Global Undervalued Small Caps

Construtora Tenda

Market Cap: R$3.7b

Operates as a construction company in Brazil.

Trisul

Market Cap: R$1.6b

Engages in the construction and development of real estate properties in Brazil.

Tokai Carbon

Market Cap: JP¥211.0b

Manufactures and sells carbon-related products and services in Japan.

Vikram Solar

Market Cap: ₹68.3b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Future

Market Cap: JP¥147.8b

Provides IT consulting and services primarily in Japan.

Indegene

Market Cap: ₹108.7b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Security Bank

Market Cap: ₱52.0b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Inspur Digital Enterprise Technology

Market Cap: HK$4.6b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Converge Information and Communications Technology Solutions

Market Cap: ₱99.2b

Converge Information and Communications Technology Solutions, Inc.

Fauji Cement

Market Cap: PK₨101.4b

Engages in the manufacturing and selling of various types of cement in Pakistan.

FRP Advisory Group

Market Cap: UK£251.3m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Grupa Pracuj

Market Cap: zł2.7b

Operates HR technology platform in Poland, Ukraine, and Germany.

Altea Green Power

Market Cap: €118.0m

Supplies and manages renewable energy plants in Italy and the United States.

Tristel

Market Cap: UK£182.1m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

FirstSun Capital Bancorp

Market Cap: US$1.0b

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in the United States.

Zevra Therapeutics

Market Cap: US$535.4m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

LiveRamp Holdings

Market Cap: US$1.9b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Orion Group Holdings

Market Cap: US$472.2m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

Grupo SBF

Market Cap: R$2.4b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

AEON Credit Service (M) Berhad

Market Cap: RM 2.7b

Provides consumer financial services in Malaysia.

Voxel

Market Cap: zł1.3b

Provides medical services in Poland.

Hacksaw

Market Cap: SEK 16.6b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Ependion

Market Cap: SEK 3.1b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Palfinger

Market Cap: €1.3b

Produces and sells crane and lifting solutions in Austria and internationally.

Warpaint London

Market Cap: UK£177.7m

Produces and sells cosmetics.

Boozt

Market Cap: SEK 5.3b

Sells fashion, apparel, shoes, accessories, kids, home, sports, and beauty products online.

Nagarro

Market Cap: €682.1m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

United Electronics

Market Cap: ر.س5.9b

Engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally.

North East Rubber

Market Cap: ฿8.7b

Manufactures and sells rubber products in Thailand.

Gibraltar Industries

Market Cap: US$1.2b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Hugel

Market Cap: ₩2.8t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹123.7b

Engages in the manufacture, trade, and sale of bulk chemicals in India.

Luk Fook Holdings (International)

Market Cap: HK$15.5b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.