Global Undervalued Small Caps

Kuros Biosciences

Market Cap: CHF 808.5m

Engages in the commercialization and development of biologic technologies for musculoskeletal care in the United States of America, the European Union, and internationally.

Sats

Market Cap: NOK 8.2b

Provides fitness and training services in Norway, Sweden, Denmark, and Finland.

Dometic Group

Market Cap: SEK 9.6b

Provides mobile living solutions for food and beverage, climate, power and control, and other applications in the United States, Germany, Australia, Italy, France, United Kingdom, Japan, Canada, the Netherlands, Sweden, and internationally.

PicS

Market Cap: US$1.4b

Operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil.

CAB Payments Holdings

Market Cap: UK£198.0m

Through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia.

Karooooo

Market Cap: US$1.4b

Provides software applications for fleet management, mobile asset tracking, workforce management, and video solutions in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

Hydreight Technologies

Market Cap: CA$208.8m

Operates in the digital health technology sector in the United States.

Wickes Group

Market Cap: UK£408.3m

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

Zinzino

Market Cap: SEK 5.4b

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

Secure Trust Bank

Market Cap: UK£257.3m

Provides banking and financial products and services in the United Kingdom.

Pegasus Hava Tasimaciligi Anonim Sirketi

Market Cap: ₺86.0b

Operates as an airline company.

Bonesupport Holding

Market Cap: SEK 15.0b

An orthobiologics company, develops and commercializes injectable bio-ceramic bone graft substitutes in the United States, Europe, and internationally.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Patel Engineering

Market Cap: ₹27.1b

Provides infrastructure and construction services in India and internationally.

ST PharmLtd

Market Cap: ₩2.5t

Provides manufacturing services for active pharmaceutical ingredient and intermediate.

Globus Spirits

Market Cap: ₹24.7b

Manufactures and sells bulk alcohol and alcoholic products in India and internationally.

Focus Technology

Market Cap: CN¥10.2b

Operates e-commerce platforms in the People’s Republic of China and internationally.

Huatu Cendes

Market Cap: CN¥7.3b

Huatu Cendes Co., Ltd., an architectural design company, provides professional, designing, consulting, and engineering services to state-owned enterprises, private enterprises, multinational corporations and government agencies in China.

Shanghai Yaoji Technology

Market Cap: CN¥7.7b

Engages in mobile game, poker, and Internet marketing businesses in China and internationally.

AK Medical Holdings

Market Cap: HK$6.5b

An investment holding company, designs, develops, produces, and markets orthopedic joint implants and related products in the People’s Republic of China, the United Kingdom, and internationally.

China Animal Husbandry Industry

Market Cap: CN¥6.9b

Researches, develops, produces, and sells animal health and nutrition products in China and internationally.

BASEInc

Market Cap: JP¥30.4b

Engages in the planning, development, and operation of web services in Japan.

Cogstate

Market Cap: AU$465.7m

A neuroscience solutions company, engages in the creation, validation, and commercialization of digital brain health assessments worldwide.

RAK Properties PJSC

Market Cap: د.إ3.1b

Engages in the investment, development, and management of real estate properties in the United Arab Emirates.

Elan

Market Cap: JP¥43.2b

Engages in the nursing care business primarily in Japan.

Maple Leaf Cement Factory

Market Cap: PK₨94.8b

Produces and sells cement in Pakistan, Afghanistan, Maldives, Qatar, Sri Lanka, South Africa, Yemen, and Tanzania.

CLASSYS

Market Cap: ₩2.9t

Provides medical aesthetics devices worldwide.

CURVES HOLDINGS

Market Cap: JP¥80.7b

Engages in the operation and management of fitness club for women under the Curves brand name in Japan and internationally.

Southern Cable Group Berhad

Market Cap: RM 2.4b

Manufactures and sells cables and wires for power transmission and distribution, communications, and control & instrumentation applications in Malaysia and internationally.

FinWise Bancorp

Market Cap: US$201.6m

Operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah.

U-NEXT HOLDINGSLtd

Market Cap: JP¥288.4b

Offers entertainment services.

Qingci Games

Market Cap: HK$1.7b

An investment holding company, develops, publishes, and operates mobile games in Mainland China, Japan, the United States, Canada, Australia, New Zealand, Hong Kong, Macau, Taiwan, and internationally.

Ecora Royalties

Market Cap: UK£339.5m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

Dime Commercial Bancshares

Market Cap: US$1.8b

Operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services.

Daldrup & Söhne

Market Cap: €120.9m

Provides drilling and environmental services in Germany and Central Europe.

Alaris Equity Partners Income Trust

Market Cap: CA$1.1b

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.