Global Undervalued Small Caps

CNB Financial

Market Cap: US$471.7m

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

Ducommun

Market Cap: US$992.6m

Provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States.

Travelzoo

Market Cap: US$160.5m

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

Business First Bancshares

Market Cap: US$710.6m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

GROUPE SFPI

Market Cap: €184.1m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

GPS Participações e Empreendimentos

Market Cap: R$10.4b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Genomma Lab Internacional. de

Market Cap: Mex$20.9b

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

Eurocell

Market Cap: UK£157.9m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Alvopetro Energy

Market Cap: CA$193.7m

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

DHT Holdings

Market Cap: US$1.8b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Propel Holdings

Market Cap: CA$1.3b

Operates as a financial technology company.

Sichuan Injet Electric

Market Cap: CN¥9.5b

Engages in the research and development, design, and manufacturing of industrial power equipment in China.

Consun Pharmaceutical Group

Market Cap: HK$7.9b

Researches and develops, manufactures, and sells Chinese medicines and medical contrast medium products in the People’s Republic of China.

Asahi Yukizai

Market Cap: JP¥71.9b

Engages in the piping and foundry materials, resins, and water treatment and natural resources exploitation businesses in Japan.

AEON Credit Service (M) Berhad

Market Cap: RM 3.0b

Offers consumer financial services in Malaysia.

Beijing Kawin Technology Share-Holding

Market Cap: CN¥4.5b

A biopharmaceutical company, provides treatment solutions for viral and immune diseases in China.

Capital Small Finance Bank

Market Cap: ₹12.1b

Provides a range of banking and financial products and services for individuals and businesses in India.

World

Market Cap: JP¥84.7b

Through its subsidiaries, plans, manufactures, retails, sells, and imports/exports apparel and fashion products in Japan and internationally.

Geniee

Market Cap: JP¥18.6b

Engages in the internet advertising business in Japan and internationally.

New DaZheng Property Group

Market Cap: CN¥2.2b

Engages in the operation and management of public buildings and facilities in China.

Nissei ASB Machine

Market Cap: JP¥71.4b

Engages in the planning, development, manufacturing, and sale of machines that produce PET and other plastic bottles worldwide.

Geo Holdings

Market Cap: JP¥77.5b

Engages in the amusement businesses in Japan.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥6.0b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

TaewoongLtd

Market Cap: ₩315.5b

Manufactures and sells open-die forgings and ring rolled products in South Korea and internationally.

Guangxi Huaxi Nonferrous MetalLtd

Market Cap: CN¥12.2b

Trades in steel, bulk commodities, and other products in China.

FSE Lifestyle Services

Market Cap: HK$2.5b

An investment holding company, provides city essential services in Hong Kong, Mainland China, and Macau.

SolaX Power Network Technology (Zhejiang)

Market Cap: CN¥8.4b

SolaX Power Network Technology (Zhejiang) Co., Ltd.

Solvvy

Market Cap: JP¥16.2b

Provides warranty services and software as a service (SaaS) products.

Shibaura Mechatronics

Market Cap: JP¥94.2b

Produces and sells manufacturing equipment for flat panel displays (FPDs), semiconductors, and electronic components in Japan, Northeastern Asia, and internationally.

INNOX Advanced MaterialsLtd

Market Cap: ₩448.9b

INNOX Advanced Materials Co.,Ltd engages in semiconductor PKG materials and flexible circuit board materials businesses in South Korea and internationally.

United Arrows

Market Cap: JP¥59.6b

Engages in the planning, buying, and sale of men’s and women’s clothing and accessories, and miscellaneous items in Japan.

Genetec Technology Berhad

Market Cap: RM 768.6m

An investment holding company, designs and manufactures smart automation systems, customized factory automation equipment and integrated systems in Malaysia, Asia, South America, Europe, and North America.

Crystal International Group

Market Cap: HK$13.6b

An investment holding company, engages in the manufacture and trading of garments in the Asia Pacific, North America, Europe, and internationally.

Colony Bankcorp

Market Cap: US$277.1m

Operates as the bank holding company for Colony Bank that provides various banking products and services to retail and commercial customers in the United States.

NEUCA

Market Cap: zł3.2b

Engages in the wholesale distribution of pharmaceuticals in Poland.

lastminute.com

Market Cap: CHF 135.1m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.