Global Undervalued Small Caps

cBrain

Market Cap: DKK 1.3b

A software company, provides software solutions for government, private, education, and non-profit sectors in Denmark, rest of the European Union, and internationally.

Instalco

Market Cap: SEK 8.6b

Provides installation services in the electrical, heating and plumbing, ventilation, technical consulting, and industrial areas in Sweden and rest of the Nordics.

Faes Farma

Market Cap: €1.4b

Researches, develops, produces, and markets pharmaceutical products, healthcare products, and raw materials internationally.

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.

Newron Pharmaceuticals

Market Cap: CHF 341.3m

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.

Humana

Market Cap: SEK 2.2b

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

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.

Synsam

Market Cap: SEK 9.4b

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

Scope Fluidics

Market Cap: zł441.0m

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

Elixirr International

Market Cap: UK£322.1m

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

Cadre Holdings

Market Cap: US$1.4b

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.

Cruzeiro do Sul Educacional

Market Cap: R$2.2b

Provides education services in Brazil.

Inghams Group

Market Cap: AU$696.9m

Engages in the production and sale of chicken and turkey products under the Ingham’s brand primarily in Australia and New Zealand.

Kingsgate Consolidated

Market Cap: AU$1.6b

Engages in the exploration, development, and mining of mineral properties.

Nireco

Market Cap: JP¥16.5b

Provides process control, Web control, and inspection systems in Japan.

Universal Store Holdings

Market Cap: AU$661.3m

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

Software Service

Market Cap: JP¥60.9b

Engages in providing electric medical record, hospital total ordering, and other systems.

Xueda (Xiamen) Education Technology Group

Market Cap: CN¥4.3b

Xueda (Xiamen) Education Technology Group Co., Ltd.

FINEOS Corporation Holdings

Market Cap: AU$813.8m

Engages in the development and sale of enterprise claims and policy management software for life, accident and health insurers, and employee benefits providers in North America, the Asia Pacific, Europe, the Middle East, and Africa.

EASY BIOInc

Market Cap: ₩232.9b

Manufactures and sales of feed additives and piglet feed in South Korea and internationally.

Assetwise

Market Cap: ฿6.8b

Engages in property development and other real estate activities in Thailand.

Zhou Hei Ya International Holdings

Market Cap: HK$2.9b

An investment holding company, produces, markets, and retails casual braised food in the People’s Republic of China and Malaysia.

Aerospace Industrial Development

Market Cap: NT$47.9b

Engages in the manufacturing and maintenance of airplanes and its parts and component in Taiwan.

Xianheng International Science&Technology

Market Cap: CN¥9.9b

Xianheng International Science&Technology Co., Ltd.

Shenzhen Noposion Crop Science

Market Cap: CN¥11.1b

Researches and develops, manufactures, distributes, and provides technical services for pesticides and fertilizers in China and internationally.

Fiem Industries

Market Cap: ₹53.9b

Manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, prismatic mirror, plastic moulded parts, bank angle sensor, canister, and sheet metal components for motorized vehicles in India and internationally.

Delpha ConstructionLtd

Market Cap: NT$21.3b

Delpha Construction Co.,Ltd. constructs commercial buildings in Taiwan.

MOIL

Market Cap: ₹52.9b

Engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally.

I'LL

Market Cap: JP¥59.4b

Operates as a system solution business in Japan.

Cherat Cement

Market Cap: PK₨47.4b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Bermaz Auto Berhad

Market Cap: RM 1.0b

An investment holding company, distributes and retails of completely built-up Mazda, Kia, XPeng, and Deepal vehicles in Malaysia and the Philippines.

Apeejay Surrendra Park Hotels

Market Cap: ₹24.0b

Owns and operates hotels in India.

Interarch Building Solutions

Market Cap: ₹28.9b

Provides pre-engineered steel construction solutions in India.

Renaissance Services SAOG

Market Cap: ر.ع83.2m

Operates as an accommodation, services solutions, and integrated facilities management company in Oman and rest of Middle East.

GMO internet group

Market Cap: JP¥277.9b

Provides various Internet services worldwide.

Cosmax

Market Cap: ₩2.0t

Researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally.