Global Undervalued Small Caps

CellaVision

Market Cap: SEK 2.9b

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

ProCredit Holding

Market Cap: €481.8m

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

Trisul

Market Cap: R$1.1b

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.5b

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

SaizeriyaLtd

Market Cap: JP¥248.1b

Operates restaurants in Japan, Australia, Indonesia and Asia.

Security Bank

Market Cap: ₱48.9b

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

LiveRamp Holdings

Market Cap: US$1.8b

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

FRP Advisory Group

Market Cap: UK£287.5m

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥8.0b

Chongqing Baiya Sanitary Products Co., Ltd.

Aurelia Metals

Market Cap: AU$491.1m

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

Bytes Technology Group

Market Cap: UK£711.9m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Duc Giang Chemicals Group

Market Cap: ₫20.4t

Manufactures industrial products in Vietnam.

AddLife

Market Cap: SEK 17.4b

Provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries.

Equasens Société anonyme

Market Cap: €563.7m

Provides healthcare IT solutions in Europe.

Aviat Networks

Market Cap: US$277.3m

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

Nagarro

Market Cap: €538.2m

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

Grupo SBF

Market Cap: R$2.3b

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

Voxel

Market Cap: zł1.0b

Provides medical services in Poland.

Consun Pharmaceutical Group

Market Cap: HK$13.6b

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

VSTECS Holdings

Market Cap: HK$14.6b

An investment holding company, develops information technology IT product channel and provides technical solution integration services in North Asia and Southeast Asia.

McBride

Market Cap: UK£273.9m

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.

Cirrus Aircraft

Market Cap: HK$14.0b

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

Telecom Plus

Market Cap: UK£934.1m

Provides utility services in the United Kingdom.

Energy Recovery

Market Cap: US$584.8m

Designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe.

Village Farms International

Market Cap: US$328.0m

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

MotoMotion China

Market Cap: CN¥13.6b

Engages in the research, design, development, production, sale, and service of smart electric sofas and beds, chairs, and their accessories in China and internationally.

Martinrea International

Market Cap: CA$711.8m

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.

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.

Aegean Airlines

Market Cap: €1.0b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Hugel

Market Cap: ₩2.7t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Foresight Group Holdings

Market Cap: UK£451.1m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Luk Fook Holdings (International)

Market Cap: HK$13.1b

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.

Detection Technology Oyj

Market Cap: €130.7m

Engages in the provision of X-ray detector solutions for industrial, medical, and security applications in Finland and internationally.

Nolato

Market Cap: SEK 13.4b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

New Wave Group

Market Cap: SEK 12.8b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally.

PC1 Group

Market Cap: ₫8.0t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.