Global Undervalued Small Caps

Assetwise

Market Cap: ฿5.3b

Engages in property development and other real estate activities in Thailand.

MOIL

Market Cap: ₹66.2b

Engages in the exploration, development, and marketing of various grades of manganese ores in India.

Austriacard Holdings

Market Cap: €203.2m

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.

Plumas Bancorp

Market Cap: US$293.6m

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.

Business First Bancshares

Market Cap: US$744.8m

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

KH Neochem

Market Cap: JP¥97.0b

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

Firan Technology Group

Market Cap: CA$295.8m

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

Foxsemicon Integrated Technology

Market Cap: NT$30.7b

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

Iochpe-Maxion

Market Cap: R$2.0b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Converge Information and Communications Technology Solutions

Market Cap: ₱108.9b

Converge Information and Communications Technology Solutions, Inc.

Jinzai Food GroupLtd

Market Cap: CN¥6.0b

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

CLIO CosmeticsLtd

Market Cap: ₩258.3b

Provides makeup products in South Korea and internationally.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

Krsnaa Diagnostics

Market Cap: ₹25.7b

Provides diagnostic services in India.

Nagarro

Market Cap: €674.9m

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

Byrna Technologies

Market Cap: US$477.5m

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.

Accent Group

Market Cap: AU$874.7m

Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.

SISB

Market Cap: ฿13.9b

Provides educational services in Thailand.

Truecaller

Market Cap: SEK 15.5b

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

Vp

Market Cap: UK£230.7m

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

AdaptHealth

Market Cap: US$1.2b

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

Murapol

Market Cap: zł1.6b

Engages in residential real estate development in Poland.

Dentium

Market Cap: ₩495.9b

Manufactures and sells dental medical instrument worldwide.

Bird Construction

Market Cap: CA$1.3b

Provides construction services in Canada.

Yamaichi ElectronicsLtd

Market Cap: JP¥58.0b

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

KginicisLtd

Market Cap: ₩270.2b

Operates as a electronic payment company in Korea.

Xiaocaiyuan International Holding

Market Cap: HK$13.2b

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

Petrovietnam Drilling and Well Services

Market Cap: ₫11.9t

Provides drilling rigs and drilling-related services to the oil and gas industry in the Socialist Republic of Vietnam and internationally.

Deleum Berhad

Market Cap: RM 606.3m

An investment holding company, provides products and services to the oil and gas industries primarily in Malaysia.

DCB Bank

Market Cap: ₹38.5b

Provides various banking and financial products and services in India.

M1 Kliniken

Market Cap: €243.8m

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.

Qt Group Oyj

Market Cap: €1.2b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Edita Food Industries Company (S.A.E)

Market Cap: ج.م12.0b

Engages in the production of snack food products in Egypt.

Cosmo Pharmaceuticals

Market Cap: CHF 929.2m

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.