Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Dekpol

Market Cap: zł714.2m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

KABE Group AB (publ.)

Market Cap: SEK 1.9b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Sopharma AD

Market Cap: лв1.4b

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

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €90.6m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Alantra Partners

Market Cap: €307.6m

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

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.

Transnational Corporation of Nigeria

Market Cap: ₦416.6b

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

Wema Bank

Market Cap: ₦766.3b

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

Sociedad Matriz SAAM

Market Cap: CL$1.4t

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺10.6b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Famous Brands

Market Cap: R5.3b

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.

AB Akola Group

Market Cap: €304.0m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺6.2b

Operates as an asset management company in Turkey.

MCH Group

Market Cap: CHF 106.0m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Transcorp Power

Market Cap: ₦2.3t

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Dn Agrar Group

Market Cap: RON 445.5m

Engages in the production of cow milk.

Purple Group

Market Cap: R2.9b

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.

Maistra d.d

Market Cap: €645.7m

Engages in the hotel business in Croatia.

VNV Global

Market Cap: SEK 2.8b

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.

Mangold Fondkommission

Market Cap: SEK 937.0m

Provides financial services to companies, institutions, and private individuals in Sweden.

Alumil Aluminium Industry

Market Cap: €162.7m

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

Nigerian Aviation Handling

Market Cap: ₦213.4b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Pure Cycle

Market Cap: US$281.9m

Provides water and wastewater services in the United States.

FRMO

Market Cap: US$321.4m

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

Soma Gold

Market Cap: CA$187.0m

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

Tri-County Financial Group

Market Cap: US$115.9m

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.

A3 Mercados

Market Cap: AR$784.6b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 474.1b

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

Grendene

Market Cap: R$4.8b

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

Sound Financial Bancorp

Market Cap: US$114.2m

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

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.