Global Undervalued Small Caps

Apeejay Surrendra Park Hotels

Market Cap: ₹31.6b

Owns and operates hotels in India.

Inspur Digital Enterprise Technology

Market Cap: HK$9.0b

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.

Converge Information and Communications Technology Solutions

Market Cap: ₱91.2b

Converge Information and Communications Technology Solutions, Inc.

Assetwise

Market Cap: ฿5.6b

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

KH Neochem

Market Cap: JP¥84.5b

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

Hu Lane Associate

Market Cap: NT$16.3b

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

Gamma Communications

Market Cap: UK£891.2m

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: €107.6m

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

Security Bank

Market Cap: ₱52.9b

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

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.

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Aurelia Metals

Market Cap: AU$380.8m

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

PORR

Market Cap: €999.6m

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

Kaufman & Broad

Market Cap: €553.1m

Operates as a property developer and builder in France.

CellaVision

Market Cap: SEK 3.9b

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

Thryv Holdings

Market Cap: US$299.8m

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

Propel Holdings

Market Cap: CA$853.2m

Operates as a financial technology company.

Zevra Therapeutics

Market Cap: US$510.3m

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

Firan Technology Group

Market Cap: CA$284.5m

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

FirstSun Capital Bancorp

Market Cap: US$932.0m

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.

CorMedix

Market Cap: US$874.4m

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

Consun Pharmaceutical Group

Market Cap: HK$12.6b

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

AEON Credit Service (M) Berhad

Market Cap: RM 2.7b

Provides consumer financial services in Malaysia.

Krsnaa Diagnostics

Market Cap: ₹23.5b

Provides diagnostic services in India.

Visco Vision

Market Cap: NT$12.2b

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

Palfinger

Market Cap: €1.1b

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

Serabi Gold

Market Cap: UK£185.5m

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

R&S Group Holding

Market Cap: CHF 682.1m

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

British American Tobacco Bangladesh

Market Cap: ৳133.7b

Manufactures and sells cigarettes in Bangladesh.

Afentra

Market Cap: UK£101.1m

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

Nagarro

Market Cap: €546.2m

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

Accent Group

Market Cap: AU$718.4m

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

Legacy Education

Market Cap: US$102.4m

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

Byrna Technologies

Market Cap: US$394.5m

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$298.7m

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

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$2.8b

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