Global Undervalued Small Caps

Fiverr International

Market Cap: US$386.3m

Operates an online marketplace worldwide.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$949.8m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

SDI Group

Market Cap: UK£79.5m

Designs and manufactures scientific and technology products based on digital imaging and sensing and control applications worldwide.

CAB Payments Holdings

Market Cap: UK£199.3m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, supranationals, and governments in the United Kingdom and internationally.

Genuit Group

Market Cap: UK£764.5m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

B&C Speakers

Market Cap: €145.6m

Engages in the production and marketing of professional loudspeakers under the B&C brand name in Italy, Latin America, Europe, North America, the Middle East, Africa, and Asia-Pacific.

ASA International Group

Market Cap: UK£209.0m

Operates as a microfinance institution in Asia and Africa.

Stanbic IBTC Holdings

Market Cap: ₦2.1t

A financial holding company, provides banking and other financial services to individuals, businesses, institutions, and corporations in Nigeria and internationally.

Zhejiang Asia-Pacific Mechanical & ElectronicLtd

Market Cap: CN¥11.1b

Engages in the development, production, and sale of automotive parts and components in China and internationally.

Freightways Group

Market Cap: NZ$2.3b

Provides express package and business mail, and information management services in New Zealand, Australia, and internationally.

S.P. Apparels

Market Cap: ₹17.5b

Manufactures and exports knitted garments for infants and children in India and internationally.

m-up holdings

Market Cap: JP¥48.8b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

Hi-Yes International

Market Cap: NT$10.9b

Engages in the real estate agency and brokerage businesses in Taiwan.

Artemis Medicare Services

Market Cap: ₹35.7b

Engages in the management and operation of multi-specialty hospitals in India and internationally.

WingArc1st

Market Cap: JP¥89.7b

Develops and sells software and services in Japan.

SIGA Technologies

Market Cap: US$376.8m

A commercial-stage pharmaceutical company, focuses on the health security market in the United States.

IOL Chemicals and Pharmaceuticals

Market Cap: ₹20.2b

Manufactures and sells pharmaceutical and chemical products in India and internationally.

Gofore Oyj

Market Cap: €209.0m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Zinzino

Market Cap: SEK 5.3b

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

R Systems International

Market Cap: ₹31.6b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms.

JRCLtd

Market Cap: JP¥16.5b

Designs, manufactures, and sells conveyor parts in Japan.

Cash Converters International

Market Cap: AU$223.5m

Provides unsecured lending and second-hand retail services in Australia, New Zealand, the United Kingdom, and internationally.

Qatar National Bank

Market Cap: ج.م86.2b

Engages in the provision of banking services in Egypt.

Restar

Market Cap: JP¥79.9b

Engages in the sale of semiconductors, electronic components, image sensors, cameras, peripheral equipment, and related products in Japan, China, South Korea, Vietnam, Taiwan, and internationally.

AirAsia X Berhad

Market Cap: RM 3.9b

Provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia.

Titagarh Rail Systems

Market Cap: ₹86.1b

Engages in the manufacture and sale of freight and passenger rail systems in India and internationally.

JF SmartInvest Holdings

Market Cap: HK$15.2b

An investment holding company, through its subsidiaries, provides online investment decision-making solution services in the People’s Republic of China.

Wee Hur Holdings

Market Cap: S$620.5m

An investment holding company, engages in general building and civil engineering construction business in Singapore, Hong Kong, and Australia.

Zhejiang Natural Outdoor Goods

Market Cap: CN¥3.4b

Engages in the research, design, development, production, and sale of outdoor sports products in China and internationally.

Solum

Market Cap: ₩848.7b

Manufactures and markets power modules, digital tuners, and electronic shelf labels to customers in South Korea and internationally.

Da-Li DevelopmentLtd

Market Cap: NT$21.7b

Engages in the construction business in Taiwan and the United States.

Funai Soken Holdings

Market Cap: JP¥102.0b

Provides consulting services for various industries in Japan.

EFG Holding CompanyE

Market Cap: ج.م37.2b

A financial services company, provides investment banking products and services in Egypt, rest of GCC countries, and internationally.

China State Construction Development Holdings

Market Cap: HK$2.2b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.

JAC Recruitment

Market Cap: JP¥137.3b

Provides recruitment consultancy services in Japan.

Ever Glory United Holdings

Market Cap: S$288.1m

An investment holding company, provides mechanical and electrical engineering services for public and private sectors in Singapore.