Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł938.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Zona Franca de Iquique

Market Cap: CL$232.8b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Procimmo Group

Market Cap: CHF 369.4m

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

Capricorn Group

Market Cap: R11.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 403.3b

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

Dekpol

Market Cap: zł794.4m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.7b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Liburnia Riviera Hoteli d.d

Market Cap: €168.0m

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

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zambia Sugar

Market Cap: K20.7b

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

Central Forest Group

Market Cap: JP¥21.3b

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

Transcorp Power

Market Cap: ₦2.6t

Engages in the generation and sale of electric power in Nigeria and internationally.

FRMO

Market Cap: US$367.1m

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

Oakworth Capital

Market Cap: US$167.2m

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

First Bancorp

Market Cap: US$283.3m

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

Freetrailer Group

Market Cap: €686.3m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Linkhome Holdings

Market Cap: US$175.4m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

Gulf Island Fabrication

Market Cap: US$188.9m

Operates as a fabricator of steel structures and modules in the United States.

Franklin Financial Services

Market Cap: US$206.3m

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.

Senstar Technologies

Market Cap: US$104.1m

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

Epsilon Energy

Market Cap: US$100.2m

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.

Pure Cycle

Market Cap: US$263.1m

Provides wholesale water and wastewater services in the United States.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.0b

n/a

Solesence

Market Cap: US$198.1m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Union Bankshares

Market Cap: US$105.8m

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: €98.0m

A publicly owned investment manager.

Sound Financial Bancorp

Market Cap: US$114.6m

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

Affinity Bancshares

Market Cap: US$116.6m

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

Seneca Foods

Market Cap: US$776.6m

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

Mercantil Financeira - Crédito Financiamento e Investimento

Market Cap: R$579.4m

Provides financial solutions in Brazil.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Engages distribution of electricity in Peru.

Tri-County Financial Group

Market Cap: US$114.3m

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.