Global Undervalued based on future growth

Confinvest F.L

Market Cap: €13.2m

Operates in gold coins, bars, ingots, and silver related businesses in Italy.

Convergenze. Società Benefit

Market Cap: €13.1m

gas services. The company offers fiber optic network, FTTH, and WiFi; fixed telephony services; and value-added services such as cloud services, datacenter, and virtualization services.

Bizmates

Market Cap: JP¥2.2b

Provides language and talent solutions in Japan and the Philippines.

Arcontech Group

Market Cap: UK£10.5m

Engages in the development and sale of proprietary software in the United Kingdom, rest of Europe, Africa, North America, Australasia, and the Asia Pacific.

Vantea SMART

Market Cap: €12.1m

An Information Technology company, engages in the provision of cybersecurity solutions and services in Italy.

Archos

Market Cap: €11.6m

Manufactures and sells consumer electronics in France.

Les Constructeurs du Bois

Market Cap: €11.6m

Designs and constructs timber buildings in France.

Clemondo Group

Market Cap: SEK 119.1m

Develops, manufactures, and sells a range of hygiene and cleaning products for automotive, medical care, and industrial sectors in Sweden.

Camaroe Berhad

Market Cap: RM 52.0m

A company specializing in the cultivation and distribution of premium tiger shrimps.

Nidaros Sparebank

Market Cap: NOK 124.1m

A savings bank, provides banking services for private and corporate customers in Norway.

Decollte Holdings

Market Cap: JP¥2.0b

Through its subsidiaries, primarily engages in the photo studio business in Japan.

SEI Medical

Market Cap: ฿387.6m

Engages in the distribution of scientific and medical equipment in Thailand.

ESI

Market Cap: €10.4m

Engages in the renewable energy business primarily in Italy.

Arcoma

Market Cap: SEK 107.0m

Develops, produces, and provides radiology solutions and digital x-ray systems in Sweden and internationally.

Oncodesign Precision Medicine Société anonyme

Market Cap: €10.1m

A biopharmaceutical company, engages in the precision medicine business.

Finseta

Market Cap: UK£8.5m

A foreign exchange and payment company, engages in the provision of multi-currency accounts to businesses and individuals.

One Media iP Group

Market Cap: UK£8.0m

Engages in the acquisition and exploitation of mixed media intellectual property rights for distribution through the digital medium and traditional media outlets in the United Kingdom, Europe, North America, and internationally.

Høland og Setskog Sparebank

Market Cap: NOK 103.2m

Provides banking services for the retail and corporate markets in Norway.

Radici Pietro Industries & Brands

Market Cap: €8.7m

Offers textile flooring for offices, residential, and commercial establishments; and professionals in the cruise, ferry, and yacht sectors worldwide.

VNE

Market Cap: €8.4m

Provides technology and devices for the management of banknotes, coins, and payments and transactions through cash and cashless systems in Italy.

Alfio Bardolla Training Group

Market Cap: €8.2m

Operates as a personal financial training company in Italy and internationally.

CleanBnB

Market Cap: €8.2m

Develops, produces, and manages software and data management solutions for real estate management sector.

Masstec Link

Market Cap: ฿297.0m

Distributes engineering products.

High Quality Food

Market Cap: €6.5m

Engages in the production, transformation, and distribution of food products in Italy and internationally.

artec technologies

Market Cap: €6.4m

Develops software and system solutions for the transmission, recording, and analysis of video, audio, and metadata in networks or on the internet in Germany.

Vinext

Market Cap: €6.0m

A winemaking technology and environmental company, engages in the designing, research, production, testing, and marketing of products and machinery for oenology and brewing.

SpaceandPeople

Market Cap: UK£4.2m

Provides commercial and promotional space and retail solutions for businesses to promote and acquire customers in shopping centers, retail parks, railway stations, and other locations in the United Kingdom and Germany.

Cloudia Research

Market Cap: €4.8m

Provides IT solutions in Italy.

coinIX GmbH KGaA

Market Cap: €3.3m

A venture capital firm specializing in pre-seed to series A, startup, early-stage and growth capital investments.

Traumhaus

Market Cap: €2.0m

Engages in the purchase, development, marketing, and sale of real estate properties.

Globavend Holdings

Market Cap: US$2.1m

Provides integrated cross-border logistics services, and air freight forwarding services in Hong Kong, Australia, and New Zealand.

NewGenIvf Group

Market Cap: US$401.1k

An investment holding company, provides an assisted reproductive service that helps couples and individuals for fertility treatments in Thailand, Cambodia, Hong Kong, and Kyrgyzstan.