Global Undervalued Small Caps

Aurelia Metals

Market Cap: AU$448.8m

Engages in the exploration and production of mineral properties in Australia.

NSL Foods

Market Cap: ฿6.6b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Duc Giang Chemicals Group

Market Cap: ₫20.8t

Manufactures industrial products in Vietnam.

Security Bank

Market Cap: ₱51.2b

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

Zevra Therapeutics

Market Cap: US$610.0m

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.9b

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

Trisul

Market Cap: R$1.3b

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

Orion Group Holdings

Market Cap: US$471.1m

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

LiveRamp Holdings

Market Cap: US$1.8b

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

CellaVision

Market Cap: SEK 3.7b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

ProCredit Holding

Market Cap: €503.6m

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

North East Rubber

Market Cap: ฿9.1b

Manufactures and sells rubber products in Thailand.

Cirrus Aircraft

Market Cap: HK$14.7b

Manufactures and sells piston aircraft and single-engine turbine jets worldwide.

Consun Pharmaceutical Group

Market Cap: HK$13.3b

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

Voxel

Market Cap: zł1.1b

Provides medical services in Poland.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

McBride

Market Cap: UK£286.7m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Quad/Graphics

Market Cap: US$394.1m

Provides marketing solutions in North America, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, South America, and Asia.

Norwegian Air Shuttle

Market Cap: NOK 14.2b

Provides air travel services in Norway and internationally.

Aviat Networks

Market Cap: US$289.8m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

Martinrea International

Market Cap: CA$680.3m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Gibraltar Industries

Market Cap: US$1.1b

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

Village Farms International

Market Cap: US$330.3m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Nagarro

Market Cap: €609.5m

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

Grupo SBF

Market Cap: R$2.8b

Engages in the sale of sporting goods and leisure products in Brazil.

Hugel

Market Cap: ₩2.9t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Morimatsu International Holdings

Market Cap: HK$8.3b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Luk Fook Holdings (International)

Market Cap: HK$13.2b

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.

ASROCK Incorporation

Market Cap: NT$28.5b

Designs, develops, and sells motherboards in Asia, Europe, America, and internationally.

Unidata

Market Cap: €87.7m

Provides fiber and networking, cloud and data center, and IoT and smart solutions in Italy.

Foresight Group Holdings

Market Cap: UK£459.6m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Murapol

Market Cap: zł1.7b

Engages in residential real estate development buisness in Poland.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Tracsis

Market Cap: UK£96.0m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Prosegur Cash

Market Cap: €931.6m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally.

Detection Technology Oyj

Market Cap: €143.9m

Engages in the provision of X-ray detector solutions for industrial, medical, and security applications in Finland and internationally.