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.

Jadranski naftovod d.d

Market Cap: €826.3m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Namibia Breweries

Market Cap: R6.2b

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

Tchaikapharma High Quality Medicines AD

Market Cap: €877.5m

Develops, manufactures, and sells medicines in Bulgaria.

Onix Solar Energy

Market Cap: ₹14.2b

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

Freetrailer Group

Market Cap: €836.8m

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Itafos

Market Cap: CA$602.9m

Operates as a phosphate and specialty fertilizer company.

Union Bankshares

Market Cap: US$112.3m

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$111.8m

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 369.4m

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

First Northern Community Bancorp

Market Cap: US$210.8m

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.

Southern Michigan Bancorp

Market Cap: US$114.4m

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.

Metalpha Technology Holding

Market Cap: US$102.8m

Provides wealth management services in Hong Kong.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

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

Affinity Bancshares

Market Cap: US$126.3m

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

Soma Gold

Market Cap: CA$212.4m

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

FRMO

Market Cap: US$325.8m

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

Franklin Financial Services

Market Cap: US$225.7m

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.

NameSilo Technologies

Market Cap: US$108.0m

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

Epsilon Energy

Market Cap: US$105.2m

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.

Senstar Technologies

Market Cap: US$102.4m

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$27.0b

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

First Bancorp

Market Cap: US$295.1m

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

Pure Cycle

Market Cap: US$277.0m

Provides water and wastewater services in the United States.

Grendene

Market Cap: R$4.1b

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

Morris State Bancshares

Market Cap: US$266.1m

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

Seneca Foods

Market Cap: US$766.9m

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

Nexa Resources AtacochaA

Market Cap: S/463.9m

Operates as a mining company worldwide.

Oakworth Capital

Market Cap: US$207.0m

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: €151.3m

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Productive Business Solutions

Market Cap: US$244.7m

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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