Global Undervalued Small Caps

ADENTRA

Market Cap: CA$739.3m

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.

ACM Research

Market Cap: US$1.8b

Develops, manufactures, and sells capital equipment worldwide.

Austevoll Seafood

Market Cap: NOK 19.3b

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.

CLIO CosmeticsLtd

Market Cap: ₩281.1b

Provides makeup products in South Korea and internationally.

Austriacard Holdings

Market Cap: €193.2m

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.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.6b

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$8.3b

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.

Gamma Communications

Market Cap: UK£1.0b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.8b

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

MC Group

Market Cap: ฿7.7b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

ProCredit Holding

Market Cap: €572.5m

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

Security Bank

Market Cap: ₱57.1b

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

Shenzhen KSTAR Science and Technology

Market Cap: CN¥13.2b

Shenzhen KSTAR Science and Technology Co., Ltd.

North East Rubber

Market Cap: ฿7.6b

Manufactures and sells rubber products in Thailand.

STI

Market Cap: ₩265.7b

Operates in the semiconductor equipment industry in Korea.

Furuya Metal

Market Cap: JP¥61.6b

Manufactures and sells industrial-use precious metal products and temperature sensors in Japan.

Visco Vision

Market Cap: NT$10.4b

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

SBO

Market Cap: €472.0m

Manufactures and sells steel products worldwide.

Serabi Gold

Market Cap: UK£130.6m

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

Nagarro

Market Cap: €748.2m

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

Avidbank Holdings

Market Cap: US$165.3m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

Ibotta

Market Cap: US$1.0b

A technology company, provides digital promotion services to clients in the United States.

Verint Systems

Market Cap: US$1.3b

Provides customer engagement solutions worldwide.

Australian Clinical Labs

Market Cap: AU$538.3m

Provides pathology diagnostic services in Australia.

Hansae

Market Cap: ₩436.8b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Yizumi Holdings

Market Cap: CN¥9.3b

Designs, researches and develops, manufactures, sells, and services various molding machines in China and internationally.

Synektik Spólka Akcyjna

Market Cap: zł1.7b

Provides products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine applications in Poland.

Italian Sea Group

Market Cap: €307.9m

Operates in the yachting industry.

Breedon Group

Market Cap: UK£1.3b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Lindsay Australia

Market Cap: AU$258.3m

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

HCI Group

Market Cap: US$1.7b

Engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in the United States.

Opera

Market Cap: US$1.7b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Gambling.com Group

Market Cap: US$421.5m

Operates as a performance marketing company for the online gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally.

Semrush Holdings

Market Cap: US$1.3b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

HDC Hyundai Development

Market Cap: ₩1.5t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

Nilfisk Holding

Market Cap: DKK 2.5b

Develops, manufactures, and sells cleaning solutions and services worldwide.