Global Potentially Undervalued Small Caps

KMD Brands

Market Cap: NZ$53.4m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brand names.

ISOTeam

Market Cap: S$61.3m

Operates in the building maintenance and estate upgrading industry in Singapore.

Cabka

Market Cap: €44.0m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

CENIT

Market Cap: €52.7m

Provides software solutions and associated software consulting and integration services.

Maisons du Monde

Market Cap: €44.7m

Through its subsidiaries, provides home and living room related products in France and internationally.

Camplify Holdings

Market Cap: AU$15.6m

Operates peer-to-peer digital marketplace platforms to connect recreational vehicle (RV) owners to hirers in Australia, New Zealand, Spain, United Kingdom, Germany, Austria and the Netherlands.

ARN Media

Market Cap: AU$73.6m

Operates as a media and entertainment company in Australia and Hong Kong.

Uzma Berhad

Market Cap: RM 238.1m

An investment holding company, operates as an integrated energy and technology company in Malaysia and internationally.

Platform Group

Market Cap: €55.1m

A software company, operates online platforms for B2B and B2C customers.

Peoplein

Market Cap: AU$65.5m

Provides staffing, business, and operational services in Australia, New Zealand, and Singapore.

Kooth

Market Cap: UK£38.8m

Provides digital mental health services to children, young people, and adults in the United Kingdom.

Peraso

Market Cap: US$12.6m

A fabless semiconductor company, develops, markets, and sells semiconductor devices and antenna modules in North America, Hong Kong, Taiwan, and internationally.

Trajan Group Holdings

Market Cap: AU$61.0m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

WidePoint

Market Cap: US$48.7m

Provides technology management as a service (TMaaS) to the government and business enterprises in the United States and Europe.

Dovre Group

Market Cap: €7.9m

Provides project management services worldwide.

Smith Micro Software

Market Cap: US$18.5m

Develops and sells software solutions to simplify and enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa.

FLECT

Market Cap: JP¥5.6b

Engages in the provision of multi-cloud integration services for digital transformation in Japan.

Silver Life

Market Cap: JP¥9.6b

A franchise management company, provides food delivery services in Japan.

Allcore

Market Cap: €15.4m

Through its subsidiaries, provides tax and business consulting services for small and medium-sized businesses in Italy.

Pintaras Jaya Berhad

Market Cap: RM 230.6m

An investment holding company, engages in undertaking of piling contracts, civil engineering, and building construction works in Malaysia and Singapore.

SHINKO

Market Cap: JP¥4.1b

Provides maintenance services, IT solutions, and human resource services in Japan.

TruGolf Holdings

Market Cap: US$2.9m

Through its subsidiary, engages in the design, development, manufacture, and sale of golf simulators for residential and commercial applications in the United States.

NTG Clarity Networks

Market Cap: CA$50.7m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

TradeDoubler

Market Cap: SEK 400.0m

Provides performance marketing and technology solutions for publishers and advertisers in Europe.

ecotel communication ag

Market Cap: €23.4m

Engages in the marketing of information and telecommunications solutions for startups, and small and medium-sized companies in Germany and internationally.

Vantea SMART

Market Cap: €9.8m

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

Transense Technologies

Market Cap: UK£9.8m

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

Magis

Market Cap: €56.4m

Engages in the manufacture and sale of adhesive tapes and similar products for disposable nappies and adult incontinence products.

Xenia Hôtellerie Solution. Società Benefit

Market Cap: €9.0m

Operates in the hospitality sector.

Witted Megacorp Oyj

Market Cap: €21.0m

Develops and sells software development solutions in Finland and internationally.

G5 Entertainment

Market Cap: SEK 431.7m

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

Aallon Group Oyj

Market Cap: €34.7m

Provides accounting services in Finland.

Nextedia

Market Cap: €13.3m

Provides cybersecurity, cloud and digital workspace, and customer experience solutions in France.

LION E-Mobility

Market Cap: €15.3m

Through its subsidiaries, engages in the development, production, and distribution of battery modules and packs, and battery management systems in Switzerland.

Duell Oyj

Market Cap: €11.1m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

IMS

Market Cap: zł71.4m

Primarily provides sensory marketing services in Poland.