Global Tech Undervalued over 20% based on DCF

Amper

Market Cap: €386.9m

Engages in defense and national security, and energy and sustainability businesses in Spain and internationally.

Ryoden

Market Cap: JP¥71.4b

Sells factory automation (FA) systems, cooling and heating systems, information and communication technologies (ICT), building systems, smart-agri, green network, healthcare, and electronics businesses in Japan and internationally.

Argosy Research

Market Cap: NT$14.0b

Manufactures and sells of electronic components and connectors in Asia, the United States, and internationally.

Quadient

Market Cap: €370.8m

Provides digital, mail, and lockers for customers through digital and physical channels in North America, France, Benelux, the United Kingdom, Ireland and Germany, Austria, Italy, Switzerland, and internationally.

Yashima Denki

Market Cap: JP¥66.9b

Engages in the plant, public/facilities, and transportation businesses in Japan and internationally.

Ribbon Communications

Market Cap: US$395.1m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Big Technologies

Market Cap: UK£283.5m

Engages in the development and delivery of remote monitoring technologies and services to the offender and remote personal monitoring industry under the Buddi brand name.

Nissha

Market Cap: JP¥60.5b

Engages in industrial materials, devices, medical technologies, information and communication, and pharmaceutical and cosmetics businesses in Japan and internationally.

Huizhong Instrumentation

Market Cap: CN¥2.5b

Engages in the manufacture and sale of ultrasonic water meters, heat meters, flowmeters, and metering systems in China and internationally.

Meter Instruments

Market Cap: CN¥2.4b

Engages in the research, development, production, and sale of intelligent ultrasonic water meters and heat meters in China and internationally.

Incap Oyj

Market Cap: €294.5m

Provides electronics manufacturing services in Europe, North America, and Asia.

Nagano Keiki

Market Cap: JP¥54.7b

Manufactures and sells pressure gauges and sensors, measurement and control equipment, and other products in Japan and internationally.

Ependion

Market Cap: SEK 3.1b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Funkwerk

Market Cap: €274.0m

Provides communication, information, and security systems in Germany, the European Union, the European Free Trade Association, and internationally.

TSC Auto ID Technology

Market Cap: NT$8.9b

Engages in the manufacture and service of auto-identification systems/products worldwide.

Addvalue Technologies

Market Cap: S$327.8m

An investment holding company, provides satellite-based communication and digital broadband products and solutions in Europe, the Middle East, and Africa, North America, and the Asia Pacific.

Sumida

Market Cap: JP¥40.1b

Researches, designs, develops, manufactures, and sells electronic components in Japan, the United States, China, Hong Kong, Germany, the rest of the Asia Pacific, the rest of the European Union, the rest of North America, and internationally.

Planet Technology

Market Cap: NT$8.0b

Engages in research, development, manufacturing, import, export, and trading of computers and peripheral equipment, internet equipment, and software.

Takebishi

Market Cap: JP¥38.5b

Operates as a technological trading company primarily in Japan.

SAXA

Market Cap: JP¥37.2b

Through its subsidiaries, develops, manufactures, and sells equipment and parts for information and communication systems in Japan.

Hibino

Market Cap: JP¥36.5b

Designs, sells, installs, and maintains audio equipment in Japan and internationally.

Smart Eye

Market Cap: SEK 2.1b

Develops human insight artificial intelligence (AI) technology solutions that understand, support, and predict human behavior in the Nordics countries, the rest of Europe, North America, Asia, and internationally.

Tantalus Systems Holding

Market Cap: CA$294.4m

A technology company, provides smart grid solutions in Canada and the United States.

Suprema

Market Cap: ₩310.1b

Develops and manufactures biometric and security products in South Korea and internationally.

KHVATECLtd

Market Cap: ₩298.8b

Manufactures and sells ICT components and modules worldwide.

Interflex

Market Cap: ₩285.8b

Manufactures and sells flexible printed circuit boards in South Korea.

Ubiquoss Holdings

Market Cap: ₩277.6b

Manufactures and sells wired Internet data transmission equipment, such as Ethernet switch, FTTH (fiber-to-the-home) solutions, and VDSL2 equipment.

GROUPE SFPI

Market Cap: €148.9m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

D-Link (India)

Market Cap: ₹15.1b

Engages in the marketing and distribution of D-Link branded networking products for consumers, small businesses, medium to large-sized enterprises, and service providers in India.

Ubiquoss

Market Cap: ₩237.6b

Manufactures and sells wired Internet data transmission equipment.

Neways Electronics International

Market Cap: €156.4m

Neways Electronics International N.V. engages in the designing and manufacturing of electronics and box-build assemblies in Germany, the Netherlands, Europe, the United States, and Asia.

Scanway

Market Cap: zł572.0m

Develops and commercializes optical instruments for earth observation and satellite self-diagnostics in Poland.

DASAN Networks

Market Cap: ₩228.6b

Provides networking solutions worldwide.

SEMITEC

Market Cap: JP¥23.6b

Engages in the manufacture and sale of electronic components in Japan and internationally.

Microprogram InformationLtd

Market Cap: NT$4.7b

Engages in the research and development of computer hardware and software in Taiwan, Mainland China, and Europe.

Hokuriku Electric IndustryLtd

Market Cap: JP¥21.9b

Engages in the development, manufacturing, and sale of electronic components in Japan and internationally.