Global Undervalued Small Caps

Austriacard Holdings

Market Cap: €193.9m

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.

Trican Well Service

Market Cap: CA$964.9m

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

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.

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.

ProCredit Holding

Market Cap: €551.3m

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

ADENTRA

Market Cap: CA$739.0m

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.

Iochpe-Maxion

Market Cap: R$2.0b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

ACM Research

Market Cap: US$1.8b

Develops, manufactures, and sells capital equipment worldwide.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.2b

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

CLIO CosmeticsLtd

Market Cap: ₩277.2b

Provides makeup products in South Korea and internationally.

Security Bank

Market Cap: ₱55.8b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.5b

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.

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: ฿7.8b

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

SBO

Market Cap: €464.9m

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft manufactures and sells steel products worldwide.

Nagarro

Market Cap: €736.8m

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

STI

Market Cap: ₩273.2b

Operates in the semiconductor equipment industry in Korea.

Infomedia

Market Cap: AU$475.5m

A technology company, develops and supplies electronic parts catalogues, service quoting software, and e-commerce solutions for the automotive industry worldwide.

Shenzhen KSTAR Science and Technology

Market Cap: CN¥13.0b

Shenzhen KSTAR Science and Technology Co., Ltd.

Furuya Metal

Market Cap: JP¥59.2b

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

Visco Vision

Market Cap: NT$10.9b

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

Serabi Gold

Market Cap: UK£126.9m

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

North East Rubber

Market Cap: ฿7.6b

Manufactures and sells rubber products in Thailand.

United Electronics

Market Cap: ر.س6.7b

Engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia 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.

Avidbank Holdings

Market Cap: US$165.3m

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

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.

Ibotta

Market Cap: US$1.0b

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

Italian Sea Group

Market Cap: €307.9m

Operates in the yachting industry.

Yizumi Holdings

Market Cap: CN¥9.3b

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

Australian Clinical Labs

Market Cap: AU$532.5m

Provides pathology diagnostic services in Australia.

Verint Systems

Market Cap: US$1.3b

Provides customer engagement solutions worldwide.

Lindsay Australia

Market Cap: AU$261.9m

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

Fine Foods & Pharmaceuticals N.T.M

Market Cap: €195.9m

Fine Foods & Pharmaceuticals N.T.M. S.p.A.

M1 Kliniken

Market Cap: €278.7m

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