Global Undervalued Small Caps

Thryv Holdings

Market Cap: US$245.3m

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

Zevra Therapeutics

Market Cap: US$474.6m

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

Firan Technology Group

Market Cap: CA$285.7m

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

Tennant

Market Cap: US$1.3b

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

FirstSun Capital Bancorp

Market Cap: US$932.0m

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.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.1b

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¥86.2b

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

Austriacard Holdings

Market Cap: €197.7m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Aurelia Metals

Market Cap: AU$406.2m

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.2b

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: ₱115.0b

Converge Information and Communications Technology Solutions, Inc.

Security Bank

Market Cap: ₱51.4b

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

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

Assetwise

Market Cap: ฿5.4b

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

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.

Altea Green Power

Market Cap: €118.3m

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

Kaufman & Broad

Market Cap: €588.4m

Operates as a property developer and builder in France.

Gamma Communications

Market Cap: UK£871.0m

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

Aviat Networks

Market Cap: US$283.8m

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$414.7m

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.

British American Tobacco Bangladesh

Market Cap: ৳135.1b

Manufactures and sells cigarettes in Bangladesh.

Windey Energy Technology Group

Market Cap: CN¥13.7b

Researches, develops, manufactures, and sells wind turbines in China.

STI

Market Cap: ₩384.6b

Operates in the semiconductor equipment industry in Korea.

Consun Pharmaceutical Group

Market Cap: HK$12.7b

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

Visco Vision

Market Cap: NT$10.7b

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

Afentra

Market Cap: UK£85.9m

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

Serabi Gold

Market Cap: UK£218.9m

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

Italian Exhibition Group

Market Cap: €251.1m

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

Voxel

Market Cap: zł1.5b

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: €582.5m

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.

AdaptHealth

Market Cap: US$1.3b

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.

Sinocare

Market Cap: CN¥9.9b

Engages in the development, manufacture, and marketing of rapid diagnosis testing products primarily in the People’s Republic of China.

China State Construction Development Holdings

Market Cap: HK$2.9b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.

Suzhou Sushi Testing GroupLtd

Market Cap: CN¥7.9b

Provides environmental and reliability test verification and analysis services and solutions.