Global Undervalued Small Caps

Shofu

Market Cap: JP¥65.7b

Manufactures and sells dental materials and equipment worldwide.

Inspur Digital Enterprise Technology

Market Cap: HK$9.0b

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.

Hu Lane Associate

Market Cap: NT$16.3b

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

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

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.

Security Bank

Market Cap: ₱52.9b

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

KH Neochem

Market Cap: JP¥84.5b

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

FirstSun Capital Bancorp

Market Cap: US$910.8m

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.

PORR

Market Cap: €999.6m

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

CellaVision

Market Cap: SEK 3.9b

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

Altea Green Power

Market Cap: €107.6m

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

Thryv Holdings

Market Cap: US$272.8m

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

Kaufman & Broad

Market Cap: €553.1m

Operates as a property developer and builder in France.

Plumas Bancorp

Market Cap: US$288.4m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Gamma Communications

Market Cap: UK£891.2m

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

Assetwise

Market Cap: ฿5.6b

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

Firan Technology Group

Market Cap: CA$280.9m

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

Converge Information and Communications Technology Solutions

Market Cap: ₱91.2b

Converge Information and Communications Technology Solutions, Inc.

Zevra Therapeutics

Market Cap: US$496.0m

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

Propel Holdings

Market Cap: CA$837.5m

Operates as a financial technology company.

Apeejay Surrendra Park Hotels

Market Cap: ₹31.6b

Owns and operates hotels in India.

Aurelia Metals

Market Cap: AU$380.8m

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

Visco Vision

Market Cap: NT$12.2b

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

AEON Credit Service (M) Berhad

Market Cap: RM 2.7b

Provides consumer financial services in Malaysia.

Consun Pharmaceutical Group

Market Cap: HK$12.6b

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

British American Tobacco Bangladesh

Market Cap: ৳133.7b

Manufactures and sells cigarettes in Bangladesh.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$3.0b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Legacy Education

Market Cap: US$104.4m

Provides education services to students, high school graduates, and working parents in the United States.

Palfinger

Market Cap: €1.1b

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

Aviat Networks

Market Cap: US$292.8m

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

Afentra

Market Cap: UK£101.1m

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

Krsnaa Diagnostics

Market Cap: ₹23.5b

Provides diagnostic services in India.

R&S Group Holding

Market Cap: CHF 682.1m

Manufactures and supplies electrical infrastructure products the United Kingdom, Switzerland, Ireland, Italy, Poland, and the Middle East.

Accent Group

Market Cap: AU$718.4m

Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.

Nagarro

Market Cap: €546.2m

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

Byrna Technologies

Market Cap: US$419.1m

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.