Global Undervalued Small Caps

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.0b

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

Gamma Communications

Market Cap: UK£851.7m

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

Future

Market Cap: JP¥175.8b

Provides IT consulting and services primarily in Japan.

Assetwise

Market Cap: ฿5.4b

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

Tennant

Market Cap: US$1.3b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Kaufman & Broad

Market Cap: €586.4m

Operates as a property developer and builder in France.

Zevra Therapeutics

Market Cap: US$504.4m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

Grupa Pracuj

Market Cap: zł3.2b

Operates HR technology platform in Poland, Ukraine, and Germany.

Altea Green Power

Market Cap: €126.0m

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

Thryv Holdings

Market Cap: US$263.6m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Firan Technology Group

Market Cap: CA$290.8m

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

Aurelia Metals

Market Cap: AU$423.1m

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

Iochpe-Maxion

Market Cap: R$1.5b

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

Construtora Tenda

Market Cap: R$3.0b

Operates as a construction company in Brazil.

Hu Lane Associate

Market Cap: NT$15.1b

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

Security Bank

Market Cap: ₱49.5b

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

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Inspur Digital Enterprise Technology

Market Cap: HK$8.2b

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.

Afentra

Market Cap: UK£93.6m

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

British American Tobacco Bangladesh

Market Cap: ৳135.0b

Manufactures and sells cigarettes in Bangladesh.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Heidelberger Druckmaschinen

Market Cap: €617.8m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Aviat Networks

Market Cap: US$274.5m

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

J.Jill

Market Cap: US$207.4m

Operates as an omnichannel retailer for women’s apparel in the United States.

Voxel

Market Cap: zł1.3b

Provides medical services in Poland.

Palfinger

Market Cap: €1.3b

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

Italian Exhibition Group

Market Cap: €268.2m

Italian Exhibition Group S.p.A. organizes and operates exhibitions Italy and internationally.

Byrna Technologies

Market Cap: US$381.6m

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.

Grupo SBF

Market Cap: R$2.8b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

Visco Vision

Market Cap: NT$11.0b

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

Rank Group

Market Cap: UK£464.6m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.

Tracsis

Market Cap: UK£90.0m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Auto Partner

Market Cap: zł2.2b

Imports and distributes parts for passenger cars, delivery vans, and motorcycles in Poland.

Unidata

Market Cap: €87.6m

Operates as an Internet service provider in Italy.

Murapol

Market Cap: zł1.6b

Engages in residential real estate development buisness in Poland.