Global Undervalued Small Caps

Construtora Tenda

Market Cap: R$3.0b

Operates as a construction company in Brazil.

Tennant

Market Cap: US$1.4b

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

Iochpe-Maxion

Market Cap: R$1.5b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Zevra Therapeutics

Market Cap: US$508.4m

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

Thryv Holdings

Market Cap: US$220.1m

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

SKP Resources Bhd

Market Cap: RM 1.0b

Provides electronics manufacturing services (EMS) in Malaysia.

Aurelia Metals

Market Cap: AU$575.5m

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.

Inspur Digital Enterprise Technology

Market Cap: HK$6.4b

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.

Future

Market Cap: JP¥174.0b

Provides IT consulting and services primarily in Japan.

Security Bank

Market Cap: ₱50.8b

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

Hu Lane Associate

Market Cap: NT$14.9b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱112.2b

Converge Information and Communications Technology Solutions, Inc.

Altea Green Power

Market Cap: €147.7m

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

Cheerwin Group

Market Cap: HK$3.2b

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.

FRP Advisory Group

Market Cap: UK£317.7m

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

Kaufman & Broad

Market Cap: €581.5m

Operates as a property developer and builder in France.

Grupa Pracuj

Market Cap: zł3.4b

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

British American Tobacco Bangladesh

Market Cap: ৳143.7b

Manufactures and sells cigarettes in Bangladesh.

Aviat Networks

Market Cap: US$278.1m

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$359.7m

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.

Krsnaa Diagnostics

Market Cap: ₹23.2b

Provides diagnostic services in India.

Hacksaw

Market Cap: SEK 16.2b

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

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Italian Exhibition Group

Market Cap: €276.1m

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

Afentra

Market Cap: UK£93.2m

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

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Hugel

Market Cap: ₩2.8t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Unidata

Market Cap: €104.8m

Operates as an Internet service provider in Italy.

Tracsis

Market Cap: UK£90.0m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

ASROCK Incorporation

Market Cap: NT$28.0b

Designs, develops, and sells motherboards in Asia, Europe, America, and internationally.

Xiaocaiyuan International Holding

Market Cap: HK$10.6b

An investment holding company, engages in the restaurant business in the People’s Republic of China.

Auto Partner

Market Cap: zł2.4b

Imports and distributes parts for passenger cars, delivery vans, and motorcycles in Poland.

Opera

Market Cap: US$1.2b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Vizionfocus

Market Cap: NT$10.5b

Engages in the manufacturing of medical equipment in Taiwan, China, Japan, and the United States.

CAB Cakaran Corporation Berhad

Market Cap: RM 405.6m

Produces and sells food products in Malaysia, Singapore, Hong Kong, Japan, Brunei, Myanmar, and internationally.