Global Undervalued Small Caps

Indegene

Market Cap: ₹110.5b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Vikram Solar

Market Cap: ₹70.7b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

ProCredit Holding

Market Cap: €451.2m

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

LiveRamp Holdings

Market Cap: US$1.6b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

FirstSun Capital Bancorp

Market Cap: US$1.0b

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in the United States.

Bytes Technology Group

Market Cap: UK£630.2m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Boa Safra Sementes

Market Cap: R$1.1b

Produces and sells soybean seeds in Brazil.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.7b

Develops and builds residential and non-residential properties primarily in Brazil.

Trisul

Market Cap: R$1.3b

Engages in the construction and development of real estate properties in Brazil.

Zevra Therapeutics

Market Cap: US$537.2m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

FRP Advisory Group

Market Cap: UK£263.9m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Embla Medical hf

Market Cap: DKK 11.4b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Orion Group Holdings

Market Cap: US$455.7m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

Grupa Pracuj

Market Cap: zł2.6b

Operates HR technology platform in Poland, Ukraine, and Germany.

Future

Market Cap: JP¥143.3b

Provides IT consulting and services primarily in Japan.

SILICON2

Market Cap: ₩2.3t

Engages in the distribution of cosmetics products worldwide.

NSL Foods

Market Cap: ฿6.7b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Inspur Digital Enterprise Technology

Market Cap: HK$3.7b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Cheerwin Group

Market Cap: HK$2.9b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Aux Electric

Market Cap: HK$15.5b

Engages in the manufacturing, sales, and marketing of air conditioners.

Duc Giang Chemicals Group

Market Cap: ₫19.9t

Manufactures industrial products in Vietnam.

Security Bank

Market Cap: ₱50.3b

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

Village Farms International

Market Cap: US$323.4m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Flotek Industries

Market Cap: US$614.1m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Nagarro

Market Cap: €570.2m

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

Telecom Plus

Market Cap: UK£1.0b

Provides utility services in the United Kingdom.

Voxel

Market Cap: zł1.2b

Provides medical services in Poland.

Grupo SBF

Market Cap: R$2.5b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Ependion

Market Cap: SEK 3.0b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Atea

Market Cap: NOK 15.2b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Hacksaw

Market Cap: SEK 16.9b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Gibraltar Industries

Market Cap: US$1.2b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Mensch und Maschine Software

Market Cap: €555.7m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

Boozt

Market Cap: SEK 5.3b

Sells fashion, apparel, shoes, accessories, kids, home, sports, and beauty products online.

United Electronics

Market Cap: ر.س5.9b

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.