Global Potentially Undervalued Small Caps

Alfabs Australia

Market Cap: AU$89.0m

Engages in the mining equipment and engineering business in Australia.

Kinatico

Market Cap: AU$64.8m

Provides screening, verification, and SaaS-based workforce management and compliance technology systems in Australia and New Zealand.

Decollte Holdings

Market Cap: JP¥2.0b

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

Mr.Bricolage

Market Cap: €47.1m

Engages in retailing of renovation, home, and garden decoration products.

Mentice

Market Cap: SEK 362.8m

Develops, sells, and markets solutions for training and decision support in the clinical area of interventional angiography in cardiology, neurology, vascular surgery, and radiology.

Avensia

Market Cap: SEK 273.2m

Provides e-commerce solutions in Sweden.

Don't Nod Entertainment

Market Cap: €6.2m

Don't Nod Entertainment S.A. develop and publishes video games on PC and consoles worldwide.

Icape Holding

Market Cap: €41.2m

Engages in the manufacture, distribution, and sale of printed circuit boards (PCBs) and customized technical parts worldwide.

Oncodesign Precision Medicine Société anonyme

Market Cap: €8.8m

A biopharmaceutical company, engages in the precision medicine business.

Lords Group Trading

Market Cap: UK£32.0m

Distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers.

Goldplat

Market Cap: UK£25.2m

Operates as a mining services company in South Africa and Ghana.

Panostaja Oyj

Market Cap: €15.4m

A private equity firm specializing in investments through corporate acquisitions, industry consolidations, buyout, growth capital and in small and medium-sized companies through acquisitions in sectors undergoing growth.

Headlam Group

Market Cap: UK£24.6m

Engages in the sale, marketing, supply, and distribution of floorcovering and other ancillary products in the United Kingdom and Continental Europe.

Terranor Group

Market Cap: SEK 466.0m

Operates as infrastructure and road maintenance company in Sweden, Denmark, and Finland.

Generic Sweden

Market Cap: SEK 436.4m

A technology company, provides messaging services for all applications.

Componenta

Market Cap: €43.9m

Operates as a contract manufacturer of metal components in Finland, Sweden, Germany, European, and internationally.

Energy Time

Market Cap: €27.2m

Operates as an engineering, procurement, and construction company.

ABO Energy GmbH KGaA

Market Cap: €53.4m

Develops renewable energy projects in Germany and internationally.

Ultimate Products

Market Cap: UK£37.5m

Supplies branded household products in the United Kingdom, Rest of Europe, and internationally.

LPA Group

Market Cap: UK£6.9m

Engages in the design, manufacture, and marketing of industrial electrical and electronic products in the United Kingdom, rest of Europe, and internationally.

Angler Gaming

Market Cap: SEK 269.9m

Invests in companies that offer gaming services through the internet in Malta.

Bilot Oyj

Market Cap: €23.2m

Bilot Oyj, a software and IT service company, provides digital services and solutions in Finland.

GMO Pepabo

Market Cap: JP¥10.0b

Provides internet services in Japan.

Janison Education Group

Market Cap: AU$29.9m

Provides online assessment software, assessment products, and assessment services in Australia, New Zealand, Asia, and internationally.

AVA Risk Group

Market Cap: AU$15.1m

Provides risk management technologies in Australia, Europe, Asia Pacific, India, Middle East, North Africa, the United States, and internationally.

Central Petroleum

Market Cap: AU$69.1m

Engages in the development, production, processing, and marketing of hydrocarbons, including natural gas, and crude oil and condensate in Australia.

Zixin Group Holdings

Market Cap: S$62.3m

An investment holding company, engages in the research and development, cultivation, production, supply, and sale of sweet potato snack food products in the People’s Republic of China.

Medical Developments International

Market Cap: AU$45.1m

Manufactures and distributes emergency medical solutions in Australia, Asia, Europe, the United States, and internationally.

Boule Diagnostics

Market Cap: SEK 151.8m

Develops, manufactures, and markets instruments and consumable products for blood diagnostics in the United States of America, Asia, Eastern Europe, Latin America, Western Europe, Africa, and the Middle East.

Critical Holdings Berhad

Market Cap: RM 236.1m

An investment holding company, provides MEP design and engineering solutions for data centers, cleanrooms, and plantrooms in Malaysia and Singapore.

Dusk Group

Market Cap: AU$48.6m

Dusk Group Limited retails scented and unscented candles, home decor, home fragrances, and gift solutions in Australia.

Upsales Technology

Market Cap: SEK 353.6m

Operates as a software-as-a-service company that develops and sells web-based business systems with a focus on sales, marketing, and analysis in Sweden and internationally.

Spartoo SAS

Market Cap: €4.2m

SPARTOO SAS operates as an online retailer for fashion items in Europe.

AdUX

Market Cap: €10.1m

Provides advertising services in France, Belgium, Italy, Spain, Germany, and the Netherlands.

QleanAir

Market Cap: SEK 389.3m

Provides air cleaning solutions for indoor environments in Sweden and internationally.

Mexedia Società Per Azioni S.B

Market Cap: €46.7m

Engages in the provision of technologies for the telecommunications and business services sector in Italy.