Global Undervalued Small Caps

Synsam

Market Cap: SEK 8.7b

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

Pinewood Technologies Group

Market Cap: UK£365.5m

Operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally.

Elixirr International

Market Cap: UK£405.5m

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

Lea Bank

Market Cap: SEK 1.3b

Provides various banking products and services in Norway, Sweden, Finland, and Spain.

Multiconsult

Market Cap: NOK 4.6b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Fresh Del Monte Produce

Market Cap: US$1.6b

Through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally.

Remedy Entertainment Oyj

Market Cap: €179.5m

A video game company, engages in the development and sale of PC and console games in Finland.

Ferrari Group

Market Cap: €779.7m

Provides shipping, integrated logistics, and value-added services for jewelry and precious goods in Europe, Asia, North America, Brazil, and internationally.

Craneware

Market Cap: UK£796.1m

Develops, licenses, and supports computer software for the healthcare industry in the United States.

Amerant Bancorp

Market Cap: US$689.8m

Operates as the bank holding company for Amerant Bank, N.A.

Cerillion

Market Cap: UK£433.7m

Provides software for billing, charging, and customer relationship management (CRM) to the telecommunications sector in the United Kingdom, Europe, the Middle East, the Americas, and the Asia Pacific.

TaskUs

Market Cap: US$1.2b

Provides outsourced digital services for companies in Philippines, the United States, India, and internationally.

Northwest Bancshares

Market Cap: US$1.7b

Operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions in the United States.

Kinepolis Group

Market Cap: €802.5m

Operates and manages cinemas in Belgium, France, Canada, Spain, the Netherlands, the United States, Luxembourg, and internationally.

Kalekim Kimyevi Maddeler Sanayi Ve Ticaret Anonim Sirketi

Market Cap: ₺15.1b

Operates in the construction chemicals sector in Turkey and internationally.

Progyny

Market Cap: US$1.6b

A benefits management company, provides fertility, family building, and women’s health benefits solutions in the United States.

Michelmersh Brick Holdings

Market Cap: UK£80.4m

Together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe.

Nichols

Market Cap: UK£376.7m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Metro Bank Holdings

Market Cap: UK£784.8m

Operates as the bank holding company for Metro Bank PLC that provides business, commercial, retail and private banking products and services in the United Kingdom.

Hallenstein Glasson Holdings

Market Cap: NZ$594.7m

Operates as a retailer of men’s and women’s clothing in New Zealand and Australia.

Alkane Resources

Market Cap: AU$1.3b

Operates as a gold exploration and production company in Australia.

COVER

Market Cap: JP¥118.6b

COVER Corporation distribute videos and music through VTubers distribution platform in Japan.

Cruzeiro do Sul Educacional

Market Cap: R$2.1b

Provides education services in Brazil.

LendingClub

Market Cap: US$2.0b

Operates as a bank holding company, that provides range of financial products and services in the United States.

Tokuyama

Market Cap: JP¥277.1b

Produces and sells various chemical products in Japan.

Praemium

Market Cap: AU$428.2m

Provides advisors and wealth management solutions in Australia and internationally.

BEAUTY GARAGE

Market Cap: JP¥17.1b

BEAUTY GARAGE Inc. purchases and sells beautician and beauty products and equipment.

TOCALOLtd

Market Cap: JP¥133.3b

Develops surface modifying technologies in Japan and internationally.

Zeria Pharmaceutical

Market Cap: JP¥87.7b

Manufactures, sells, imports, and exports pharmaceuticals, non-pharmaceutical products, veterinary pharmaceuticals, agricultural and industrial chemicals, and reagents in Japan and internationally.

Kidswant Children ProductsLtd

Market Cap: CN¥13.3b

Engages in the retail of maternal, infant, and child products in China.

Fujian Yuanli Active CarbonLtd

Market Cap: CN¥5.9b

Engages in the manufacture and sale of activated carbon in China.

Lucky Harvest

Market Cap: CN¥10.6b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Orinko Advanced PlasticsLTD

Market Cap: CN¥6.7b

Orinko Advanced Plastics Co.,LTD. reesearches and develops, produces, and sells modified plastics in China.

China Catalyst Holding

Market Cap: CN¥4.9b

Engages in the research and development, production, and sale of zeolite catalyst, customized process package solutions, and fine chemicals in China and internationally.

Shandong Bailong Chuangyuan Bio-Tech

Market Cap: CN¥8.2b

Shandong Bailong Chuangyuan Bio-Tech Co., Ltd.

Chengdu Haoneng Technology

Market Cap: CN¥12.1b

Engages in the research, development, production, and sale of automotive transmission system components in China and internationally.