Global Undervalued Small Caps

Vikram Solar

Market Cap: ₹69.7b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱104.1b

Converge Information and Communications Technology Solutions, Inc.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

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.

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.

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.

FRP Advisory Group

Market Cap: UK£310.5m

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

74Software

Market Cap: €907.2m

Operates as a software company in France.

Future

Market Cap: JP¥159.3b

Provides IT consulting and services primarily in Japan.

Grupa Pracuj

Market Cap: zł2.9b

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

Aurelia Metals

Market Cap: AU$490.8m

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

Altea Green Power

Market Cap: €133.5m

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

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.

Security Bank

Market Cap: ₱53.5b

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

Warpaint London

Market Cap: UK£219.7m

Produces and sells cosmetics.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Boozt

Market Cap: SEK 5.4b

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

Hacksaw

Market Cap: SEK 16.0b

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

Ependion

Market Cap: SEK 3.2b

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

G8 Education

Market Cap: AU$348.5m

Provides early childhood education and care services in Australia.

Grupo SBF

Market Cap: R$2.8b

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

ASROCK Incorporation

Market Cap: NT$27.4b

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

Hugel

Market Cap: ₩2.8t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Auto Partner

Market Cap: zł2.3b

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

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.

Unidata

Market Cap: €98.5m

Operates as an Internet service provider in Italy.

Catalyst Metals

Market Cap: AU$2.1b

Engages in the mineral exploration and evaluation in Australia.

Stanmore Resources

Market Cap: AU$2.4b

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

Xiaocaiyuan International Holding

Market Cap: HK$10.0b

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

Foresight Group Holdings

Market Cap: UK£472.5m

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.

Sylvamo

Market Cap: US$1.9b

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

Storytel

Market Cap: SEK 6.3b

Provides audiobooks and e-books streaming services.

YouYou Foods

Market Cap: CN¥5.2b

Provides food products in China.

Nolato

Market Cap: SEK 14.1b

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

CAB Cakaran Corporation Berhad

Market Cap: RM 419.6m

Produces and sells food products in Malaysia, Singapore, Hong Kong, Japan, Brunei, and internationally.