Global Undervalued Small Caps

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.5b

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

Assetwise

Market Cap: ฿5.6b

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

ProCredit Holding

Market Cap: €597.8m

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

Austriacard Holdings

Market Cap: €204.7m

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.

Jinzai Food GroupLtd

Market Cap: CN¥5.8b

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

Business First Bancshares

Market Cap: US$752.5m

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$30.3b

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

CLIO CosmeticsLtd

Market Cap: ₩251.8b

Provides makeup products in South Korea 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.

Plumas Bancorp

Market Cap: US$303.7m

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.

KH Neochem

Market Cap: JP¥98.1b

Researches, manufactures, and sells of petrochemical products in Japan 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: ₱109.0b

Converge Information and Communications Technology Solutions, Inc.

Security Bank

Market Cap: ₱53.0b

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

Firan Technology Group

Market Cap: CA$291.8m

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

Nagarro

Market Cap: €682.4m

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.

Krsnaa Diagnostics

Market Cap: ₹26.2b

Provides diagnostic services in India.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Accent Group

Market Cap: AU$820.6m

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

Byrna Technologies

Market Cap: US$458.6m

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.

Truecaller

Market Cap: SEK 16.0b

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

Australian Clinical Labs

Market Cap: AU$487.8m

Provides pathology diagnostic services in Australia.

Dentium

Market Cap: ₩499.3b

Manufactures and sells dental medical instrument worldwide.

SISB

Market Cap: ฿13.3b

Provides educational services in Thailand.

Yamaichi ElectronicsLtd

Market Cap: JP¥57.9b

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

Materials Analysis Technology

Market Cap: NT$12.3b

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

Murapol

Market Cap: zł1.6b

Engages in residential real estate development in Poland.

AdaptHealth

Market Cap: US$1.3b

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

Vp

Market Cap: UK£235.5m

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

KginicisLtd

Market Cap: ₩272.0b

Operates as a electronic payment company in Korea.

Bird Construction

Market Cap: CA$1.3b

Provides construction services in Canada.

Lindsay Australia

Market Cap: AU$267.4m

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

Prosegur Cash

Market Cap: €1.0b

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.

Petrovietnam Drilling and Well Services

Market Cap: ₫11.8t

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