Global Undervalued Small Caps

VBG Group

Market Cap: SEK 8.6b

Develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, the United States, rest of North America, Brazil, Australia, New Zealand, China, and internationally.

XPEL

Market Cap: US$1.1b

Manufactures, installs, sells, and distributes protective films, coatings and related services.

Prevas

Market Cap: SEK 1.1b

Provides technical solutions in Sweden, Denmark, Finland, and internationally.

Jana Small Finance Bank

Market Cap: ₹37.2b

Provides banking and financial services to individuals and enterprises in India.

KITZ

Market Cap: JP¥160.8b

Engages in the manufacturing and selling of valves, other flow control devices, and related products in Japan and internationally.

IDOM

Market Cap: JP¥128.4b

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

Zero One Technology

Market Cap: NT$19.2b

Provides enterprise information technology solutions in Taiwan and internationally.

Sercomm

Market Cap: NT$23.0b

Researches, develops, manufactures, and sells networking communication software and equipment in North America, Europe, and the Asia Pacific.

iFamilySC

Market Cap: ₩192.7b

An interactive branding company, engages in e-commerce business in South Korea.

Flight Centre Travel Group

Market Cap: AU$2.4b

Provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally.

MotorCycle Holdings

Market Cap: AU$173.6m

Owns and operates motorcycle dealerships in Australia.

TLB

Market Cap: ₩559.1b

Manufactures and sells printed circuit boards (PCBs) in South Korea, China, rest of Asia, and the United States.

Tazmo

Market Cap: JP¥34.2b

Together with subsidiaries, develops, manufactures, and sells semiconductor manufacturing equipment in Japan, Taiwan, China, South Korea, Vietnam, rest of Asia, North America, and Europe.

Sunonwealth Electric Machine Industry

Market Cap: NT$39.4b

Researches, manufactures and sells precision motors and cooling fans worldwide.

TK Group (Holdings)

Market Cap: HK$2.0b

An investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components.

Kunshan Huguang Auto HarnessLtd

Market Cap: CN¥12.5b

Engages in the research and development, production, and sales of wiring harnesses for passenger vehicles in China.

Rayhoo Motor DiesLtd

Market Cap: CN¥6.8b

Engages in the automobile manufacturing equipment and automobile lightweight parts businesses in China and internationally.

Vision

Market Cap: JP¥58.6b

Primarily engages in the provision of mobile Wi-Fi router rental services in Japan and internationally.

NPC

Market Cap: JP¥15.9b

Engages in the machinery and environmental businesses.

YesAsia Holdings

Market Cap: HK$1.4b

An investment holding company, engages in trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

T.A.C. Consumer

Market Cap: ฿3.3b

Engages in the manufacture and distribution of beverage in Thailand and internationally.

gremsInc

Market Cap: JP¥61.4b

Engages in the energy solution and electricity retailing businesses in Japan.

Zeria Pharmaceutical

Market Cap: JP¥91.8b

Manufactures, sells, imports, and exports pharmaceuticals, non-pharmaceutical products, veterinary pharmaceuticals, agricultural and industrial chemicals, and reagents in Japan and internationally.

Shenzhen Lifotronic Technology

Market Cap: CN¥5.7b

Research, develops, manufactures, and markets medical devices for diagnostics, therapy, clinical medicine, skin, and human health related purposes in China.

Zhejiang Garden BiopharmaceuticalLtd

Market Cap: CN¥8.7b

Zhejiang Garden Biopharmaceutical Co.,Ltd.

Nagano Keiki

Market Cap: JP¥53.0b

Manufactures and sells pressure gauges and sensors, measurement and control equipment, and other products in Japan and internationally.

Al-Dawaa Medical Services

Market Cap: ر.س4.1b

Primarily operates as a pharmaceutical retail company in the Kingdom of Saudi Arabia and Kingdom of Bahrain.

Admie Holding

Market Cap: €657.1m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Blue Ant Media

Market Cap: CA$166.5m

Engages in streamer, production studio, and rights management businesses in Canada, the United States, the United Kingdom, and internationally.

Scope Fluidics

Market Cap: zł441.0m

A biotechnology company, designs and develops projects based on microfluidic technologies in medical diagnostics and healthcare in Poland.

Rosenbauer International

Market Cap: €501.8m

Engages in the provision of systems for preventive firefighting and disaster protection technology worldwide.

Obrascón Huarte Lain

Market Cap: €568.9m

Engages in the construction and concession businesses in the United States, Canada, Mexico, Chile, Peru, Colombia, Spain, Central and Eastern Europe, Northern Europe, and internationally.

Alumasc Group

Market Cap: UK£89.9m

Manufactures and sells building products and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally.

Ferrari Group

Market Cap: €783.4m

Provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and internationally.

BRCK Group

Market Cap: UK£140.5m

Distributes specialist products and services to the construction industry in the United Kingdom.It operates through four segments: Bricks and Building Materials; Importing; Distribution; and Contracting.

Humana

Market Cap: SEK 2.2b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.