Finnish Potentially Undervalued Companies

Tokmanni Group Oyj

Market Cap: €726.1m

Operates as a discount retailer in Finland, Sweden, and Denmark.

WithSecure Oyj

Market Cap: €154.1m

Operates in corporate security business worldwide.

F-Secure Oyj

Market Cap: €296.2m

Operates as a cybersecurity company in Finland and internationally.

Metso Oyj

Market Cap: €6.8b

Provides technologies, end-to-end solutions, and services for aggregates, minerals processing, and metals refining industries in Europe, North and Central America, South America, the Asia Pacific, Greater China, Africa, the Middle East, and India.

Relais Group Oyj

Market Cap: €246.5m

Operates as a consolidator and acquisition platform for vehicle aftermarket in the Nordic and Baltic countries.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Kalmar Oyj

Market Cap: €1.6b

Engages in the provision of heavy material handling equipment and automated terminal solutions for ports, terminals, distribution centers, and heavy industry.

Konecranes

Market Cap: €4.1b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, the Asia-Pacific, and internationally.

SSAB

Market Cap: €55.3b

Engages in the production and sale of steel products in Sweden, Finland, the United States, the Rest of Europe, and internationally.

Witted Megacorp Oyj

Market Cap: €18.6m

Operates as a software development company in Finland, Norway, and Sweden.

Alexandria Group Oyj

Market Cap: €92.9m

Provides investment and saving solutions in Finland.

SSAB

Market Cap: €55.3b

Engages in the production and sale of steel products in Sweden, Finland, the United States, the Rest of Europe, and internationally.

Aallon Group Oyj

Market Cap: €39.0m

Provides accounting services in Finland.

Teleste Oyj

Market Cap: €49.3m

Provides broadband, security, and information technologies and related services in Finland and internationally.

Martela Oyj

Market Cap: €3.5m

Operates in the workplace industry in Finland, Sweden, Norway, and internationally.

Wulff-Yhtiöt Oyj

Market Cap: €19.7m

Provides workplace products, IT supplies, ergonomics, printing, international exhibition, and event services in Finland, Sweden, Norway, Denmark, other European countries, and internationally.

Rapala VMC

Market Cap: €55.0m

Operates as a fishing tackle company worldwide.

Enersense International Oyj

Market Cap: €31.8m

Provides energy solutions in Finland and internationally.

Panostaja Oyj

Market Cap: €19.1m

A private equity firm specializing in investments in expansions through corporate acquisitions, industry consolidations, and mature and middle market investments in small and medium-sized companies through acquisitions in sectors undergoing growth and restructuring.

Hiab Oyj

Market Cap: €2.4b

Provides smart and on road load-handling solutions and services in Finland.

Bilot Oyj

Market Cap: €23.2m

Bilot Oyj, a software and IT service company, provides digital services and solutions in Finland.

Honkarakenne Oyj

Market Cap: €15.3m

Designs, manufactures, and sells log and solid-wood house packages in Finland.

Pihlajalinna Oyj

Market Cap: €291.1m

Provides social, healthcare, and wellbeing services to private persons, companies, insurance companies, and public sector entities in Finland.

Gofore Oyj

Market Cap: €269.7m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Atria Oyj

Market Cap: €358.2m

Produces and markets meat and food products in Finland, Sweden, Denmark, Estonia, and Russia.

Vincit Oyj

Market Cap: €28.7m

Provides service design and software development services in Finland, Poland, Portugal, Sweden, and the United States.

Oma Säästöpankki Oyj

Market Cap: €256.6m

Provides banking products and services to private customers, small and medium-sized enterprises, and agriculture and forestry entrepreneurs in Finland.

YIT Oyj

Market Cap: €503.6m

Provides construction services in Finland, the Czech Republic, Slovakia, Poland, and internationally.

Detection Technology Oyj

Market Cap: €180.3m

Engages in the provision of X-ray detector solutions for industrial, medical, and security applications in Finland and internationally.

Siili Solutions Oyj

Market Cap: €46.6m

Provides information system development services in Finland and internationally.

Telefonaktiebolaget LM Ericsson

Market Cap: €235.4b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.

HKFoods Oyj

Market Cap: €111.5m

Operates as a food company in Finland and Poland.

Lamor Corporation Oyj

Market Cap: €31.7m

Provides environmental solutions and technologies worldwide.

Outokumpu Oyj

Market Cap: €1.3b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Keskisuomalainen Oyj

Market Cap: €81.5m

Engages in publishing, printing, and distributing newspapers and magazines in Finland.

Titanium Oyj

Market Cap: €72.9m

Provides investment and asset management services in Finland.