Global Potentially Undervalued Small Caps

KMD Brands

Market Cap: NZ$47.7m

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

Cabka

Market Cap: €43.2m

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

ISOTeam

Market Cap: S$65.3m

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

Camplify Holdings

Market Cap: AU$20.1m

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.

Uzma Berhad

Market Cap: RM 244.1m

An investment holding company, operates as an integrated energy and technology company in Malaysia and internationally.

ARN Media

Market Cap: AU$73.6m

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

Platform Group SE KGaA

Market Cap: €53.9m

A software company, operates online platforms for B2B and B2C customers.

Peoplein

Market Cap: AU$65.4m

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

Peraso

Market Cap: US$11.8m

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$61.0m

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.

WidePoint

Market Cap: US$46.6m

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.

NTG Clarity Networks

Market Cap: CA$47.4m

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

TruGolf Holdings

Market Cap: US$2.6m

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

Smith Micro Software

Market Cap: US$18.0m

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.

SHINKO

Market Cap: JP¥4.1b

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

Pintaras Jaya Berhad

Market Cap: RM 232.2m

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

Silver Life

Market Cap: JP¥9.4b

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

FLECT

Market Cap: JP¥6.4b

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

LION E-Mobility

Market Cap: €15.6m

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

TradeDoubler

Market Cap: SEK 393.9m

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

Aallon Group Oyj

Market Cap: €34.4m

Provides accounting services in Finland.

IMS

Market Cap: zł76.5m

Primarily provides sensory marketing services in Poland.

Magis

Market Cap: €55.0m

Engages in the manufacture and sale of adhesive tapes and similar products for disposable nappies and adult incontinence products.

Transense Technologies

Market Cap: UK£9.7m

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

Witted Megacorp Oyj

Market Cap: €20.6m

Develops and sells software development solutions in Finland and internationally.

ecotel communication ag

Market Cap: €23.0m

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: €28.0m

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

ProService Building Services Marketplace

Market Cap: UK£36.9m

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

Xenia Hôtellerie Solution. Società Benefit

Market Cap: €9.4m

Operates in the hospitality sector.

Duell Oyj

Market Cap: €6.5m

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

Kinatico

Market Cap: AU$64.8m

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

JapaniaceLtd

Market Cap: JP¥8.6b

Engages in the advanced engineering business in Japan.

Generic Sweden

Market Cap: SEK 436.4m

A technology company, provides messaging services for all applications.

Panostaja Oyj

Market Cap: €15.4m

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£24.6m

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