Global Undervalued Small Caps

Hugel

Market Cap: ₩2.4t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

China State Construction Development Holdings

Market Cap: HK$2.8b

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

Auto Partner

Market Cap: zł2.1b

Imports and distributes parts for passenger cars, delivery vans, and motorcycles in Poland.

Tracsis

Market Cap: UK£99.7m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

AdaptHealth

Market Cap: US$1.2b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

Rank Group

Market Cap: UK£497.8m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.

Bird Construction

Market Cap: CA$1.5b

Provides construction services in Canada.

Sinocare

Market Cap: CN¥9.6b

Engages in the development, manufacture, and marketing of rapid diagnosis testing products primarily in the People’s Republic of China.

Vizionfocus

Market Cap: NT$10.7b

Engages in the manufacturing of medical equipment in Taiwan, China, Japan, and the United States.

HDC Hyundai Development

Market Cap: ₩1.3t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

Pakistan State Oil

Market Cap: PK₨218.1b

Engages in the procurement, storage, distribution, and marketing of petroleum and related products in Pakistan.

CPH Group

Market Cap: CHF 424.4m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

HNI

Market Cap: US$1.9b

Engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada.

Opera

Market Cap: US$1.2b

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

YouYou Foods

Market Cap: CN¥5.5b

Provides food products in China.

Binh Duong Water - Environment Corporation -

Market Cap: ₫10.3t

Engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam.

Strides Pharma Science

Market Cap: ₹81.2b

Develops, manufactures, and sells pharmaceutical products in Africa, Australia, North America, Europe, Asia, and internationally.

Tamkeen Human Resources

Market Cap: ر.س1.4b

Offers labor recruitment and manpower services in the Kingdom of Saudi Arabia.

DXN Holdings Bhd

Market Cap: RM 2.6b

Manufactures and sales health supplements and other products on direct sales basis in Latin America, Malaysia, Asia, North America, Africa, Europe, the Middle East, and Oceania.

Round One

Market Cap: JP¥275.4b

Operates indoor leisure complex facilities.

On the Beach Group

Market Cap: UK£311.5m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

LSI Industries

Market Cap: US$562.7m

Manufactures, markets, and sells non-residential lighting and retail display solutions in the United States.

Tubacex

Market Cap: €412.7m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Viña Concha y Toro

Market Cap: CL$765.3b

Produces, distributes, stores, transports, and sells wines in Chile, Argentina, and the United States.

Sword Group

Market Cap: €343.0m

Provides IT and software solutions.

CoreCivic

Market Cap: US$1.9b

Owns and operates partnership correctional, detention, and residential reentry facilities in the United States.

HBT Financial

Market Cap: US$771.7m

Operates as the bank holding company for Heartland Bank and Trust Company that provides financial products and services to consumers, businesses, and municipal entities in Illinois and Eastern Iowa.

CI&T

Market Cap: US$598.5m

Provides strategy, design, and software engineering services worldwide.

Green Tea Group

Market Cap: HK$4.1b

Operates casual Chinese restaurants in Mainland China.

Soilbuild Construction Group

Market Cap: S$526.2m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

Newborn Town

Market Cap: HK$12.3b

An investment holding company, engages in the social networking business worldwide.

Medco Energi Internasional

Market Cap: Rp32.6t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, the United States of America, and Europe.

Moura Dubeux Engenharia

Market Cap: R$2.2b

Provides real estate development services in Brazil.

BW Energy

Market Cap: NOK 9.9b

Engages in the exploration and production of oil and gas properties.

Ashtead Technology Holdings

Market Cap: UK£283.0m

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

Michelmersh Brick Holdings

Market Cap: UK£78.2m

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