Global Undervalued based on future growth

Embark Early Education

Market Cap: AU$128.4m

Provides early childhood education and care services in Australia.

NobleOak Life

Market Cap: AU$128.1m

Engages in underwriting life insurance products in Australia.

Kawan Food Berhad

Market Cap: RM 350.1m

An investment holding company, manufactures, trades in, distributes, and sells frozen food products.

Thai Plaspac

Market Cap: ฿2.7b

Manufactures and distributes plastic packaging products in Thailand and internationally.

Saga Communications

Market Cap: US$82.4m

A media company, acquires, develops, and operates broadcast properties in the United States.

Nynomic

Market Cap: €70.6m

Manufactures and sells products for the spectroscopy, sensor technology, laboratory automation and medical technology, agriculture and environmental technology, and industrial markets worldwide.

Abéo

Market Cap: €69.9m

Engages in the design, manufacture, and distribution of sports and leisure equipment in France and internationally.

Omer-Decugis & Cie

Market Cap: €68.7m

Produces and sells fresh fruits and vegetables in France and internationally.

GnBS ecoLtd

Market Cap: ₩111.4b

Designs, produces, and sells products for preventing environmental pollution in South Korea.

HSS Engineers Berhad

Market Cap: RM 338.1m

An investment holding company, provides engineering and project management primarily in Malaysia, the Middle East, Cambodia, the Philippines, India, and Indonesia.

IBN SINA Pharmaceutical Industry

Market Cap: ৳9.6b

Produces and sells pharmaceutical drugs in Bangladesh and internationally.

Elektroimportøren

Market Cap: NOK 804.9m

Engages in the sale of electrical installation products to private and professional customers in Norway.

Ultrafabrics HoldingsLtd

Market Cap: JP¥11.7b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.

MLG Oz

Market Cap: AU$120.6m

Provides mine site and supply chain solutions in Western Australia and the Northern Territory.

Pricer

Market Cap: SEK 746.8m

Provides in-store digital solutions in Europe, the Middle East and Africa, the Americas, and Asia and Pacific.

Mare Engineering Group

Market Cap: €66.7m

Operates as an engineering consultancy company that provides various services in the consulting, digital, and industrial sectors in Italy, Brazil, the Czech Republic, and Slovakia.

Moulinvest

Market Cap: €66.3m

Operates in the wood industry business in France.

Alquiber Quality

Market Cap: €66.0m

Provides industrial and commercial vehicle rental services for SMEs and large companies in Spain.

S Chand

Market Cap: ₹6.7b

S Chand and Company Limited, an education content company, develops and delivers content, solutions, and services for the early learning, K-12, and higher education segments in India.

MAG Holdings Berhad

Market Cap: RM 323.4m

An investment holding company, engages in the prawn aquaculture business in Malaysia.

Mughal Iron & Steel Industries

Market Cap: PK₨21.6b

Manufactures and trades in mild steel products in Pakistan.

Alfabs Australia

Market Cap: AU$117.5m

Engages in the mining equipment and engineering business in Australia.

G5 Entertainment

Market Cap: SEK 724.2m

Develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden.

CombinedX

Market Cap: SEK 723.4m

Provides technology solutions to companies and organizations.

Patria Bank

Market Cap: RON 327.9m

A credit institution, provides banking and other financial services to individual, small and medium enterprises, agribusinesses, and corporate customers in Romania.

Herige

Market Cap: €64.5m

Engages in the trading of building materials for professional and DIY customers primarily in France.

Ecocera Optronics

Market Cap: NT$2.3b

Manufactures and sells ceramics circuit boards in Taiwan.

Internet Thailand

Market Cap: ฿2.4b

Provides ICT infrastructure services in Thailand.

Nordisk Bergteknik

Market Cap: SEK 712.6m

Provides rock handling and foundation solutions in Sweden, Norway, Finland, and internationally.

ILPRA

Market Cap: €63.3m

Engages in the design, production, and sale of packaging machines worldwide.

Tobii

Market Cap: SEK 704.6m

Develops and sells eye-tracking technology and solutions in Sweden, Europe, Middle East, Africa, the United States, and internationally.

TRUEN

Market Cap: ₩102.0b

Engages in the manufacture and sale of video surveillance systems primarily in South Korea.

United U-LI Corporation Berhad

Market Cap: RM 309.3m

An investment holding company, manufactures and trades in steel cable support systems, cable management systems, integrated ceiling systems, building materials, fluorescent light fittings, and LED products in Malaysia and internationally.

Miko

Market Cap: €62.6m

Engages in the coffee roasting business under the Miko brand name in Belgium, France, the Netherlands, the United Kingdom, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, and Australia.

Rayence

Market Cap: ₩100.9b

Engages in the development, manufacture, and sale of digital X-ray detector products for dental, medical, veterinary, and industrial sectors in South Korea, the United States, Mexico, China, and internationally.

Staffline Group

Market Cap: UK£53.6m

Provides recruitment and outsourced human resource services in the United Kingdom and the Republic of Ireland.