Estonia Potentially Undervalued Companies

AS Ekspress Grupp

Market Cap: €33.1m

Provides digital content and advertising solutions in the Estonia, Lithuania, Latvia, Rest of Europe, and internationally.

AS LHV Group

Market Cap: €1.1b

Provides various banking products and services to private and business customers in Estonia and United Kingdom.

AS Infortar

Market Cap: €838.2m

Together with its subsidiaries operates in the maritime transportation, energy, and real estate sectors in Estonia, Finland, Lithuania, Latvia, rest of European Union, and internationally.

AS Trigon Property Development

Market Cap: €2.8m

Operates as a real estate development company.

Hepsor

Market Cap: €23.9m

Engages in the real estate development business in Estonia, Latvia, and Canada.

TextMagic

Market Cap: €16.4m

Through its subsidiaries, development and management of software products in the United States, the United Kingdom, Australia, Canada, the European Union, and internationally.

Coop Pank

Market Cap: €198.0m

Provides banking and financing solutions to private and corporate clients in Estonia.

AS Tallinna Vesi

Market Cap: €212.0m

A water utility company, provides drinking water and wastewater services in Estonia.

AS Silvano Fashion Group

Market Cap: €41.8m

Through its subsidiaries, engages in the design, manufacturing, and distribution of women’s lingerie in Estonia, Russia, Belarus, Ukraine, the Baltics, Kazakhstan, Moldova, and internationally.