Global Undervalued Small Caps

Technocraft Industries (India)

Market Cap: ₹45.2b

Engages in scaffolding business in India and internationally.

JK Paper

Market Cap: ₹53.9b

Engages in the production and sale of paper products in India.

Nakamoto PacksLtd

Market Cap: JP¥17.8b

Provides gravure printing services in Japan and internationally.

Photocure

Market Cap: NOK 1.9b

Engages in the research, development, production, distribution, marketing, and sale of pharmaceutical products.

E.I.D.- Parry (India)

Market Cap: ₹156.2b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

Forth Corporation

Market Cap: ฿5.7b

Engages in the manufacture and distribution of electronic equipment in Thailand, Netherlands, United States of America, and internationally.

Bouvet

Market Cap: NOK 6.0b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

Duk San NeoluxLtd

Market Cap: ₩899.0b

Develops and manufactures OLED materials for display industry in South Korea.

GREEN CROSS WellBeing

Market Cap: ₩164.5b

Provides personalized nutrition injections in South Korea.

BORETECH Resource Recovery Engineering

Market Cap: NT$4.4b

BORETECH Resource Recovery Engineering CO., LTD.

Ülker Bisküvi Sanayi

Market Cap: ₺47.6b

Manufactures, markets, and sells biscuits, chocolates, chocolate coated biscuits, wafers, and cakes in Turkey and internationally.

SAXA

Market Cap: JP¥37.8b

Through its subsidiaries, develops, manufactures, and sells equipment and parts for information and communication systems in Japan.

Tokyo Electron Device

Market Cap: JP¥106.3b

A technology trading company, engages in the electronic components and computer networks businesses worldwide.

Viglacera

Market Cap: ₫21.7t

Manufactures and sells building materials in Vietnam.

Round One

Market Cap: JP¥300.6b

Operates indoor leisure complex facilities.

Asia CementLtd

Market Cap: ₩433.7b

Engages in the manufacture and sale of cement and ready-mixed concrete in South Korea.

BFF Bank

Market Cap: €1.6b

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

Dom Development

Market Cap: zł6.9b

Engages in the development and sale of residential and commercial real estate properties, and related support activities in Poland.

Medios

Market Cap: €391.3m

Supplies specialty pharmaceutical drugs primarily in Germany.

Betsson

Market Cap: SEK 14.4b

Through its subsidiaries, invests in and manages online gaming business in the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally.

Tubacex

Market Cap: €413.3m

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

Pharming Group

Market Cap: €1.2b

A biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally.

Tiong Woon Corporation Holding

Market Cap: S$223.7m

An investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors.

Aeris Resources

Market Cap: AU$712.5m

Explores, produces, and sells precious metals in Australia.

Al-Dawaa Medical Services

Market Cap: ر.س4.4b

Primarily operates as a pharmaceutical retail company in the Kingdom of Saudi Arabia and Kingdom of Bahrain.

Moura Dubeux Engenharia

Market Cap: R$2.1b

Provides real estate development services in Brazil.

Burke & Herbert Financial Services

Market Cap: US$992.0m

Operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland.

Third Coast Bancshares

Market Cap: US$559.1m

Operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in the United States.

MiMedx Group

Market Cap: US$789.4m

Develops and distributes placental tissue allografts for various sectors of healthcare.

Azzas 2154

Market Cap: R$5.0b

Engages in the development and marketing of women's, men's and children's footwear, handbags, accessories, and clothing in Brazil and internationally.

TR Anadolu Metal Madencilik Isletmeleri

Market Cap: ₺51.7b

Engages in the mining activities in Turkey.

Marksans Pharma

Market Cap: ₹74.0b

Engages in the research, manufacturing, marketing, and sale of pharmaceutical formulations in the United States, North America, Europe, the United Kingdom, Australia, New Zealand, and internationally.

YesAsia Holdings

Market Cap: HK$1.6b

An investment holding company, engages in trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

Shenzhen Lifotronic Technology

Market Cap: CN¥6.1b

Research, develops, manufactures, and markets medical devices for diagnostics, therapy, clinical medicine, skin, and human health related purposes in China.

Treasure FactoryLTD

Market Cap: JP¥41.5b

Engages in the development and operation of reuse stores in Japan.

Inghams Group

Market Cap: AU$932.9m

Engages in the production and sale of chicken and turkey products under the Ingham’s brand primarily in Australia and New Zealand.