Global Undervalued Small Caps

SMU

Market Cap: CL$872.5b

Operates as a food retailer in Chile and Peru.

PORR

Market Cap: €1.1b

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

Tennant

Market Cap: US$1.3b

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

FirstSun Capital Bancorp

Market Cap: US$859.0m

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.

Thryv Holdings

Market Cap: US$245.8m

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

Firan Technology Group

Market Cap: CA$259.3m

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

Propel Holdings

Market Cap: CA$818.2m

Operates as a financial technology company.

Zevra Therapeutics

Market Cap: US$546.1m

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: ₱101.2b

Converge Information and Communications Technology Solutions, Inc.

Aurelia Metals

Market Cap: AU$380.8m

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

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.

Inspur Digital Enterprise Technology

Market Cap: HK$8.9b

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: ₱51.5b

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

Shofu

Market Cap: JP¥65.7b

Manufactures and sells dental materials and equipment worldwide.

Hu Lane Associate

Market Cap: NT$15.1b

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

Assetwise

Market Cap: ฿5.4b

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

KH Neochem

Market Cap: JP¥81.9b

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

Gamma Communications

Market Cap: UK£844.2m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.6b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

CellaVision

Market Cap: SEK 3.7b

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

SILICON2

Market Cap: ₩2.9t

Engages in the distribution of cosmetics products worldwide.

Kaufman & Broad

Market Cap: €557.0m

Operates as a property developer and builder in France.

Altea Green Power

Market Cap: €110.1m

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

Tristel

Market Cap: UK£171.9m

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

Turtle Beach

Market Cap: US$267.1m

Operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific.

Aviat Networks

Market Cap: US$267.9m

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

Byrna Technologies

Market Cap: US$392.9m

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.

Flotek Industries

Market Cap: US$428.6m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Visco Vision

Market Cap: NT$10.8b

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

Windey Energy Technology Group

Market Cap: CN¥13.2b

Researches, develops, manufactures, and sells wind turbines in China.

British American Tobacco Bangladesh

Market Cap: ৳134.7b

Manufactures and sells cigarettes in Bangladesh.

Krsnaa Diagnostics

Market Cap: ₹26.5b

Provides diagnostic services in India.

STI

Market Cap: ₩367.7b

Operates in the semiconductor equipment industry in Korea.

Consun Pharmaceutical Group

Market Cap: HK$12.2b

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

Italian Exhibition Group

Market Cap: €244.4m

Italian Exhibition Group S.p.A. organizes and operates exhibitions Italy and internationally.

SBO

Market Cap: €442.1m

Manufactures and sells steel products worldwide.