Global Undervalued Small Caps

CellaVision

Market Cap: SEK 3.8b

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

Kaufman & Broad

Market Cap: €564.8m

Operates as a property developer and builder in France.

PORR

Market Cap: €1.0b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Gamma Communications

Market Cap: UK£899.5m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Altea Green Power

Market Cap: €110.3m

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

FirstSun Capital Bancorp

Market Cap: US$910.8m

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 Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

Thryv Holdings

Market Cap: US$272.8m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Plumas Bancorp

Market Cap: US$288.4m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Propel Holdings

Market Cap: CA$837.5m

Operates as a financial technology company.

Zevra Therapeutics

Market Cap: US$512.3m

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

Firan Technology Group

Market Cap: CA$280.9m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

Hu Lane Associate

Market Cap: NT$16.2b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

KH Neochem

Market Cap: JP¥84.8b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Shofu

Market Cap: JP¥65.7b

Manufactures and sells dental materials and equipment worldwide.

Converge Information and Communications Technology Solutions

Market Cap: ₱90.5b

Converge Information and Communications Technology Solutions, Inc.

Security Bank

Market Cap: ₱53.1b

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

Gourmet Master

Market Cap: NT$12.2b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.

Aurelia Metals

Market Cap: AU$397.8m

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

Inspur Digital Enterprise Technology

Market Cap: HK$9.3b

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.

Assetwise

Market Cap: ฿5.6b

Engages in property development and other real estate activities in Thailand.

Apeejay Surrendra Park Hotels

Market Cap: ₹30.9b

Owns and operates hotels in India.

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

British American Tobacco Bangladesh

Market Cap: ৳133.7b

Manufactures and sells cigarettes in Bangladesh.

Nagarro

Market Cap: €552.3m

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

Palfinger

Market Cap: €1.1b

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

Cairn Homes

Market Cap: UK£1.1b

Operates as homebuilder in Ireland.

Afentra

Market Cap: UK£104.9m

Operates as an upstream oil and gas company primarily in Africa.

Legacy Education

Market Cap: US$104.4m

Provides education services to students, high school graduates, and working parents in the United States.

Flotek Industries

Market Cap: US$464.5m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Aviat Networks

Market Cap: US$292.8m

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

Visco Vision

Market Cap: NT$11.4b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$3.0b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Byrna Technologies

Market Cap: US$419.1m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

CorMedix

Market Cap: US$843.0m

A biopharmaceutical company, focuses on developing and commercializing therapeutic products for life-threatening diseases and conditions in the United States.

Serabi Gold

Market Cap: UK£201.5m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.