Finnish Potentially Undervalued Companies

F-Secure Oyj

Market Cap: €300.8m

Operates as a cybersecurity company in Finland and internationally.

Relais Group Oyj

Market Cap: €257.4m

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

Teleste Oyj

Market Cap: €52.7m

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

NoHo Partners Oyj

Market Cap: €197.1m

Engages in the restaurant business.

Wulff-Yhtiöt Oyj

Market Cap: €20.4m

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

Tokmanni Group Oyj

Market Cap: €763.3m

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

Martela Oyj

Market Cap: €3.3m

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

Aallon Group Oyj

Market Cap: €39.0m

Provides accounting services in Finland.

SSAB

Market Cap: €67.8b

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: €21.3m

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

Apetit Oyj

Market Cap: €89.7m

Manufactures and sells plant-based food products in Finland, Norway, Sweden, and internationally.

SSAB

Market Cap: €67.8b

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

Alexandria Group Oyj

Market Cap: €99.5m

Provides investment and saving solutions in Finland.

Rapala VMC

Market Cap: €60.3m

Operates as a fishing tackle company worldwide.

WithSecure Oyj

Market Cap: €169.0m

Operates in corporate security business worldwide.

Panostaja Oyj

Market Cap: €20.2m

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.

Enersense International Oyj

Market Cap: €36.1m

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.

Pihlajalinna Oyj

Market Cap: €296.7m

Provides social, healthcare, and wellbeing services in Finland.

Oma Säästöpankki Oyj

Market Cap: €310.3m

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

Oriola Oyj

Market Cap: €209.8m

Provides healthcare and wellbeing products primarily in Sweden and Finland.

Vincit Oyj

Market Cap: €32.4m

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

Honkarakenne Oyj

Market Cap: €14.8m

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

Atria Oyj

Market Cap: €341.0m

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

Valmet Oyj

Market Cap: €5.0b

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.

Incap Oyj

Market Cap: €344.4m

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

Siili Solutions Oyj

Market Cap: €48.8m

Provides information system development services in Finland and internationally.

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.

Tecnotree Oyj

Market Cap: €53.5m

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.

Titanium Oyj

Market Cap: €78.5m

Provides investment and asset management services in Finland.

Keskisuomalainen Oyj

Market Cap: €78.5m

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

Telefonaktiebolaget LM Ericsson

Market Cap: €278.8b

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

HKFoods Oyj

Market Cap: €111.4m

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

Lamor Corporation Oyj

Market Cap: €35.5m

Supplies environmental solutions worldwide.

YIT Oyj

Market Cap: €528.0m

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

TietoEVRY Oyj

Market Cap: €2.1b

Operates as a software and services company.