Global Undervalued Small Caps

74Software

Market Cap: €913.1m

Operates as a software company in France.

Grupa Pracuj

Market Cap: zł3.0b

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

FRP Advisory Group

Market Cap: UK£309.2m

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

Iochpe-Maxion

Market Cap: R$1.6b

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

FirstSun Capital Bancorp

Market Cap: US$1.1b

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.

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.

Construtora Tenda

Market Cap: R$4.1b

Operates as a construction company in Brazil.

Zevra Therapeutics

Market Cap: US$495.4m

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

Altea Green Power

Market Cap: €135.7m

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

Security Bank

Market Cap: ₱54.0b

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

Aurelia Metals

Market Cap: AU$516.2m

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

Future

Market Cap: JP¥159.3b

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.

Converge Information and Communications Technology Solutions

Market Cap: ₱102.7b

Converge Information and Communications Technology Solutions, Inc.

Vikram Solar

Market Cap: ₹67.8b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

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.

Boozt

Market Cap: SEK 5.4b

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

Grupo SBF

Market Cap: R$2.8b

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

Warpaint London

Market Cap: UK£212.5m

Produces and sells cosmetics.

Hacksaw

Market Cap: SEK 15.8b

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

Auto Partner

Market Cap: zł2.3b

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

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.

Community West Bancshares

Market Cap: US$468.7m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

Unidata

Market Cap: €98.5m

Operates as an Internet service provider in Italy.

ASROCK Incorporation

Market Cap: NT$27.3b

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

Foresight Group Holdings

Market Cap: UK£466.8m

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

Hugel

Market Cap: ₩2.8t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Xiaocaiyuan International Holding

Market Cap: HK$10.2b

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

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.

Nolato

Market Cap: SEK 13.8b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

New Wave Group

Market Cap: SEK 13.3b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally.

Storytel

Market Cap: SEK 6.2b

Provides audiobooks and e-books streaming services.

CPH Group

Market Cap: CHF 383.7m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Sylvamo

Market Cap: US$1.9b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Opera

Market Cap: US$1.1b

Provides mobile and PC web browsers and related products and services in Norway and internationally.