Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sound Financial Bancorp

Market Cap: US$115.5m

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

Nigerian Aviation Handling

Market Cap: ₦243.3b

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

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.

Performance Technologies

Market Cap: €103.7m

Provides IT solutions in Greece.

Namibia Breweries

Market Cap: R6.0b

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

First Investment Bank AD

Market Cap: лв763.3m

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

Freetrailer Group

Market Cap: €695.8m

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

Valhi

Market Cap: US$408.1m

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

Oakworth Capital

Market Cap: US$161.7m

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

SBS Philippines

Market Cap: ₱7.0b

Engages in chemical trading and distribution in the Philippines.

Greenfire Resources

Market Cap: US$352.7m

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

First Bancorp

Market Cap: US$283.4m

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

Dekpol

Market Cap: zł749.3m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

Alantra Partners

Market Cap: €323.5m

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

Inmocemento

Market Cap: €1.6b

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

Soma Gold

Market Cap: CA$141.9m

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

Telematic Interactive Bulgaria EAD

Market Cap: лв276.6m

Offers online betting and gambling services.

Master Drilling Group

Market Cap: R2.3b

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.

Deutsche Balaton

Market Cap: €236.0m

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

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.

Cyprus Cement

Market Cap: €182.4m

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

FineMark Holdings

Market Cap: US$444.1m

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

Bank of Africa Mali

Market Cap: XOF 119.5b

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł892.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦489.3b

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

Evergent Investments

Market Cap: RON 2.1b

A publicly owned investment manager.

FRMO

Market Cap: US$378.6m

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

Sparta

Market Cap: €103.6m

A publicly owned investment manager.

Gulf Island Fabrication

Market Cap: US$124.1m

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

Famous Brands

Market Cap: R5.5b

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.

Acsion

Market Cap: R2.7b

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

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.6b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Pure Cycle

Market Cap: US$266.0m

Provides wholesale water and wastewater services in the United States.