Global Undervalued Small Caps

SaizeriyaLtd

Market Cap: JP¥248.1b

Operates restaurants in Japan, Australia, Indonesia and Asia.

Bank BTPN Syariah

Market Cap: Rp7.6t

Operates as a sharia commercial bank providing a comprehensive range of banking products and services in Indonesia.

Security Bank

Market Cap: ₱48.0b

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

NSL Foods

Market Cap: ฿6.4b

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

Grupa Pracuj

Market Cap: zł3.0b

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

Aurelia Metals

Market Cap: AU$491.1m

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

ProCredit Holding

Market Cap: €465.3m

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

CellaVision

Market Cap: SEK 2.9b

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

Viva Wine Group

Market Cap: SEK 2.9b

Develops, markets, imports, and sells wines.

FRP Advisory Group

Market Cap: UK£286.3m

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

Calfrac Well Services

Market Cap: CA$548.3m

Provides specialized oilfield services in Canada, the United States, and Argentina.

LiveRamp Holdings

Market Cap: US$1.9b

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

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.

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.

Binastra Corporation Berhad

Market Cap: RM 2.1b

An investment holding company, engages in general contractor and property developer, building and civil engineering works in turnkey projects in Malaysia.

Consun Pharmaceutical Group

Market Cap: HK$13.0b

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

Cirrus Aircraft

Market Cap: HK$13.9b

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

United Electronics

Market Cap: ر.س5.9b

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.

McBride

Market Cap: UK£266.6m

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.

Gibraltar Industries

Market Cap: US$1.1b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

AddLife

Market Cap: SEK 17.1b

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

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Flotek Industries

Market Cap: US$601.5m

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

Martinrea International

Market Cap: CA$733.0m

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.

Voxel

Market Cap: zł1.0b

Provides medical services in Poland.

Equasens Société anonyme

Market Cap: €553.1m

Provides healthcare IT solutions in Europe.

Telecom Plus

Market Cap: UK£930.9m

Provides utility services in the United Kingdom.

Village Farms International

Market Cap: US$320.0m

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

Energy Recovery

Market Cap: US$581.1m

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.

Grupo SBF

Market Cap: R$2.4b

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

Luk Fook Holdings (International)

Market Cap: HK$13.2b

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.

KginicisLtd

Market Cap: ₩305.6b

Provides electronic payment services in Korea, Asia, and internationally.

Hugel

Market Cap: ₩2.8t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Morimatsu International Holdings

Market Cap: HK$8.2b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Foresight Group Holdings

Market Cap: UK£450.5m

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