Finnish Potentially Undervalued Companies

Qt Group Oyj

Market Cap: €1.2b

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Terveystalo Oyj

Market Cap: €1.3b

Provides occupational healthcare services in Finland, Sweden, and Estonia.

Huhtamäki Oyj

Market Cap: €3.1b

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

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.

Olvi Oyj

Market Cap: €617.0m

A beverage company, manufactures and sells alcoholic and non-alcoholic beverages in Finland, Estonia, Latvia, Lithuania, Denmark, and Belarus.

Witted Megacorp Oyj

Market Cap: €23.2m

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

Martela Oyj

Market Cap: €4.4m

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

Tokmanni Group Oyj

Market Cap: €528.0m

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

SSAB

Market Cap: €59.3b

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

Aallon Group Oyj

Market Cap: €41.7m

Provides accounting services in Finland.

Rapala VMC

Market Cap: €46.8m

Operates as a fishing tackle company worldwide.

SSAB

Market Cap: €59.3b

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

Loihde Oyj

Market Cap: €66.6m

Through its subsidiaries, provides digital development and security solutions in Finland.

Teleste Oyj

Market Cap: €72.7m

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

Alexandria Group Oyj

Market Cap: €109.6m

Provides investment and saving solutions in Finland.

Tamtron Group Oyj

Market Cap: €40.9m

Provides advanced weighing solutions in Finland.

Componenta

Market Cap: €39.9m

Provides cast iron components in Finland.

Glaston Oyj Abp

Market Cap: €47.1m

Manufactures and sells glass processing machines in Finland, Europe, the Middle East, Africa, the Americas, China, and rest of Asia Pacific.

Nurminen Logistics Oyj

Market Cap: €83.9m

Provides logistics services in Finland, Russia, Sweden, and Baltic countries.

Raute Oyj

Market Cap: €83.8m

Operates as a technology and service company that serves the wood products industry in Europe, Africa, Finland, North America, South America, Russia, and the Asia-Pacific.

F-Secure Oyj

Market Cap: €294.1m

Operates as a cybersecurity company in Finland and internationally.

Panostaja Oyj

Market Cap: €20.8m

A private equity firm specializing in investments through corporate acquisitions, industry consolidations, buyout, growth capital and in small and medium-sized companies through acquisitions in sectors undergoing growth.

Metsä Board Oyj

Market Cap: €1.1b

Engages in the folding boxboard, fresh fibre linerboard, and market pulp businesses 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: €24.2m

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

Atria Oyj

Market Cap: €363.8m

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

Honkarakenne Oyj

Market Cap: €14.4m

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

Kesla Oyj

Market Cap: €10.1m

Develops machinery, technology, and services for customers in the forest and other industries in Finland.

Netum Group Oyj

Market Cap: €17.2m

Operates as an IT services company in Finland.

Oma Säästöpankki Oyj

Market Cap: €376.3m

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

Pihlajalinna Oyj

Market Cap: €356.3m

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

Keskisuomalainen Oyj

Market Cap: €85.5m

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

Detection Technology Oyj

Market Cap: €143.3m

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

Robit Oyj

Market Cap: €24.4m

Engages in the design, manufacture, and sale of drilling consumables for mining, quarrying, construction, and well drilling industries in Finland.

Siili Solutions Oyj

Market Cap: €39.4m

Provides information system development services in Finland and internationally.

Telefonaktiebolaget LM Ericsson

Market Cap: €261.7b

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