Swedish High Return On Equity, Low Debt

Axfood

Market Cap: SEK 72.5b

Engages in the food retail and wholesale businesses primarily in Sweden.

Avanza Bank Holding

Market Cap: SEK 52.1b

Offers a range of savings, pension, and mortgages products in Sweden.

Sectra

Market Cap: SEK 35.0b

Provides solutions for medical IT and cybersecurity sectors in Sweden, the United Kingdom, the Netherlands, and rest of Europe.

Clas Ohlson

Market Cap: SEK 22.2b

A retail company, sells building, electrical, multimedia, home, and leisure products in Sweden, Norway, Finland, and internationally.

engcon

Market Cap: SEK 12.8b

Engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.

Hemnet Group

Market Cap: SEK 11.9b

Operates a residential property platform in Sweden.

Bahnhof

Market Cap: SEK 5.8b

Provides internet services to individuals and businesses in Sweden and internationally.

CoinShares International

Market Cap: SEK 5.2b

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

Zinzino

Market Cap: SEK 5.0b

A direct sales company, provides dietary supplements and skincare products in Sweden and internationally.

Truecaller

Market Cap: SEK 4.9b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Nordrest Holding

Market Cap: SEK 3.5b

Operates as a foodservice company in Sweden and internationally.

Lime Technologies

Market Cap: SEK 2.5b

Provides software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region.

Nelly Group

Market Cap: SEK 1.9b

Operates as a fashion company in Sweden, rest of Nordics, and internationally.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Cantargia

Market Cap: SEK 1.3b

A biotechnology company, develops pharmaceuticals for treatment of cancer, inflammatory, and autoimmune diseases.

Micro Systemation

Market Cap: SEK 1.3b

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

Novotek

Market Cap: SEK 797.1m

Novotek AB delivers solutions in the industrial IT and automation areas in Sweden, Norway, Denmark, Finland, Benelux countries, the United Kingdom, Ireland, and Switzerland.

SinterCast

Market Cap: SEK 660.6m

Provides process control technology to produce compacted graphite iron (CGI) for the foundry and automotive industries in Brazil, Mexico, Sweden, the United States of America, Korea, China, Spain, Japan, the United Kingdom, and internationally.

HomeMaid

Market Cap: SEK 644.4m

Provides cleaning services in Sweden.

White Pearl Technology Group

Market Cap: SEK 525.3m

Engages in selling various technology solutions and products in Sweden, Africa, the Middle East, Asia, and Latin America.

Sibek

Market Cap: SEK 385.8m

Offers technical consultancy services for railway signaling systems in Sweden.

Fable Media Group

Market Cap: SEK 144.4m

Invests in marketing businesses.

SpectrumOne

Market Cap: SEK 55.6m

A technology company, provides z`data management, analytics, and communications platform suites to append and analyze customer data in Sweden.