Global Undervalued Small Caps

Richardson Electronics

Market Cap: US$166.4m

Provides engineered solutions, power grid and microwave tube, and related consumables in North America, the Asia Pacific, Europe, and Latin America.

Community West Bancshares

Market Cap: US$432.7m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

Solstad Offshore

Market Cap: NOK 4.7b

Owns and operates offshore service vessels.

MT Højgaard Holding

Market Cap: DKK 3.1b

Engages in the provision of construction, civil engineering, and infrastructure services for private and public customers in Denmark and internationally.

Emak

Market Cap: €133.4m

Manufactures and distributes machines, components, and accessories for gardening, agriculture, forestry, and industries worldwide.

ADLPartner

Market Cap: €95.3m

Provides marketing solutions in France and internationally.

Magellan Aerospace

Market Cap: CA$1.4b

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

Hammond Power Solutions

Market Cap: CA$2.3b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Hillgrove Resources

Market Cap: AU$143.4m

Engages in the operation, exploration, and development of mineral properties in Australia.

Shenzhen VMAX New Energy

Market Cap: CN¥12.1b

Engages in the research, development, production, and sale and technical services of new energy vehicle power products in China and internationally.

OPTEX GROUP Company

Market Cap: JP¥100.7b

Engages in planning, development, and sale of sensors in Japan, the United States, Europe, and Asia.

Austco Healthcare

Market Cap: AU$142.4m

Engages in the business of development, manufacture, service, supply, and distribution of healthcare communications equipment and software in Australia, New Zealand, Asia, Europe, and North America.

Cogstate

Market Cap: AU$371.2m

A neuroscience solutions company, engages in the creation, validation, and commercialization of digital brain health assessments worldwide.

TIMAH

Market Cap: Rp26.4t

Engages in tin mining and smelting operations in Indonesia and internationally.

Focus Technology

Market Cap: CN¥13.6b

Operates e-commerce platforms in the People’s Republic of China and internationally.

Macmahon Holdings

Market Cap: AU$1.4b

Provides surface mining, underground mining and mining support, and civil infrastructure services to mining companies in Australia and Southeast Asia.

Tonymoly

Market Cap: ₩165.6b

Engages in the manufacturing, selling, and franchising cosmetics in South Korea and internationally.

Computer Engineering & Consulting

Market Cap: JP¥62.9b

Engages in digital industry and system integration businesses in Japan.

Wuhan Keqian BiologyLtd

Market Cap: CN¥7.4b

Focuses on the research and development, production, sales, and animal epidemic prevention technical services of veterinary biological products in China.

DCB Bank

Market Cap: ₹56.0b

Provides various banking and financial products and services in India.

FreeBit

Market Cap: JP¥34.0b

Operates as a supporting Internet business, and broadband business company.

CURVES HOLDINGS

Market Cap: JP¥72.5b

Engages in the operation and management of fitness club for women under the Curves brand name in Japan and internationally.

KUMHO Engineering & Construction

Market Cap: ₩180.2b

KUMHO Engineering & Construction Co., Ltd.

Hantech

Market Cap: ₩440.4b

Produces and sells chemical process equipment/storage tanks and cryogenic containers in South Korea.

Shenzhen Newway Photomask Making

Market Cap: CN¥10.0b

A lithography company, engages in the design, development, and production of mask products in China.

Zhejiang Meili High Technology

Market Cap: CN¥5.5b

Engages in the research and development, production, and sale of high-end spring products in China and internationally.

Wismilak Inti Makmur

Market Cap: Rp4.0t

Manufactures and sells cigarettes in Indonesia and internationally.

Shuangdeng Group

Market Cap: HK$5.5b

Provides energy storage solutions in China.

Indian Metals and Ferro Alloys

Market Cap: ₹68.3b

Engages in the production and sale of ferro chrome in India and internationally.

Chicony Power Technology

Market Cap: NT$32.3b

Develops, manufactures, and sells switching power supplies, electronic components and LED lighting modules, and smart building solutions in Taiwan.

Chaoju Eye Care Holdings

Market Cap: HK$1.8b

Owns and operates a network of ophthalmic hospitals and optical centers in China.

Deleum Berhad

Market Cap: RM 501.9m

An investment holding company, provides products and services to the oil and gas industries primarily in Malaysia.

GPT Healthcare

Market Cap: ₹10.4b

Owns and operates a chain of multispecialty hospitals under the ILS Hospitals brand name in India.

CPH Group

Market Cap: CHF 387.3m

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

Viant Technology

Market Cap: US$702.1m

Operates a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.

Gestamp Automoción

Market Cap: €1.7b

Designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.