Icelandic Potentially Undervalued Companies

Hagar hf

Market Cap: ISK 125.7b

Operates retail stores in Iceland.

Kaldvik

Market Cap: ISK 747.1m

Engages in the salmon farming business in Iceland.

Sláturfélags Suðurlands svf

Market Cap: ISK 1.7b

Engages in the abattoir, meat processing, and import and export businesses in Iceland and internationally.

Icelandair Group hf

Market Cap: ISK 33.0b

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

Oculis Holding

Market Cap: ISK 1.6b

A clinical-stage biopharmaceutical company, develops drug candidates to treat ophthalmic diseases in Switzerland, Iceland, and internationally.

Icelandic Salmon

Market Cap: ISK 2.1b

Engages in production, processing, and sale of salmon and salmon-based products in Europe, North America, and Asia.

Amaroq

Market Cap: ISK 916.9m

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

Kaldalón hf

Market Cap: ISK 29.7b

Operates as a real estate development company in Iceland.

Skel fjárfestingafélag hf

Market Cap: ISK 31.2b

An investment firm for shareholders, subsidiaries and associated companies, as well as other stakeholders.

Alvotech

Market Cap: ISK 1.3b

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

JBT Marel

Market Cap: ISK 7.3b

Provides technology solutions to food and beverage industry in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Festi hf

Market Cap: ISK 100.2b

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