Global Undervalued Small Caps

Security Bank

Market Cap: ₱48.9b

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

NSL Foods

Market Cap: ฿6.5b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

SaizeriyaLtd

Market Cap: JP¥249.6b

Operates restaurants in Japan, Australia, Indonesia and Asia.

Chongqing Baiya Sanitary Products

Market Cap: CN¥8.0b

Chongqing Baiya Sanitary Products Co., Ltd.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.2b

Engages in the research and development, production, and sale of veterinary raw materials, pharmaceutical preparation, functional additives, and veterinary biological products.

CellaVision

Market Cap: SEK 2.9b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Duc Giang Chemicals Group

Market Cap: ₫20.4t

Manufactures industrial products in Vietnam.

FRP Advisory Group

Market Cap: UK£287.5m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

ProCredit Holding

Market Cap: €481.8m

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

FirstSun Capital Bancorp

Market Cap: US$991.2m

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 the United States.

Trisul

Market Cap: R$1.1b

Engages in the construction and development of real estate properties in Brazil.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.5b

Develops and builds residential and non-residential properties primarily in Brazil.

Bytes Technology Group

Market Cap: UK£711.9m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

LiveRamp Holdings

Market Cap: US$1.9b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Aurelia Metals

Market Cap: AU$491.1m

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

Cirrus Aircraft

Market Cap: HK$14.0b

Manufactures and sells piston aircraft and single-engine turbine jets worldwide.

VSTECS Holdings

Market Cap: HK$14.6b

An investment holding company, develops information technology IT product channel and provides technical solution integration services in North Asia and Southeast Asia.

Consun Pharmaceutical Group

Market Cap: HK$13.6b

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

Martinrea International

Market Cap: CA$675.6m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Gibraltar Industries

Market Cap: US$1.1b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

McBride

Market Cap: UK£273.9m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

AddLife

Market Cap: SEK 17.4b

Provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries.

Grupo SBF

Market Cap: R$2.3b

Engages in the sale of sporting goods and leisure products in Brazil.

Legacy Education

Market Cap: US$142.3m

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

Voxel

Market Cap: zł1.0b

Provides medical services in Poland.

Telecom Plus

Market Cap: UK£934.1m

Provides utility services in the United Kingdom.

Equasens Société anonyme

Market Cap: €563.7m

Provides healthcare IT solutions in Europe.

Aviat Networks

Market Cap: US$277.3m

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

Village Farms International

Market Cap: US$324.6m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Nagarro

Market Cap: €538.2m

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

Luk Fook Holdings (International)

Market Cap: HK$13.1b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

Hugel

Market Cap: ₩2.7t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

ASROCK Incorporation

Market Cap: NT$29.1b

Designs, develops, and sells motherboards in Asia, Europe, America, and internationally.

Aegean Airlines

Market Cap: €1.0b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Foresight Group Holdings

Market Cap: UK£451.8m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

PC1 Group

Market Cap: ₫8.0t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.