Global Undervalued Small Caps

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.

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.

Boa Safra Sementes

Market Cap: R$1.1b

Produces and sells soybean seeds in Brazil.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.7b

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

Trisul

Market Cap: R$1.3b

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

Zevra Therapeutics

Market Cap: US$537.2m

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

Orion Group Holdings

Market Cap: US$455.7m

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

Duc Giang Chemicals Group

Market Cap: ₫19.9t

Manufactures industrial products in Vietnam.

Security Bank

Market Cap: ₱50.3b

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

Cheerwin Group

Market Cap: HK$3.1b

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.

Future

Market Cap: JP¥141.1b

Provides IT consulting and services primarily in Japan.

SILICON2

Market Cap: ₩2.2t

Engages in the distribution of cosmetics products worldwide.

NSL Foods

Market Cap: ฿6.6b

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

Inspur Digital Enterprise Technology

Market Cap: HK$3.7b

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$14.9b

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

Bytes Technology Group

Market Cap: UK£630.2m

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

ProCredit Holding

Market Cap: €455.9m

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

FRP Advisory Group

Market Cap: UK£263.9m

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

CellaVision

Market Cap: SEK 3.5b

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

Embla Medical hf

Market Cap: DKK 11.4b

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

Tristel

Market Cap: UK£178.5m

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

Grupa Pracuj

Market Cap: zł2.6b

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

Indegene

Market Cap: ₹110.5b

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

Vikram Solar

Market Cap: ₹70.7b

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

Village Farms International

Market Cap: US$323.4m

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

Flotek Industries

Market Cap: US$614.1m

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

Telecom Plus

Market Cap: UK£1.0b

Provides utility services in the United Kingdom.

Grupo SBF

Market Cap: R$2.5b

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

Gibraltar Industries

Market Cap: US$1.2b

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

Mensch und Maschine Software

Market Cap: €555.7m

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.

Spinneys 1961 Holding

Market Cap: د.إ4.6b

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.

AEON Credit Service (M) Berhad

Market Cap: RM 2.7b

Provides consumer financial services in Malaysia.

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.

Lifedrink Company

Market Cap: JP¥55.0b

Manufactures and sells soft drinks in Japan.

Precision Tsugami (China)

Market Cap: HK$12.8b

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

North East Rubber

Market Cap: ฿8.8b

Manufactures and sells rubber products in Thailand.