Global Undervalued Small Caps

Saatvik Green Energy

Market Cap: ₹44.8b

Manufactures and sells solar photovoltaic modules in India and internationally.

Sunteck Realty

Market Cap: ₹46.7b

Engages in real estate construction and development business in India.

MOIL

Market Cap: ₹52.9b

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

Xueda (Xiamen) Education Technology Group

Market Cap: CN¥4.3b

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

Cosmax

Market Cap: ₩2.0t

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

Sobute New Materials

Market Cap: CN¥4.9b

Engages in the research, development, production, and sale of concrete admixtures in Mainland China and internationally.

Interarch Building Solutions

Market Cap: ₹28.9b

Provides pre-engineered steel construction solutions in India.

Apeejay Surrendra Park Hotels

Market Cap: ₹24.0b

Owns and operates hotels in India.

Dicker Data

Market Cap: AU$1.6b

Engages in the wholesale distribution of IT hardware, software, cloud, and IoT solutions for corporate and commercial markets in Australia and New Zealand.

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.

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.

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.

Simplex Holdings

Market Cap: JP¥183.9b

Provides IT solutions in Japan.

IBJ

Market Cap: JP¥27.2b

Provides marriage hunting services in Japan.

Zhongyan Technology

Market Cap: CN¥3.3b

Operates as a geotechnical technology company in China.

EASY BIOInc

Market Cap: ₩232.9b

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

Cherat Cement

Market Cap: PK₨47.4b

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

GMO internet group

Market Cap: JP¥277.9b

Provides various Internet services worldwide.

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.

Atea

Market Cap: NOK 15.8b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

ATRenew

Market Cap: US$1.3b

Operates pre-owned consumer electronics transactions and services platform in the People’s Republic of China.

Friedrich Vorwerk Group

Market Cap: €1.5b

Provides various solutions for transformation and transportation of energy in Germany and Europe.

Nyab

Market Cap: SEK 4.2b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

Fonix

Market Cap: UK£150.1m

Provides mobile payments and messaging, and managed services for media, charity, gaming, e-mobility, and other digital service businesses in the United Kingdom and the rest of Europe.

SBO

Market Cap: €568.1m

Manufactures and sells steel products worldwide.

Byggmax Group

Market Cap: SEK 3.4b

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

NOTE

Market Cap: SEK 5.3b

Provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally.

Implenia

Market Cap: CHF 1.3b

Provides construction and real estate services in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally.

Warpaint London

Market Cap: UK£169.7m

Produces and sells cosmetics.

EXEL Industries

Market Cap: €231.3m

Engages in the manufacture and sale of agricultural spraying equipment in France and internationally.

Catering International & Services Société Anonyme

Market Cap: €98.6m

Provides catering, accommodation, and facilities and utility management services.

Vossloh

Market Cap: €1.3b

Provides rail infrastructure products and services in Germany and internationally.

NEUCA

Market Cap: zł3.3b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Sun Country Airlines Holdings

Market Cap: US$844.6m

An air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally.

Volati

Market Cap: SEK 6.3b

A private equity firm specializing in growth capital, buyouts, add on acquisitions in mature and middle market companies.