Global Undervalued Small Caps

Semrush Holdings

Market Cap: US$1.4b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

Gambling.com Group

Market Cap: US$431.5m

Operates as a performance marketing company for the online gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally.

Opera

Market Cap: US$1.8b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Shenzhen Sinexcel ElectricLtd

Market Cap: CN¥9.0b

Provides energy interconnection ecosystem in China, rest of Asia, Oceania, Europe, North America, South America, and Africa.

Saksiam Leasing

Market Cap: ฿7.3b

Provides financial services in Thailand.

J. Kumar Infraprojects

Market Cap: ₹54.5b

Engages in the construction business in India.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥12.8b

Engages in the chemicals business in China.

DXN Holdings Bhd

Market Cap: RM 2.5b

An investment holding company, engages in the manufacture and sale of health supplements and other products on direct sales basis.

Dexterra Group

Market Cap: CA$575.1m

Engages in the provision of support services for the creation, management, and operation of infrastructure in Canada.

Alithya Group

Market Cap: CA$226.4m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

Indel B

Market Cap: €100.2m

Manufactures and supplies cooling and refrigeration system worldwide.

Odfjell Technology

Market Cap: NOK 2.0b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.

West African Resources

Market Cap: AU$2.7b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Altri SGPS

Market Cap: €1.0b

Produces and sells cellulosic fibers in Portugal and internationally.

Rayhoo Motor DiesLtd

Market Cap: CN¥7.8b

Designs, develops, manufactures, and sells stamping dies and auto welding lines in China and internationally.

Zetrix AI Berhad

Market Cap: RM 7.7b

An investment holding company, develops and implements electronic government services project, and provides other related services in Malaysia and internationally.

Ashtead Technology Holdings

Market Cap: UK£355.6m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Elixirr International

Market Cap: UK£350.6m

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

Flight Centre Travel Group

Market Cap: AU$2.9b

Provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally.

Moura Dubeux Engenharia

Market Cap: R$2.0b

Provides real estate development services in Brazil.

Flowco Holdings

Market Cap: US$1.6b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Base

Market Cap: JP¥60.3b

Engages in the computer software development and related work in Japan.

Chemung Financial

Market Cap: US$241.6m

Operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.

People & Technology

Market Cap: ₩804.7b

Offers coating, calendaring, slitting, automation, and other machineries.

Waterdrop

Market Cap: US$506.3m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

Nippon Carbide Industries

Market Cap: JP¥17.5b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Tennant

Market Cap: US$1.5b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

CNB Financial

Market Cap: US$509.3m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Chongqing Chuanyi Automation

Market Cap: CN¥10.2b

Researches, manufactures, and markets industrial auto-control systems and devices, and engineering integration services in China.

Genomma Lab Internacional. de

Market Cap: Mex$20.1b

Provides pharmaceutical and personal care products primarily in Mexico and internationally.

CellaVision

Market Cap: SEK 4.4b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥9.0b

Engages in the research and development, production, and sale of veterinary raw materials, drug preparation, functional additives, and veterinary biological products.

Eleving Group

Market Cap: €181.1m

Provides vehicle and consumer finance services in Europe, Africa, and internationally.

Bozhon Precision Industry TechnologyLtd

Market Cap: CN¥12.0b

Bozhon Precision Industry Technology Co.,Ltd.

Travelzoo

Market Cap: US$147.7m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Future

Market Cap: JP¥202.7b

Provides IT consulting and services primarily in Japan.