Global Undervalued Small Caps

Limbach Holdings

Market Cap: US$1.1b

Operates as a building systems solution company in the United States.

Firan Technology Group

Market Cap: CA$274.4m

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

FirstSun Capital Bancorp

Market Cap: US$932.9m

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.

SILICON2

Market Cap: ₩2.8t

Engages in the distribution of cosmetics products worldwide.

Hu Lane Associate

Market Cap: NT$15.7b

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

Apeejay Surrendra Park Hotels

Market Cap: ₹32.2b

Owns and operates hotels in India.

Inspur Digital Enterprise Technology

Market Cap: HK$9.1b

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.

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

KH Neochem

Market Cap: JP¥96.6b

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

Assetwise

Market Cap: ฿5.6b

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

Austriacard Holdings

Market Cap: €177.5m

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.

AKVA group

Market Cap: NOK 3.4b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Aurelia Metals

Market Cap: AU$414.7m

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

Kaufman & Broad

Market Cap: €571.7m

Operates as a property developer and builder in France.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Gamma Communications

Market Cap: UK£930.8m

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

Altea Green Power

Market Cap: €120.9m

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

Security Bank

Market Cap: ₱52.4b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱92.4b

Converge Information and Communications Technology Solutions, Inc.

Legacy Education

Market Cap: US$114.9m

Provides education services to students, high school graduates, and working parents in the United States.

CorMedix

Market Cap: US$886.1m

A biopharmaceutical company, focuses on developing and commercializing therapeutic products for life-threatening diseases and conditions in the United States.

Byrna Technologies

Market Cap: US$449.1m

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.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$2.9b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Consun Pharmaceutical Group

Market Cap: HK$12.7b

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

Krsnaa Diagnostics

Market Cap: ₹25.2b

Provides diagnostic services in India.

Accent Group

Market Cap: AU$769.5m

Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.

Nagarro

Market Cap: €608.9m

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

Afentra

Market Cap: UK£101.8m

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

Mensch und Maschine Software

Market Cap: €705.9m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

Palfinger

Market Cap: €1.2b

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

Serabi Gold

Market Cap: UK£179.9m

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

Cairn Homes

Market Cap: UK£1.1b

Operates as homebuilder in Ireland.

R&S Group Holding

Market Cap: CHF 993.0m

Manufactures and supplies electrical infrastructure products the United Kingdom, Switzerland, Ireland, Italy, Poland, and the Middle East.

Northpointe Bancshares

Market Cap: US$544.7m

Operates as the bank holding company for Northpointe Bank provides various banking products and services in the United States.

Bird Construction

Market Cap: CA$1.7b

Provides construction services in Canada.

China State Construction Development Holdings

Market Cap: HK$2.7b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.