Global Undervalued based on future growth

Lemon Sistemi

Market Cap: €11.7m

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

Archos

Market Cap: €11.3m

Manufactures and sells consumer electronics in France.

Bizmates

Market Cap: JP¥2.0b

Provides language and talent solutions in Japan and the Philippines.

Les Constructeurs du Bois

Market Cap: €10.7m

Designs and constructs timber buildings in France.

Nidaros Sparebank

Market Cap: NOK 119.6m

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

Vantea SMART

Market Cap: €10.5m

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

Clemondo Group

Market Cap: SEK 110.8m

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: €9.9m

Engages in the renewable energy business primarily in Italy.

Høland og Setskog Sparebank

Market Cap: NOK 105.3m

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: €8.6m

A biopharmaceutical company, engages in the precision medicine business.

Radici Pietro Industries & Brands

Market Cap: €7.9m

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

Alfio Bardolla Training Group

Market Cap: €7.8m

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

CleanBnB

Market Cap: €7.4m

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

Finseta

Market Cap: UK£6.3m

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

Raketech Group Holding

Market Cap: SEK 71.4m

Operates as an affiliate and performance marketing company worldwide.

artec technologies

Market Cap: €6.5m

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

Yakkyo

Market Cap: €6.4m

Operates an e-commerce platform in Italy and internationally.

EcoPack

Market Cap: PK₨1.9b

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: €5.5m

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

Vinext

Market Cap: €4.6m

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.

Techno Electrical Management Equipment Solutions

Market Cap: €3.2m

Techno Electrical Management Equipment Solutions S.p.A.

Nitro Games Oyj

Market Cap: SEK 34.6m

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

coinIX GmbH KGaA

Market Cap: €3.1m

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.

NewGenIvf Group

Market Cap: US$926.7k

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