Global Undervalued Small Caps

Jinzai Food GroupLtd

Market Cap: CN¥5.8b

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

Foxsemicon Integrated Technology

Market Cap: NT$30.3b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.5b

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¥98.1b

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

Assetwise

Market Cap: ฿5.6b

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

CLIO CosmeticsLtd

Market Cap: ₩251.8b

Provides makeup products in South Korea and internationally.

Hu Lane Associate

Market Cap: NT$16.4b

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

ProCredit Holding

Market Cap: €597.8m

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

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$714.0m

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

Austevoll Seafood

Market Cap: NOK 19.1b

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.

Plumas Bancorp

Market Cap: US$286.8m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Iochpe-Maxion

Market Cap: R$2.0b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Security Bank

Market Cap: ₱53.0b

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

Firan Technology Group

Market Cap: CA$281.9m

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

Converge Information and Communications Technology Solutions

Market Cap: ₱109.0b

Converge Information and Communications Technology Solutions, Inc.

Krsnaa Diagnostics

Market Cap: ₹26.2b

Provides diagnostic services in India.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Warpaint London

Market Cap: UK£258.5m

Produces and sells cosmetics.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

Flotek Industries

Market Cap: US$346.4m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Nagarro

Market Cap: €682.4m

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

SBO

Market Cap: €445.2m

Manufactures and sells steel products worldwide.

Accent Group

Market Cap: AU$820.6m

Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.

Byrna Technologies

Market Cap: US$436.1m

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.

Yamaichi ElectronicsLtd

Market Cap: JP¥57.9b

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

SISB

Market Cap: ฿13.3b

Provides educational services in Thailand.

Materials Analysis Technology

Market Cap: NT$12.3b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.

Australian Clinical Labs

Market Cap: AU$487.8m

Provides pathology diagnostic services in Australia.

KginicisLtd

Market Cap: ₩272.0b

Operates as a electronic payment company in Korea.

Truecaller

Market Cap: SEK 16.0b

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

Vp

Market Cap: UK£237.0m

Provides equipment rental and related services in the United Kingdom and internationally.

AdaptHealth

Market Cap: US$1.2b

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

Murapol

Market Cap: zł1.6b

Engages in residential real estate development in Poland.

Bird Construction

Market Cap: CA$1.3b

Provides construction services in Canada.

Lindsay Australia

Market Cap: AU$267.4m

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