Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Namibia Breweries

Market Cap: R6.2b

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

KABE Group AB (publ.)

Market Cap: SEK 1.9b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Capricorn Group

Market Cap: R13.2b

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

Dn Agrar Group

Market Cap: RON 458.2m

Engages in the production of cow milk.

Cyprus Cement

Market Cap: €175.6m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Canal Shipping Agencies

Market Cap: ج.م9.8b

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

Alumil Aluminium Industry

Market Cap: €171.1m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Dekpol

Market Cap: zł769.4m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Procimmo Group

Market Cap: CHF 360.4m

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Maistra d.d

Market Cap: €656.7m

Engages in the hotel business in Croatia.

Central Cooperative Bank AD

Market Cap: €123.3m

A commercial bank, provides various financial products and services.

Morris State Bancshares

Market Cap: US$267.1m

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

Tri-County Financial Group

Market Cap: US$116.6m

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.

Inverfal PerúA

Market Cap: S/1.9b

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د63.0m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Liburnia Riviera Hoteli d.d

Market Cap: €149.5m

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

Freetrailer Group

Market Cap: €768.2m

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

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

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.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Senstar Technologies

Market Cap: US$105.7m

Provides physical, video, and access control security products and solutions worldwide.

Franklin Financial Services

Market Cap: US$224.6m

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$108.6m

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.

Itafos

Market Cap: CA$579.7m

Operates as a phosphate and specialty fertilizer company.

FRMO

Market Cap: US$315.2m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Soma Gold

Market Cap: CA$199.5m

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

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

First Northern Community Bancorp

Market Cap: US$210.5m

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.

Union Bankshares

Market Cap: US$110.1m

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

Sound Financial Bancorp

Market Cap: US$111.1m

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.6b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.