Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

FRoSTA

Market Cap: €681.3m

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Envirotainer

Market Cap: €404.0m

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

Freetrailer Group

Market Cap: €789.2m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Central Forest Group

Market Cap: JP¥22.3b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Itafos

Market Cap: CA$599.0m

Operates as a phosphate and specialty fertilizer company.

Grendene

Market Cap: R$4.4b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Seneca Foods

Market Cap: US$811.3m

Provides packaged fruits and vegetables in the United States and internationally.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Affinity Bancshares

Market Cap: US$125.0m

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

First Northern Community Bancorp

Market Cap: US$224.3m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

First Bancorp

Market Cap: US$333.8m

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

Franklin Financial Services

Market Cap: US$214.1m

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.

Epsilon Energy

Market Cap: US$145.0m

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.

Southern Michigan Bancorp

Market Cap: US$117.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Sound Financial Bancorp

Market Cap: US$112.4m

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

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.

Cashmere Valley Bank

Market Cap: US$255.2m

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

Pure Cycle

Market Cap: US$263.3m

Provides water and wastewater services in the United States.

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.

Soma Gold

Market Cap: CA$248.9m

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

Tri-County Financial Group

Market Cap: US$120.5m

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.

NameSilo Technologies

Market Cap: US$120.4m

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

Kingstone Companies

Market Cap: US$224.9m

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

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.

Union Bankshares

Market Cap: US$111.7m

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

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

Oakworth Capital

Market Cap: US$196.0m

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Morris State Bancshares

Market Cap: US$287.2m

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

Security Federal

Market Cap: US$105.8m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Procimmo Group

Market Cap: CHF 373.9m

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

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.