Global Undervalued Small Caps

Thryv Holdings

Market Cap: US$157.7m

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

Zevra Therapeutics

Market Cap: US$472.9m

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

Cheerwin Group

Market Cap: HK$3.2b

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: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Aurelia Metals

Market Cap: AU$507.8m

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

Security Bank

Market Cap: ₱50.8b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱105.0b

Converge Information and Communications Technology Solutions, Inc.

Future

Market Cap: JP¥155.2b

Provides IT consulting and services primarily in Japan.

Inspur Digital Enterprise Technology

Market Cap: HK$4.9b

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.

FRP Advisory Group

Market Cap: UK£316.5m

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

Altea Green Power

Market Cap: €133.1m

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

74Software

Market Cap: €790.2m

Operates as a software company in France.

Tokai Carbon

Market Cap: JP¥218.5b

Manufactures and sells carbon-related products and services in Japan.

Tennant

Market Cap: US$1.5b

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

Grupa Pracuj

Market Cap: zł3.0b

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

G8 Education

Market Cap: AU$348.4m

Provides early childhood education and care services in Australia.

Warpaint London

Market Cap: UK£173.7m

Produces and sells cosmetics.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Ependion

Market Cap: SEK 3.2b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Hacksaw

Market Cap: SEK 16.0b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Aviat Networks

Market Cap: US$322.0m

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

Grupo SBF

Market Cap: R$2.7b

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

Nagarro

Market Cap: €765.6m

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

Boozt

Market Cap: SEK 5.2b

Sells fashion, apparel, shoes, accessories, kids, home, sports, and beauty products online.

Afentra

Market Cap: UK£118.1m

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

Lagenda Properties Berhad

Market Cap: RM 1.2b

An investment holding company, engages in the property development business in Malaysia.

Hugel

Market Cap: ₩2.7t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Catalyst Metals

Market Cap: AU$2.0b

Engages in the mineral exploration and evaluation in Australia.

Austal

Market Cap: AU$2.0b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Xiaocaiyuan International Holding

Market Cap: HK$10.3b

An investment holding company, engages in the restaurant business in the People’s Republic of China.

Stanmore Resources

Market Cap: AU$2.3b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

ASROCK Incorporation

Market Cap: NT$27.4b

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

Unidata

Market Cap: €101.5m

Operates as an Internet service provider in Italy.

Foresight Group Holdings

Market Cap: UK£469.2m

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

Tracsis

Market Cap: UK£95.2m

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.