Global Undervalued Small Caps

Converge Information and Communications Technology Solutions

Market Cap: ₱92.0b

Converge Information and Communications Technology Solutions, Inc.

Indegene

Market Cap: ₹108.5b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Security Bank

Market Cap: ₱50.1b

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

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Future

Market Cap: JP¥142.4b

Provides IT consulting and services primarily in Japan.

FirstSun Capital Bancorp

Market Cap: US$1.0b

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 the United States.

FRP Advisory Group

Market Cap: UK£259.7m

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

Tristel

Market Cap: UK£177.3m

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

Orion Group Holdings

Market Cap: US$436.1m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

Embla Medical hf

Market Cap: DKK 11.1b

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

ProCredit Holding

Market Cap: €424.1m

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

Zevra Therapeutics

Market Cap: US$537.8m

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

Bytes Technology Group

Market Cap: UK£618.8m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$3.6b

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.

Aux Electric

Market Cap: HK$14.6b

Engages in the manufacturing, sales, and marketing of air conditioners.

Trisul

Market Cap: R$1.3b

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.7b

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

Duc Giang Chemicals Group

Market Cap: ₫19.7t

Manufactures industrial products in Vietnam.

LiveRamp Holdings

Market Cap: US$1.6b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Grupa Pracuj

Market Cap: zł2.5b

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

NSL Foods

Market Cap: ฿6.6b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

AEON Credit Service (M) Berhad

Market Cap: RM 2.7b

Provides consumer financial services in Malaysia.

Lifedrink Company

Market Cap: JP¥56.9b

Manufactures and sells soft drinks in Japan.

Nagarro

Market Cap: €562.1m

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

Ependion

Market Cap: SEK 3.0b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

North East Rubber

Market Cap: ฿9.0b

Manufactures and sells rubber products in Thailand.

Village Farms International

Market Cap: US$308.5m

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

Spinneys 1961 Holding

Market Cap: د.إ4.5b

Through its subsidiaries, engages in the operation of supermarkets under the Spinneys, Waitrose, and Al Fair brands in the United Arab Emirates, the Sultanate of Oman, the Kingdom of Saudi Arabia, and internationally.

Mensch und Maschine Software

Market Cap: €549.1m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

Flotek Industries

Market Cap: US$629.3m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Voxel

Market Cap: zł1.2b

Provides medical services in Poland.

Hacksaw

Market Cap: SEK 16.3b

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

Grupo SBF

Market Cap: R$2.5b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

Cirrus Aircraft

Market Cap: HK$13.7b

Manufactures and sells piston aircraft and single-engine turbine jets worldwide.

Precision Tsugami (China)

Market Cap: HK$13.0b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.