Global Retail Undervalued Small Caps

Betterware de MéxicoP.I. de

Market Cap: US$647.3m

Operates as a direct-to-consumer selling company in the United States and Mexico.

United Electronics

Market Cap: ر.س5.5b

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.

Grupo SBF

Market Cap: R$2.1b

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

Luk Fook Holdings (International)

Market Cap: HK$13.6b

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.

SILICON2

Market Cap: ₩2.2t

Engages in the distribution of cosmetics products worldwide.

Universal Store Holdings

Market Cap: AU$562.4m

Engages in the retail operations in the fashion market in Australia.

Europris

Market Cap: NOK 14.5b

Operates as a discount variety retailer in Norway.

Byggmax Group

Market Cap: SEK 2.7b

Sells building materials and related products for DIY projects in Sweden, Norway, and internationally.

J.Jill

Market Cap: US$216.6m

Operates as an omnichannel retailer for women’s apparel in the United States.

Zibuyu Group

Market Cap: HK$2.0b

An investment holding company, operates as a cross-border e-commerce company in China in North America, Asia, Europe, and internationally.

Dogus Otomotiv Servis ve Ticaret

Market Cap: ₺43.3b

Engages in automotive and real estate businesses in Turkey.

Sailvan Times

Market Cap: CN¥7.7b

Sells lifestyle products through third-party e-commerce platforms in China and internationally.

Chongqing Chongbai Technology Group

Market Cap: CN¥8.8b

Chongqing Chongbai Technology Group Co., Ltd.

Synsam

Market Cap: SEK 8.0b

Operates in the optical retail and eye health sector in the Nordic Region.

MotorCycle Holdings

Market Cap: AU$199.4m

Owns and operates motorcycle dealerships in Australia.

Bilia

Market Cap: SEK 13.4b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxembourg, and Belgium.

ATRenew

Market Cap: US$877.4m

ATRenew Inc., together with its subsidiaries, sell pre-owned consumer electronics through its online platforms and other channels in the People’s Republic of China.

Zinzino

Market Cap: SEK 5.3b

A direct sales company, provides dietary supplements and skincare products in Sweden and internationally.

AO World

Market Cap: UK£508.4m

Engages in the online retailing of domestic appliances and ancillary services in the United Kingdom and Germany.

Wickes Group

Market Cap: UK£410.6m

Operates as a retailer of home improvement products and services in the United Kingdom.

Japan Eyewear Holdings

Market Cap: JP¥56.3b

Through its subsidiaries, engages in the designing, manufacturing, and selling eyeglasses in Japan.

Lim Seong Hai Capital Berhad

Market Cap: RM 1.5b

An investment holding company, engages in the distribution and retail of building materials, lighting products and related mechanical and electrical products and services in Malaysia.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Dogan Sirketler Grubu Holding

Market Cap: ₺58.2b

Engages in the electricity generation, industry and trade, automotive trade and marketing, finance and investment, internet and entertainment, and real estate investment businesses in Turkey.

RugVista Group

Market Cap: SEK 1.3b

Operates direct-to-consumer online platforms for carpet and rug sales in Sweden, Germany, Austria, Switzerland, and internationally.

IDOM

Market Cap: JP¥137.6b

IDOM Inc. purchases and sells used cars in Japan and internationally.