Icelandic Potentially Undervalued Companies

Hagar hf

Market Cap: ISK 136.6b

Operates retail stores in Iceland.

Skel fjárfestingafélag hf

Market Cap: ISK 30.4b

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 36.5b

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

Iceland Seafood International hf

Market Cap: ISK 14.8b

Engages in exporting of seafood worldwide.

Amaroq

Market Cap: ISK 1.1b

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

Kaldalón hf

Market Cap: ISK 28.7b

Operates as a real estate development company in Iceland.

Kaldvik

Market Cap: ISK 1.5b

Engages in the salmon farming business in Iceland.

Alvotech

Market Cap: ISK 1.6b

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

Síminn hf

Market Cap: ISK 36.9b

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

Festi hf

Market Cap: ISK 106.2b

Engages in the retail sale of fuel, goods, groceries and related products, and electronic equipment in Iceland.