Icelandic Potentially Undervalued Companies

Skel fjárfestingafélag hf

Market Cap: ISK 28.2b

An investment company, engages in the purchasing, distribution, and wholesale of fuel, lubricants, cleaning and chemical products, fertilizers, and other products and services to companies and farmers in Iceland.

Icelandair Group hf

Market Cap: ISK 34.9b

Operates in the airline industry in Iceland, North America, Europe, and internationally.

Hagar hf

Market Cap: ISK 123.7b

Operates retail stores in Iceland.

Kaldvik

Market Cap: ISK 2.0b

Engages in the salmon farming business in Iceland.

Kaldalón hf

Market Cap: ISK 27.6b

Operates as a real estate development company in Iceland.

Alvotech

Market Cap: ISK 1.5b

Through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide.

Síminn hf

Market Cap: ISK 32.6b

Engages in the telecommunications, financial technology, and brokerage solutions in Iceland and internationally.

Amaroq

Market Cap: ISK 676.6m

Engages in the acquisition, exploration, and development of mineral properties in Greenland.