Global Undervalued Small Caps

CellaVision

Market Cap: SEK 3.8b

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

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.

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.

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.

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.

Converge Information and Communications Technology Solutions

Market Cap: ₱109.0b

Converge Information and Communications Technology Solutions, Inc.

CLIO CosmeticsLtd

Market Cap: ₩255.9b

Provides makeup products in South Korea and internationally.

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.

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.

KH Neochem

Market Cap: JP¥97.0b

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

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.

Hyosung TNC

Market Cap: ₩977.5b

Manufactures and sells fiber in South Korea 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.

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.

Nagarro

Market Cap: €665.4m

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

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.

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.

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.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

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.

Ennoconn

Market Cap: NT$42.5b

Manufactures and sells data storage, processing equipment, industrial motherboards, and network communication products in Taiwan, China, Europe, and internationally.

Yamaichi ElectronicsLtd

Market Cap: JP¥57.5b

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

Australian Clinical Labs

Market Cap: AU$524.7m

Provides pathology diagnostic services in Australia.

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.

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.

AdaptHealth

Market Cap: US$1.3b

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

SISB

Market Cap: ฿14.4b

Provides educational services in Thailand.

Xiaocaiyuan International Holding

Market Cap: HK$12.3b

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

Edita Food Industries Company (S.A.E)

Market Cap: ج.م12.5b

Engages in the production of snack food products in Egypt.

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.