Global Undervalued Small Caps

CLIO CosmeticsLtd

Market Cap: ₩285.1b

Provides makeup products in South Korea and internationally.

MC Group

Market Cap: ฿7.9b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of snack foods in China.

Kaufman & Broad

Market Cap: €607.8m

Operates as a property developer and builder in France.

ProCredit Holding

Market Cap: €574.8m

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

Afry

Market Cap: SEK 17.4b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

Flowco Holdings

Market Cap: US$1.6b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Austevoll Seafood

Market Cap: NOK 18.8b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Gamma Communications

Market Cap: UK£1.0b

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

ADENTRA

Market Cap: CA$751.9m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Austriacard Holdings

Market Cap: €193.9m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Firan Technology Group

Market Cap: CA$287.2m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

GPS Participações e Empreendimentos

Market Cap: R$10.3b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Security Bank

Market Cap: ₱54.9b

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

Hackett Group

Market Cap: US$658.7m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Visco Vision

Market Cap: NT$10.7b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

North East Rubber

Market Cap: ฿7.8b

Manufactures and sells rubber products in Thailand.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

Furuya Metal

Market Cap: JP¥60.7b

Manufactures and sells industrial-use precious metal products and temperature sensors in Japan.

United Electronics

Market Cap: ر.س6.7b

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.

Shenzhen KSTAR Science and Technology

Market Cap: CN¥13.2b

Shenzhen KSTAR Science and Technology Co., Ltd.

Nagarro

Market Cap: €726.0m

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

SBO

Market Cap: €457.8m

Manufactures and sells steel products worldwide.

Serabi Gold

Market Cap: UK£144.7m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Australian Clinical Labs

Market Cap: AU$551.9m

Provides pathology diagnostic services in Australia.

West Holdings

Market Cap: JP¥58.9b

Engages in the renewable energy business in Japan and internationally.

Hansae

Market Cap: ₩430.1b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Breedon Group

Market Cap: UK£1.3b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Italian Sea Group

Market Cap: €298.9m

Operates in the yachting industry.

Ibotta

Market Cap: US$1.0b

A technology company, provides digital promotion services to clients in the United States.

Avidbank Holdings

Market Cap: US$170.6m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

Eastern CompanyE

Market Cap: ج.م96.3b

Manufactures and sells tobacco products in Egypt and internationally.

Synektik Spólka Akcyjna

Market Cap: zł1.7b

Provides products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine applications in Poland.

Vp

Market Cap: UK£225.2m

Provides equipment rental and related services in the United Kingdom and internationally.

Verint Systems

Market Cap: US$1.2b

Provides customer engagement solutions worldwide.

Lindsay Australia

Market Cap: AU$261.9m

Provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia.