Global Undervalued Small Caps

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.4b

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

CLIO CosmeticsLtd

Market Cap: ₩262.7b

Provides makeup products in South Korea and internationally.

KH Neochem

Market Cap: JP¥95.5b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of snack foods in China.

Austevoll Seafood

Market Cap: NOK 20.0b

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.

Austriacard Holdings

Market Cap: €204.7m

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.

Business First Bancshares

Market Cap: US$688.3m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

ProCredit Holding

Market Cap: €557.2m

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

Firan Technology Group

Market Cap: CA$314.2m

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

ADENTRA

Market Cap: CA$795.7m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

DHT Holdings

Market Cap: US$1.8b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Security Bank

Market Cap: ₱54.7b

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

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Nagarro

Market Cap: €671.7m

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

Warpaint London

Market Cap: UK£262.6m

Produces and sells cosmetics.

RVRC Holding

Market Cap: SEK 4.8b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

TQM Alpha

Market Cap: ฿9.0b

Engages in the insurance brokerage business in Thailand.

CorMedix

Market Cap: US$751.7m

A biopharmaceutical company, focuses on developing and commercializing therapeutic products for life-threatening diseases and conditions in the United States.

Byrna Technologies

Market Cap: US$485.6m

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.

Yamaichi ElectronicsLtd

Market Cap: JP¥55.9b

Manufactures and sells test, connector, and optical-related products in Japan and internationally.

Hansae

Market Cap: ₩406.8b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Australian Clinical Labs

Market Cap: AU$530.6m

Provides pathology diagnostic services in Australia.

Ibotta

Market Cap: US$900.1m

A technology company, provides digital promotion services to clients in the United States.

AdaptHealth

Market Cap: US$1.2b

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

Journey Energy

Market Cap: CA$171.8m

Engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada.

Truecaller

Market Cap: SEK 15.8b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Lindsay Australia

Market Cap: AU$276.5m

Provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia.

DCB Bank

Market Cap: ₹39.5b

Provides various banking and financial products and services in India.

HDC Hyundai Development

Market Cap: ₩1.5t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

N-able

Market Cap: US$1.4b

Provides cloud-based security, data protection, and unified endpoint management software solutions for managed service providers in the United States, the United Kingdom, and internationally.

M1 Kliniken

Market Cap: €261.6m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

Cosmo Pharmaceuticals

Market Cap: CHF 887.8m

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

CPH Group

Market Cap: CHF 435.1m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Prosegur Cash

Market Cap: €1.1b

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.

Qt Group Oyj

Market Cap: €1.1b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Opera

Market Cap: US$1.4b

Provides mobile and PC web browsers and related products and services in Norway and internationally.