Global Undervalued Small Caps

Altea Green Power

Market Cap: €122.4m

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

Kaufman & Broad

Market Cap: €579.5m

Operates as a property developer and builder in France.

Gamma Communications

Market Cap: UK£853.5m

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

Thryv Holdings

Market Cap: US$253.6m

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

Tennant

Market Cap: US$1.3b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Plumas Bancorp

Market Cap: US$298.8m

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.

FirstSun Capital Bancorp

Market Cap: US$941.8m

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.

Zevra Therapeutics

Market Cap: US$460.0m

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$279.4m

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

Aurelia Metals

Market Cap: AU$397.8m

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

Future

Market Cap: JP¥176.9b

Provides IT consulting and services primarily in Japan.

KH Neochem

Market Cap: JP¥86.3b

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

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

Security Bank

Market Cap: ₱51.7b

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

Hu Lane Associate

Market Cap: NT$15.6b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.8b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.2b

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: ₱111.8b

Converge Information and Communications Technology Solutions, Inc.

Assetwise

Market Cap: ฿5.4b

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

British American Tobacco Bangladesh

Market Cap: ৳135.5b

Manufactures and sells cigarettes in Bangladesh.

Palfinger

Market Cap: €1.2b

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

Telecom Plus

Market Cap: UK£1.2b

Provides utility services in the United Kingdom.

Afentra

Market Cap: UK£86.2m

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

Voxel

Market Cap: zł1.4b

Provides medical services in Poland.

Italian Exhibition Group

Market Cap: €250.5m

Italian Exhibition Group S.p.A. organizes and operates exhibitions Italy and internationally.

Heidelberger Druckmaschinen

Market Cap: €555.1m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Aviat Networks

Market Cap: US$266.6m

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

Windey Energy Technology Group

Market Cap: CN¥13.8b

Researches, develops, manufactures, and sells wind turbines in China.

STI

Market Cap: ₩375.8b

Operates in the semiconductor equipment industry in Korea.

Visco Vision

Market Cap: NT$10.8b

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

Serabi Gold

Market Cap: UK£221.1m

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

Byrna Technologies

Market Cap: US$411.1m

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.

Consun Pharmaceutical Group

Market Cap: HK$12.6b

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

Tracsis

Market Cap: UK£101.1m

Provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industries in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Unidata

Market Cap: €86.4m

Operates as an Internet service provider in Italy.

Rank Group

Market Cap: UK£480.0m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.