Norwegian Undiscovered Gems With Strong Fundamentals

ABG Sundal Collier Holding

Market Cap: NOK 3.3b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Vistin Pharma

Market Cap: NOK 1.1b

Through its subsidiary, Vistin Pharma AS, produces and sells active pharmaceutical ingredients (APIs) worldwide.

Polaris Media

Market Cap: NOK 4.8b

Operates as a media house and printing company in Norway and Sweden.

Treasure

Market Cap: NOK 6.0b

Through its 11% interest in Hyundai Glovis Co.

Morrow Bank

Market Cap: NOK 2.9b

Provides unsecured financing to private individuals in Norway, Finland, Sweden, Netherlands, and Germany.

Veidekke

Market Cap: NOK 19.9b

Operates as a construction and property development company in Norway, Sweden, and Denmark.

Zalaris

Market Cap: NOK 1.8b

Engages in the provision of full-service outsourced personnel and payroll services.

Norbit

Market Cap: NOK 9.6b

Provides technology solutions to customers in a range of industries.

Nekkar

Market Cap: NOK 1.1b

Provides technologies, software, and automation solutions to offshore energy, renewables, and aquaculture industries.

Jæren Sparebank

Market Cap: NOK 1.7b

Engages in providing various financial products and services to individuals and businesses in Norway.

Bouvet

Market Cap: NOK 8.2b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

Akastor

Market Cap: NOK 3.1b

Operates as an oilfield services investment company in Norway and internationally.

Medistim

Market Cap: NOK 3.1b

Develops, produces, services, leases, and distributes medical devices for cardiac and vascular surgery in the United States, Asia, Europe, and internationally.

AF Gruppen

Market Cap: NOK 16.9b

A contracting and industrial company, provides civil engineering, environmental, construction, property, energy, and offshore services in Norway and Sweden.

Bonheur

Market Cap: NOK 10.5b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Kid

Market Cap: NOK 6.4b

Operates as a home textile retailer in Norway, Sweden, Finland, and Estonia.

Pexip Holding

Market Cap: NOK 4.9b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

SpareBank 1 Helgeland

Market Cap: NOK 4.6b

Provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway.

SpareBank 1 Ringerike Hadeland

Market Cap: NOK 5.8b

A financial institution, provides various banking products and services to private and corporate customers in Norway.

Cambi

Market Cap: NOK 2.9b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

MPC Container Ships

Market Cap: NOK 6.6b

Owns and operates a portfolio of container vessels.

Klaveness Combination Carriers

Market Cap: NOK 3.4b

Owns and operates combination carriers for the dry bulk shipping and product tanker industries in the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia.

SpareBank 1 Nord-Norge

Market Cap: NOK 14.4b

Provides banking services in Northern Norway.

Magnora

Market Cap: NOK 1.5b

Operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom.

BWG

Market Cap: NOK 15.9b

An investment holding company, engages in ship owning and chartering activities worldwide.

BW Offshore

Market Cap: NOK 5.4b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.