Global Undervalued based on future growth

Vimi Fasteners

Market Cap: €15.2m

Manufactures and supplies various fastener systems for the automotive, industrial engine and vehicle, oil and gas, and aerospace and motorsport markets in Italy and internationally.

Huize Holding

Market Cap: US$17.2m

Offers online insurance product and service platform through various internet channels in Mainland China, Hong Kong, and internationally.

Notorious Pictures

Market Cap: €14.4m

Engages in the acquisition and production of cinematographic works in Italy.

Confinvest F.L

Market Cap: €13.8m

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

SMRT Holdings Berhad

Market Cap: RM 61.5m

An investment holding company, engages information technology businesses primarily in Malaysia.

Synergy CHC

Market Cap: US$14.6m

Provides consumer health care, beauty, and lifestyle products in the United States, Canada, and the United Kingdom.

Transense Technologies

Market Cap: UK£10.9m

Engages in the provision of specialist sensor systems in the United Kingdom, North America, South America, Australia, Europe, and internationally.

Convergenze. Società Benefit

Market Cap: €12.5m

Provides Internet services, voice, energy, and natural gas services.

SBS Nexus Berhad

Market Cap: RM 56.4m

Provides branding and marketing solutions.

Cleantek Industries

Market Cap: CA$19.6m

Manufactures and markets technology-based equipment in Western Canada and the United States.

Arcontech Group

Market Cap: UK£10.2m

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

Bizmates

Market Cap: JP¥2.1b

Provides language and talent solutions in Japan and the Philippines.

Lemon Sistemi

Market Cap: €11.6m

Designs, constructs, and installs photovoltaic systems and solar thermal systems.

Archos

Market Cap: €11.3m

Manufactures and sells consumer electronics in France.

Nidaros Sparebank

Market Cap: NOK 124.1m

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

Vantea SMART

Market Cap: €11.0m

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

Les Constructeurs du Bois

Market Cap: €10.9m

Designs and constructs timber buildings in France.

Clemondo Group

Market Cap: SEK 116.3m

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

Decollte Holdings

Market Cap: JP¥1.9b

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

ESI

Market Cap: €9.0m

Engages in the renewable energy business primarily in Italy.

Høland og Setskog Sparebank

Market Cap: NOK 99.1m

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

VNE

Market Cap: €8.8m

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

Oncodesign Precision Medicine Société anonyme

Market Cap: €8.7m

A biopharmaceutical company, engages in the precision medicine business.

Finseta

Market Cap: UK£7.4m

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

Radici Pietro Industries & Brands

Market Cap: €8.4m

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

CleanBnB

Market Cap: €7.9m

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

Alfio Bardolla Training Group

Market Cap: €7.7m

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

Raketech Group Holding

Market Cap: SEK 77.2m

Operates as an affiliate and performance marketing company worldwide.

Yakkyo

Market Cap: €6.4m

Operates an e-commerce platform in Italy and internationally.

artec technologies

Market Cap: €5.9m

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

EcoPack

Market Cap: PK₨1.8b

Engages in the manufacture and sale of polyethylene terephthalate (PET) bottles and preforms for the beverages and other liquid packaging industries in Pakistan.

High Quality Food

Market Cap: €5.6m

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

Vinext

Market Cap: €5.5m

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£4.0m

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: €4.6m

Provides IT solutions in Italy.

Nitro Games Oyj

Market Cap: SEK 37.4m

Develops and publishes mobile games in the European Union, North America, the United Kingdom, and internationally.