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: €93.0m

Operates in the healthcare industry.

Jadranski naftovod d.d

Market Cap: €836.4m

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

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.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Zambia Sugar

Market Cap: K21.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Sound Financial Bancorp

Market Cap: US$110.9m

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

Soma Gold

Market Cap: CA$207.7m

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

Union Bankshares

Market Cap: US$108.8m

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Epsilon Energy

Market Cap: US$105.7m

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.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.7b

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

Affinity Bancshares

Market Cap: US$123.7m

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

Seneca Foods

Market Cap: US$758.2m

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

Metalpha Technology Holding

Market Cap: US$102.8m

Provides wealth management services in Hong Kong.

Capricorn Group

Market Cap: R13.2b

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

Central Forest Group

Market Cap: JP¥22.8b

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

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$103.8m

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

Procimmo Group

Market Cap: CHF 364.9m

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

Yunnan Jinxun Resources

Market Cap: HK$3.3b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Intellego Technologies

Market Cap: SEK 1.6b

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

Morris State Bancshares

Market Cap: US$265.2m

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

Pure Cycle

Market Cap: US$260.2m

Provides water and wastewater services in the United States.

Grendene

Market Cap: R$4.2b

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

First Northern Community Bancorp

Market Cap: US$210.3m

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.

Franklin Financial Services

Market Cap: US$220.5m

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.

FRMO

Market Cap: US$325.3m

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

First Bancorp

Market Cap: US$299.0m

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

Itafos

Market Cap: CA$589.4m

Operates as a phosphate and specialty fertilizer company.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Oakworth Capital

Market Cap: US$188.2m

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

Southern Michigan Bancorp

Market Cap: US$111.1m

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.

Bank Danamon Indonesia

Market Cap: Rp24.6t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.