra

Market Cap: UK£86.8m

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

AdaptHealth

Market Cap: US$1.2b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

Bird Construction

Market Cap: CA$1.5b

Provides construction services in Canada.

Hugel

Market Cap: ₩2.4t

Develops and manufactures biopharmaceuticals in South Korea and internationally.