Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sopharma AD

Market Cap: лв1.4b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Namibia Breweries

Market Cap: R6.0b

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

Alantra Partners

Market Cap: €328.0m

Engages in the investment banking and asset management services in Spain and internationally.

Itafos

Market Cap: CA$641.5m

Operates as a phosphate and specialty fertilizer company.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Soma Gold

Market Cap: CA$151.3m

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

Famous Brands

Market Cap: R5.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Affinity Bancshares

Market Cap: US$116.1m

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

Metalpha Technology Holding

Market Cap: US$115.3m

Provides wealth management services in Hong Kong.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.9b

Manufactures and sells heavy machinery and equipment.

Deutsche Balaton

Market Cap: €229.7m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.3b

Mackolik Internet Hizmetleri Ticaret A.S.

Dekpol

Market Cap: zł757.6m

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

Greenfire Resources

Market Cap: US$342.8m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Transnational Corporation of Nigeria

Market Cap: ₦508.1b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Wema Bank

Market Cap: ₦727.5b

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

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Evergent Investments

Market Cap: RON 2.0b

A publicly owned investment manager.

FineMark Holdings

Market Cap: US$438.6m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

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.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł931.3m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Acsion

Market Cap: R2.8b

Engages in property holding and development activities in South Africa and internationally.

VNV Global

Market Cap: SEK 3.1b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Dn Agrar Group

Market Cap: RON 442.3m

Engages in the production of cow milk.

Alumil Aluminium Industry

Market Cap: €159.5m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Central Cooperative Bank AD

Market Cap: лв211.0m

A commercial bank, provides various financial products and services.

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 351.9b

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

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.9b

Operates as an asset management company.

Purple Group

Market Cap: R3.2b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺8.2b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺34.8b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Senstar Technologies

Market Cap: US$113.4m

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