Norwegian Undiscovered Gems With Strong Fundamentals

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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

Polaris Media

Market Cap: NOK 3.1b

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

Vistin Pharma

Market Cap: NOK 1.1b

Through its subsidiary, Vistin Pharma AS, engages in the production and sale of active pharmaceutical ingredients (APIs) worldwide.

Treasure

Market Cap: NOK 5.9b

Through its 11% interest in Hyundai Glovis Co.

Morrow Bank

Market Cap: NOK 2.7b

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

Zalaris

Market Cap: NOK 1.7b

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

Norbit

Market Cap: NOK 13.8b

Provides technology solutions to customers in a range of 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 3.3b

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

Endúr

Market Cap: NOK 4.4b

Operates as a supplier of construction and maintenance projects, services, and solutions for marine infrastructure businesses in Norway and the Norwegian Continental Shelf, Sweden, and internationally.

AF Gruppen

Market Cap: NOK 16.7b

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

Kid

Market Cap: NOK 6.3b

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

Pexip Holding

Market Cap: NOK 6.0b

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 4.7b

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

SpareBank 1 Østfold Akershus

Market Cap: NOK 5.3b

Operates as a savings bank that provides various banking products and services in Norway.

SpareBank 1 Ringerike Hadeland

Market Cap: NOK 6.0b

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

Wilh. Wilhelmsen Holding

Market Cap: NOK 18.3b

Provides maritime products and services worldwide.

Medistim

Market Cap: NOK 3.8b

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

Norconsult

Market Cap: NOK 13.7b

Provides consultancy services with focus on community planning, engineering design, and architecture in the Nordics and internationally.

MPC Container Ships

Market Cap: NOK 7.1b

Owns and operates a portfolio of container vessels.

Elmera Group

Market Cap: NOK 3.9b

Engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland.

Magnora

Market Cap: NOK 1.6b

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

BW Offshore

Market Cap: NOK 5.5b

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