Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Darwin

Market Cap: €95.4m

Operates in the healthcare industry.

Arab Banking Corporation (B.S.C.)

Market Cap: US$984.0m

Provides wholesale banking services worldwide.

Telekom Networks Malawi

Market Cap: MK 361.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

FRoSTA

Market Cap: €613.1m

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

Soma Gold

Market Cap: CA$213.6m

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

Seneca Foods

Market Cap: US$773.4m

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

Onix Solar Energy

Market Cap: ₹14.2b

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

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.

First Bancorp

Market Cap: US$294.4m

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

FRMO

Market Cap: US$328.9m

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

Franklin Financial Services

Market Cap: US$229.1m

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$107.9m

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$101.0m

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

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

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.

Sound Financial Bancorp

Market Cap: US$111.7m

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$27.1b

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

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.

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.

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.

Freetrailer Group

Market Cap: €848.3m

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

Procimmo Group

Market Cap: CHF 369.4m

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

Southern Michigan Bancorp

Market Cap: US$113.3m

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.

Tri-County Financial Group

Market Cap: US$117.0m

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.

Itafos

Market Cap: CA$591.3m

Operates as a phosphate and specialty fertilizer company.

Union Bankshares

Market Cap: US$111.8m

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

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.

Affinity Bancshares

Market Cap: US$124.3m

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Pure Cycle

Market Cap: US$276.1m

Provides water and wastewater services in the United States.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Productive Business Solutions

Market Cap: US$244.7m

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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