Global Potentially Undervalued Small Caps

Netgem

Market Cap: €27.5m

Develops, operates, and distributes the NetgemTV digital video entertainment platform in France and Europe.

Ifirma

Market Cap: zł154.6m

IFirma SA provides accounting services. The company offers services and tools for tax settlements and supporting business activities.

ENEFI Vagyonkezelo Nyrt

Market Cap: Ft2.0b

Engages in the production and sale of thermal energy in Hungary, Cyprus, and Romania.

Biohit Oyj

Market Cap: €38.5m

A biotechnology company, manufactures and sells bind acetaldehyde, diagnostic products, and systems for diagnostic analysis for the use of research institutions, healthcare, and industry worldwide.

Ridgetech

Market Cap: US$190.2k

Operates as a wholesale distributor of pharmaceutical and other healthcare products in the People’s Republic of China.

Examobile

Market Cap: zł7.8m

Designs and develops utility applications and games for individual and business customers in the European Union and internationally.

Fair Value REIT-AG

Market Cap: €44.9m

A real estate investment trust focused on owning and managing Commercial real estate in German regional centers.

Transition Metals

Market Cap: CA$5.7m

Engages in the acquisition and exploration of mineral properties in Canada and the United States.

Inter Industries Plus

Market Cap: ₪129.1m

Engages in the energy and infrastructure businesses in Israel.

Elspec Engineering

Market Cap: ₪83.6m

Develops, manufactures, and markets power quality solutions and services to the industrial, commercial, and utility sectors in the United States, Canada, and internationally.

Solid World Group

Market Cap: €11.9m

Provides 3D technologies in Italy.

AGM Group Holdings

Market Cap: US$2.8m

A technology company, engages in the sale of cryptocurrency mining machine and standardized computing equipment in China, Hong Kong, and Singapore.

Easor Oyj

Market Cap: €26.8m

Through its subsidiaries, provides financial management SaaS Solutions in Finland, Sweden, Spain and Italy.

TR Hotel Jardin Del Mar

Market Cap: €300.0k

Engages in the operation of its hotel establishment in Spain.

Pacific Health Care Organization

Market Cap: US$11.5m

Operates as a workers’ compensation cost containment company in the United States.

Conygar Investment

Market Cap: UK£14.0m

The Conygar Investment Company PLC (Conygar) is an AIM quoted property investment and development group dealing in UK property.

Yakkyo

Market Cap: €8.8m

Operates an e-commerce platform in Italy.

WORK Medical Technology Group

Market Cap: US$111.6k

Through with its subsidiaries, manufactures and sells medical consumables and devices in the People’s Republic of China and internationally.

Sostravel.com

Market Cap: €3.9m

Provides digital services for travelers in Italy, rest of Europe, and internationally.

City Service

Market Cap: zł205.5m

Provides facility management and integrated utility services in Lithuania and Latvia.

Griñó Ecologic

Market Cap: €40.7m

Provides environmental and waste treatment services in Spain.

CrowdFundMe

Market Cap: €2.1m

Operates a crowdfunding portal for companies and investor to raise funding.

Innovative Food Holdings

Market Cap: US$15.0m

Distributes specialty food and food related products to restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses in the United States.

Poulaillon

Market Cap: €45.7m

Manufactures and sells fresh and frozen bakery and pastry products in France.

ZTEST Electronics

Market Cap: US$8.6m

Through its subsidiary, Permatech Electronics Corporation, designs, develops, and assembles printed circuit boards in Canada.

WISE Finance

Market Cap: zł26.7m

Provides consulting services in real estate sector in Poland.

Turbon

Market Cap: €8.3m

Engages in the development, production, and sale of typeface printing accessories in Europe, the United States, and Asia.

Helium Evolution

Market Cap: CA$34.2m

Operates as a helium exploration and production company in southern Saskatchewan.

Biogened

Market Cap: zł44.5m

Produces and sells cosmetics and toiletries in Poland.

MedNation

Market Cap: €11.8m

Operates facilities for outpatient and inpatient orthopedics, geriatrics, and internal medicine in Germany.

Eric Solis Marketing

Market Cap: TT$35.0m

Engages in the selling, rental and maintenance of office printers and photocopiers, office furniture and commercial interiors in Trinidad & Tobago.

Manhattan Bridge Capital

Market Cap: US$49.0m

A real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States.

Community Bancorp of Santa Maria

Market Cap: US$42.7m

Operates as the bank holding company for Community Bank of Santa Maria that provides various banking products and services for businesses and individuals.

ATC Music Group

Market Cap: UK£39.9m

An independent music company, provides music industry services in the United Kingdom, rest of Europe, the United States, and internationally.

Odyssee Technologies

Market Cap: €31.1m

Engages in the provision of precision mechanics for the aeronautics, defense, space and energy markets.

Conduril - Engenharia

Market Cap: €27.0m

Engages in the marketing, sale, execution, and construction of civil engineering works in Portugal, Angola, Mozambique, Zambia, Malawi, and Gabon.