Swedish High Return On Equity, Low Debt

Avanza Bank Holding

Market Cap: SEK 55.7b

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

Sectra

Market Cap: SEK 48.4b

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

Clas Ohlson

Market Cap: SEK 19.3b

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

Hemnet Group

Market Cap: SEK 17.1b

Operates a residential property platform in Sweden.

engcon

Market Cap: SEK 12.7b

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.

Apotea

Market Cap: SEK 9.6b

Operates an online pharmacy in Sweden.

CoinShares International

Market Cap: SEK 7.6b

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

Truecaller

Market Cap: SEK 6.6b

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

Bahnhof

Market Cap: SEK 5.9b

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

Zinzino

Market Cap: SEK 5.8b

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

Lime Technologies

Market Cap: SEK 3.8b

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

Nelly Group

Market Cap: SEK 3.3b

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

Nordrest Holding

Market Cap: SEK 3.2b

Operates as a foodservice company in Sweden 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.

Micro Systemation

Market Cap: SEK 1.1b

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

Cantargia

Market Cap: SEK 1.0b

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

Novotek

Market Cap: SEK 862.8m

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 746.5m

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.

AVTECH Sweden

Market Cap: SEK 488.0m

Engages in the development and sale of products and services for digital air traffic control systems.

White Pearl Technology Group

Market Cap: SEK 473.2m

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

Botnia Gold

Market Cap: SEK 450.9m

Engages in the exploration of precious and base metals in Sweden.

Sibek

Market Cap: SEK 410.2m

Offers technical consultancy services for railway signaling systems in Sweden.

Fable Media Group

Market Cap: SEK 159.7m

Invests in marketing businesses.

SpectrumOne

Market Cap: SEK 58.6m

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