Global Undervalued Small Caps

CellaVision

Market Cap: SEK 4.0b

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

Austriacard Holdings

Market Cap: €201.6m

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.

Gamma Communications

Market Cap: UK£861.8m

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

Kaufman & Broad

Market Cap: €586.4m

Operates as a property developer and builder in France.

Altea Green Power

Market Cap: €113.1m

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

Thryv Holdings

Market Cap: US$244.9m

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

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.

KH Neochem

Market Cap: JP¥85.8b

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

Zevra Therapeutics

Market Cap: US$484.2m

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

Aurelia Metals

Market Cap: AU$397.8m

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

Shofu

Market Cap: JP¥66.6b

Manufactures and sells dental materials and equipment worldwide.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

FirstSun Capital Bancorp

Market Cap: US$945.4m

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.

Firan Technology Group

Market Cap: CA$271.6m

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.9b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱108.0b

Converge Information and Communications Technology Solutions, Inc.

Hu Lane Associate

Market Cap: NT$15.3b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.4b

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.

Security Bank

Market Cap: ₱51.8b

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

Assetwise

Market Cap: ฿5.4b

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

British American Tobacco Bangladesh

Market Cap: ৳137.2b

Manufactures and sells cigarettes in Bangladesh.

Afentra

Market Cap: UK£87.7m

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

Palfinger

Market Cap: €1.2b

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

Heidelberger Druckmaschinen

Market Cap: €570.3m

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.

Colt CZ Group

Market Cap: Kč41.3b

Engages in the production and sale of firearms, ammunition products, and tactical accessories in the Czech Republic, Canada the United States, rest of Europe, Africa, Asia, and internationally.

Byrna Technologies

Market Cap: US$404.3m

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.

Aviat Networks

Market Cap: US$278.7m

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

Serabi Gold

Market Cap: UK£200.7m

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

STI

Market Cap: ₩359.6b

Operates in the semiconductor equipment industry in Korea.

Windey Energy Technology Group

Market Cap: CN¥13.4b

Researches, develops, manufactures, and sells wind turbines in China.

Visco Vision

Market Cap: NT$11.1b

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

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.

Tracsis

Market Cap: UK£102.6m

Provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industries 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: €92.1m

Operates as an Internet service provider in Italy.

Rank Group

Market Cap: UK£500.6m

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