Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Capricorn Group

Market Cap: R10.8b

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

FRMO

Market Cap: US$383.0m

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

FineMark Holdings

Market Cap: US$320.0m

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

BAUER

Market Cap: €247.5m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, Africa, and the Americas.

Itafos

Market Cap: CA$423.4m

Operates as a phosphate and specialty fertilizer company.

AB Traction

Market Cap: SEK 3.9b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €99.4m

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

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺9.5b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Pure Cycle

Market Cap: US$246.5m

Provides wholesale water and wastewater services in the United States.

MAPFRE Middlesea

Market Cap: €131.6m

Provides non-life and life insurance to individuals, small and medium enterprises, professionals, and businesses in Malta.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.2b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦437.0b

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

Mirbud

Market Cap: zł1.7b

Operates as a general contractor in the construction industry in Poland.

Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺3.9b

Manufactures and sells medical devices in Turkey.

Zambia Sugar

Market Cap: K12.7b

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

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.

First National Bank of Botswana

Market Cap: P13.1b

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

Alantra Partners

Market Cap: €298.2m

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

Intellego Technologies

Market Cap: SEK 2.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Teekay

Market Cap: US$568.9m

Provides crude oil marine transportation and other marine services worldwide.

Reitar Logtech Holdings

Market Cap: US$246.0m

Through its subsidiaries, provides construction management and engineering design services.

Anbio Biotechnology

Market Cap: US$294.1m

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €373.7m

Operates as a cooperative bank in France.

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.

Wema Bank

Market Cap: ₦264.7b

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

Lavipharm

Market Cap: €136.5m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, cosmetics, and healthcare products to physicians and pharmacists in Greece and internationally.

Kerevitas Gida Sanayi ve Ticaret

Market Cap: ₺12.1b

Produces and trades in frozen and canned products in Turkey.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺3.9b

Manufactures and sells heavy machinery and equipment.

Smart Organic AD

Market Cap: лв344.8m

Engages in the production and distribution of organic products worldwide.

Infinity Capital Investments

Market Cap: RON 1.1b

S.I.F. Oltenia S.A. is a private equity and venture capital firm specializing in investments in asset management, expansion, development, start-up, turnaround, and restructuring.

Oakworth Capital

Market Cap: US$151.3m

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

Ellaktor

Market Cap: €469.0m

Through its subsidiaries, operates as an infrastructure company in Greece, other European countries, Gulf countries, and the Americas.