Global Undervalued Small Caps

Calfrac Well Services

Market Cap: CA$652.7m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Trisul

Market Cap: R$1.0b

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

Iochpe-Maxion

Market Cap: R$1.4b

Produces and sells automotive wheels and structural components in Brazil, North America, South America, Europe, the Middle East, Africa, Asia, and internationally.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.3b

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

Aurelia Metals

Market Cap: AU$474.2m

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

Assetwise

Market Cap: ฿6.1b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.2b

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

Security Bank

Market Cap: ₱50.0b

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

SILICON2

Market Cap: ₩2.1t

Engages in the distribution of cosmetics products worldwide.

Embla Medical hf

Market Cap: DKK 11.3b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥6.5b

Chongqing Baiya Sanitary Products Co., Ltd.

ProCredit Holding

Market Cap: €483.6m

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

Grupa Pracuj

Market Cap: zł3.0b

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

CellaVision

Market Cap: SEK 3.2b

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

Betterware de MéxicoP.I. de

Market Cap: US$665.2m

Operates as a direct-to-consumer selling company in the United States and Mexico.

Parex Resources

Market Cap: CA$2.1b

Engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.

Grupo SBF

Market Cap: R$2.3b

Engages in the sale of sporting goods and leisure products in Brazil.

VSTECS Holdings

Market Cap: HK$12.4b

An investment holding company, develops information technology IT product channel and provides technical solution integration services in North Asia and Southeast Asia.

Consun Pharmaceutical Group

Market Cap: HK$10.8b

Produces and sells pharmaceutical products in Mainland China.

United Electronics

Market Cap: ر.س5.4b

Engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally.

BRC Asia

Market Cap: S$1.2b

Engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally.

McBride

Market Cap: UK£264.0m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

NEUCA

Market Cap: zł3.2b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Village Farms International

Market Cap: US$216.0m

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

Martinrea International

Market Cap: CA$698.0m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Capacit'e Infraprojects

Market Cap: ₹21.7b

Engages in the engineering, procurement, and construction business in India.

Mahindra Logistics

Market Cap: ₹37.0b

Provides integrated logistics solutions in India and internationally.

Hugel

Market Cap: ₩3.0t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Murapol

Market Cap: zł1.6b

Engages in residential real estate development buisness in Poland.

SDI Group

Market Cap: UK£91.6m

Designs and manufactures scientific and technology products based on digital imaging and sensing and control applications worldwide.

TIMAH

Market Cap: Rp25.9t

Engages in tin mining and smelting operations in Indonesia and internationally.

PC1 Group

Market Cap: ₫9.1t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.

Detection Technology Oyj

Market Cap: €122.8m

Engages in the provision of X-ray detector solutions for industrial, medical, and security applications in Finland and internationally.

DEUTZ

Market Cap: €1.3b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Sylvania Platinum

Market Cap: UK£214.8m

Operates as a producer of platinum group metals including platinum, palladium, and rhodium, and chrome in South Africa.