Icelandic Potentially Undervalued Companies

Hagar hf

Market Cap: ISK 114.2b

Operates retail stores in Iceland.

Skel fjárfestingafélag hf

Market Cap: ISK 31.4b

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.

Nova Klúbburinn hf

Market Cap: ISK 17.5b

Provides telecommunications services in Iceland.

Kaldalón hf

Market Cap: ISK 25.4b

Operates as a real estate development company in Iceland.

Kaldvik

Market Cap: ISK 2.2b

Engages in the salmon farming business in Iceland.

Eik fasteignafélag hf

Market Cap: ISK 47.0b

Engages in the ownership, leasing, and management of commercial properties in Iceland.

Alvotech

Market Cap: ISK 2.5b

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

Amaroq

Market Cap: ISK 549.5m

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