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.

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.

Polaris Media

Market Cap: NOK 3.0b

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

Treasure

Market Cap: NOK 7.4b

Through its 11% interest in Hyundai Glovis Co.

Morrow Bank

Market Cap: NOK 3.2b

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

AF Gruppen

Market Cap: NOK 17.7b

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

Zalaris

Market Cap: NOK 1.7b

Provides full-service outsourced personnel and payroll services.

Norbit

Market Cap: NOK 12.5b

Provides technology solutions to customers in a range of industries.

Sentia

Market Cap: NOK 6.4b

Engages in the construction business in Norway and Sweden.

Jæren Sparebank

Market Cap: NOK 1.8b

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

Bouvet

Market Cap: NOK 7.5b

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

Norconsult

Market Cap: NOK 14.2b

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

Bonheur

Market Cap: NOK 10.0b

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

Pexip Holding

Market Cap: NOK 6.4b

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 Ringerike Hadeland

Market Cap: NOK 6.2b

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

SpareBank 1 Østfold Akershus

Market Cap: NOK 5.4b

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

Cambi

Market Cap: NOK 3.2b

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

BW Offshore

Market Cap: NOK 6.8b

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

Medistim

Market Cap: NOK 4.8b

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

Endúr

Market Cap: NOK 4.7b

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.

MPC Container Ships

Market Cap: NOK 8.7b

Owns and operates a portfolio of container vessels.

Solstad Offshore

Market Cap: NOK 4.3b

Owns and operates offshore service vessels.

SpareBank 1 Nord-Norge

Market Cap: NOK 14.6b

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.