Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Pure Cycle

Market Cap: US$259.5m

Provides water and wastewater services in the United States.

Central Forest Group

Market Cap: JP¥22.5b

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

Affinity Bancshares

Market Cap: US$126.2m

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

First Northern Community Bancorp

Market Cap: US$228.4m

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.

Tri-County Financial Group

Market Cap: US$121.0m

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$124.0m

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

Procimmo Group

Market Cap: CHF 373.9m

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

Telekom Networks Malawi

Market Cap: MK 360.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

Seneca Foods

Market Cap: US$846.3m

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Sparta

Market Cap: €126.9m

A publicly owned investment manager.

Itafos

Market Cap: CA$608.7m

Operates as a phosphate and specialty fertilizer company.

First Investment Bank AD

Market Cap: €520.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Grendene

Market Cap: R$4.3b

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

Kingstone Companies

Market Cap: US$227.6m

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

First Bancorp

Market Cap: US$326.8m

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

Envirotainer

Market Cap: €404.0m

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

Morris State Bancshares

Market Cap: US$276.6m

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

Oxford Bank

Market Cap: US$104.0m

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

Southern Michigan Bancorp

Market Cap: US$117.0m

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.

Onix Solar Energy

Market Cap: ₹14.8b

Engages in the trading of non-ferrous metals in India.

Namibia Breweries

Market Cap: R6.2b

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

Security Federal

Market Cap: US$105.8m

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

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.

Liburnia Riviera Hoteli d.d

Market Cap: €157.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Jamuna Bank

Market Cap: ৳23.0b

Provides various banking products and services in Bangladesh.

Capricorn Group

Market Cap: R13.3b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Padma Oil

Market Cap: ৳17.2b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Canal Shipping Agencies

Market Cap: ج.م9.7b

Provides various shipping services to the international commercial fleet in Egypt.

FRoSTA

Market Cap: €610.4m

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

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

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.