Global Undervalued Small Caps

Future

Market Cap: JP¥143.5b

Provides IT consulting and services primarily in Japan.

Security Bank

Market Cap: ₱51.3b

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

NSL Foods

Market Cap: ฿6.5b

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

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Duc Giang Chemicals Group

Market Cap: ₫20.5t

Manufactures industrial products in Vietnam.

74Software

Market Cap: €940.4m

Operates as a software company in France.

FRP Advisory Group

Market Cap: UK£288.7m

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

CellaVision

Market Cap: SEK 3.6b

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

Zevra Therapeutics

Market Cap: US$556.0m

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

Trisul

Market Cap: R$1.4b

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$3.0b

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

Orion Group Holdings

Market Cap: US$454.5m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

ProCredit Holding

Market Cap: €482.4m

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

Grupa Pracuj

Market Cap: zł2.8b

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

LiveRamp Holdings

Market Cap: US$1.6b

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

Cirrus Aircraft

Market Cap: HK$15.1b

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

North East Rubber

Market Cap: ฿9.0b

Manufactures and sells rubber products in Thailand.

United Electronics

Market Cap: ر.س6.1b

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.

Village Farms International

Market Cap: US$314.2m

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

Martinrea International

Market Cap: CA$673.9m

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.

Flotek Industries

Market Cap: US$570.1m

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

Norwegian Air Shuttle

Market Cap: NOK 15.8b

Provides air travel services in Norway and internationally.

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.

Ependion

Market Cap: SEK 3.1b

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

McBride

Market Cap: UK£280.7m

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.

Quad/Graphics

Market Cap: US$379.4m

Provides marketing solutions in North America, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, South America, and Asia.

Nagarro

Market Cap: €568.7m

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

Grupo SBF

Market Cap: R$2.8b

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

Hacksaw

Market Cap: SEK 18.0b

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

Aviat Networks

Market Cap: US$283.7m

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

Voxel

Market Cap: zł1.0b

Provides medical services in Poland.

Equasens Société anonyme

Market Cap: €593.7m

Provides healthcare IT solutions in Europe.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

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.

Luk Fook Holdings (International)

Market Cap: HK$14.2b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

ASROCK Incorporation

Market Cap: NT$26.6b

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