Global Potentially Undervalued Small Caps

CENIT

Market Cap: €54.9m

Provides software solutions and associated software consulting and integration services.

Cabka

Market Cap: €49.4m

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

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$65.3m

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

Sleep Cycle

Market Cap: SEK 378.8m

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

Camplify Holdings

Market Cap: AU$19.3m

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.

ARN Media

Market Cap: AU$76.7m

Operates as a media and entertainment company in Australia and Hong Kong.

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.

Peoplein

Market Cap: AU$62.4m

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

WidePoint

Market Cap: US$46.2m

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

Exagen

Market Cap: US$64.9m

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

Trajan Group Holdings

Market Cap: AU$58.0m

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 257.4m

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

Dovre Group

Market Cap: €7.9m

Provides project management services worldwide.

ProService Building Services Marketplace

Market Cap: UK£35.7m

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

ecotel communication ag

Market Cap: €26.4m

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

Maisons du Monde

Market Cap: €23.4m

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

Aallon Group Oyj

Market Cap: €34.5m

Provides accounting services in Finland.

Duell Oyj

Market Cap: €6.9m

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

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.

TruGolf Holdings

Market Cap: US$3.1m

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

NTG Clarity Networks

Market Cap: CA$50.4m

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

LION E-Mobility

Market Cap: €16.1m

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

Monnalisa

Market Cap: €5.1m

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

Smith Micro Software

Market Cap: US$20.3m

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.

TradeDoubler

Market Cap: SEK 376.7m

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

SHINKO

Market Cap: JP¥4.1b

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

internet infinity

Market Cap: JP¥3.7b

Provides healthcare solutions in Japan.

Silver Life

Market Cap: JP¥8.6b

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

FLECT

Market Cap: JP¥6.0b

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

Pintaras Jaya Berhad

Market Cap: RM 225.6m

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

Coventry Group

Market Cap: AU$55.6m

Distributes industrial products and services in Australia and New Zealand.

Terranor Group

Market Cap: SEK 460.0m

Operates as infrastructure and road maintenance company in Sweden, Denmark, and Finland.

Panostaja Oyj

Market Cap: €17.1m

A private equity firm specializing in investments through corporate acquisitions, industry consolidations, buyout, growth capital and in small and medium-sized companies through acquisitions in sectors undergoing growth.

Headlam Group

Market Cap: UK£23.9m

Engages in the sale, marketing, supply, and distribution of floorcovering and other ancillary products in the United Kingdom and Continental Europe.

Generic Sweden

Market Cap: SEK 464.6m

A technology company, provides messaging services for all applications.