Global Undervalued Small Caps

Open Up Group

Market Cap: JP¥150.1b

Engages in engineer dispatching, subcontracting, outsourcing, and recruiting business for the construction management, manufacturing, machinery, electronics, and IT software fields in Japan and internationally.

Bathurst Resources

Market Cap: AU$190.8m

Engages in exploration, development, and production of coal in New Zealand.

TeamLease Services

Market Cap: ₹32.7b

Engages in human resource services to various industries in India and internationally.

Jana Small Finance Bank

Market Cap: ₹51.6b

Provides various banking products and services to individuals and enterprises in India.

T&L

Market Cap: ₩499.7b

Engages in the manufacture and sale of medical and polymer material products in South Korea.

DIP

Market Cap: JP¥120.4b

A labor force solution company, provides personnel recruiting services in Japan.

Panoro Energy

Market Cap: NOK 2.7b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

Northeast Bank

Market Cap: US$815.4m

Provides various banking services to individual and corporate customers in Maine.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.7b

Construcciones y Auxiliar de Ferrocarriles, S.A.

Sappi

Market Cap: R17.6b

Engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa.

Newron Pharmaceuticals

Market Cap: CHF 143.1m

A biopharmaceutical company, discovers and develops novel therapies for patients with diseases of the central and peripheral nervous system in Italy and the United States.

Aramis Group SAS

Market Cap: €508.8m

Engages in the online sale of used vehicles in France, Belgium, the United Kingdom, Belgium, Austria, Italy, and Spain.

Cadre Holdings

Market Cap: US$1.3b

Manufactures and distributes safety equipment and other related products that provides protection to users in hazardous or life-threatening situations in the United States and internationally.

Humana

Market Cap: SEK 1.8b

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

Alumasc Group

Market Cap: UK£129.5m

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

BW Energy

Market Cap: NOK 9.8b

Engages in the exploration and production of oil and gas properties.

LifeVantage

Market Cap: US$151.2m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, and skin and hair care products.

Afya

Market Cap: US$1.4b

Operates as a medical education group in Brazil.

Elixirr International

Market Cap: UK£350.6m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

Hexatronic Group

Market Cap: SEK 4.5b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.

Century Aluminum

Market Cap: US$1.9b

Produces and sells standard-grade and value-added primary aluminum products in the United States and Iceland.

USA Rare Earth

Market Cap: US$1.0b

Engages in mining, processing, and supplying rare earths and other critical minerals in the United States.

Ora Banda Mining

Market Cap: AU$1.2b

Engages in the exploration, operation, and development of mineral properties in Australia.

United Bankers Oyj

Market Cap: €187.2m

Provides investment products and services in Finland and Sweden.

Cruzeiro do Sul Educacional

Market Cap: R$1.7b

Provides education services in Brazil.

Sharingtechnology

Market Cap: JP¥24.7b

Engages in the website business for solving household problems in Japan.

Heritage Insurance Holdings

Market Cap: US$625.2m

Through its subsidiaries, provides personal and commercial residential insurance products.

InfuSystem Holdings

Market Cap: US$121.7m

Through its subsidiaries, provides infusion pumps and related products and services in the United States and Canada.

IDOM

Market Cap: JP¥111.9b

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

NPC

Market Cap: JP¥15.7b

Engages in the machinery and environmental businesses.

One United Properties

Market Cap: RON 2.4b

Develops and sells real estate properties in Romania.

Multitude

Market Cap: €161.4m

Provides digital lending and online banking services in Finland.

Shenzhen Hopewind Electric

Market Cap: CN¥13.9b

Provides green power solutions worldwide.

Xiangyang Changyuandonggu Industry

Market Cap: CN¥7.5b

Xiangyang Changyuandonggu Industry Co., Ltd.

Hanmi Financial

Market Cap: US$772.8m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

M&C Saatchi

Market Cap: UK£238.8m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.