Swedish Undervalued Small Caps

CellaVision

Market Cap: SEK 4.4b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

RVRC Holding

Market Cap: SEK 4.9b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, Finland, and internationally.

Ework Group

Market Cap: SEK 1.9b

Engages in the provision of total talent solutions for IT/OT, research and development, engineering, and business development in Sweden, Norway, Finland, Denmark, Poland, and Slovakia.

Arise

Market Cap: SEK 1.4b

Operates in the renewable energy sector.

Micro Systemation

Market Cap: SEK 1.0b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

AcadeMedia

Market Cap: SEK 8.4b

Operates as an independent education provider in Sweden, Norway, the Netherlands, and Germany.

CoinShares International

Market Cap: SEK 6.7b

Engages in the creating financial products with digital assets and blockchain technology business in Jersey.

Hexatronic Group

Market Cap: SEK 6.2b

Develops, manufactures, markets, and sells fiber communication solutions in Sweden, Rest of Europe, North America, Asia Pacific, the United Kingdom, and internationally.

Humana

Market Cap: SEK 1.8b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Intellego Technologies

Market Cap: SEK 3.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Alligo

Market Cap: SEK 5.7b

Offers workwear, personal protection equipment, tools, and consumables in Sweden, Norway, and Finland.

C-Rad

Market Cap: SEK 1.2b

Develops, manufactures, and sells products and systems with applications in radiotherapy for the treatment of cancer in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Nyab

Market Cap: SEK 3.9b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

BioGaia

Market Cap: SEK 10.8b

A healthcare company, develops, manufactures, markets and sells probiotic products for gut, oral, and immune health in Europe, the Middle East, Africa, the United States, the Asia-Pacific, Australia, and New Zealand.

New Wave Group

Market Cap: SEK 17.2b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally.

ITAB Shop Concept

Market Cap: SEK 6.0b

Develops, manufactures, sells, and installs store concepts for retail chain stores.

Gränges

Market Cap: SEK 13.4b

Engages in the development, production, and distribution of rolled aluminum products for thermal management systems, specialty packaging, and niche applications in Asia Pacific, Europe, and North and South Americas.

Bredband2 i Skandinavien

Market Cap: SEK 2.4b

Provides data communication and security solutions to individuals and companies in Sweden.

Biotage

Market Cap: SEK 11.5b

Provides solutions and products in the areas of drug discovery and development, analytical testing, and water and environmental testing.

Green Landscaping Group

Market Cap: SEK 3.8b

Engages in the green space management and landscaping business in Sweden, Norway, and rest of Europe.

Net Insight

Market Cap: SEK 1.4b

Provides media network solutions worldwide.