Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

FRMO

Market Cap: US$364.5m

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

First Northern Community Bancorp

Market Cap: US$204.4m

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.

Procimmo Group

Market Cap: CHF 369.4m

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

Affinity Bancshares

Market Cap: US$116.3m

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

FineMark Holdings

Market Cap: US$442.9m

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

Valhi

Market Cap: US$413.8m

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

Freetrailer Group

Market Cap: €699.6m

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

Nigerian Aviation Handling

Market Cap: ₦243.3b

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

ASA Gold and Precious Metals

Market Cap: US$839.6m

A publicly owned investment manager.

Sound Financial Bancorp

Market Cap: US$113.9m

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

SALUS Ljubljana d. d

Market Cap: €401.1m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م17.9b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م20.7b

Provides various banking products and services in Egypt.

Itafos

Market Cap: CA$635.7m

Operates as a phosphate and specialty fertilizer company.

Greenfire Resources

Market Cap: US$344.9m

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

Pure Cycle

Market Cap: US$264.8m

Provides wholesale water and wastewater services in the United States.

Soma Gold

Market Cap: CA$144.2m

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

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Deutsche Balaton

Market Cap: €238.1m

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

First Bancorp

Market Cap: US$283.5m

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

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

Namibia Breweries

Market Cap: R6.0b

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

Zambia Sugar

Market Cap: K20.7b

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

Telekom Networks Malawi

Market Cap: MK 366.7b

Provides telecommunication services to enterprises and individual customers in Malawi.

Grendene

Market Cap: R$4.7b

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

Zona Franca de Iquique

Market Cap: CL$227.2b

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

Chilanga Cement

Market Cap: K7.8b

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

ANSA Merchant Bank

Market Cap: TT$2.7b

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

va-Q-tec

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, 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.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.2b

Produces and sells fertilizers.

Mangold Fondkommission

Market Cap: SEK 951.1m

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

Capricorn Group

Market Cap: R11.7b

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