Global Undervalued Small Caps

FirstSun Capital Bancorp

Market Cap: US$1.0b

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 the United States.

Grupa Pracuj

Market Cap: zł2.5b

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

LiveRamp Holdings

Market Cap: US$1.6b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Bytes Technology Group

Market Cap: UK£618.8m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

ProCredit Holding

Market Cap: €424.1m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Tristel

Market Cap: UK£177.3m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Embla Medical hf

Market Cap: DKK 11.1b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Orion Group Holdings

Market Cap: US$436.1m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

FRP Advisory Group

Market Cap: UK£259.7m

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

CellaVision

Market Cap: SEK 3.5b

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.7b

Develops and builds residential and non-residential properties primarily in Brazil.

Trisul

Market Cap: R$1.3b

Engages in the construction and development of real estate properties in Brazil.

Inspur Digital Enterprise Technology

Market Cap: HK$3.6b

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.

Zevra Therapeutics

Market Cap: US$551.9m

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

Converge Information and Communications Technology Solutions

Market Cap: ₱92.0b

Converge Information and Communications Technology Solutions, Inc.

Duc Giang Chemicals Group

Market Cap: ₫19.7t

Manufactures industrial products in Vietnam.

Indegene

Market Cap: ₹108.5b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Aux Electric

Market Cap: HK$14.6b

Engages in the manufacturing, sales, and marketing of air conditioners.

Security Bank

Market Cap: ₱50.1b

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

NSL Foods

Market Cap: ฿6.6b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Future

Market Cap: JP¥142.4b

Provides IT consulting and services primarily in Japan.

Mensch und Maschine Software

Market Cap: €549.1m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

Telecom Plus

Market Cap: UK£1.0b

Provides utility services in the United Kingdom.

Voxel

Market Cap: zł1.2b

Provides medical services in Poland.

Flotek Industries

Market Cap: US$630.4m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Nagarro

Market Cap: €562.1m

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

J.Jill

Market Cap: US$232.0m

Operates as an omnichannel retailer for women’s apparel in the United States.

Ependion

Market Cap: SEK 3.0b

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

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Grupo SBF

Market Cap: R$2.5b

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

Hacksaw

Market Cap: SEK 16.3b

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

Gibraltar Industries

Market Cap: US$1.2b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Boozt

Market Cap: SEK 5.2b

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

Village Farms International

Market Cap: US$314.2m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Precision Tsugami (China)

Market Cap: HK$13.0b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.