Investment Themes
The size of the company, in the stock market sense of the term, refers to the market capitalization of the listed company, i.e. its market value. It is obtained by multiplying the total number of shares comprising the share capital by their price.
The size of a company is an investment factor, along with growth, value, volatility, quality or momentum. In investment terms, a factor is a characteristic that helps explain the long-term risk and return of an asset. Small-caps have historically demonstrated higher returns than the market over the long term - especially large-caps - but also have higher volatility.
Size is considered a pro-cyclical factor, meaning that it has tended to benefit from periods of economic expansion. Small caps tend to outperform in bull markets and underperform in bear markets.
The investment style list below is designed to identify small-caps with a market capitalization of less than $1 billion that have the best fundamentals in their respective markets.
Several geographic regions are proposed. The global list includes companies listed in the world's major financial centers. The other lists are regional: North America (United States, Canada), Europe, Asia (Japan, Australia, Singapore, Hong Kong), Emerging Markets, United Kingdom, France, Germany, Switzerland, Netherlands and Italy.
Our selection
| Technology | Enterprise Software | 292M | -56.54% | ||
| Technology | Internet Security & Transactions Services | 273M | +66.27% | ||
| Technology | Other Semiconductors | 185M | +34.40% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 777M | +3.31% | ||
| Energy | Other Coal | 602M | -22.33% | ||
| Basic Materials | Other Specialty Chemicals | 548M | -17.67% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 908M | +28.25% | ||
| Technology | Internet Security & Transactions Services | 385M | -7.78% | ||
| Consumer Cyclical | Discount Stores with Grocery | 690M | +10.68% | ||
| Consumer Cyclical | Auto & Truck Parts Wholesale | 986M | +75.90% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 983M | +3.24% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 255M | +30.99% | ||
| Consumer Cyclical | Jewelry & Watch Retailers | 891M | -5.62% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 246M | -10.90% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 388M | +21.54% | ||
| Industrials | Taxi & Limousine | 215M | -8.24% | ||
| Basic Materials | Aluminum Rolling | 42.28M | -8.16% | ||
| Healthcare | Medical Imaging Systems | 185M | +46.61% | ||
| Consumer Cyclical | Beauty Supply Shop | 449M | +95.00% | ||
| Basic Materials | Diversified Chemicals | 810M | -3.82% | ||
| Industrials | Electrical Component | 721M | +95.91% | ||
| Consumer Cyclical | Other Apparel & Accessories | 364M | -28.18% | ||
| Technology | Other Computer Hardware | 126M | +17.09% | ||
| Consumer Cyclical | Other Restaurants & Bars | 609M | +7.60% | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 651M | +14.89% | ||
| Technology | Technology Consulting & Outsourcing Services | 312M | +16.55% | ||
| Industrials | Outsourcing & Staffing Services | 522M | +66.28% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 208M | +10.88% | ||
| Industrials | Other Construction & Engineering | 207M | +26.96% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 196M | -9.05% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 270M | -36.28% | ||
| Industrials | Other Ground Freight & Logistics | 519M | +6.26% | ||
| Basic Materials | Plastic Containers & Packaging | 557M | +16.12% | ||
| Technology | Other Internet Services | 114M | +31.79% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 117M | -51.05% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 262M | +52.76% | ||
| Industrials | Transaction & Payment Services | 243M | +54.12% | ||
| Industrials | Transaction & Payment Services | 463M | -47.96% | ||
| Industrials | Electric Construction | 624M | +141.82% | ||
| Real Estate | Other Real Estate Development & Operations | 875M | -8.79% | ||
| Technology | Other Software | 192M | -25.81% | ||
| Technology | Mobile Application Software | 451M | +34.43% | ||
| Industrials | Design Services | 203M | - | ||
| Industrials | Industrial Parts & Components | 533M | +28.80% | ||
| Technology | Other IT Services & Consulting | 502M | -21.59% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 749M | +20.24% | ||
| Industrials | Lighting Equipment | 129M | -32.31% | ||
| Basic Materials | Cement & Concrete Manufacturing | 528M | +42.19% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 509M | -24.63% | ||
| Real Estate | Residential Real Estate Development | 512M | +6.96% | ||
| Industrials | Other Construction & Engineering | 656M | +11.93% | ||
| Consumer Non-Cyclical | Dairy Products | 161M | +21.21% | ||
| Industrials | Other Shipbuilding | 293M | -1.06% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 467M | +31.23% | ||
| Consumer Cyclical | Jewelry | 541M | -0.31% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 564M | +35.58% | ||
| Basic Materials | Plastics | 442M | +29.64% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 872M | +65.17% | ||
| Real Estate | Other Real Estate Development & Operations | 888M | -27.75% | ||
| Technology | Electronic Component | 441M | +9.14% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 729M | - | ||
| Industrials | Other Construction & Engineering | 364M | -22.15% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 445M | +18.48% | ||
| Technology | Other Computer Hardware | 304M | +55.15% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 467M | -34.87% | ||
| Healthcare | Medical Equipment | 367M | -12.99% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 269M | +2.61% | ||
| Basic Materials | Industrial Gas | 386M | +33.33% | ||
| Industrials | Other Construction & Engineering | 502M | +157.14% | ||
| Healthcare | Other Healthcare Facilities & Services | 209M | -32.58% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 339M | -0.72% | ||
| Consumer Non-Cyclical | Personal Care Services | 614M | -30.00% | ||
| Technology | Semiconductor Machinery Manufacturing | 568M | +148.90% | ||
| Healthcare | Medical Devices & Implants | 905M | -8.31% | ||
| Energy | Other Oil Related Services and Equipment | 791M | +15.80% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 170M | -10.00% | ||
| Consumer Cyclical | Other Apparel & Accessories | 276M | +0.08% | ||
| Utilities | Other Electric Utilities | 118M | +206.85% | ||
| Basic Materials | Cement & Concrete Manufacturing | 404M | +21.65% | ||
| Basic Materials | Nickel Ore Mining | 851M | -1.54% | ||
| Industrials | Highway & Bridge Construction | 795M | -20.95% | ||
| Industrials | Smart Grid & Power Distribution Construction | 944M | -14.45% | ||
| Real Estate | Residential Real Estate Development | 658M | +19.10% | ||
| Healthcare | Medical Devices & Implants | 650M | -18.16% | ||
| Basic Materials | Paint & Coating | 522M | -9.08% | ||
| Consumer Non-Cyclical | Dairy Products | 182M | -12.50% | ||
| Technology | Network Equipment | 676M | -9.92% | ||
| Technology | Other IT Services & Consulting | 223M | -91.98% | ||
| Real Estate | Other Real Estate Development & Operations | 705M | +53.89% | ||
| Technology | Semiconductor Testing Equipment & Service | 871M | +100.47% | ||
| Consumer Cyclical | Other Apparel & Accessories | 350M | +37.19% | ||
| Technology | Satellite Service Operators | 107M | -21.30% | ||
| Technology | Semiconductor Machinery Manufacturing | 226M | +6.35% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 388M | -8.83% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 77.12M | +23.07% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 268M | +25.75% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 124M | +4.84% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 209M | -5.42% | ||
| Healthcare | Medical Devices & Implants | 238M | -16.13% | ||
| Consumer Non-Cyclical | Other Food Processing | 448M | +43.75% | ||
News of the components
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