Global Potentially Undervalued Small Caps

Elve

Market Cap: €18.9m

Designs, manufactures, and sells ready-made garments in France and internationally.

Frigo-Pak Gida Maddeleri Sanayi ve Ticaret

Market Cap: ₺1.3b

Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S.

Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi

Market Cap: ₺794.3m

Engages in the oil facility operation and tourism activities.

Shirai Electronics Industrial

Market Cap: JP¥6.3b

Manufactures printed circuit visual inspection machine boards in Japan and internationally.

Progress Technologies Group

Market Cap: JP¥7.2b

Provides consulting, engineering, and digital integration services for manufacturing companies in Japan.

MPC Caribbean Clean Energy

Market Cap: JA$808.3m

Together with its subsidiary, focuses on investing in renewable energy projects in Jamaica, Trinidad and Tobago, and the Caribbean and Central American region.

DSR

Market Cap: ₩66.6b

DSR Corporation engages in the manufacture and sale of wires and wire ropes worldwide.

PRONI

Market Cap: JP¥5.5b

Owns and operates a business to business (B2B) ordering platform.

Value CreationLtd

Market Cap: JP¥961.7m

Engages in the marketing DX business.

Energía Latina

Market Cap: CL$43.8b

Engages in the generation and sale of electricity in Chile.

XBS PRO-LOG

Market Cap: zł62.0m

Provides logistics and warehousing services in Poland.

Continental Seeds and Chemicals

Market Cap: ₹159.4m

Engages in developing, processing, grading, and supplying agricultural foundation and certified seeds in India.

Hammock

Market Cap: JP¥5.5b

Develops and sales corporate software.

Life Foods

Market Cap: JP¥5.9b

Operates a chain of Japanese-style restaurants in Japan.

Aiming

Market Cap: JP¥8.4b

Engages in the planning, production, development, and operation of online games for PCs, smartphones, and home game consoles in Japan and internationally.

Mackenzie Master Limited Partnership

Market Cap: CA$3.4m

Mackenzie Master Limited Partnership pays selling commissions to financial advisors who sell redemption charge securities of Mackenzie mutual funds for specific periods.

Chino Commercial Bancorp

Market Cap: US$63.6m

Operates as the bank holding company for Chino Commercial Bank, N.A.

2invest

Market Cap: €47.2m

An investment company, acquires, holds, manages, and sells investments in corporations and partnerships primarily in the biotechnology, life science, IT sectors, and natural resources sectors in Germany and internationally.

Humanoid

Market Cap: US$4.9m

Through its subsidiaries, designs, develops, manufactures, and markets farming and sideline products; chemical materials and products; textiles; construction materials; and livestock and poultry products.

Kahan Packaging

Market Cap: ₹108.8m

Engages in the manufacture and supply of polymer based woven products to business-to-business manufacturers in India.

AMB Financial

Market Cap: US$30.6m

Operates as the bank holding company for American Community Bank of Indiana that provides financial services to customers in Indiana.

Kakel Max

Market Cap: SEK 33.1m

Operates in the construction ceramic market in Sweden.

Foley Wines

Market Cap: NZ$29.9m

An integrated wine company, produces, markets, and sells wines in New Zealand.

Solution Dynamics

Market Cap: NZ$8.4m

Provides customer communication solutions in New Zealand, Australia, the United States, and Europe.

Interpace Biosciences

Market Cap: US$48.8m

Provides molecular diagnostic tests and pathology services for evaluating cancer risk in the United States.

ICZOOM Group

Market Cap: US$9.4m

Sells electronic component products through its e-commerce trading platform in the People’s Republic of China.

MicroCloud Hologram

Market Cap: US$39.6m

Provides holographic technology services in the People’s Republic of China and internationally.

Mission Group

Market Cap: UK£15.9m

Operates as a collective of creative and martech agencies company in the United Kingdom, the United States, Asia, and rest of Europe.

Finseta

Market Cap: UK£5.7m

A foreign exchange and payment company, engages in the provision of multi-currency accounts to businesses and individuals.

LFTD Partners

Market Cap: US$2.7m

Through its subsidiary, Lifted Made, develops, manufactures, and sells hemp-derived cannabinoid products, psychoactive and alternative lifestyle products, and related products of nicotine, tobacco, and marijuana in the United States and internationally.

Elinoil Hellenic Petroleum

Market Cap: €54.3m

Engages in trading of liquid and solid fuels, and lubricants.

BioRem

Market Cap: CA$49.3m

A clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds, and hazardous air pollutants.

Euro-Tax.pl

Market Cap: zł15.3m

Provides tax refund services in Poland, Romania, and Bulgaria.

Multi Ways Holdings

Market Cap: US$7.3m

Engages in the sale and rental of heavy construction equipment in Singapore, Taiwan, Canada, Maldives, Indonesia, Australia, Malaysia, Thailand, Vietnam, Philippines, and the Middle East.

Fitness Champs Holdings

Market Cap: US$52.7k

Through its subsidiaries, provides sports education for private sector and public schools in Singapore.

Megaron

Market Cap: zł17.7m

Engages in the manufacturing and sale of construction materials for interior finishing works in Poland and internationally.