Global Undervalued Small Caps

SILICON2

Market Cap: ₩2.3t

Engages in the distribution of cosmetics products worldwide.

Security Bank

Market Cap: ₱52.4b

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

Inspur Digital Enterprise Technology

Market Cap: HK$4.3b

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.

Converge Information and Communications Technology Solutions

Market Cap: ₱97.0b

Converge Information and Communications Technology Solutions, Inc.

Fauji Cement

Market Cap: PK₨101.2b

Engages in the manufacturing and selling of various types of cement in Pakistan.

Future

Market Cap: JP¥146.9b

Provides IT consulting and services primarily in Japan.

Vikram Solar

Market Cap: ₹65.3b

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

Indegene

Market Cap: ₹107.9b

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

FRP Advisory Group

Market Cap: UK£268.2m

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

Zevra Therapeutics

Market Cap: US$649.4m

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

CellaVision

Market Cap: SEK 3.5b

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

Orion Group Holdings

Market Cap: US$469.4m

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

Trisul

Market Cap: R$1.6b

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

Bilia

Market Cap: SEK 11.6b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxemburg, and Belgium.

Altea Green Power

Market Cap: €122.0m

Supplies and manages renewable energy plants in Italy and the United States.

Tristel

Market Cap: UK£184.5m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

Grupa Pracuj

Market Cap: zł2.7b

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

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.

LiveRamp Holdings

Market Cap: US$1.8b

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

North East Rubber

Market Cap: ฿8.7b

Manufactures and sells rubber products in Thailand.

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.

Voxel

Market Cap: zł1.3b

Provides medical services in Poland.

Nagarro

Market Cap: €654.3m

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

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Boozt

Market Cap: SEK 5.4b

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

Ependion

Market Cap: SEK 3.2b

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

Warpaint London

Market Cap: UK£173.7m

Produces and sells cosmetics.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

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.

Flotek Industries

Market Cap: US$517.1m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹125.9b

Engages in the manufacture, trade, and sale of bulk chemicals in India.

Catalyst Metals

Market Cap: AU$1.8b

Engages in the mineral exploration and evaluation in Australia.

Hugel

Market Cap: ₩2.7t

Develops and manufactures biopharmaceuticals in South Korea and internationally.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

ASROCK Incorporation

Market Cap: NT$25.9b

Designs, develops, and sells motherboards in Asia, Europe, America, and internationally.