Spanish Undervalued Small Caps

Prosegur Cash

Market Cap: €1.2b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.5b

Construcciones y Auxiliar de Ferrocarriles, S.A.

Cox ABG Group

Market Cap: €654.3m

Operates as an integrated utility of water and energy company.

Tubacex

Market Cap: €462.4m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.