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
| Industrials | Transaction & Payment Services | 445M | -51.97% | ||
| Technology | Other Semiconductors | 163M | +18.68% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 716M | +2.55% | ||
| Basic Materials | Other Specialty Chemicals | 483M | -26.58% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 872M | +23.79% | ||
| Consumer Cyclical | Auto & Truck Parts Wholesale | 914M | +63.86% | ||
| Consumer Cyclical | Discount Stores with Grocery | 695M | +12.93% | ||
| Industrials | Lighting Equipment | 112M | -41.16% | ||
| Basic Materials | Cement & Concrete Manufacturing | 464M | +30.57% | ||
| Consumer Cyclical | Jewelry & Watch Retailers | 916M | -5.40% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 247M | +26.06% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 393M | +18.85% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 238M | -14.22% | ||
| Basic Materials | Aluminum Rolling | 42.19M | -10.20% | ||
| Industrials | Electrical Component | 620M | +66.62% | ||
| Industrials | Taxi & Limousine | 198M | -16.18% | ||
| Consumer Non-Cyclical | Dairy Products | 162M | +21.21% | ||
| Healthcare | Medical Imaging Systems | 187M | +47.63% | ||
| Basic Materials | Diversified Chemicals | 746M | -15.04% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 522M | +21.69% | ||
| Consumer Cyclical | Quick Service Restaurants | 394M | +1.14% | ||
| Consumer Cyclical | Other Apparel & Accessories | 344M | -31.14% | ||
| Consumer Cyclical | Other Restaurants & Bars | 624M | +13.13% | ||
| Technology | Other Computer Hardware | 131M | +22.22% | ||
| Industrials | Building Contractors | 998M | +23.68% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 202M | +8.16% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 190M | -12.84% | ||
| Basic Materials | Plastic Containers & Packaging | 660M | +32.44% | ||
| Consumer Non-Cyclical | Other Household Products | 225M | +37.84% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 250M | +40.17% | ||
| Technology | Technology Consulting & Outsourcing Services | 353M | +33.57% | ||
| Industrials | Other Construction & Engineering | 234M | +29.79% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 249M | -43.29% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 117M | -54.21% | ||
| Basic Materials | Paint & Coating | 842M | +8.82% | ||
| Basic Materials | Composites | 665M | -42.31% | ||
| Technology | Enterprise Software | 306M | -55.72% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 262M | +2.22% | ||
| Healthcare | Other Healthcare Facilities & Services | 179M | -37.59% | ||
| Industrials | Smart Grid & Power Distribution Construction | 600M | +130.30% | ||
| Technology | Semiconductor Machinery Manufacturing | 427M | +90.63% | ||
| Real Estate | Other Real Estate Development & Operations | 879M | -8.79% | ||
| Technology | Internet Security & Transactions Services | 368M | -13.62% | ||
| Technology | Other Software | 170M | -32.91% | ||
| Technology | Other Software | 1B | +12.72% | ||
| Healthcare | Medical Devices & Implants | 865M | -13.16% | ||
| Industrials | Industrial Parts & Components | 524M | +20.51% | ||
| Technology | Mobile Application Software | 555M | +47.91% | ||
| Industrials | Other Shipbuilding | 264M | -11.17% | ||
| Basic Materials | Cement & Concrete Manufacturing | 303M | -0.57% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 506M | +54.73% | ||
| Utilities | Other Electric Utilities | 105M | +182.19% | ||
| Basic Materials | Plastics | 386M | +10.88% | ||
| Industrials | Other Construction & Engineering | 745M | +25.69% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 544M | +32.21% | ||
| Real Estate | Residential Real Estate Development | 633M | +11.40% | ||
| Real Estate | Other Real Estate Development & Operations | 842M | -30.69% | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 627M | +7.23% | ||
| Consumer Cyclical | Jewelry | 590M | +4.01% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 818M | -8.05% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 865M | +61.11% | ||
| Industrials | Smart Grid & Power Distribution Construction | 835M | -24.94% | ||
| Consumer Cyclical | Beauty Supply Shop | 498M | +105.00% | ||
| Technology | Electronic Component | 349M | -13.23% | ||
| Industrials | Highway & Bridge Construction | 797M | -21.95% | ||
| Healthcare | Medical Devices & Implants | 625M | -23.77% | ||
| Real Estate | Residential Real Estate Development | 699M | +16.45% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 373M | +5.23% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 899M | - | ||
| Industrials | Other Construction & Engineering | 363M | -23.13% | ||
| Technology | Other IT Services & Consulting | 107M | -93.21% | ||
| Healthcare | Medical Equipment | 365M | -12.99% | ||
| Basic Materials | Industrial Gas | 335M | +16.99% | ||
| Industrials | Other Construction & Engineering | 433M | +118.68% | ||
| Technology | Integrated Circuits | 940M | +45.94% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 341M | +0.72% | ||
| Technology | Semiconductor Testing Equipment & Service | 733M | +75.64% | ||
| Consumer Non-Cyclical | Personal Care Services | 544M | -38.53% | ||
| Industrials | Design Services | 205M | - | ||
| Energy | Other Coal | 516M | -32.09% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 767M | +23.71% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 956M | +51.23% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 157M | -13.94% | ||
| Technology | Other IT Services & Consulting | 592M | -9.93% | ||
| Basic Materials | Nickel Ore Mining | 821M | +1.80% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 873M | -18.66% | ||
| Technology | Other IT Services & Consulting | 262M | +38.35% | ||
| Basic Materials | Paint & Coating | 523M | -12.29% | ||
| Technology | Integrated Circuits | 609M | -12.75% | ||
| Consumer Non-Cyclical | Dairy Products | 183M | -13.24% | ||
| Technology | Network Equipment | 676M | -5.78% | ||
| Industrials | Ship Part Manufacturer | 996M | -56.37% | ||
| Real Estate | Other Real Estate Development & Operations | 671M | +52.03% | ||
| Industrials | Port Operators | 848M | -10.03% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 77.39M | +21.79% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 269M | +24.12% | ||
| Technology | Satellite Service Operators | 80.02M | -40.82% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 198M | -12.38% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 124M | +3.83% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 990M | -42.02% | ||
News of the components
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