Global Retail Undervalued Small Caps

Betterware de MéxicoP.I. de

Market Cap: US$600.7m

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

Grupo SBF

Market Cap: R$1.9b

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

Synsam

Market Cap: SEK 7.8b

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

Universal Store Holdings

Market Cap: AU$606.9m

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

United Electronics

Market Cap: ر.س4.8b

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.

Europris

Market Cap: NOK 14.2b

Operates as a discount variety retailer in Norway.

ATRenew

Market Cap: US$1.0b

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.

J.Jill

Market Cap: US$279.3m

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

Byggmax Group

Market Cap: SEK 3.0b

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

Bokusgruppen

Market Cap: SEK 1.0b

Operates as a book retailer in Sweden.

Zinzino

Market Cap: SEK 5.1b

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

Haverty Furniture Companies

Market Cap: US$455.7m

Operates as a specialty retailer of residential furniture and accessories in the United States.

Zibuyu Group

Market Cap: HK$1.9b

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

Chongqing Chongbai Technology Group

Market Cap: CN¥9.0b

Chongqing Chongbai Technology Group Co., Ltd.

Hallenstein Glasson Holdings

Market Cap: NZ$641.2m

Operates as a retailer of men’s and women’s clothing in New Zealand and Australia.

Intermestic

Market Cap: JP¥59.1b

Sells eyeglasses and sunglasses in Japan.

MotorCycle Holdings

Market Cap: AU$190.6m

Owns and operates motorcycle dealerships in Australia.

Bilia

Market Cap: SEK 13.6b

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

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

RVRC Holding

Market Cap: SEK 6.0b

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

Combined Motor Holdings

Market Cap: R2.8b

An investment holding company, engages in the motor retail and distribution, car hire, and financial services business in South Africa.

Sitara Petroleum Service

Market Cap: PK₨28.3b

Operates as a fuel logistics and retail fuel stations management company in Pakistan.

Wickes Group

Market Cap: UK£452.9m

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

Jamjoom Fashion Trading

Market Cap: ر.س952.1m

Engages in the retail of apparel and fashion products.

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.

TOKYO BASELtd

Market Cap: JP¥16.7b

Provides clothing products, personal accessories, and general merchandise in Japan.

SMCP

Market Cap: €532.2m

Operates as an apparel and accessories retail company in France and internationally.

IDOM

Market Cap: JP¥130.3b

Engages in the sale of used cars in Japan and internationally.