U.K. Undervalued based on future growth

Next 15 Group

Market Cap: UK£242.2m

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.

Integrated Diagnostics Holdings

Market Cap: US$319.7m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

AB Dynamics

Market Cap: UK£238.7m

Provides vehicle test development and verification products and services for driver assistance systems.

On the Beach Group

Market Cap: UK£236.8m

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

Sylvania Platinum

Market Cap: UK£233.9m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Secure Trust Bank

Market Cap: UK£233.1m

Provides banking and financial products and services in the United Kingdom.

S&U

Market Cap: UK£221.1m

Provides motor, property bridging, and specialist finance services in the United Kingdom.

CAB Payments Holdings

Market Cap: UK£220.1m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, supranationals, and governments in the United Kingdom and internationally.

Gulf Marine Services

Market Cap: UK£209.9m

Operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe.

Serabi Gold

Market Cap: UK£204.5m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

YouGov

Market Cap: UK£195.7m

Provides online market research services in the United Kingdom, the Americas, the Middle East, Mainland Europe, India, and the Asia Pacific.

BTG Consulting

Market Cap: UK£190.7m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

SThree

Market Cap: UK£187.8m

Provides workforce consultancy services in Austria, Germany, Switzerland, the United States, Netherlands, Spain, the United Kingdom, Belgium, France, Japan, the United Arab Emirates, and internationally.

ASA International Group

Market Cap: UK£185.5m

Operates as a microfinance institution in Asia and Africa.

Vertu Motors

Market Cap: UK£182.7m

Operates as an automotive retailer in the United Kingdom.

Capricorn Energy

Market Cap: UK£181.8m

An independent energy company, engages in the exploration, development, production, and sale of oil and gas worldwide.

Afentra

Market Cap: UK£175.9m

Operates as an upstream oil and gas company primarily in Africa.

Vp

Market Cap: UK£167.5m

Provides equipment rental and related services in the United Kingdom and internationally.

MJ Gleeson

Market Cap: UK£157.5m

Engages in house building, and land promotion and sale businesses in the United Kingdom.

Jadestone Energy

Market Cap: UK£155.4m

Operates as an independent oil and gas development and production company in Australia, Malaysia, Indonesia, and Vietnam.

Impax Asset Management Group

Market Cap: UK£148.7m

A publicly owned investment manager.

Liontrust Asset Management

Market Cap: UK£147.7m

Liontrust Asset Management Plc is a publicly owned investment manager.

M&C Saatchi

Market Cap: UK£141.2m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.

dotdigital Group

Market Cap: UK£135.9m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

BRCK Group

Market Cap: UK£132.2m

Distributes specialist products and services to the construction industry in the United Kingdom.It operates through four segments: Bricks and Building Materials; Importing; Distribution; and Contracting.

Duke Capital

Market Cap: UK£129.7m

A private equity firm specializing in Management Buyouts, buy-and-build strategies, mid-market, minority buyouts, restructuring investments & royalty financing in small and medium size businesses.

Hostelworld Group

Market Cap: UK£125.1m

Operates as an online travel agent focused on the hostel market worldwide.

Dialight

Market Cap: UK£115.6m

Develops, manufactures, and supplies LED lighting solutions for hazardous and industrial applications in North America, Europe, the Middle East, Africa, and internationally.

Multitude

Market Cap: €133.0m

Provides digital lending and online banking services in Finland.

Eurocell

Market Cap: UK£107.9m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Motorpoint Group

Market Cap: UK£93.2m

Operates as an omnichannel vehicle retailer in the United Kingdom.

Brave Bison Group

Market Cap: UK£84.2m

Provides digital advertising and technology services in the United Kingdom, Europe, and internationally.

Alumasc Group

Market Cap: UK£81.8m

Manufactures and sells building products and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally.

Braemar

Market Cap: UK£70.6m

Provides shipbroking services in the United Kingdom, Singapore, Australia, Switzerland, the United States, Germany, and internationally.

SDI Group

Market Cap: UK£70.6m

Designs and manufactures scientific and technology products based on digital imaging and sensing and control applications worldwide.

Topps Tiles

Market Cap: UK£69.9m

Engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom.