Global Potentially Undervalued Small Caps

KMD Brands

Market Cap: NZ$89.8m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brand names.

ISOTeam

Market Cap: S$66.1m

Operates in the building maintenance and estate upgrading industry in Singapore.

Cabka

Market Cap: €50.4m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

CENIT

Market Cap: €55.9m

Provides software solutions and associated software consulting and integration services.

Sleep Cycle

Market Cap: SEK 374.7m

Engages in the development of sleep analysis applications in Sweden and internationally.

Camplify Holdings

Market Cap: AU$18.5m

Operates peer-to-peer digital marketplace platforms to connect recreational vehicle (RV) owners to hirers in Australia, New Zealand, Spain, United Kingdom, Germany, Austria and the Netherlands.

Peoplein

Market Cap: AU$63.6m

Provides staffing, business, and operational services in Australia, New Zealand, and Singapore.

Peraso

Market Cap: US$12.6m

A fabless semiconductor company, develops, markets, and sells semiconductor devices and antenna modules in North America, Hong Kong, Taiwan, and internationally.

Trajan Group Holdings

Market Cap: AU$64.1m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

MGB Berhad

Market Cap: RM 260.3m

An investment holding company, engages in construction and property development activities in Malaysia.

Exagen

Market Cap: US$64.5m

Designs, develops, and commercializes various testing products under the AVISE brand in the United States.

WidePoint

Market Cap: US$46.1m

Provides technology management as a service (TMaaS) to the government and business enterprises in the United States and Europe.

Dovre Group

Market Cap: €7.9m

Provides project management services worldwide.

Silver Life

Market Cap: JP¥8.8b

A franchise management company, provides food delivery services in Japan.

SHINKO

Market Cap: JP¥4.1b

Provides maintenance services, IT solutions, and human resource services in Japan.

FLECT

Market Cap: JP¥6.0b

Engages in the provision of multi-cloud integration services for digital transformation in Japan.

internet infinity

Market Cap: JP¥3.8b

Provides healthcare solutions in Japan.

ProService Building Services Marketplace

Market Cap: UK£34.0m

Provides tool and equipment hire, and related services in the United Kingdom and the Republic of Ireland.

Pintaras Jaya Berhad

Market Cap: RM 218.9m

An investment holding company, engages in undertaking of piling contracts, civil engineering, and building construction works in Malaysia and Singapore.

TruGolf Holdings

Market Cap: US$3.8m

Through its subsidiary, engages in the design, development, manufacture, and sale of golf simulators for residential and commercial applications in the United States.

Maisons du Monde

Market Cap: €24.3m

Through its subsidiaries, provides home and living room related products in France and internationally.

Aallon Group Oyj

Market Cap: €35.1m

Provides accounting services in Finland.

Duell Oyj

Market Cap: €6.8m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

NTG Clarity Networks

Market Cap: CA$49.4m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

Monnalisa

Market Cap: €5.1m

Designs, produces, and distributes childrenswear in Italy and internationally.

Smith Micro Software

Market Cap: US$19.2m

Develops and sells software solutions to simplify and enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa.

ecotel communication ag

Market Cap: €27.1m

Engages in the marketing of information and telecommunications solutions for startups, and small and medium-sized companies in Germany and internationally.

Transense Technologies

Market Cap: UK£8.5m

Engages in the provision of specialist sensor systems in the United Kingdom, North America, South America, Australia, Europe, and internationally.

IMS

Market Cap: zł78.2m

Primarily provides sensory marketing services in Poland.

Laird Superfood

Market Cap: US$33.2m

Manufactures and markets plant-based natural and functional food in the United States.

SBF

Market Cap: €43.7m

Through its subsidiary, SBF Spezialleuchten GmbH, engages in the supply of lighting systems for rail vehicles, municipalities, railways, and industry in Germany.

TradeDoubler

Market Cap: SEK 375.5m

Provides performance marketing and technology solutions for publishers and advertisers in Europe.

LION E-Mobility

Market Cap: €15.5m

Through its subsidiaries, engages in the development, production, and distribution of battery modules and packs, and battery management systems in Switzerland.

City Chic Collective

Market Cap: AU$24.7m

Operates as a retailer of plus-size women’s apparel, footwear, and accessories in Australia, New Zealand, and the United States.

SMRT Holdings Berhad

Market Cap: RM 77.4m

An investment holding company, engages information technology businesses primarily in Malaysia.

Kinatico

Market Cap: AU$71.3m

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