Finnish Potentially Undervalued Companies

F-Secure Oyj

Market Cap: €283.3m

Operates as a cybersecurity company in Finland and internationally.

Relais Group Oyj

Market Cap: €252.8m

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

Rapala VMC

Market Cap: €60.6m

Operates as a fishing tackle company worldwide.

Tokmanni Group Oyj

Market Cap: €750.9m

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

Teleste Oyj

Market Cap: €53.1m

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

Alexandria Group Oyj

Market Cap: €98.5m

Provides investment and saving solutions in Finland.

Martela Oyj

Market Cap: €3.2m

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

SSAB

Market Cap: €69.6b

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: €21.5m

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

SSAB

Market Cap: €69.6b

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

NoHo Partners Oyj

Market Cap: €200.0m

Engages in the restaurant business.

Wulff-Yhtiöt Oyj

Market Cap: €20.2m

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

Panostaja Oyj

Market Cap: €20.5m

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.

WithSecure Oyj

Market Cap: €166.3m

Operates in corporate security business worldwide.

Enersense International Oyj

Market Cap: €37.4m

Provides energy solutions in Finland and internationally.

Bilot Oyj

Market Cap: €23.2m

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

Vincit Oyj

Market Cap: €31.9m

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

Atria Oyj

Market Cap: €342.4m

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

Oriola Oyj

Market Cap: €204.9m

Provides healthcare and wellbeing products primarily in Sweden and Finland.

Valmet Oyj

Market Cap: €5.1b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, South America, China, Europe, the Middle East, Africa, and the Asia Pacific.

Honkarakenne Oyj

Market Cap: €15.4m

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

Oma Säästöpankki Oyj

Market Cap: €315.3m

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

Pihlajalinna Oyj

Market Cap: €300.1m

Provides social, healthcare, and wellbeing services in Finland.

HKFoods Oyj

Market Cap: €106.4m

Operates as a food company in Finland, Sweden, Poland, and Denmark.

Tecnotree Oyj

Market Cap: €54.9m

Provides telecommunication IT solutions for charging, billing, customer care, and messaging and content services in Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

Lamor Corporation Oyj

Market Cap: €36.7m

Supplies environmental solutions worldwide.

Outokumpu Oyj

Market Cap: €1.6b

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

Siili Solutions Oyj

Market Cap: €49.8m

Provides information system development services in Finland and internationally.

YIT Oyj

Market Cap: €536.8m

Provides construction services in Finland, Central Eastern European, the Czech Republic, Slovakia, Poland, Baltic countries, and internationally.

Telefonaktiebolaget LM Ericsson

Market Cap: €278.2b

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

Keskisuomalainen Oyj

Market Cap: €78.0m

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

Titanium Oyj

Market Cap: €80.6m

Provides investment and asset management services in Finland.

Incap Oyj

Market Cap: €338.8m

Provides electronics manufacturing services in Europe, North America, and Asia.

TietoEVRY Oyj

Market Cap: €2.2b

Operates as a software and services company.

Huhtamäki Oyj

Market Cap: €3.7b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Boreo Oyj

Market Cap: €34.6m

Owns, acquires, and develops B2B businesses in Northern Europe.