Global Undervalued Small Caps

Hanmi Financial

Market Cap: US$672.5m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

Firan Technology Group

Market Cap: CA$292.0m

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

Austriacard Holdings

Market Cap: €205.7m

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.

ADENTRA

Market Cap: CA$722.7m

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.

Plumas Bancorp

Market Cap: US$278.5m

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.

Business First Bancshares

Market Cap: US$686.2m

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

ProCredit Holding

Market Cap: €539.5m

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

CNB Financial

Market Cap: US$474.1m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Austevoll Seafood

Market Cap: NOK 19.5b

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.

Hackett Group

Market Cap: US$643.8m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

CLIO CosmeticsLtd

Market Cap: ₩252.7b

Provides makeup products in South Korea and internationally.

Chongqing Baiya Sanitary Products

Market Cap: CN¥11.0b

Chongqing Baiya Sanitary Products Co., Ltd.

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

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

Security Bank

Market Cap: ₱58.9b

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

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.

Nagarro

Market Cap: €679.3m

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

Furuya Metal

Market Cap: JP¥63.9b

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

RVRC Holding

Market Cap: SEK 4.9b

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

Alerus Financial

Market Cap: US$532.4m

Operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Italian Sea Group

Market Cap: €290.4m

Operates in the yachting industry.

AdaptHealth

Market Cap: US$1.2b

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

Old Second Bancorp

Market Cap: US$756.9m

Operates as the bank holding company for Old Second National Bank that provides community banking services in the United States.

Hansae

Market Cap: ₩405.2b

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

Yamaichi ElectronicsLtd

Market Cap: JP¥52.5b

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

Bird Construction

Market Cap: CA$1.6b

Provides construction services in Canada.

Lindsay Australia

Market Cap: AU$272.9m

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

Australian Clinical Labs

Market Cap: AU$530.6m

Provides pathology diagnostic services in Australia.

Thaifoods Group

Market Cap: ฿29.7b

Engages in the production and distribution of chicken and swine products in Thailand.

PixArt Imaging

Market Cap: NT$30.3b

Researches, designs, produces, and sells CMOS image sensors and related ICs in Taiwan, Hong Kong, China, Japan, and internationally.

HCI Group

Market Cap: US$1.6b

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

Orange County Bancorp

Market Cap: US$326.2m

Through its subsidiaries, provides commercial and consumer banking products and services.

Qt Group Oyj

Market Cap: €1.4b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

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.

M1 Kliniken

Market Cap: €253.5m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

Gambling.com Group

Market Cap: US$365.3m

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