Global Undervalued Small Caps

Indegene

Market Cap: ₹106.4b

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

Vikram Solar

Market Cap: ₹67.0b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Fauji Cement

Market Cap: PK₨96.7b

Engages in the manufacturing and selling of various types of cement in Pakistan.

FRP Advisory Group

Market Cap: UK£262.1m

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

FirstSun Capital Bancorp

Market Cap: US$979.6m

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.

LiveRamp Holdings

Market Cap: US$1.8b

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

Altea Green Power

Market Cap: €122.7m

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

Bilia

Market Cap: SEK 11.6b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxemburg, and Belgium.

Grupa Pracuj

Market Cap: zł2.7b

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

Orion Group Holdings

Market Cap: US$434.9m

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

Zevra Therapeutics

Market Cap: US$611.2m

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

Future

Market Cap: JP¥144.5b

Provides IT consulting and services primarily in Japan.

Lavvi Empreendimentos Imobiliários

Market Cap: R$3.1b

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

Trisul

Market Cap: R$1.4b

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

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

SILICON2

Market Cap: ₩2.2t

Engages in the distribution of cosmetics products worldwide.

Security Bank

Market Cap: ₱51.5b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱97.5b

Converge Information and Communications Technology Solutions, Inc.

Inspur Digital Enterprise Technology

Market Cap: HK$4.4b

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.

North East Rubber

Market Cap: ฿8.8b

Manufactures and sells rubber products in Thailand.

United Electronics

Market Cap: ر.س5.9b

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.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Gibraltar Industries

Market Cap: US$1.3b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Boozt

Market Cap: SEK 5.4b

Sells fashion, apparel, shoes, accessories, kids, home, sports, and beauty products online.

Ependion

Market Cap: SEK 3.1b

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

Grupo SBF

Market Cap: R$2.4b

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

Nagarro

Market Cap: €642.2m

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

Voxel

Market Cap: zł1.3b

Provides medical services in Poland.

Warpaint London

Market Cap: UK£172.1m

Produces and sells cosmetics.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹123.3b

Engages in the manufacture, trade, and sale of bulk chemicals in India.

Tracsis

Market Cap: UK£92.3m

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.

Murapol

Market Cap: zł1.6b

Engages in residential real estate development buisness in Poland.

Auto Partner

Market Cap: zł2.3b

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

Central Asia Metals

Market Cap: UK£305.7m

Operates as a base metals producer.

Foresight Group Holdings

Market Cap: UK£439.7m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.