Global Undervalued Small Caps

CREEK & RIVER

Market Cap: JP¥30.2b

Engages in the production and management of creative artists and agencies, as well as rights management in Japan and internationally.

Nippon Carbide Industries

Market Cap: JP¥26.7b

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

Source Energy Services

Market Cap: CA$210.7m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

ProCredit Holding

Market Cap: €487.7m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Wolverine World Wide

Market Cap: US$1.3b

Designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America.

74Software

Market Cap: €964.6m

Operates as a software company in France.

Quartix Technologies

Market Cap: UK£124.5m

Engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and other European Territories.

Bridgewater Bancshares

Market Cap: US$489.2m

Operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States.

Tennant

Market Cap: US$1.1b

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

GL Events

Market Cap: €926.9m

Provides integrated solutions and services for events in France and internationally.

Embla Medical hf

Market Cap: DKK 12.4b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

CNB Financial

Market Cap: US$801.1m

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

Flügger group

Market Cap: DKK 1.0b

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Cannara Biotech

Market Cap: CA$181.8m

Engages in the indoor cultivation, processing, and sale of cannabis and cannabis-derivative products in Canada.

Viva Wine Group

Market Cap: SEK 2.9b

Develops, markets, imports, and sells wines.

Alexandria Group Oyj

Market Cap: €119.7m

Provides investment and savings insurance products in Finland.

Waterdrop

Market Cap: US$636.5m

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.

Bytes Technology Group

Market Cap: UK£723.8m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Abeona Therapeutics

Market Cap: US$278.5m

A clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening diseases.

Merchants Bancorp

Market Cap: US$1.9b

Operates as the diversified bank holding company in the United States.

ACT Energy Technologies

Market Cap: CA$237.4m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Nederman Holding

Market Cap: SEK 4.8b

Operates as an environmental technology company.

Iochpe-Maxion

Market Cap: R$1.4b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Lavvi Empreendimentos Imobiliários

Market Cap: R$3.4b

Develops and builds residential and non-residential properties primarily in Brazil.

Genomma Lab Internacional. de

Market Cap: Mex$17.4b

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

Propel Holdings

Market Cap: CA$780.6m

Operates as a financial technology company.

Alvopetro Energy

Market Cap: CA$300.5m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Pagaya Technologies

Market Cap: US$935.0m

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.

Clinuvel Pharmaceuticals

Market Cap: AU$503.5m

A biopharmaceutical company, focuses on developing and commercializing treatments for patients with genetic, metabolic, systemic, and life-threatening disorders in Australia, Europe, the United States, Switzerland, and internationally.

Vista Group International

Market Cap: NZ$444.2m

Provides software and technology solutions to the film industry sectors in New Zealand and internationally.

AEON Credit Service (M) Berhad

Market Cap: RM 2.8b

Provides consumer financial services in Malaysia.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥9.8b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Central Omega Resources

Market Cap: Rp3.9t

Engages in the mineral mining business in Indonesia.

Lifedrink Company

Market Cap: JP¥49.6b

Manufactures and sells soft drinks in Japan.

Precision Tsugami (China)

Market Cap: HK$14.2b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.

GA technologies

Market Cap: JP¥66.6b

Operates a real estate brokerage platform.