Global Undiscovered Gems With Strong Fundamentals

Sound Financial Bancorp

Market Cap: US$118.4m

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

First Bancorp

Market Cap: US$308.6m

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

Valhi

Market Cap: US$473.5m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Gulf Island Fabrication

Market Cap: US$113.7m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.2b

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

Oakworth Capital

Market Cap: US$161.2m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

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.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺22.5b

Provides software development services to public and private organizations in Turkey.

La Forestière Equatoriale

Market Cap: €102.5m

Does not have any significant operations.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Morris State Bancshares

Market Cap: US$244.9m

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

Telematic Interactive Bulgaria EAD

Market Cap: лв289.4m

Offers online betting and gambling services.

Rich Sparkle Holdings

Market Cap: US$453.1m

Provides financial printing and corporate services in Hong Kong.

Nigerian Aviation Handling

Market Cap: ₦207.6b

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €91.7m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

First Investment Bank AD

Market Cap: лв784.2m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Deutsche Balaton

Market Cap: €221.4m

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

First Northern Community Bancorp

Market Cap: US$196.5m

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.

MCH Group

Market Cap: CHF 111.3m

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

Metalpha Technology Holding

Market Cap: US$138.4m

Provides wealth management services in Hong Kong.

Eurofins-Cerep

Market Cap: €91.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Chilanga Cement

Market Cap: K6.4b

Engages in the manufacture and sale of cement products in Zambia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Linkhome Holdings

Market Cap: US$144.3m

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

Colorado

Market Cap: د.م1.5b

Manufactures and distributes various paints in Morocco and internationally.

Telekom Networks Malawi

Market Cap: MK 402.1b

Provides telecommunication services to enterprises and individual customers in Malawi.

Aesler Grup Internasional

Market Cap: Rp3.4t

Provides architectural and construction management services in Indonesia.

FRMO

Market Cap: US$382.6m

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

Affinity Bancshares

Market Cap: US$124.0m

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

Acsion

Market Cap: R3.1b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 73.3b

Processes heavy bitumen crude in Africa.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.3b

Manufactures and sells heavy machinery and equipment.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €489.0m

Operates as a cooperative bank in France.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.