Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Standard Bank

Market Cap: MK 996.8b

Provides banking and other related services in Malawi.

FRoSTA

Market Cap: €664.9m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Kingstone Companies

Market Cap: US$228.2m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Union Bankshares

Market Cap: US$115.5m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 460.9b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Winchester Bancorp

Market Cap: US$111.5m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

Franklin Financial Services

Market Cap: US$209.5m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Soma Gold

Market Cap: CA$221.9m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Pure Cycle

Market Cap: US$267.2m

Provides water and wastewater services in the United States.

Sound Financial Bancorp

Market Cap: US$112.7m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Procimmo Group

Market Cap: CHF 373.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Epsilon Energy

Market Cap: US$139.3m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Cashmere Valley Bank

Market Cap: US$255.5m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Bank of Africa Mali

Market Cap: XOF 116.7b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Oakworth Capital

Market Cap: US$192.7m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Tri-County Financial Group

Market Cap: US$119.7m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 86.5b

Processes heavy bitumen crude in Africa.

Chilanga Cement

Market Cap: K16.8b

Engages in the manufacture and sale of cement products in Zambia.

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Envirotainer

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

First Bancorp

Market Cap: US$333.6m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Morris State Bancshares

Market Cap: US$272.6m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

A3 Mercados

Market Cap: AR$785.8b

Operates as a market for negotiable securities in Argentina and internationally.

NameSilo Technologies

Market Cap: US$114.3m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Affinity Bancshares

Market Cap: US$124.7m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

ANSA Merchant Bank

Market Cap: TT$2.1b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Oxford Bank

Market Cap: US$105.6m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Inverfal PerúA

Market Cap: S/1.5b

Engages in investing in fixed or variable income securities in Peru.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Productive Business Solutions

Market Cap: US$188.2m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.