Global Undervalued Small Caps

WingArc1st

Market Cap: JP¥124.5b

Develops and sells software and services in Japan.

LITALICO

Market Cap: JP¥46.4b

Engages in the employment support, child welfare, platform, and overseas business in Japan.

Maezawa Industries

Market Cap: JP¥34.5b

Engages in the manufacture, sale, and installation of equipment and apparatus for water supply and sewage systems in Japan and internationally.

Blue Jet Healthcare

Market Cap: ₹92.2b

Engages in the manufacturing and sale of pharmaceutical intermediates and active pharmaceutical ingredients (APIs) for use in pharmaceutical and healthcare products.

Ranger Energy Services

Market Cap: US$294.6m

Provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States.

Hammond Power Solutions

Market Cap: CA$1.9b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Cury Construtora e Incorporadora

Market Cap: R$9.3b

Operates in real estate businesses in Brazil.

Sunrise Realty Trust

Market Cap: US$137.4m

Engages in commercial real estate lending business in the United States.

Community West Bancshares

Market Cap: US$446.6m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

CES Energy Solutions

Market Cap: CA$2.6b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Qatar National Bank

Market Cap: ج.م94.7b

Provides various banking products and services in Egypt.

EFG Holding CompanyE

Market Cap: ج.م35.6b

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

Stingray Group

Market Cap: CA$948.9m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$1.0b

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

Salmones Camanchaca

Market Cap: CL$319.3b

Engages in the salmon farming business in Chile.

Actron Technology

Market Cap: NT$11.9b

Engages in the design, development, manufacture, and sale of electronic components in China, Korea, Taiwan, Mexico, France, the Czech Republic, Hungary, India, and internationally.

FDC International Hotels

Market Cap: NT$4.6b

Operates and manages international tourist hotels in Taiwan.

Jiangsu Sinopep-Allsino Biopharmaceutical

Market Cap: CN¥12.3b

A biomedical company, engages in the research and development, production, and sale of peptides, oligonucleotides, and small molecule drugs in China.

Nanjing Bestway Intelligent Control Technology

Market Cap: CN¥4.3b

Nanjing Bestway Intelligent Control Technology Co., Ltd.

Jiaze Renewables

Market Cap: CN¥13.3b

Engages in the development, construction, sale, operation, and maintenance of new energy power stations in China.

Ridley

Market Cap: AU$955.9m

Engages in the provision of animal nutrition solutions in Australia the United States, New Zealand, and Thailand.

Devsisters

Market Cap: ₩326.2b

Engages in the development of mobile games in South Korea and internationally.

Kyoritsu Maintenance

Market Cap: JP¥247.3b

Operates dormitories for students and companies.

AEM Holdings

Market Cap: S$509.9m

Provides semiconductor and electronics test solutions worldwide.

Tong Ren Tang Technologies

Market Cap: HK$5.8b

Produces and distributes Chinese medicine products in Mainland China and Hong Kong.

Elan

Market Cap: JP¥44.9b

Engages in the nursing care business primarily in Japan.

Sansan

Market Cap: JP¥219.6b

Engages in the planning, development, and selling of cloud-based solutions in Japan.

Zhejiang Meili High Technology

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of high-end spring products in China and internationally.

Macmahon Holdings

Market Cap: AU$1.4b

Provides surface mining, underground mining and mining support, and civil infrastructure services to mining companies in Australia and Southeast Asia.

Zhejiang Qianjiang Motorcycle

Market Cap: CN¥8.1b

Researches and develops, manufactures, sells, and services motorcycles and accessories in China and internationally.

Papoutsanis

Market Cap: €91.3m

Engages in the production and sale of soaps and liquid cosmetics in Greece.

TXT e-solutions

Market Cap: €380.9m

Provides software and service solutions in Italy and internationally.

Alkhorayef Water and Power Technologies

Market Cap: ر.س4.5b

Designs, constructs, operates, maintains, and manages water and wastewater projects in Saudi Arabia.

S&U

Market Cap: UK£241.2m

Provides motor, property bridging, and specialist finance services in the United Kingdom.

Fine Foods & Pharmaceuticals N.T.M

Market Cap: €232.8m

Fine Foods & Pharmaceuticals N.T.M. S.p.A.

Scandi Standard

Market Cap: SEK 6.4b

Produces and sells chilled, frozen, and ready-to-eat chicken products in Sweden, Norway, Ireland, Denmark, Finland, Germany, the United Kingdom, rest of Europe, and internationally.