Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cyprus Cement

Market Cap: €178.3m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Maistra d.d

Market Cap: €607.4m

Engages in the hotel business in Croatia.

Performance Technologies

Market Cap: €107.2m

Provides IT solutions in Greece.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł937.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Inmocemento

Market Cap: €1.6b

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

Sopharma AD

Market Cap: лв1.4b

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

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.7b

Operates as an asset management company.

SALUS Ljubljana d. d

Market Cap: €407.7m

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

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺11.4b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

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.

Jadranski naftovod d.d

Market Cap: €846.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

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.

Famous Brands

Market Cap: R5.2b

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.

Zona Franca de Iquique

Market Cap: CL$231.8b

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

Inversiones Doalca SOCIMI

Market Cap: €155.4m

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

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.8b

Manufactures and sells heavy machinery and equipment.

Alumil Aluminium Industry

Market Cap: €154.9m

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.

Purple Group

Market Cap: R3.3b

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.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Acsion

Market Cap: R2.9b

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

MIA Teknoloji Anonim Sirketi

Market Cap: ₺19.4b

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

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺8.1b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺35.4b

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

VNV Global

Market Cap: SEK 2.9b

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.

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.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Dekpol

Market Cap: zł764.3m

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

FRMO

Market Cap: US$367.9m

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

Chilanga Cement

Market Cap: K8.0b

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

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.

FineMark Holdings

Market Cap: US$446.6m

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

A3 Mercados

Market Cap: AR$838.5b

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

Bank of Africa Mali

Market Cap: XOF 100.2b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.