Global Undervalued Small Caps

Thryv Holdings

Market Cap: US$253.2m

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

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.

Firan Technology Group

Market Cap: CA$262.1m

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$516.8m

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

Inspur Digital Enterprise Technology

Market Cap: HK$9.1b

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.

Aurelia Metals

Market Cap: AU$380.8m

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

Assetwise

Market Cap: ฿5.4b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱97.8b

Converge Information and Communications Technology Solutions, Inc.

Security Bank

Market Cap: ₱51.3b

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

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.

KH Neochem

Market Cap: JP¥81.3b

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

SILICON2

Market Cap: ₩2.8t

Engages in the distribution of cosmetics products worldwide.

Hu Lane Associate

Market Cap: NT$14.8b

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

Shofu

Market Cap: JP¥65.6b

Manufactures and sells dental materials and equipment worldwide.

Tristel

Market Cap: UK£171.9m

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

CellaVision

Market Cap: SEK 3.7b

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

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.

SMU

Market Cap: CL$872.5b

Operates as a food retailer in Chile and Peru.

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.

Grupa Pracuj

Market Cap: zł3.6b

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

Altea Green Power

Market Cap: €110.1m

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

Kaufman & Broad

Market Cap: €557.0m

Operates as a property developer and builder in France.

Aviat Networks

Market Cap: US$276.6m

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$385.2m

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.

STI

Market Cap: ₩353.7b

Operates in the semiconductor equipment industry in Korea.

Consun Pharmaceutical Group

Market Cap: HK$12.0b

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

Visco Vision

Market Cap: NT$10.6b

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

British American Tobacco Bangladesh

Market Cap: ৳136.0b

Manufactures and sells cigarettes in Bangladesh.

Krsnaa Diagnostics

Market Cap: ₹26.6b

Provides diagnostic services in India.

Windey Energy Technology Group

Market Cap: CN¥13.2b

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

Serabi Gold

Market Cap: UK£196.9m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Cairn Homes

Market Cap: UK£1.0b

Operates as homebuilder in Ireland.

Palfinger

Market Cap: €1.1b

Produces and sells crane and lifting solutions in Austria and internationally.

Afentra

Market Cap: UK£101.8m

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