Global Undervalued Small Caps

Hu Lane Associate

Market Cap: NT$16.4b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

KH Neochem

Market Cap: JP¥97.0b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Hyosung TNC

Market Cap: ₩977.5b

Manufactures and sells fiber in South Korea and internationally.

CLIO CosmeticsLtd

Market Cap: ₩255.9b

Provides makeup products in South Korea and internationally.

Austevoll Seafood

Market Cap: NOK 19.7b

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.

ProCredit Holding

Market Cap: €544.2m

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

Austriacard Holdings

Market Cap: €205.4m

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.

CellaVision

Market Cap: SEK 3.8b

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

Gooch & Housego

Market Cap: UK£135.6m

Engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally.

Plumas Bancorp

Market Cap: US$287.7m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.6b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Converge Information and Communications Technology Solutions

Market Cap: ₱109.0b

Converge Information and Communications Technology Solutions, Inc.

Firan Technology Group

Market Cap: CA$304.1m

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

Business First Bancshares

Market Cap: US$704.0m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Foxsemicon Integrated Technology

Market Cap: NT$31.6b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Security Bank

Market Cap: ₱53.2b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

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

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Krsnaa Diagnostics

Market Cap: ₹25.6b

Provides diagnostic services in India.

Warpaint London

Market Cap: UK£252.1m

Produces and sells cosmetics.

RVRC Holding

Market Cap: SEK 4.9b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

Nagarro

Market Cap: €665.4m

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

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

Byrna Technologies

Market Cap: US$435.5m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Australian Clinical Labs

Market Cap: AU$524.7m

Provides pathology diagnostic services in Australia.

Yamaichi ElectronicsLtd

Market Cap: JP¥57.5b

Manufactures and sells test, connector, and optical-related products in Japan and internationally.

Xiaocaiyuan International Holding

Market Cap: HK$12.3b

An investment holding company, engages in the restaurant business in the People’s Republic of China.

Truecaller

Market Cap: SEK 16.2b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Lindsay Australia

Market Cap: AU$280.1m

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

Bird Construction

Market Cap: CA$1.4b

Provides construction services in Canada.

SISB

Market Cap: ฿14.4b

Provides educational services in Thailand.

Materials Analysis Technology

Market Cap: NT$12.4b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.

AdaptHealth

Market Cap: US$1.3b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

M1 Kliniken

Market Cap: €259.8m

Provides aesthetic medicine and plastic surgery services in Germany, Austria, the Netherlands, Switzerland, the United Kingdom, Croatia, Hungary, Bulgaria, Romania, and Australia.

Prosegur Cash

Market Cap: €1.1b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

DCB Bank

Market Cap: ₹38.1b

Provides various banking and financial products and services in India.