Global Undervalued Small Caps

Amiyaki Tei

Market Cap: JP¥30.3b

Operates a chain of restaurants in Japan.

MotorCycle Holdings

Market Cap: AU$248.0m

Owns and operates motorcycle dealerships in Australia.

Bell Financial Group

Market Cap: AU$383.3m

Engages in the provision of full-service broking, online broking, corporate finance, and financial advisory services to private, institutional, and corporate clients in Australia, the United States, the United Kingdom, Hong Kong, and Kuala Lumpur.

PI Advanced Materials

Market Cap: ₩550.0b

Operates as a subsidiary of Arkema S.A.

TK Group (Holdings)

Market Cap: HK$1.9b

An investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components.

Austin Engineering

Market Cap: AU$223.4m

Manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors.

Viva Biotech Holdings

Market Cap: HK$3.2b

An investment holding company, engages in the provision of structure-based drug discovery services to biotechnology and pharmaceutical customers worldwide.

Shijiazhuang Shangtai Technology

Market Cap: CN¥12.8b

Shijiazhuang Shangtai Technology Co., Ltd.

Qingdao Baheal Medical

Market Cap: CN¥11.2b

Engages in the research and development, production, and sale of pharmaceutical products.

Shanghai INT Medical Instruments

Market Cap: HK$3.6b

Engages in the research and development, manufacture, and sale of cardiovascular interventional medical devices in Mainland China, Europe, the United States, and internationally.

Saint Marc Holdings

Market Cap: JP¥52.2b

Through its subsidiaries, engages in the restaurant and cafe business in Japan.

Deyaar Development PJSC

Market Cap: د.إ4.6b

Provides property investment, development, leasing, and management services in the United Arab Emirates and internationally.

D&L Industries

Market Cap: ₱37.9b

Provides products for food ingredients, oleochemicals for personal and home care use, raw materials for plastic products, and aerosol products in the Philippines and internationally.

Eternal Hospitality GroupLtd

Market Cap: JP¥35.9b

Operates restaurants in Japan.

Akums Drugs and Pharmaceuticals

Market Cap: ₹85.4b

Manufactures and sells pharmaceutical products and active pharmaceutical ingredients India and internationally.

Skellerup Holdings

Market Cap: NZ$970.6m

Designs, manufactures, and distributes engineered products for various specialist industrial and agricultural applications.

Alkane Resources

Market Cap: AU$399.7m

Operates as a gold exploration and production company in Australia.

Marksans Pharma

Market Cap: ₹115.4b

Engages in the research, manufacturing, marketing, and sale of pharmaceutical formulations in the United States, North America, Europe, the United Kingdom, Australia, New Zealand, and internationally.

Syuppin

Market Cap: JP¥25.1b

Operates e-commerce websites for buying and selling new and used products in Japan.

JBCC Holdings

Market Cap: JP¥77.9b

Through its subsidiaries, engages in the provision of information technology related services in Japan.

Al-Dawaa Medical Services

Market Cap: ر.س6.7b

Primarily operates as a pharmaceutical retail company in the Kingdom of Saudi Arabia.

TaskUs

Market Cap: US$1.5b

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.

Select Medical Holdings

Market Cap: US$1.9b

Through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States.

Kinepolis Group

Market Cap: €941.6m

Operates cinema complexes in Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland, Poland, Canada, and the United States.

Scope Fluidics

Market Cap: zł444.3m

A biotechnology company, designs and develops projects based on microfluidic technologies in medical diagnostics and healthcare in Poland.

Southern Province Cement

Market Cap: ر.س3.9b

Engages in the manufacture, production and sale of cement, clinker, and its derivatives and accessories in Saudi Arabia.

Beximco Pharmaceuticals

Market Cap: ৳42.6b

Manufactures and markets generic pharmaceutical formulations and active pharmaceutical ingredients in Bangladesh.

MiMedx Group

Market Cap: US$1.0b

Develops and distributes placental tissue allografts for various sectors of healthcare.

Caledonia Mining

Market Cap: US$392.5m

Primarily operates a gold mine in Jersey.

Bel Fuse

Market Cap: US$1.3b

Designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits.

Alliance Entertainment Holding

Market Cap: US$273.6m

Operates as a wholesaler, retailer, distributor, and e-commerce provider for the entertainment industry worldwide.

Consumer Portfolio Services

Market Cap: US$217.1m

Operates as a specialty finance company in the United States.

Michelmersh Brick Holdings

Market Cap: UK£102.2m

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

Badger Infrastructure Solutions

Market Cap: CA$1.7b

Provides non-destructive excavating and related services in Canada and the United States.

Stepan

Market Cap: US$1.3b

Produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide.