Global Undervalued Dividend Payers

Maxell

Market Cap: JP¥74.7b

Manufactures and sale energy, functional materials, optics and systems, and life solution products in Japan, the Americas, Europe, Asia, and internationally.

Sierra Bancorp

Market Cap: US$466.7m

Operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking products and services to individuals and businesses in California.

Nichols

Market Cap: UK£337.9m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Hap Seng Plantations Holdings Berhad

Market Cap: RM 1.8b

An investment holding company, operates as an oil palm plantation company in Malaysia.

CPH Group

Market Cap: CHF 350.1m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Wilcon Depot

Market Cap: ₱26.5b

Wilcon Depot, Inc., doing business as WILCON DEPOT and WILCON HOME ESSENTIALS, operates as a home improvement and construction supplies retailer in the Philippines.

Mears Group

Market Cap: UK£320.9m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Soop

Market Cap: ₩641.4b

Operates as an entertainment company in South Korea.

Visco Vision

Market Cap: NT$13.4b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

MGP Ingredients

Market Cap: US$421.4m

Produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.

OneSpan

Market Cap: US$409.5m

Provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

TSH Resources Berhad

Market Cap: RM 1.6b

An investment holding company, primarily engages in oil palm cultivation and processing, and forest plantation activities in Malaysia, Indonesia, Southwest Pacific, the United States, and internationally.

Universal Store Holdings

Market Cap: AU$563.9m

Engages in the retail operations in the fashion market in Australia.

Aeon (M) Bhd

Market Cap: RM 1.6b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Padini Holdings Berhad

Market Cap: RM 1.6b

An investment holding company, engages in the retail of garments and ancillary products.

Truecaller

Market Cap: SEK 3.6b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Property Franchise Group

Market Cap: UK£283.7m

Engages in residential property franchise, and licensing and financial services businesses in the United Kingdom.

Hoa Sen Group

Market Cap: ₫10.1t

Engages in the manufacturing and trading steel sheet in Vietnam and internationally.

FRP Advisory Group

Market Cap: UK£280.3m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Sword Group

Market Cap: €314.2m

Provides IT and software solutions in Luxembourg, Europe, and Asia.

CTOS Digital Berhad

Market Cap: RM 1.4b

An investment holding company, provides credit reporting agency and digital software related services in Malaysia, Thailand, Indonesia, and the Philippines.

Insource

Market Cap: JP¥57.9b

Provides various lecturer dispatch type training, open lecture, and other services in Japan.

Moshi Moshi Retail Corporation

Market Cap: ฿11.5b

Engages in the retail and wholesale of lifestyle products in Thailand.

Jumbo Interactive

Market Cap: AU$494.6m

Engages in the retail of lottery tickets through the internet and mobile devices in Australia, the United Kingdom, Canada, Fiji, and internationally.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Norcros

Market Cap: UK£256.1m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Henry Boot

Market Cap: UK£255.0m

Engages in the property investment and development, land promotion, and construction activities in the United Kingdom.

On the Beach Group

Market Cap: UK£254.7m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

Route Mobile

Market Cap: ₹31.4b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.

Next 15 Group

Market Cap: UK£244.2m

Next 15 Group plc, together with its subsidiaries, customer insight, customer delivery, customer engagement, and business transformation services in the United Kingdom, Africa, the United States, Europe, Middle East, and Africa.

Compagnie d'Entreprises CFE

Market Cap: €280.7m

Engages in the real estate, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.

Esprinet

Market Cap: €280.6m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Pihlajalinna Oyj

Market Cap: €272.5m

Provides social, healthcare, and wellbeing services to private persons, companies, insurance companies, and public sector entities in Finland.

Orsero

Market Cap: €271.9m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

Ratchthani Leasing

Market Cap: ฿10.1b

Together with its subsidiary, provides hire-purchase and leasing services in Thailand.

Duopharma Biotech Berhad

Market Cap: RM 1.2b

An investment holding company, researches, develops, manufactures, distributes, and imports pharmaceutical products and medicines in Malaysia and internationally.