Global Undervalued Small Caps

Grupa Pracuj

Market Cap: zł3.3b

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

Altea Green Power

Market Cap: €143.0m

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

Construtora Tenda

Market Cap: R$3.4b

Operates as a construction company in Brazil.

Zevra Therapeutics

Market Cap: US$506.7m

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

Tennant

Market Cap: US$1.4b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Future

Market Cap: JP¥168.1b

Provides IT consulting and services primarily in Japan.

Aurelia Metals

Market Cap: AU$524.7m

Engages in the exploration and production of mineral properties in Australia.

Thryv Holdings

Market Cap: US$209.6m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Converge Information and Communications Technology Solutions

Market Cap: ₱112.2b

Converge Information and Communications Technology Solutions, Inc.

Security Bank

Market Cap: ₱49.0b

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

Cheerwin Group

Market Cap: HK$3.2b

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.

Inspur Digital Enterprise Technology

Market Cap: HK$6.1b

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.

Assetwise

Market Cap: ฿5.4b

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

Hacksaw

Market Cap: SEK 16.4b

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

Italian Exhibition Group

Market Cap: €281.0m

Italian Exhibition Group S.p.A. organizes and operates exhibitions Italy and internationally.

Aviat Networks

Market Cap: US$280.0m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Afentra

Market Cap: UK£112.6m

Operates as an upstream oil and gas company primarily in Africa.

Byrna Technologies

Market Cap: US$311.6m

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.

Krsnaa Diagnostics

Market Cap: ₹22.6b

Provides diagnostic services in India.

Qatar National Bank

Market Cap: ج.م90.3b

Engages in the provision of banking services in Egypt.

Unidata

Market Cap: €101.5m

Operates as an Internet service provider in Italy.

Tracsis

Market Cap: UK£107.1m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Auto Partner

Market Cap: zł2.5b

Imports and distributes parts for passenger cars, delivery vans, and motorcycles in Poland.

ASROCK Incorporation

Market Cap: NT$26.6b

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

Catalyst Metals

Market Cap: AU$2.2b

Engages in the mineral exploration and evaluation in Australia.

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.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹124.8b

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

CAB Cakaran Corporation Berhad

Market Cap: RM 412.6m

Produces and sells food products in Malaysia, Singapore, Hong Kong, Japan, Brunei, and internationally.

CPH Group

Market Cap: CHF 404.0m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

HDC Hyundai Development

Market Cap: ₩1.3t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

Vizionfocus

Market Cap: NT$10.2b

Engages in the manufacturing of medical equipment in Taiwan, China, Japan, and the United States.

Opera

Market Cap: US$1.1b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Binh Duong Water - Environment Corporation -

Market Cap: ₫10.2t

Engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam.

X-FAB Silicon Foundries

Market Cap: €669.5m

Develops, produces, and sells analog/mixed-signal IC, micro-electro-mechanical systems, and silicon carbide products for automotive, medical, industrial, communication, and consumer sectors in the Europe, the United States, Asia, and internationally.

DXN Holdings Bhd

Market Cap: RM 2.5b

Manufactures and sales health supplements and other products on direct sales basis in Latin America, Malaysia, Asia, North America, Africa, Europe, the Middle East, and Oceania.