Finnish Potentially Undervalued Companies

Optomed Oyj

Market Cap: €73.6m

Manufactures and sells handheld fundus cameras in Finland, rest of Europe, and internationally.

Nordea Bank Abp

Market Cap: €47.7b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Harvia Oyj

Market Cap: €657.9m

Operates in the sauna industry.

Sotkamo Silver

Market Cap: €346.5m

A mining and ore prospecting company, develops and utilises mineral deposits in the Kainuu region in Finland.

Sotkamo Silver

Market Cap: €112.2m

A mining and ore prospecting company, develops and utilises mineral deposits in the Kainuu region in Finland.

Lehto Group Oyj

Market Cap: €2.8m

Lehto Group Oyj, together with its subsidiaries, engages in the construction and real estate business in Finland.

Consti Oyj

Market Cap: €81.5m

Provides renovation contracting and technical building services in Finland.

Stora Enso Oyj

Market Cap: €7.5b

Provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally.

Administer Oyj

Market Cap: €38.9m

Operates as salary outsourcing partner in Finland and internationally.

Suominen Oyj

Market Cap: €108.9m

Manufactures and sells nonwovens as roll goods for wipes and other applications in Finland, the Americas, the rest of Europe, and internationally.

Viafin Service Oyj

Market Cap: €69.5m

Provides industrial maintenance services in Finland.

Sampo Oyj

Market Cap: €25.7b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Raisio

Market Cap: €392.8m

Produces and sells food and food ingredients in Finland, the United Kingdom, Ireland, Belgium, and the Netherlands.

Duell Oyj

Market Cap: €21.3m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

Dovre Group

Market Cap: €16.6m

Provides project management services worldwide.

Wulff-Yhtiöt Oyj

Market Cap: €19.6m

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

Modulight Oyj

Market Cap: €52.2m

Designs, manufactures, and markets lasers products for medical and other diagnostic applications.

Revenio Group Oyj

Market Cap: €615.9m

Provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

Orion Oyj

Market Cap: €9.2b

Develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, rest of Europe, North America, and internationally.

Pallas Air Oyj

Market Cap: €874.7k

Produces and sells indoor air ventilation duct cleaning equipment and air filtration solutions.

Enersense International Oyj

Market Cap: €66.0m

Provides energy solutions in Finland and internationally.

Gofore Oyj

Market Cap: €229.3m

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

Saga Furs Oyj

Market Cap: €25.1m

Operates an auction house furs in Finland.

Valmet Oyj

Market Cap: €5.2b

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.

Orion Oyj

Market Cap: €9.2b

Develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, rest of Europe, North America, and internationally.

QPR Software Oyj

Market Cap: €11.8m

Provides services and software tools for developing business processes and enterprise architecture in Finland, rest of Europe, Russia, Turkey, and internationally.

Nokian Renkaat Oyj

Market Cap: €1.1b

Develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, the rest of Europe, the Americas, and internationally.

Norrhydro Group Oyj

Market Cap: €13.7m

Develops, manufactures, and sells hydraulic cylinders and linear motion control systems in the Nordic countries.

Fortum Oyj

Market Cap: €14.5b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

UPM-Kymmene Oyj

Market Cap: €12.4b

Engages in the forest-based bioindustry in Europe, North America, Asia, and internationally.

Fondia Oyj

Market Cap: €16.1m

Provides legal services primarily in Finland, Sweden, Estonia, and Lithuania.

Mandatum Oyj

Market Cap: €2.9b

Provides various financial services in Finland.

Aspocomp Group Oyj

Market Cap: €34.4m

Manufactures and sells printed circuit boards (PCBs) in Finland, Europe, and internationally.

Raisio

Market Cap: €392.8m

Produces and sells food and food ingredients in Finland, the United Kingdom, Ireland, Belgium, and the Netherlands.

Evli Oyj

Market Cap: €517.8m

Operates as an asset manager serving corporate, institutional, and private clients in Finland, Sweden, and internationally.

Sitowise Group Oyj

Market Cap: €88.2m

Provides buildings, infrastructure, and digital solutions in Finland, Sweden, and internationally.