Global Undervalued Small Caps

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.2b

Engages in the research and development, production, and sale of veterinary raw materials, drug preparation, functional additives, and veterinary biological products.

NSL Foods

Market Cap: ฿6.7b

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

Duc Giang Chemicals Group

Market Cap: ₫20.5t

Manufactures industrial products in Vietnam.

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Future

Market Cap: JP¥142.0b

Provides IT consulting and services primarily in Japan.

Indegene

Market Cap: ₹113.4b

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

Security Bank

Market Cap: ₱49.6b

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

LiveRamp Holdings

Market Cap: US$1.7b

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

ProCredit Holding

Market Cap: €441.7m

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

Orion Group Holdings

Market Cap: US$450.5m

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

Grupa Pracuj

Market Cap: zł2.8b

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

CellaVision

Market Cap: SEK 3.6b

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

FRP Advisory Group

Market Cap: UK£275.4m

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

Bytes Technology Group

Market Cap: UK£688.3m

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

Trisul

Market Cap: R$1.4b

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.8b

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

Zevra Therapeutics

Market Cap: US$552.5m

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

North East Rubber

Market Cap: ฿9.1b

Manufactures and sells rubber products in Thailand.

Cirrus Aircraft

Market Cap: HK$14.0b

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

Consun Pharmaceutical Group

Market Cap: HK$14.4b

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

Flotek Industries

Market Cap: US$585.2m

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

United Electronics

Market Cap: ر.س6.0b

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.

Energy Recovery

Market Cap: US$539.9m

Designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe.

Martinrea International

Market Cap: CA$673.6m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Village Farms International

Market Cap: US$316.5m

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

Aviat Networks

Market Cap: US$253.8m

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

Nagarro

Market Cap: €584.4m

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

Ependion

Market Cap: SEK 3.1b

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

Voxel

Market Cap: zł987.2m

Provides medical services in Poland.

Equasens Société anonyme

Market Cap: €571.2m

Provides healthcare IT solutions in Europe.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

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.

Grupo SBF

Market Cap: R$2.7b

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

Hacksaw

Market Cap: SEK 17.8b

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

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.