Global Potentially Undervalued Small Caps

Società Editoriale Il Fatto

Market Cap: €5.4m

Operates as an independent multimedia publisher in Italy.

MS Industrie

Market Cap: €39.2m

Primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

INTERSHOP Communications

Market Cap: €19.7m

Offers ecommerce solutions in Germany, rest of Europe, and internationally.

Lamor Corporation Oyj

Market Cap: €27.0m

Provides environmental solutions and technologies worldwide.

PLAYSTUDIOS

Market Cap: US$59.5m

Develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally.

Exasol

Market Cap: €52.9m

A technology company, engages in the provision of an analytics engine to access and analyze a company’s data in Germany, Austria, Switzerland, Europe, the United Kingdom, and the United States.

Time Finance

Market Cap: UK£39.9m

Provides financial products and services to consumers and businesses in the United Kingdom.

Robit Oyj

Market Cap: €20.8m

Provides drilling consumables for surface mining, construction, geotechnical, and well drilling industries in Finland and internationally.

TScan Therapeutics

Market Cap: US$63.7m

A clinical-stage biotechnology company, develops T cell receptor-engineered T cell (TCR-T) therapies for the treatment of patients with cancer in the United States.

LeadDesk Oyj

Market Cap: €22.6m

Provides provides cloud-based contact center for sales outreach and customer service in Finland.

Inuvo

Market Cap: US$27.4m

An advertising technology and services company, develops and commercializes large language generative artificial intelligence that discovers and targets digital audiences in the United States.

Traumhaus

Market Cap: €2.0m

Engages in the purchase, development, marketing, and sale of real estate properties.

Raketech Group Holding

Market Cap: SEK 79.1m

Operates as an affiliate and performance marketing company worldwide.

Ornsirin Holding

Market Cap: ฿1.2b

Engages in the development and sale of real estate properties in Thailand.

Tonking New Energy Group Holdings

Market Cap: HK$196.3m

An investment holding company, engages in the renewable energy business in the People’s Republic of China.

Vishnu Prakash R Punglia

Market Cap: ₹5.3b

Engages in engineering, procurement, and construction of infrastructure projects in India.

Xiabuxiabu Catering Management (China) Holdings

Market Cap: HK$483.3m

An investment holding company, operates Chinese hotpot restaurants in the People’s Republic of China and internationally.

EPX

Market Cap: AU$19.0m

Provides building energy management solutions for commercial real estate in Australia, Asia, the United Kingdom, and the Middle East.

Baguio Green Group

Market Cap: HK$444.1m

An investment holding company, provides environmental and related services in Hong Kong, Mainland China, and Southeast Asia.

Yulchon

Market Cap: ₩37.7b

Manufactures and sells cold drawing precision steel tubes in South Korea and internationally.

Nova Eye Medical

Market Cap: AU$35.6m

Designs, develops, manufactures, markets, and sells surgical devices for the treatment of glaucoma in Australia, the United States, Europe, the Asia Pacific, and internationally.

Physitrack

Market Cap: SEK 143.1m

Provides digital healthcare solutions in the United Kingdom, Europe, North America, and internationally.

Belysse Group

Market Cap: €24.1m

Manufactures and sells textile floor coverings for commercial and residential applications in Europe, North America, and internationally.

Sogn Sparebank

Market Cap: NOK 235.2m

Provides various banking products and services in Norway.

Nordic LEVEL Group AB (publ.)

Market Cap: SEK 116.0m

Provides safety and security solutions primarily in Sweden.

Plásticos Compuestos

Market Cap: €8.9m

Engages in the design, production, and marketing of mineral fillers, and color concentrates and additives for the plastics processing industry in Spain, Germany, France, and internationally.

Garo Aktiebolag

Market Cap: SEK 579.0m

Develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

Decibel Cannabis

Market Cap: CA$69.2m

An integrated cannabis company, engages in the cannabis cultivation in Canada.

DBA Group

Market Cap: €37.2m

Provides consultancy, architecture, engineering, and project management services.

BQE Water

Market Cap: CA$90.0m

A water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally.

Svas Biosana

Market Cap: €47.8m

SVAS Biosana S.p.A. engages in the production and marketing of medical devices worldwide.

Webstep

Market Cap: NOK 476.3m

Provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden.

Rebl Group Oyj

Market Cap: €14.3m

Primarily engages in the printing and design of magazines and newspapers business in Finland.

Traws Pharma

Market Cap: US$12.7m

A clinical-stage biopharmaceutical company, develops small-molecule oral product candidates for respiratory viral diseases and cancer.

Harvard Bioscience

Market Cap: US$21.7m

Develops, manufactures, and sells technologies, products, and services for life science applications in the Americas, Europe, the Middle East, Africa, Asia, and internationally.

Pyramid

Market Cap: €8.4m

Engages in the development and manufacture of information technology solutions for the retail, financial, and industrial market.