Global Potentially Undervalued Small Caps

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.

Rebl Group Oyj

Market Cap: €14.3m

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

Svas Biosana

Market Cap: €47.8m

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

SciDev

Market Cap: AU$34.2m

Engages in the provision of environmental solutions focused on water intensive industries in Australia, the United States, Asia, and internationally.

Reckon

Market Cap: AU$54.4m

Provides software solutions in Australia, New Zealand, the United States, and internationally.

ReadCloud

Market Cap: AU$11.5m

Provides eLearning software and industry based training solutions to schools and educational institutions in Australia.

Nice D&B

Market Cap: ₩85.2b

Operates as a corporate credit information provider in South Korea.

Rubicon Water

Market Cap: AU$34.9m

Designs, manufactures, installs, and maintains irrigation automation software and hardware in Australia, New Zealand, Asia, and internationally.

ItcenentecLtd

Market Cap: ₩74.6b

Engages in the system integration business in South Korea.

Orion Energy Systems

Market Cap: US$39.1m

Researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany.

Nanalysis Scientific

Market Cap: CA$19.4m

Develops, manufactures, and sells magnetic resonance technology products in Canada, the United States, Europe, Asia, and internationally.

Diamond Estates Wines & Spirits

Market Cap: CA$10.9m

Produces, markets, distributes, and sells wines in Canada.

Eezy Oyj

Market Cap: €4.4m

Engages in the provision of staffing, professional, and light entrepreneurship services in Finland.

Wetteri Oyj

Market Cap: €29.4m

Operates a car dealership business in Finland.

Cambridge Cognition Holdings

Market Cap: UK£15.3m

Develops and markets digital solutions for the assessment of brain health in the United States, United Kingdom, the European Union, and internationally.

AOTI

Market Cap: UK£40.9m

Produces, rents, and sells medical devices to resolve severe acute and chronic wounds for customers worldwide.

Navamedic

Market Cap: NOK 472.4m

A pharmaceutical company, develops, produces, markets, and sells pharmaceuticals and related products in Norway, Sweden, Denmark, Finland, the Netherlands, and internationally.

DocGo

Market Cap: US$53.2m

Operates as a mobile healthcare services company in the United States and the United Kingdom.

YOC

Market Cap: €25.4m

Operates as a mobile advertising company in Germany and internationally.

Careium

Market Cap: SEK 496.3m

Provides technology-enabled care services in Sweden, Norway, the United Kingdom, the Netherlands, Germany, France, and Spain.

ATON Green Storage

Market Cap: €6.3m

Engages in the production and sale of storage systems for photovoltaic systems and battery energy storage system.

EcoUp Oyj

Market Cap: €10.1m

Develops, manufactures, and sells construction products and raw materials in Finland, EU Countries, and internationally.

Cofle

Market Cap: €12.0m

Engages in the design, production, sale, and marketing of control cables and control systems worldwide.

Prologue

Market Cap: €21.7m

A technology company, engages in the provision of software publishing and IT services for large and medium-sized businesses in France, Spain, the United States, and Latin America.

Siav

Market Cap: €19.4m

Offers software solutions and IT services for enterprise content management industry.

SpaceandPeople

Market Cap: UK£3.7m

Provides commercial and promotional space and retail solutions for businesses to promote and acquire customers in shopping centers, retail parks, railway stations, and other locations in the United Kingdom and Germany.

Wästbygg Gruppen

Market Cap: SEK 227.9m

Operates as a construction and project development company in Sweden, Norway, Denmark, and Finland.

LifeVantage

Market Cap: US$52.9m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, weight management, pre and pro-biotics and skin and hair care products internationally.

Plastiques du Val de Loire

Market Cap: €46.3m

Designs and manufactures plastic parts in Europe and North America.

Tekmar Group

Market Cap: UK£17.4m

Designs, manufactures, and supplies subsea stability and protection technology to offshore energy markets.

Shearwater Group

Market Cap: UK£9.1m

Provides cyber security, managed security, and professional advisory solutions for corporate clients in the United Kingdom, rest of Europe, North America, and internationally.

KIYO LearningLtd

Market Cap: JP¥3.9b

Engages in the planning, production, sale, and operation of educational content and services for individuals and companies in Japan.

TOKYO KOATSU

Market Cap: JP¥1.9b

Manufactures and sells industrial gases.

Erection Electromechanics Testing JSC

Market Cap: ₫29.4b

Provides technological research and development services to the machinery erection sector.

Dosni Roha Indonesia

Market Cap: Rp125.5b

Through its subsidiaries, engages in trading, export-import, logistic, and information technology (IT) businesses in Indonesia.

Strata Investment Holdings

Market Cap: AU$27.1m

Operates as a resource exploration and development company in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, Australasia, and the Americas.