Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Soma Gold

Market Cap: CA$270.1m

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

Hemlo Mining

Market Cap: CA$2.0b

Operates as a gold production company.

Morris State Bancshares

Market Cap: US$268.1m

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$280.7m

Provides water and wastewater services in the United States.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

First Bancorp

Market Cap: US$302.8m

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

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

BAUER

Market Cap: €258.2m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Franklin Financial Services

Market Cap: US$224.4m

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 460.9b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

A3 Mercados

Market Cap: AR$838.5b

Operates as a market for negotiable securities in Argentina and internationally.

Freetrailer Group

Market Cap: €819.7m

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

Winchester Bancorp

Market Cap: US$103.6m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

Security Federal

Market Cap: US$106.0m

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

Namibia Breweries

Market Cap: R6.2b

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

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.

Onix Solar Energy

Market Cap: ₹14.5b

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

Oakworth Capital

Market Cap: US$190.7m

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Southern Michigan Bancorp

Market Cap: US$115.1m

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.

Productive Business Solutions

Market Cap: US$160.0m

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

Capricorn Group

Market Cap: R13.2b

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

Nexa Resources AtacochaA

Market Cap: S/1.5b

Operates as a mining company worldwide.

Intellego Technologies

Market Cap: SEK 1.6b

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Practic

Market Cap: RON 950.3m

Engages in the lease and sublease of real estate properties in Romania.

Procimmo Group

Market Cap: CHF 369.4m

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

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.

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.

Wema Bank

Market Cap: ₦938.8b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Cresco

Market Cap: JP¥67.6b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

PAN Group

Market Cap: ₫6.2t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Piccadily Agro Industries

Market Cap: ₹56.9b

Manufactures and develops alcoholic beverages in India.

Korea Ratings

Market Cap: ₩432.3b

Provides credit rating and business valuation services in South Korea.