Global Undervalued Small Caps

KH Neochem

Market Cap: JP¥97.0b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.6b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Hu Lane Associate

Market Cap: NT$16.4b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of snack foods in China.

CLIO CosmeticsLtd

Market Cap: ₩255.9b

Provides makeup products in South Korea and internationally.

Hyosung TNC

Market Cap: ₩977.5b

Manufactures and sells fiber in South Korea and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.6b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Business First Bancshares

Market Cap: US$720.8m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

ProCredit Holding

Market Cap: €544.2m

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

ADENTRA

Market Cap: CA$850.9m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Austevoll Seafood

Market Cap: NOK 19.7b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

CellaVision

Market Cap: SEK 3.8b

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

Gooch & Housego

Market Cap: UK£135.6m

Engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally.

Austriacard Holdings

Market Cap: €205.4m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Security Bank

Market Cap: ₱53.2b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱109.0b

Converge Information and Communications Technology Solutions, Inc.

Firan Technology Group

Market Cap: CA$306.9m

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

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Krsnaa Diagnostics

Market Cap: ₹25.6b

Provides diagnostic services in India.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

Nagarro

Market Cap: €665.4m

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

RVRC Holding

Market Cap: SEK 4.9b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

Warpaint London

Market Cap: UK£252.1m

Produces and sells cosmetics.

Flotek Industries

Market Cap: US$356.8m

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.

Byrna Technologies

Market Cap: US$450.2m

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.

Yamaichi ElectronicsLtd

Market Cap: JP¥57.5b

Manufactures and sells test, connector, and optical-related products in Japan and internationally.

Australian Clinical Labs

Market Cap: AU$524.7m

Provides pathology diagnostic services in Australia.

Materials Analysis Technology

Market Cap: NT$12.4b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.

AdaptHealth

Market Cap: US$1.3b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

Vp

Market Cap: UK£233.1m

Provides equipment rental and related services in the United Kingdom and internationally.

Truecaller

Market Cap: SEK 16.2b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Bird Construction

Market Cap: CA$1.4b

Provides construction services in Canada.

Lindsay Australia

Market Cap: AU$280.1m

Provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia.

Devsisters

Market Cap: ₩478.1b

Engages in the development of mobile games in South Korea and internationally.

DCB Bank

Market Cap: ₹38.1b

Provides various banking and financial products and services in India.

Prosegur Cash

Market Cap: €1.1b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.